Posted by Lz Lee Weiping > 2014-05-22 14:27 | Report Abuse

Dear TCB,
can you help me on these 3 - KRETAM, TDM and THPLANT?
Thanks alot =)

Posted by Chenlai > 2014-05-22 14:37 | Report Abuse

Good Day TCB
Appreciate your advise on GHL.
Many thanks for your generous help!

Posted by cherry tomato > 2014-05-22 14:38 | Report Abuse

TH Plantation read by profitman on 19 May

TH Plantation

Bullish. Has cleared the dark cloud on 25/4. Need to overcome the major resistance of 2.14 which it is currently doing. Support levels are at 2.10 and 2.00. TP 1 = 2.16 ; TP2 = 2.21 & TP 3 = 2.37.

Posted by cherry tomato > 2014-05-22 14:43 | Report Abuse

GHLsys read by Matrixcool on 24 Apr

Has turned bearish with an immediate support price of 0.855 and an immediate resistance of 0.96. Made a MACD bearish crossover on 15/4. It has retraced more than 61.8% since it first broke out with volume on 24/3. Major support is at 0.80. Any further selling tomorrow with volume,could see it trending towards 0.855

However it was a month ago. Need TCB to see whether TA it is remained the same. Thanks.

Posted by Chenlai > 2014-05-22 14:46 | Report Abuse

Thanks Cherry Tomato. Shall wait for TCB advise, hopefully after a month, I can see light at the end of the tunnel!!

Posted by matrixcool > 2014-05-22 14:47 | Report Abuse

cherry tomato--GHLsys are you sure it is from me? I never look at indicators nor fibo nor.
Please check..

Happy Trading..

Posted by cherry tomato > 2014-05-22 14:49 | Report Abuse

in the old trade.

Posted by cherry tomato > 2014-05-22 14:51 | Report Abuse

Matrixcool sorry is read by Profitman.

Posted by matrixcool > 2014-05-22 15:01 | Report Abuse

cherry tomato , profitMan or Sf will update GHLsys as they are covering the counter.

If you follow my posts i never use indicators except to look for Bullish or Bearish Divergence.

Everyone reads TA differently and I respect whatever TA they used.

As i always say, TA is only a guide you need a plan while buying into any stock. The reading could change due to certain unexpected development and a counter can turn from Bullish to Bearish in a split second.

The TCB is here to help read charts, but we could not control the sequence of events that might affect the price of any stock.

Happy Trading..

Posted by ProfitMan > 2014-05-22 15:08 | Report Abuse

Cherry tomato - thank you so much for helping out. You are fantastic. Appreciate it.

GHLSys:
Major support of 0.80 was broken and it found strong support at 0.755. Now re-testing to break its immediate resistance at 0.87 convincingly with the gap up yesterday with volume. If overcome, the resistance level is at 0.96. If it fails to stay above 0.87, it should find immediate support at 0.815/0.82.

Posted by matrixcool > 2014-05-22 15:12 | Report Abuse

Lz Lee Weiping

# KRETAM—Found the new low at $0.535 which stage 4 of the cycle ended. Now it is at stage 1 of the cycle, it is expected to trade between $0.585 to $0.65. A break below $0.585 spells trouble may retest its previous low of $0.535.A break above $0.65 may find strong resistance at $0.685. The trouble with this stock is it has lots of overhang to clear. If you are bottom fishing, make sure you exit if $0.535 is violated.# ( March 2014)

I did the chart reading for KRETAM in March, the scenario remains the same. Stage 1 of the cycle, sometimes takes weeks/months during this consolidation period (Or we refer to Accumulation stage).

Happy Trading

Posted by matrixcool > 2014-05-22 15:38 | Report Abuse

Lz Lee Weiping

TDM—After hitting high of $1.13 it has a big pull back to a new low of $0.96, the big pull back must have shaken out lots of traders. It rebounded to $1.02 but have failed to clear and stay above $1.02. It is trading sideways between $0.975 to $1.02 with strong support at $0.96. A break above $1.02 will take it to its next strong resistance at $1.06, unless this level is taken out with volumes TDM may trade sideways for a longer period. Exit if $0.95 is violated.

profitMan, you did THPLANT earlier, anything to update on this counter ?
Happy Trading..

Posted by cherry tomato > 2014-05-22 15:39 | Report Abuse

Dear TCB it is possible to have chart system in order to learn TA? Or can be learn from book, net and video B4 proceed to purchase chart system?
Thanks.

Posted by Chenlai > 2014-05-22 15:42 | Report Abuse

Thanks Profitman & Matrixcool, much appreciated!
Have a great day ahead!

Posted by ProfitMan > 2014-05-22 16:00 | Report Abuse

Lz Lee Weiping - THPlant:

Temporarily it has overcome the resistance at 2.14 and has hit TP1 of 2.16. If it managed to maintain above 2.14, it will be trending towards TP2 at 2.21.

Posted by ProfitMan > 2014-05-22 16:37 | Report Abuse

cherry tomato - For a start, the free Chart Nexus will do. You can learn TA from books, internet and videos, no problem. Whether you want to purchase the chart system or not depends on your needs. Some people trade armed with just their TA knowledge and Chart Nexus and they are very successful.

Of course, if you buy the system, it offers you more value added information and alerts and stuff like that. But acquire the basic TA knowledge first. Don't need to learn everything all at one go. You can start with recognizing and interpreting candlestick charts and chart patterns and knowing where support and resistance are and the implications of volume.

Don't bother about other indicators first. Start interpreting real life charts of stocks that you trade or of any other stocks of interest to you and you can post it here for Matrix and others to add notes to it. That way, you speed up your learning process. Once you become better at it, then you start introducing other indicators that you wish to familiarize with, one at a time into your reading. This way, you don't get confused with too much info.

As the saying goes - before you can walk a thousand miles, you need to start with a 1st step. (sorry for being philosophical) Cheers.

Posted by cherry tomato > 2014-05-22 17:21 | Report Abuse

Thanks profitman.

Posted by FAST_5 > 2014-05-22 18:41 | Report Abuse

Dear TCB,

today SKPetro hit bearish engulfing, but at oversold area (hit major support). Any comments on this? Thanks

Posted by ProfitMan > 2014-05-22 19:23 | Report Abuse

Fast_5 - SKPetro:

Still in the correction phase. Today, it closed the gap support at 4.22/4.30 on the back of high volume, above MA30 and looks bearish. Not out of the woods yet. Can expect to see it trend towards the 4.00 zone on further weakness.

Posted by thor88 > 2014-05-22 19:37 | Report Abuse

hi sifu,

trouble you again on analysia RAYA ..thanks

Posted by bravo > 2014-05-22 19:44 | Report Abuse

Dear TCB,

Good Evening, today L&G got little movement, has the chart indicates the "bull" yet?

Thank you :)

Posted by ProfitMan > 2014-05-22 20:08 | Report Abuse

bravo - L&G:

Not yet. It is still consolidating. It needs to clear the important resistance at 0.585 formed with the evening star formation on 15/5 with volume first. Please note that the daily volume traded remains low. For a bullish run to sustain, it needs to be accompanied with substantial volume on breakout.

Posted by matrixcool > 2014-05-22 20:18 | Report Abuse

ProfitMan , you made an important comment on TA about volume.
TA believes volume confirms the Price action..
If the price advance and volume contract, we call it Price/Volume divergence and vice versa..

Happy Trading..

Posted by livermore > 2014-05-22 20:35 | Report Abuse

Dear TCB,

Can you comment on Destini. Thanks.

Posted by ProfitMan > 2014-05-22 20:49 | Report Abuse

Stock In Focus: JAYCORP

It opened today with a gap up and almost hit TP1 of 0.85, but fell short at 0.845. It succumbed to selling pressures and formed an engulfing bear implying that maybe it might undergo some correction. The support level to look out for is at S1 0.775/0.78.

Posted by novice8 > 2014-05-22 20:50 | Report Abuse

Okay! Tq profitman!!!

Posted by matrixcool > 2014-05-22 21:01 | Report Abuse

profitMan, novice8,

JAYCORP—profitMan, you are right about the “Engulfing Bear” formed today that imply the bull momentum may shift to Bear..

For conservative traders, you may want to wait for tomorrow candle, if close above $0.795 it may have the chance to challenge the "Engulfing Bear" at $0.845 again.

Happy Trading..

Posted by stay_foolish > 2014-05-22 21:16 | Report Abuse

Thor 88,

Raya

Market cycle 2- Mark up which indicate bullish trend. The price just break through a long consolidation almost 1 and half year at 0.16. The price go up high and test resistance 1- 0.255. It need to break through to further test 0.27. Evening star formed on 15/05 and the price drop since then. However, 22/5 candle looked good, it formed a piercing pattern. The price may continue go up tomorow. Support 1 at 0.195 and suport 2 at 0.18. Cut loss if the price drop further 0.16.

Posted by senyi88 > 2014-05-22 21:26 | Report Abuse

Hi matrixcool, can you take a look at Sona? Thanks!

Posted by Gji Gan > 2014-05-22 21:41 | Report Abuse

Hi tcb, aax been drop to 0.77, may I have some advise to hold or cut lose ?

Posted by FAST_5 > 2014-05-22 21:49 | Report Abuse

Sona, support at 0.56, and looks like money flow decreasing and at overbought area.

Posted by angie80 > 2014-05-22 22:26 | Report Abuse

Hi Matrixcool,

Could you comment on Westport? Thanks.

Posted by sephiroth > 2014-05-22 22:32 | Report Abuse

Dear TCB,

To monitor these 2 spike up stock tomorrow

1.pjd / pjd-wc : completion of disposal of building, gonna receive RM220m cash and realised a super profit of RM101m or 22 sen per share

2. amprop - free RCPS worth RM500 for every 2,000 shares of amprop
closing price 95.5 sen, yield = RM500/1910(955 X 2) = 26.17%

Posted by matrixcool > 2014-05-22 22:46 | Report Abuse

Gji Gan , For AAX the Stop Loss level is if $0.74 is violated. That mean stage 4 of the cycle is not completed and to be avoided at all cost. If $0.74 holds, any rebound should find resistance at $0.795 and strong resistance at $0.815.
For trading the most difficult part is selling and you need to make that decision yourself.
For me, sometimes I sell during rebound to release my capital or take a small loss for future trade.(Then everyone trade differently).

In TCB we encourage traders to trade with a plan when the stock moves against us as Chart can only use as a guide only.

FAST_5 --Thanks for your input on SONA.

Thanks Sephiroth for highlighting PJD & its WC-appreciate your inputs.


Happy Trading..

Posted by matrixcool > 2014-05-22 22:53 | Report Abuse

senyi88,

I did the chart reading for SONA on 20/05, it is under consolidation after the breakout from Symmetrical Triangle.

#SONA—Breakout from Symmetrical Triangle 2 days ago with volume, it is very bullish and should be testing its previous high of $0.62 soon. A break above will take Sona into uncharted territory with targets of TP1=$0.66 and TP2=$0.70/$0.73. Any weakness during consolidation may find immediate support at $0.585/$0.58 and strong support at $0.56/$0.55.Exit if $0.535 is violated.( 20/05) #

Happy Trading and Good Night..

Posted by Gji Gan > 2014-05-22 23:04 | Report Abuse

Thanks matrixcool, really hard to make decision now =(

Posted by matrixcool > 2014-05-22 23:12 | Report Abuse

Gji Gan , ya it is the hardest part of trading when it comes to selling. I know i had been there before. Now i just execute my plan accordingly without emotions of Greed, Hope,Ego and Fear.

Once you master these 4 factors, you will be Ok in the market.

Remember, we win some and we lose some, important is to minimize our losses and try to ride on the winner as long as we can to maximize our profits.

Example HEVEA, yesterday my Trailing Stop was at $1.43 and today I raise it to $1.47 after it broke above $1.50.

Happy Trading and Good Night..

Posted by Gji Gan > 2014-05-22 23:33 | Report Abuse

I will learn from my mistake and always remember ur worda, thanks alot matrixcool, u are really a kind man ,goodnight=)

Posted by ProfitMan > 2014-05-23 00:20 | Report Abuse

livermore - Destini:

The double tweezer bottom signaled a bullish reversal trend. Attempted another run up after the brief consolidation period but came under selling pressure today. Need to clear immediate resistance at 0.67. Major resistance = 0.705. Immediate support is at 0.585. Next support is at 0.54.

Posted by ProfitMan > 2014-05-23 01:09 | Report Abuse

angie80 - Westport:

Broke out of the 2.56 resistance on 6/5 with volume. After touching a high of 2.91 on 12/5, it came under profit taking as is normal for a share with a lot of overhang. The hammer formed on 22/5 potentially means that the bearish undertone could be over but we need to look at the following day's pattern to confirm this.

Immediate support = 2.65/2.67 (gap support) ; Strong support at 2.55
Resistance 1 = 2.80 ; Resistance 2 = 2.91
You may want to exit if 2.65 is broken through.

Posted by thor88 > 2014-05-23 06:09 | Report Abuse

stay_foolish

Thanks

Posted by novice8 > 2014-05-23 07:33 | Report Abuse

morning tcb! care to share what do you think of caely pls? tq!!

Posted by sephiroth > 2014-05-23 09:11 | Report Abuse

as expected amprop spike up to 1.12 as of now, 1.30 coming next week

Posted by novice8 > 2014-05-23 09:17 | Report Abuse

Sepi!! Tq for sharing AMPROP!!!

Posted by sephiroth > 2014-05-23 09:21 | Report Abuse

no prob novice, in fact i recommended to buy 4 days ago at 0.95-0.96

Posted by sephiroth > May 19, 2014 04:10 PM

no prob matrix, dear TCB, just to note amprop will explode soon due to profit of 149m from the sale of kesas, there's a slight chance of special dividend

Posted by ProfitMan > 2014-05-23 09:25 | Report Abuse

novice8 - Caely:

Broke out from resistance of 0.545 with above MA30 volume. Should be testing the next resistance at 0.59. Immediate support = 0.52.

Posted by ProfitMan > 2014-05-23 09:27 | Report Abuse

sephi - congrats on Amprop. You did it again. Very good call.

Posted by sephiroth > 2014-05-23 09:33 | Report Abuse

thanks profitman, i usually chase for downtrend fa stock, traders go for uptrending stock

Posted by matrixcool > 2014-05-23 09:42 | Report Abuse

sephiroth, well done !!

First they ignore you, then they laugh at you..
Now they know who is the winner..

Congratulation and do come and visit us more often with some good FA counters..

Happy Trading..

Posted by tonylim > 2014-05-23 09:48 | Report Abuse

Seph always a winner.
Keep it up