Posted by sunlight > 2014-07-31 23:43 | Report Abuse

Hi angie80,
CAELY:
It is currently on consolidation mode trading in a symmetrical triangle. It needs to break out with volume and stay above $0.565 for a valid bullish price reversal. The next resistance level is at $0.59 before it can scale further to an estimated target of $0.63 and beyond.
Immediate supports are at $0.52 and $0.505 respectively.

Happy Trading.

Posted by yoda88 > 2014-07-31 23:53 | Report Abuse

jass-Mentiga
Sorry for the late reading.Mentiga's downside risk is limited as as its on a consolidation mode at this junture and nicley trading at the middle band @ 20MA.Accumulation is noticeable on a daily chart and if accompany with volume the share price is expected to scale north.Resistance are found at 1.17,1.25 and further upsides are targeted at 1.30. However depending on the uncertainity of the mrkt situtation,key supports are situated near 1.16 and 1.11. A stop loss below 1.03.
Happy trading.

Posted by matrixcool > 2014-08-01 00:01 | Report Abuse

Cityplus,

LBALUM—
Weekly Chart—Trade above its uptrend line. It is very bullish in midterm and expect to test its previous high of $0.815 and if break will enter into uncharted territory.

Daily Chart—Uptrend intact, it is having some difficulty to break and stay above its immediate resistance of $0.775/$0.78.A break above with volume will take it to its previous high of $0.815 (Strong Resistance) and into uncharted territory and immediate target of $0.86. Any weakness should find immediate support at $0.765/$0.745 which offers opportunity to buy for future play. Stop Loss if $0.715 is violated with volume.

Happy Trading

Posted by profitman > 2014-08-01 00:38 | Report Abuse

cityplus - SCH:

Have broken out of its 0.245 resistance on 21/7 after a period of consolidation but was unable to scale higher beyond 0.285 as it encountered strong resistance at this level. Has found a bottom at 0.22. Currently, its immediate support lies around 0.26. A successful penetration of 0.285 will see it test the next resistance at 0.295/0.30, which if broken could signal a trend reversal.

Posted by AyamTua > 2014-08-01 00:41 | Report Abuse

appreciated for censof meter reading .. thanks love

Posted by profitman > 2014-08-01 01:02 | Report Abuse

Posted by profitman > Aug 1, 2014 01:00 AM | Report Abuse X

Dunknow - MKLand:

As you are aware, it is currently on an uptrend and need to successfully take out its resistance at 0.56 to trend new highs. If it does, it carries target prices of 0.59, 0.67 and 0.80. But whether it will revisit its 1.20 level depends on a number of factors, specifically relating to its future growth and earnings prospects. Its financials in 2013 does look promising with respectable growth in its earnings and profits. Perhaps you may want to take a look into its intrinsic value to give you an indication of its share potential.

Posted by Miki Sia > 2014-08-01 05:56 | Report Abuse

Dear TCB,
need your advice on k1 and hohup.
I entered k1 at 0.43 but it closed at 0.425. The uptrend still intact ? and can average down with support 0.4 and resistance 0.445?

For hohup i bought it few mths bck but failed to clear all when it shoot up to 1.6+ level. My average is around 1.47. So any TA advice on it?

Thanks

Posted by stay_foolish > 2014-08-01 07:33 | Report Abuse

tsy88

IWCITY

Weekly Chart- Stage 2 of the Market Cycle which is bullish. Breakout at $1.49 and heading to immediate target at $1.73. However, 31/7 formed a Shooting Star which may show some weakness on the uptrend.

Daily Chart- Breakout from a Small Pennant from 17/07 to 25/07 at $1.54 on 30/7. On 31/7 formed a Black Candle due to profit taking and retraced about 5%. However, the selling volume is very low and assume it is not out of wood yet. May find immediate support at $1.53/ $1.54 and strong support at $1.46. If $1.54 stay, it may retest $1.65/ $1.70/ $1.75.

Posted by stay_foolish > 2014-08-01 07:35 | Report Abuse

Jass

Ewein

Weekly Chart- Stage 3 of the Market Cycle- distribution which the price can be volatile. In medium term, it is expect to trade between $ 0.54 and $ 0.7. A break above $0.78 may Trend Reversal to Stage 2 which is Bullish.

Daily Chart- In Short Term, it is expected to consolidate between $0.54 and $0.64. May find immediate support at $0.565/$0.575. A break above $0.64 may retest $0.675/$0.70.

Posted by yongyou > 2014-08-01 07:44 | Report Abuse

Dear TCB, what is your opinion on Perisai

Posted by inwest88 > 2014-08-01 07:51 | Report Abuse

Good morning TCB.

Posted by inwest88 > 2014-08-01 07:53 | Report Abuse

tsy88 - good morning. Dow dropped 300 points, so expect a flurry of selling in the morning. Sold Furnweb at 74 sen and had a quick trade on Complete with a 2 sen gain.

Posted by tsy88 > 2014-08-01 08:32 | Report Abuse

Inwest88 - good morning.

Yeah. Expect a sea of red. IWCity will have to average. Congrats on Complete.

Posted by tsy88 > 2014-08-01 08:35 | Report Abuse

Stay foolish - good morning. Thanks for your reading of IWCity. Noted and appreciated.

Posted by tsy88 > 2014-08-01 08:50 | Report Abuse

Inwest88 - congrats on Furnweb too.

Posted by cityplus > 2014-08-01 09:25 | Report Abuse

Thank you very much to matrixcool for LBALUM and profitman for SCH. :)

Posted by jass > 2014-08-01 09:30 | Report Abuse

Good morning. Thanks Yoda for Mentiga n Stay_foolish for Ewein:)

Posted by profitman > 2014-08-01 10:34 | Report Abuse

inwest88 - good morning. Yeah the Argentinian credit rating, Russian sanctions and other political instabilities are weighing on stock markets worldwide.

Posted by profitman > 2014-08-01 10:58 | Report Abuse

kc18 - Silk:

Bullish. Has broken out from its pennant on 30/7 with an immediate support at 1.14 and an immediate resistance at 1.24. You may want to set a stop loss at 1.13. TP 1 = 1.22 ; TP2 = 1.30 and TP3 = 1.42. Currently it seems to be well supported at the 1.18 level.

Posted by profitman > 2014-08-01 11:07 | Report Abuse

Ayamtua - Censof:

Still trading in its descending triangle with a support base at 0.47 which is holding quite well. Immediate resistance is at 0.50. Any sustained break in this resistance with volume could signal a price reversal where it would test the next resistance at 0.535. Stop loss can be set at 0.46.

Posted by zx08 > 2014-08-01 13:51 | Report Abuse

Hi TCB, can you have a look on SMRT 0117?.. it is being written by the GUOCO blogger.

SMRT 0117

1 month TP: 12x FY 2015 P/E @ RM0.94
3 months TP: 15x FY 2015 P/E @ RM1.17
6 months TP: 18x FY 2015 P/E @ RM1.41


http://klgemseeker.blogspot.com/2014/07/smr-technology-next-prestariang.html

Posted by Dunknow > 2014-08-01 14:05 | Report Abuse

thanks Mr Profitman :D

Posted by trustme932 > 2014-08-01 14:33 | Report Abuse

Invest88 tsy88.....kub n ktb both shud be higher soon esp kub

Posted by kc18 > 2014-08-01 16:23 | Report Abuse

Dear TCB

Is 0.23 a good entry point for IFCAMSC?

thanks

Posted by nicholasnwh90 > 2014-08-01 19:41 | Report Abuse

Dear TCB,

Can enlighten me on Pworth? Thanks in advance!

Posted by inwest88 > 2014-08-01 21:43 | Report Abuse

trustme932 - thanks for highlighting ktb and kub. I entered Tekseng at 38 sen in the late afternoon. Also did a quick trade on Evergreen (which I mentioned 2 days ago) for a 2.5 sen gain. Have to be careful next week as the Dow futures is currently down.

Posted by kc18 > 2014-08-01 22:54 | Report Abuse

Profitman

Thank you for comment on SILK

Posted by bb55 > 2014-08-01 23:46 | Report Abuse

Dear TBC can u give advice on gadang ? Why it keep on dropping? Thanks.

Posted by bb55 > 2014-08-01 23:55 | Report Abuse

Sorry typing mistake is TCB not TBC.

Posted by cityplus > 2014-08-02 10:07 | Report Abuse

Dear TCB,
I am new here, after take sometimes go thru' all the posts, found that you guys giving some potential share counters by email, appreciate that if can add me to the email list as well, many thanks. :)
my email address is "jasontan789@gmail.com"

Posted by CautiousTrader > 2014-08-02 11:19 | Report Abuse

Dear TCB, can you help to give the analysis on JAG? Thanks :)

Posted by matrixcool > 2014-08-02 11:38 | Report Abuse

cityplus > Aug 2

Hi,please send an email to my email and i will add you in my mailing list.
My email is:
matrixcool02@gmail.com (02 reads zero two)

Regards

Posted by trustme932 > 2014-08-02 14:16 | Report Abuse

Invest88...c no trend reversal on dow..long expected to c this kind of correction to take place.anyway tks for yr advice.

Posted by bb55 > 2014-08-02 15:41 | Report Abuse

Mr matrix cool can include me in your email list? Tq

Posted by matrixcool > 2014-08-02 17:12 | Report Abuse

bb55 > Aug 2


Please send an email to my email and i will add you in my mailing list.
My email is:
matrixcool02@gmail.com (02 reads zero two)

Happy Trading

Posted by Dunknow > 2014-08-02 21:41 | Report Abuse

Dear TCB, pmetal still can in?

Posted by Dunknow > 2014-08-02 21:42 | Report Abuse

Thanks In advance

Posted by tsy88 > 2014-08-03 01:34 | Report Abuse

Profitman - can you please explain more on:

1) INTRINSIC VALUE of a share.
2) In what way will it determine its share potential?
3) Can you give example?

Thanks.

Posted by tsy88 > 2014-08-03 01:50 | Report Abuse

Inwest88 - congrats on your quick trade on Evergreen. You still managed to gain on a day when dow plunged 317! Excellent. As I menntioned before, even in bearish mode,there are stocks bucking overall trend.

Did not even know Tek Seng surged. By the time I saw, it was 39.5 and did not want to chase at that level, as was reluctant to enter at 35.5, what more to say at 39.5. Posted new high, like Evergreen.

Bones' latest recommended stock is Masteel, another laggard,like Lionfib. As usual, another huge gap up. Would not chase!

Posted by tsy88 > 2014-08-03 01:59 | Report Abuse

Dear TCB -

Please advise on Supermax, has it reversed from its downtrend?

Also Rubberex, same like Supermax, reversed after setting new low at 62.5?

Thanking you in anticipation.

Posted by matrixcool > 2014-08-03 09:06 | Report Abuse

KC18,

SEAL—Weekly Chart( Mid term)—It is at stage 2 of the cycle and very bullish, keep setting new high into uncharted territory. Formed a “spinning top “ last week implies some weakness, expect some downward movement to support of $1.32/$1.26. It will carry on its stage 2 bullish trend if $1.50 is taken out with volume.
Daily Chart—It is also at stage 2 of the cycle. The problem with Seal is while it is scaling new high but the Price/RSI and Price/Vol has formed bearish divergence since 1st July. Of course this does not mean it won”t go higher but do trade with caution because a big pull back maybe on the card .Immediate support adjusts to $1.32 and if break also violated its uptrend line and consolidation may take longer than expected. Any further rebound will find immediate resistance at $1.45/$1.50.
For stage 2 counter we would advise you to set a Trailing Stop to protect your profits in case of a big pull back.

Happy Trading

Posted by tsy88 > 2014-08-03 10:40 | Report Abuse

Dear TCB - good morning.

Insas announced on 25 July renouncable rights issue of RPS together with free warrants at issue price of 1.00 per RPS.

Is current retracement considered attractive level in view of the above proposal? Or should wait for further pullback? Kindly advise. Thanks.

Posted by tsy88 > 2014-08-03 11:43 | Report Abuse

Dear TCB -

Appreciate if you can give Ta analysis on Cresndo? Going ex on 8 Aug with a final 9 cents single tier dividend. Find this stock gives good dividend yield and has hardly moved compared to other property stocks.

Has it staged a breakout and more upside in store? Kindly advise. Thanks.

Posted by inwest88 > 2014-08-03 12:41 | Report Abuse

tsy88 - good morning. Like I mentioned to trustme932 I was a bit skeptical of the market after seeing that the Dow dropped 2% on Thursday and continued to fall the next day but the local market showed resilience when most counters recovered in the afternoon on Friday with some breaking new high which led me to believe (I could be wrong) that the underlying sentiment is still intact. For the coming week will be watching Nihsin, Sunzen, SCH, Stemlife, and Keinhin.

Posted by inwest88 > 2014-08-03 12:47 | Report Abuse

tsy88 - even though the index may drop in the local market there are still counters that are being played up. Have to be very selective in trading. Thus an academic trader can always find at least
"A Counter A Day Even Market Is Correcting" (ACADEMIC)

Posted by trustme932 > 2014-08-03 15:01 | Report Abuse

Invest88 n tsy88...there is nothing wrong with the US mkt,a healthy correction,probably another 2 pct more.USdlr is stable agst major currencies,US interest rates steady...no outflows of usdlr funds from USA.,dow will resume its uptrend latet maybe new high b4 month end.Get ready with yr cash to pick up some stocks.

Posted by tsy88 > 2014-08-03 15:13 | Report Abuse

Inwest88 - yeah. Agree with you. Got to very selective in our trading now. You go in the right counter and you can make some bucks and there are stocks posting new highs daily be it bearish of bullish. There is a lot of rotational play.

Posted by inwest88 > 2014-08-03 15:22 | Report Abuse

tm932 - glad to see you here on a Sunday. Thanks for your input on the market. Will heed your advice.

Posted by tsy88 > 2014-08-03 15:22 | Report Abuse

Inwest88 - thanks for your stock picks for coming week. Lately, have not entered any of your stock picks as did not want to hold too many counters overnight. Sunzen looks like staging a comeback. The rest am not sure. Will go through them later.

Happy trading tomorrow.

Posted by inwest88 > 2014-08-03 15:23 | Report Abuse

tsy88 - like tm932 says, there are still opportunities to make money in this market. Just some hiccups at the moment.