"Knowledge without discipline is dangerous,discipline without knowledge has little value"
1) We are here to help out any I3 members of their stock TA. If you need help on any stock chart just address us as “Dear TCB..”
2) We encourage traders to buy stocks with a trading plan. Before you buy please have a Stop Loss in case the stocks go against you.
3) We encourage traders to cultivate a winning habit, that is to lock in profits often when the opportunity arises. Be focused. We are here with one purpose only, that is to make money, never let a winning trade become a losing trade.
4) We encourage traders to set a Trailing Stop to protect their profits when riding on a winning trade.
5) We encourage other traders that have TA knowledge to participate and help out others on TA. In this way we all can learn together.
6) We will never recommend any stock in this thread as Buying and Selling is solely your own decision and your own risk.
7) We may post the stocks that we are interested in, together with a TA reading on it for the purpose of sharing. These TA readings are to cultivate habits of 'Discipline' and 'Plan' before trading .
Wow, your learned friend kcchongnz is fantastic. With 100k capital and investing in a portfolio of only 11 stocks achieving 48% return in a year is truly a remarkable feat by any standard.
tsy88 - KC is really great. An engineer by profession in his working days, he made a great effort to take up a Masters in Finance but more importantly he his unselfishly sharing his articles all this while with the forumers here. His analysis of the stocks, I would say, is so much clearer and convincing than most analysts. You just cannot find a better FA person. Even though I only use FA at times (buying good fundamental stocks) , I read all his articles. I reckon you also should.
By the way didn't know you a sports fan. Great that we won 2 more golds in badminton to make up for the loss in the men's singles.
Thanks for your comment on IFCAMSC I do enter at 0.23 but when this morning it open a gap down , quickly cut loss.However later part it reverse back.Need your advice in this kind of scenario,do you think my quick action is a correct move? Thanks
Inwest88- normally watch soccer, badminton and tennis.
Your friend only posts once in a while but his articles are very selective yet interesting.
Bought Jag at 42.5 this morning. Company is giving bonus plus free warrants and will go ex on 11 Aug. Think they may push up share price in view of this. Sch giving 1 cent dividend.
I find Ideal nice but did not enter. Also did not buy Kub. IWCITY looks like it is coming back.
kc18 - It would be helpful for you to draw up a trading plan before you enter a trade because a trading plan will alert you on when to cut loss and when to consider taking profits. It also removes part of the emotions of trading besides minimizing the chance of you being shaken out by the market when the price dips. If the stock has not hit your stop loss, you can continue to hold on to it. Please bear in mind that there will be intra day price fluctuations.
Hi citiwai, MPAY: It is in consolidation. After failing to break above $0.30 on 22/07, it consolidated to $0.265. Today, it scaled up but failed to break above the downtrend line due to low volume. If it breaks and closed above $0.29 with volume, it will indicate a potential bullish breakout (buy signal). It will then try to scale higher to TP1-$0.335 and TP2-$0.365 with immediate resistance at $0.30/$0.325/$0.345 respectively. If it failed to breakout above $0.29 it will move towards immediate support at $0.265 and $0.25 respectively. Stop loss at $0.215 if violated.
Weekly Chart- Stage 3 of Market Cycle- Distribution which the price can be volatile. In Medium Term, it is expected to trade btw $0.68 and $0.82. Need to break the very Strong Resistance at $0.865 to Trend Reversal
Daily Chart- A Break Away Gap happened on 24/07. The gap has been filled due to Profit Taking and may find immediate support at $0.71. Strong Support at $0.68. In short term, it is expected to trade between $0.71 and $0.755. A break above $0.755 may test its immediate target at $0.795 /$0.835.
Weekly Chart- Stage 3 of the Market Cycle- Distribution which the price can be volatile. Breakout at Descending Triangle on 1/8 but the volume is not convincing enough. Need to Break above $3.8 to Trend Reversal.
Daily Chart- Formed A Gravestone Doji on 4/8 which indicate indecision of investors. The price may further consolidate/downward but need to wait for tomorrow confirmation. Immediate support is $2.99 but it look frail, may find stronger support at $2.86. Resistance 1 is $3.1 and resistance 2 is $3.22.
tsy88 - PASDEC Support level at 0.78 and 0.755. Resistance level of 0.845 and 0.865. It's now consolidating between 0.78 and 0.845. RSI shows bullish momentum. It's lacking in volume to push forward the price. If it close above 0.845 with volume, it will retest 0.865 and 0.88. Stop-loss at 0.77. TP at 0.96 and 1.00.
limayseng - SUMATEC It's Stage 2 of cycle, bullish. Rise about 94.3% (+0.245) within 7 weeks, which is from 0.26 during mid of July until today with a high of 0.505. Now it's heading to re-test it's next resistance level of 0.52/0.525, and the high of 0.565, volume is healthy at the moment. Any weakness should find 0.465 and 0.44 as a support level. Trailing-stop/Stop-loss at 0.43. TP at 0.58 and 0.65. As for you question for "Is it still safe to enter at this 50c level ?" that would depend on your calculation on risk/reward ratio.
Under consolidation. Range bound. Immediate support = 1.71. Immediate resistance = 1.79. Will test previous high of 1.86 if break 1.79 and will continue its bullish trend. If break 1.71, will trend towards next support at 1.65. Divergence in price/acc.dist vol present, indicative of accumulation in the stock.
Hi yongyou, UEMS: The stock is under consolidation. After reaching the high of $2.42 on 22/04, it had a big pull back to a low of $2.03 on 10/06 and started to consolidate in rectangle trading between $2.03 and $2.14. It needs to break above $2.14 with volume in order to scale higher to an estimated target of $2.25. The support at $2.03 is a strong support level. Stop Loss if $2.02 is violated.
Still under consolidation. You are right, the current support level 0.56, a 23.6% retracement, seems to be holding well. If this level is broken, it should be well supported at the next 2 support level at 0.515 (38.2% retracement) and 0.485 (50% retracement) respectively. In order for a resumption of its bullish trend, it needs to take out the 0.635 resistance convincingly with volume. There is accumulation in the stock in the short term as signaled by the divergence in the price/acc.dist vol on the daily chart.
ayamtua - ZELAN Stage 2 of cycle, bullish, it has broken it's resistance level of 0.33/0.335 and 0.345. Now it's has a support level of 0.345 and 0.33. Resistance level of 0.385 and 0.360. It's now re-testing it's resistance level of 0.360, if it break it, it will be expect that it will re-test 0.385. TP at 0.44 and 0.48. Stop-loss of 0.31.
Posted by Lz Lee Weiping > Jul 29, 2014 11:47 AM | ayamtua - ZELAN Has a resistance level of 0.33/0.335 and 0.345. Support level of 0.305 and 0.29. It formed a double bottom with a low of 0.17 and a peak of 0.325. It needs to close above 0.325 to confirm it's bullish-ness. It's expected to re-test it's resistance level of 0.33/0.335 and 0.345. TP of 0.44 and 0.48. Stop-loss of 0.24.
citiwai-dnex It is in healthy consolidation mode and trading on a range bound of 0.31 to 0.325.If it breaks 0.325 accompany with volume above the band then it will scale to test 0.34 level.Current resistance can be found at 0.315 and 0.325.Immediate supports are at 0.31 and 0.295. A stop loss if 0.29 is violated. Happy trading.
ayamtua-KGB In positive view on ACE market, KGB share prices also show signs of resuming its long-term uptrend, substantiated with healthy volume today and as one of the top volume gainer its trading at a bullish region. Coupled with positive reading from all oscillators, suggest that share prices are expected to move higher towards 0.46, 0.47 and 0.49.Breaching below the critical support near 0.41 level it will drive share prices lower towards 0.395. A stop loss below once 0.39 is triggered. Happy trading.
In 2013, the group experienced a 38% drop in profits on the back of a 5.5% increase in revenue. In fact over the past 3 years, its profits have been declining year on year while its revenue averaged a -1% growth over the past 5 years. In 2013, it has a negative cash flow from operations but a positive cash and cash equivalents and it is not a highly geared company. However, its JV with Ho Hup in the Pavilion 2 project would impact positively on its financials in the future.
Dear TCB, I am a newbie.I am a silent reader on TCB posts. Can Stay_Foolish explain what is stage 3 cycle? I read his post lately on Cresendo
Weekly Chart- Stage 3 of the Market Cycle- Distribution which the price can be volatile. Breakout at Descending Triangle on 1/8 but the volume is not convincing enough. Need to Break above $3.8 to Trend Reversal.
I bought Crescendo earlier.Sorry to trouble you all.
God Bless you all for wonderful and unselfish works.
tsy88 for jag I would suggest to take profits if the price goes up as the stock is not backed by strong financials. By the way I an still keeping a bit of Ijacobs pending announced of the RTO. In fact wanted to add some at 59 yesterday but held back. Happy trading
Seems to have found strong support at 0.22 at the moment. It is now testing the 0.27 immediate resistance. The selling pressure seems to have eased off but you can expect some consolidation, which I feel is healthy, before it trends up again.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by TechcodeBreaker > 2014-05-18 01:09 | Report Abuse
"Knowledge without discipline is dangerous,discipline without knowledge has little value" 1) We are here to help out any I3 members of their stock TA. If you need help on any stock chart just address us as “Dear TCB..” 2) We encourage traders to buy stocks with a trading plan. Before you buy please have a Stop Loss in case the stocks go against you. 3) We encourage traders to cultivate a winning habit, that is to lock in profits often when the opportunity arises. Be focused. We are here with one purpose only, that is to make money, never let a winning trade become a losing trade. 4) We encourage traders to set a Trailing Stop to protect their profits when riding on a winning trade. 5) We encourage other traders that have TA knowledge to participate and help out others on TA. In this way we all can learn together. 6) We will never recommend any stock in this thread as Buying and Selling is solely your own decision and your own risk. 7) We may post the stocks that we are interested in, together with a TA reading on it for the purpose of sharing. These TA readings are to cultivate habits of 'Discipline' and 'Plan' before trading .