Posted by tsy88 > 2014-08-03 15:38 | Report Abuse

Tm932 - am stuck with IWCITY. Averaging does not seem to be the right strategy! In 2 days, drastic pullback of 11 cents does not bode well for the stock. Maybe some adverse news that we do not know of? Even broke 1.50 but luckily closed off lows at 1.51. Hopefully can bounce back.

Posted by inwest88 > 2014-08-03 15:41 | Report Abuse

tsy88 - again IWCity is behaving the same way like it used to be. See my posting below. I reckon you may have to keep until the next play.

"tsy88 - good morning. I was watching IWCity too but it used to go up 1 or 2 days, stayed and dropped back before moving thus not so much for contra. However its due to list its Iskandar Water Front which will is expected to produce strong earnings growth."

Posted by tsy88 > 2014-08-03 15:51 | Report Abuse

Inwest88 - looks like you are right on IWCITY! You are very sharp.Thanks for bringing to my attention.

Posted by tsy88 > 2014-08-03 15:58 | Report Abuse

Inwest88 - take a look at Pasdec. Noticed it is coming back very strongly and looks set to scale past 90 mark, also with upcoming dividend payout of 4 cents in late August may spark another rally!

My opinion only. You weigh the pros and cons.

Posted by tsy88 > 2014-08-03 16:15 | Report Abuse

Inwest88 - not surprising even in bearish market,some stocks can hit jackpot, hee2. Do not possess the 'oomph' factor yet to reap handsome gains. Happy with minimal profit and so long do not encounter heavy losses will do.

Posted by sunlight > 2014-08-03 16:45 | Report Abuse

Hi Dlyc,
L&G:
Bro Profitman has posted on this stock before and I will comment further as follows:
Posted by profitman > Jul 17, 2014 11:19 PM
tpchuayap - L&G:
It has been fluctuating sideways in a rectangle trading pattern with a resistance at 0.585 and support at 0.54. It is unable to take out the 0.585 resistance convincingly and it has been subjected to profit taking today. The support at 0.54 is a strong support level. Need to clear 0.585 convincingly to scale higher to re-test the high of 0.625.

03/08/14:
Weekly chart (midterm) — Very bullish and is on stage 2 of the cycle. Broke out above $0.625 into uncharted territory and carry an estimated target of $0.70.
Daily chart - Stage 2 of the cycle and very bullish. It broke out from its rectangle consolidation on 30/07 and closed at $0.685. However, it formed an Engulfing Bull on the following 2 days, though it is a bullish formation but during uptrend, it can be of concern whether this is the last engulfing top. Hence, do monitor the following candle to confirm. If the next candle closes below $0.635 tomorrow, L&G may have found the new temporary top at $0.69.
Any weakness due to profit taking or overbought situation, it should find very strong support at $0.625 and at $0.60 respectively (both Resistance turns Support).

Happy Trading.

Posted by tsy88 > 2014-08-03 16:47 | Report Abuse

Dear TCB - kindly review and analyse Pasdec. Is it set to scale past 90 and set new highs? Thanksl

Posted by inwest88 > 2014-08-03 16:49 | Report Abuse

tsy88 - on Pasdec, there was a great run recently and I managed to make 2 rounds. I am not watching it at the moment as it may be churning for those who entered high to run (again just my opinion which could be wrong). On the other hand there could be something brewing and like you say, may spark another rally. As I always say I am not in the market to reap handsome gains although I agree that each individual has his /her own profit expectations. For me I am contented with small profits (which means I have a lesser risk tolerance). I take it as a game which provides me the challenge and of course if there are rewards that come with it, it's more satisfying. As of now I still incurring paper losses on AAX-CL and Seacera WB (not easy to dabble in warrants)

Posted by profitman > 2014-08-03 16:49 | Report Abuse

inwest88 - "Academic"...hahaha...that is a very good one.

Posted by inwest88 > 2014-08-03 16:51 | Report Abuse

profitman - thanks. Just conjure something out of the mind at that moment.

Posted by kc18 > 2014-08-03 16:58 | Report Abuse

Matrix

Thanks for your analysis on SEAL

Posted by profitman > 2014-08-03 16:59 | Report Abuse

tm932 - absolutely agree with you on the US market. I believe the sell down was probably a result of the culmination of fear due to a combination of the geo-political situation, the Argentinian credit rating, the Russian sanctions and the Portugese banking situation.

Posted by Prosperity2888 > 2014-08-03 17:18 | Report Abuse

Dear TCB,
Need your advice on Hovid.

Thank you in advance.

Posted by profitman > 2014-08-03 17:23 | Report Abuse

tsy88 - as you may be aware, the intrinsic value of a share is a valuation of the company's share . It is based on certain calculations and it may or may not equal to its market value. Say, the intrinsic value of a company is 3.00 and if its share is trading at 2.00, then it tells us that it is trading below the actual worth of its share. So, it has the potential to trade up to 3.00.

However, do note that we do not know when the share will reach its intrinsic value or if it will ever reach this value.

Posted by sunlight > 2014-08-03 17:23 | Report Abuse

Hi elsa,
EKOVEST:
After the right issues on 28/05, it consolidated to a low of $1.11 and thereafter, started to be on uptrend with higher high and higher low. It brokeout above resistance at $1.26 (the high after latest right issues) on 30/07 with a very strong volume but it retraces slightly last 2 trading days due to profit taking and overbought situation. The uptrend is still very intact so long it is above $1.25. The next estimate TP is $1.51 and $1.65 respectively.
If it retraces further down, it will find immediate support at $1.23 and $1.18 respectively. Stop loss at $1.11 if violated with volume.

Happy Trading.

Posted by Dlyc > 2014-08-03 18:51 | Report Abuse

Dear Sunlight,many thanks for the TA on L&G. Got to respect all TCB sifus for their effort even on Sunday. *bow*

Wish all traders in TCB huat huat next week. :-)

Posted by Lz Lee Weiping > 2014-08-03 19:16 | Report Abuse

sandho9 - EUROSPAN
This counter shows a unclosed-gap-down from the price 1.40 to 0.99 since the year 2011, and a huge rounding bottom. Have a resistance level of 1.03 and 0.99, support level of 0.97 and 0.90. If it managed to hold its position above 0.97, we can see a possibility of closing the gap. Stop loss at 0.88.

siena - TA
Bullish, Stage 2 of cycle and it's now under correction mode with a formation of a flag pattern. Have a resistance of 1.07 and 1.04, support level of 1.00 and 0.97. If managed to hold above 1.00 it will re-test 1.04 and 1.07 and may set a new high. Trailing stop/Stop-loss at 0.95.

yongyou - PERISAI
Stage 3. Support level of 1.50 and 1.47. Resistance level of 1.54 and 1.58. It's now heading downwards to re-test it's support level of 1.50 and 1.47. Stop-loss at 1.45.
On weekly chart. Double Tops have been formed with a high of 1.7/1.71 and a low of 1.26. If 1.26 is broken it will go downtrend.

dunknow - PMETAL
It's still bullish and It has now found a new high of 5.8, the volume looks healthy, and if any weakness it should find 5.25 as a support and the next support level is 5.12. The RSI bearish divergence downtrend has been broken, so it should resume it's bullish momentum. Trailing-stop/Stop-loss 5.02.

Posted by profitman > Jul 20, 2014 01:28 AM
Bullish on wave 3 and consolidated in a pennant for the past 2 weeks. On 18/7, it broke the resistance at 4.50 with volume that could signal a resumption of its bullish trend. Immediate support is 4.40. Should the upward run be sustained, it carries target prices of 4.82 and 5.14. However, it would be wise to monitor the next 2 trading sessions to confirm the run is valid supported by sufficiently high volume as there is a price/RSI bearish divergence that can have negative implications on the sustainability of the possible run up in price.


Happy trading all~

Posted by inwest88 > 2014-08-03 19:51 | Report Abuse

tsy88 - good artcle from my learned friend kcchongnz.

http://klse.i3investor.com/blogs/kcchongnz/56937.jsp

Posted by yoda88 > 2014-08-03 19:51 | Report Abuse

danke-Hovid
Hovid is having a pullback with an overbought situation since the stk starts its uptrend frm the 7th July. Declining in volume with uncertanity of mrkt might test the supports of 0.44 and 0.435 with a strong support at 0.425 level. Watch for volume and mrkt condition if you going for bottom fising.Resistance can be found at 0.455,0.47 and 0.48. Breaching below the critical support near 20MA will drive share prices lower towards 0.425. Cut loss if 0.425 is triggered.
Happy trading.

Posted by stay_foolish > 2014-08-03 19:57 | Report Abuse

nicholasnwh90

Pworth

Weekly Chart- Stage 1 of Market Cycle- Accumulation. In Medium Term, it is expected to consolidate between $0.19 and $0.24. A break above $0.29 may Trend Reversal to Stage 2 of Market Cycle.

Daily Chart- In Short Term, it is expected to consolidate between $0.205 and $0.23. A break below $0.205 may find immediate support at $0.19. A break above $0.24 may test $0.29. The problem of this stock is there is too many Overhangs to clear.

Posted by stay_foolish > 2014-08-03 19:59 | Report Abuse

Kc18

Muhibbah

Weekly Chart- Stage 2 of the Market Cycle which is bullish. Formed a Spinning Top on 25/7 implies some weakness, expect some downward movement to support of $3.10 and $3.04.

Daily Chart- It is also in stage 2 of Market Cycle. After hitting new high at $3.52 on 10/7, the next day followed by a Tweezers Top on 11/7 which show some weakness as well. The immediate support adjust to $3.10 and $3.04. A break below $3.04 may Trend Reversal back to Stage 3 of Market Cycle- Distribution. Any further rebound may find Immediate resistance at $3.27 / $3.4.

Posted by stay_foolish > 2014-08-03 20:03 | Report Abuse

Tsy88

Ruberex

In Weekly Chart- Stage 3 of the Market Cycle- Distribution which the price can be volatile. Need to break above $0.895 to Trend Reversal.

In Daily Chart- The momentum is picking up. A long white candle (Marubozu) formed on 1/8 and engulf all the previous candles which may indicate Price Reversal. Need to breakout at $0.69 and filled $0.695 gap to formed a Double Bottom Pattern. A break above $0.695 may carry to its immediate Target Price at $0.755/$0.81. If cannot breakout at $0.69, it may further consolidate between $0.62 and $0.69.

Happy Trading =)

Posted by yoda88 > 2014-08-03 20:21 | Report Abuse

danke-Thheavy
On a daily chart its trading on a consolidating mode after a huge gap up on the 21st July.Volume divergence with price sustaining above strong support of 0.91 level is a positive signal. However with current mrkt condition, keep an eye on momentum and volume as thheavy might trade side ways for awhile.Resistance can be found at 0.95 and 0.97.Immediate supports are at 0.91 and 0.88.
A stop loss if 0.88 is violated.
happy trading.

Posted by yoda88 > 2014-08-03 20:58 | Report Abuse

miki sia- K1
Since hitting 0.455 with volume on 24 Jul and unable to break that level,its gaining downside momentum.Currently trading below 20MA it might test its supports at 0.41 and 0.38.Watch for any trend reversal with volume and the price should stay above the 0.42 level to retest 0.455 level.
A stop loss if 0.38 is triggered.
Happy trading.

Posted by nicholasnwh90 > 2014-08-03 21:10 | Report Abuse

Thanks to stay_foolish! Much appreciated!

Posted by elsa > 2014-08-03 21:12 | Report Abuse

Sunlight - Thanks a lot for your kind analysis :D

Posted by yoda88 > 2014-08-03 21:12 | Report Abuse

cautious trader-JAG
JAG is uptrending despite the weak mrkt sentiment last Friday. Some rumours are brewing in this counter too.It tested 0.425 and a break above 0.425,JAG will be trading in a bullish region with upsides targeted at 0.447,0.48. Its downside risk is limited,coupled with bullish reading from daily oscillators and accumulation can be noticed. Key supports are situated near 0.415 and 0.39.
A stop loss if 0.38 is violated.
Happy trading.

Posted by mhchai > 2014-08-03 21:49 | Report Abuse

zx08 - SMRT

SMRT successfully broken above the ascending triangle pattern on 23/07 with huge volume and subsequently another spike to all time high at RM0.84 on 30/07 with good volume but price weaken with lower volume thereafter due to broad market selldown as a result from Agentina default.

Do take note on 31/07 as it was T4 after the T0 breakout, there was no sign of heavy force selling as the volume is significantly lower since T0. With higher volume when price spike and lower volume when price drop at bad market, SMRT is well positioned to challange recent all time high RM0.84, 0.775 should form a support but a much strong support is found at RM0.745.

Cut loss if SMRT fall below RM0.745.

Posted by CautiousTrader > 2014-08-03 22:23 | Report Abuse

Thanks Yoda88 for JAG info.

Posted by zx08 > 2014-08-03 23:05 | Report Abuse

thanks mhchai for your TA. nice! anyway, got time just go have a read on
http://klgemseeker.blogspot.com/2014/07/smr-technology-next-prestariang.html

Posted by mhchai > 2014-08-03 23:12 | Report Abuse

tsy88 - Insas
Insas managed to break out and stayed above RM1.28 on 04/07, however it fail to challange all time high RM1.36 and subsequently fall below RM1.28 and stay at range bound RM1.22 - RM1.26.

Another attempt to break and close above RM1.28 on 30/07 but wasn't successful, much higher volume with a shooting star pattern on that day indicated a strong selling pressure and subsequently price fall below 5MA.

Argentina default and Russia sanctions fuel market sell-off in coming weeks, do watch out on possible T3/T4 heavy sell off on tomorrow/tuesday. Immediate support at RM1.21, cut loss if fall below 1.18. A successful break and close above RM1.31 will serve as a strong signal to challange its all time high RM1.36.

Posted by tsy88 > 2014-08-03 23:40 | Report Abuse

Profitman - thanks for your explanation on intrinsic value. Very vlear now, so simple actually.

Posted by tsy88 > 2014-08-03 23:47 | Report Abuse

Inwest88 - just back to this thread. Was watching our men and women's doubles finals. Managedcto clinch 2 gold medals compensating for iur singles dismal performances.

Will look into your learnedvfriend kcchongnz in short while after replying to TCB. Thanks, so considerate and thoughtful of you.

Posted by tsy88 > 2014-08-03 23:52 | Report Abuse

mhchai - thanks for your detailed analysis of Insas. Appreciate very much and will monitor very closely.

Posted by profitman > 2014-08-03 23:57 | Report Abuse

Miki Sia - Ho Hup:

Under correction and currently trading in a descending triangle. Over the past 3 weeks, it was range bound between the 1.36 resistance and 1.32 support. Seems to have formed a support base at 1.32. A break below 1.32 would take it to the next support level at 1.25 which means a continuation of its correction phase. Should it break its 1.36 resistance with volume, it will need to take out the dark cloud formed on 3/7 with a resistance of 1.41 before testing the next resistance level at 1.46. Trading volume has been low and you can expect more consolidation.

We do not give advise on what you need to do but there are certain factors you can evaluate. The question you will really need to address is are you going into this stock for short, medium or long term. Some traders may cut out to free the funds up for other potentially profitable stocks. Or some may want to stay with it since it has a temporary support base at 1.32 and cut out if the 1.32 support is broken which could also mean incurring more losses. Yet some others may decide to hold it for the mid term in which case you will need to look at the FA side to see if its worth holding. Only you know your risk appetite and holding power. So, its a decision you will need to make.

Miki, it is always good to lock in profits when you have profits because no share goes all the way up with no correction or breather. Remember, an egg in the basket is worth 10 outside the basket.

Posted by profitman > 2014-08-04 00:00 | Report Abuse

inwest88, zx08 - thank you for sharing those links. Surely it will be very useful to everyone. Very kind of you people.

Posted by tsy88 > 2014-08-04 00:01 | Report Abuse

stay_foolish : thanks for reading on Rubberex. Noted and appreciated. Will look for breakout from 69.5 level.

Posted by profitman > 2014-08-04 00:05 | Report Abuse

prosperity2088 - in case you missed it, Yoda88 has done Hovid for Danke above. Thanks.

Posted by tjhldg > 2014-08-04 00:08 | Report Abuse

profitman u r good , tj salute .

for me .. if i simpan 1 counter and the price drop sure i average down double and so on , mostly base on fa ( 70 % )
and simple ta like breaking down the major support and climb back above the support ,
i seldom simpan that counter if no intention to average down when price drop .. but i hav my limit juga if drop and average down sampai the price that i worry then i will cut loss ... how u see this type of trading behaviour .... thanks

Posted by sunlight > 2014-08-04 00:08 | Report Abuse

Hi bb55,
GADANG:
After reaching a new high at $2.04 on 24/07, it started to pull back to $1.82 after gap down and formed a spinning top on 01/08 with low volume. Together with the point that the candlestick is at a support position (previous resistance now turn support), it can indicate a potential price reversal. However, do monitor the next price movement to confirm. If the price reverses, it will find immediate resistance at $1.87 and $2.04 respectively before it can scale higher to reach its estimated target of $2.26.
Immediate support is found at $1.72 and $1.64 respectively. Stop loss at $1.62 if violated with volume.

Happy Trading.

Posted by tsy88 > 2014-08-04 00:09 | Report Abuse

Inwest88 - yeah, it is never easy to dabble in warrants and call warrants especially when they fetch high premium and nearing expiry. Can even incur total loss if not careful.

Posted by Prosperity2888 > 2014-08-04 00:11 | Report Abuse

Profitman and Yoda88, thank you very much and sincerely appreciate the help.

Posted by sunlight > 2014-08-04 00:42 | Report Abuse

Hi tsy88,
SUPERMAX:
Bullish as it has brokeout above the downtrend line on 01/08 where it shot up 8.8% and closed at $2.36 with strong volume after a long pull back and some consolidation. Though it is now bullish, it still needs to clear lots of overhangs due to the big pull back before it can scales higher to an estimated TP of $2.74. Strong resistance is found at $2.44 and at $2.60 respectively (support turn resistance).
Any weakness due to profit taking or overbought situation will find immediate support at $2.20 and $2.17 respectively. Stop loss at $2.12 if violated.

Happy Trading.

Posted by profitman > 2014-08-04 00:56 | Report Abuse

kc18 - IFCAMSC:

On a weekly chart, it formed a shooting star which indicates it could be in for a bearish phase in the medium term. On the daily chart, there was a sell down on high volume over the past 2 trading sessions. It broke its immediate support at 0.24 on 1/8 and has found temporary support at 0.23. As the volume is still high, it may not be out of the woods yet. We do not give advise on what is a good entry point. The decision is only yours to make. You may want to continue monitoring for the selling pressure to ease off before taking position. If you decide to take position at 0.23, you may want to exit if 0.205 is broken through.

Posted by profitman > 2014-08-04 01:43 | Report Abuse

tjhldg - ...hahaha...thank you for your kind words. Just like everybody else, I do incur trading losses too. I believe you are a very good investor yourself.

First of all, I accept and respect the fact that different people have different investment techniques be it FA, TA, FA+TA or no FA and TA. I am also a firm believer that as long as it works and you make money from it, then it is a good technique even if the method is unorthodox.

You are right, if you trade on FA, you are suppose to add more if the price trends down as you will now be trading with a higher margin of safety, assuming it is trading below its intrinsic value. Of course, with TA trading, we do not average down, hence, we cut loss once it hits our stop loss price. So, the 2 approaches run contradictory to each other.

Seems to me that you utilized these 2 approaches depending on which stocks you are trading. Frankly, if by employing these 2 approaches for different types of stocks enabled you to maximize your profits, then it is a good method for you and I personally don't see anything wrong with it.

In my medium and long term basket of stocks, I do accumulate the stock if the price trends down but there must be no change in the fundamentals of the stock. However, in my short term basket of stocks, I trade on TA basis where I will trade based on my trading plan. Simple TA like support and resistance and volume is fine and in fact can be very effective. Too much use of indicators can give conflicting signals. As I have previously quoted before and I will re-quote here again that "too much analysis can lead to paralysis".

Thank you for sharing your trading technique here. We learn from each other everyday. Really appreciate your presence here, tj. Cheers.

Posted by connie > 2014-08-04 01:49 | Report Abuse

hi profitman ... u are still awake ? so am I :) help me to sleep !

Posted by connie > 2014-08-04 01:51 | Report Abuse

too much analysis leads to sleepness nites :(

Posted by profitman > 2014-08-04 02:08 | Report Abuse

connie - thought you sleep early

Posted by profitman > 2014-08-04 02:10 | Report Abuse

connie, oh, you just came back from Switzerland, right? So, you must be experiencing jet lag or you miss Europe too much! ...hahaha... Good to see you here.

Posted by skyhawk > 2014-08-04 02:13 | Report Abuse

connie...good morning...try listening to this...

http://www.youtube.com/watch?v=c2-e7Z1LEL8