"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 .
tsy88 - yesterday was my off day but went out half a day but still managed to so some trades. Af I am at the house I can do more than 10 trades a day - very common. With the Dow up< I reckon the local market should be able to continue its fine run.
Ho Hup is not so much for trading. I bought it when it was and stagnated at about the 1.33 / 1.34 level. Sold half at 1.53. Looking forward to buy back but have to keep for medium term. They have a lot of viable projects on hand.
As there are still quite a number of counters on hand, will trade less today. IW City has broken out and poised to move further but again not for trading. Some counters will not allow contra players to make money. GMutual looks okay.
Will be selling my Ijacobs upon listing today Hopefully can fetch a good price. Nihsin (mentioned several times) also broke through. Will see how it goes before deciding to lock in profits. Would be selling the balance of EAH as I reckon 20 sen is a fair value although the announcement is not out. Been told to keep PDZ (not my pick) for a while so keeping the other 50%.
Have a pleasant and profitable trading day. Need to go for marketing and back to see the screen for 15 to 20 minutes before off to work.
Inwest88 - good morning. Yeah, Nihsin hit another new high and so does Leesk. Ksl practically up every day. Pmtech despite being queried also new high and so many others, the list goes on. Gmutual has only recently started moving up again.
You have a profitable day with quick fun trades, etc.
Thank you so much, profitman for your reply. Well noted.
Posted by profitman > Aug 19, 2014 12:03 AM | Report Abuse
winwinborn - Latitud:
Chart wise, it is bullish since the gap up on 7/8. If it clears its immediate resistance at 3.43, it will be heading towards its TP1 of 3.55 and subsequent TP2 at 3.63.
Columbo, thanks for the dissecting its annual report and in providing an insight into its cash position as it does look impressive from the outset with a positive cash flow and cash and cash equivalent position. Appreciate your effort.
annie24 - we do not advise when to buy or sell. Ijacob has support at 0.64 and resistance of 0.725 is for the moment a tough nut to crack although it did touched 0.745 today. Basically, if you are happy with the profits that you have on hand, you may want to lock it in. Money in the pocket is better than money outside the pocket. Besides, you will never be able to sell at the highest nor will you be able to buy at the lowest.
Posted by annie24 > Aug 19, 2014 08:03 AM | Report Abuse Ijacobs... what price shall we sell it at? Your view pls
Hi TCB, I would like to ask a question. I used to think if mother up son will follow and if mother down son will follow too. May I know why will mother n son go different direction where by mother up but son down? Thanks
My Dearest TCB from the way PMBTECH moved today, do you think it is temporary on consolidation or breather?? if yes then what are it support and resistance levels?? what are the good entry levels? thanks TCB
Posted by stay_foolish > Aug 19, 2014 01:42 AM | Report Abuse
Dunknow
pmbtech
Sorry for the late reply.
PMBTECH
Stage 2 of Market Cycle- Very Bullish. On 14/8,it break above $1.20 and entered into Uncharted Territory. Formed Spinning Top on 18/08 which may indicate further consolidate between $1.64 and $1.94. Any weakness due to overbought or profit taking may find $1.64 as immediate support and $1.57 is stronger support. If break above $1.94 may test TP 1 at $2/ $2.10. Congrats if you are one of the winner of it. Do remember to set Trailing Stop Loss to prevent it turns against you.
FYI, UMA does not affect much on the share price.
Happy Trading
HERE I FOUND SOMETHING ON PMBTECH,,COMMENT FROM STAY_FOOLISH...POSTED TODAY AT 1.42 PM
tsy88 - just back from a Raya Open House. despite busy in the office today, managed to clear a few stocks. EAH, PDZ, Ijacobs, Nihsin, Symlife WA, OCNCash (with gains) and cut Ecofisrt with a 1 sen loss. Bought some AAX CL
I reckon the market is "too hot" at the moment with the focus on penny stocks and with a massive volume. Thus I reckon it has to take a pause. Thus I will not only reduce my trading positions but also take the opportunity to lock in profits for the "medium term hold" stocks like Gadang, Fitters, GHL, Ho Hup, Amprop etc whilst keeping the blue chips.
saif bahar - LCTH already break the uptrend trend line now it's in correction mode. Have a support level of 0.32 and 0.30. Resistance level of 0.335 and 0.355. In the current condition it seems that it will re-test its support level at 0.32, if it is broke it will further re-test 0.30 support level. Stop-loss at 0.29
Ayamtua - EAH Stage 2, bullish. Immediate support at 0.18, next support at 0.165. Resistance level at 0.195. Today it sell down, looks like it's going to take a breath, and undergo some correction before proceeding forward. Trailing-stop/Stop-loss at 0.158. TP 0.21/0.22.
Dlyc - SAPRES Stage 3. Distributive stage. Consolidate between 1.1 and 1.05. Support level of 1.05 and 1.07. Immediate resistance of 1.1 and resistance level of 1.12. To be bullish it must breakout from 1.12 and maintain above it. Stop-loss if 1.05 is violated.
ayamtua-Glotec Glotec is trading sideways with an overbought situation but judging on the market sentiment on penny stocks, the momentum could be substantial and convincingly with significant volume it will be still on a bullish momentum. Should keep an eye for volume and price movemnt. Resistance can be found at 0.105 and a break the band at 0.118 could bring it further to 0.13 level.Immediate supports are at 0.09 and 0.85. A stop loss if 0.08 is triggered. Happy trading.
ayamtua-Frontkn Frontkn share prices are likely to resume its uptrend as its strong volume on a T4 today.Daily and weekly oscillators are on a positive region.Further upside targets are located at 0.19,0.20 and 0.215. , with long term objective of 0.24. Supports are situated near 0.18 and 0.17 territory. A stop loss if 0.17 is violated. Happy trading.
Joyous - Yes, you are right. Usually the warrant tracks its mother share. The scenario that you described is probably the exception rather than the norm. A possible explanation may have to do with the warrant's expiry date. Aside from that, any divergence in both the prices could be temporary in nature.
Sorry for late reply. Congrats on all your gains that you locked in. Yeah, volume recorded highest so far! Spells danger! If I am not mistaken, there were 2 ocassions when volume swelled over 4 billion for 2 consecutive days and thereafter, market had a massive correction. Having said that, there is still a lot of rotational play centered now on penny stocks.
Ideal was issued with UMA at 11.49am and tumbled to low of 63!
Bought Keladi at 44.5 on Matrixcool's FIFO alert. Yet to clear.
Inwest88 - good morning. Bones' latest write up is BJAsset. Potential limit up target. When he commented on Ipmuda and said it could hit limit up, it really went limit up next day. Definitely gap up above 1.00 today.
lazy to read bone blog...he use to buy at low, post up the blog & throw to u guys next day with gap up...busuk busuk earning at least a few K for every counter
Did you buy ILB beside Keladi in my FIFO? ILB almost hit my target of $1.07 after i first posted at $0.95.
Ya, it is hard to trade Bone counters,I personally prefer Alpha Trader blog because his counters once posted are always moving up at a pace we traders can benefit.Most of my mailing list friends benefited from the counters he posted. The latest being Samudra and SNTORIA. Please visit his blog at:
tsy88 - good morning ! have to be really selective but then again even though the market is bad there are bound to be some counters moving up. Yes I know about AAX results as mentioned by rchi but from a high of 15 sen a few days ago the current price would have factored all the negatives in. Most counters have gone too high and thus will only look at the screen in the first 15 to 20 minutes to decide if there are any counters worth trading. You have a pleasant and productive day ya !
tsy88 - like matrix says, not easy to trade Bones' picks. If you were to noticed, one day before Bones; picks comes out there is a surge in volume of that counter which means some people have already gone in and when it gaps up in the next morning most of them are ready to clear to make handsome profits. Those going in the next can hardly gain. Just my opinion.
inwest88, you are welcome and thanks to you for choosing many good stocks to trade and share in TCB.Appreciate it ! I have been trading Alpha Trader blog stocks since he first emerged lately, I must say those stocks really move in the way very suitable for traders like me.
Matrixcool - good morning. Did not enter Ilb as I do not like this stock. Lost before on this counter thus dare not touch it. I have keyed in to sell Keladi at 49. Will adjust if it cant reach that level. Thanks so much for your concern. Really appreciate and also for the Fifo alert. Happy trading to all,
Inwest88/Matrixcool - agree on Bones' recommended stocks. Alpha Trader's stocks write-ups are really spot on and also surges. No chance to enter Bones' at all.
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 .