Posted by tonylim > 2014-05-23 09:49 | Report Abuse

Morning matrix

Posted by matrixcool > 2014-05-23 10:32 | Report Abuse

tonylim, hi and agree with you..

sephiroth has been picking many winning stocks base on FA..
My salute to him for his hard works and patient..
How about you, what stocks are you in?

Happy trading..

Posted by FAST_5 > 2014-05-23 11:09 | Report Abuse

Dear TCB, many people got different trading strategies. What is your strategy. Buy at resistance level with volume?

Posted by rooster57 > 2014-05-23 11:13 | Report Abuse

Dear TCB, will be very much appreciated if you can highlight on WTK?
TQ.

Posted by FAST_5 > 2014-05-23 11:57 | Report Abuse

My readings for WTK, in overbought area with outgoing money flow. Will consolidate further between support and resistance (Support 1.28/1.32 & Resistance at 1.44/1.46)

Posted by ProfitMan > 2014-05-23 12:38 | Report Abuse

Fast_5 - thanks.

rooster57 - Fast_5 is right, it is in consolidation mode.

Posted by livermore > 2014-05-23 12:43 | Report Abuse

Thanks profitman for info on destini.

Posted by ck > 2014-05-23 12:43 | Report Abuse

Dear TCB,

Any comment on iris. tq

Posted by livermore > 2014-05-23 12:51 | Report Abuse

Dear TCB,

Appreciate if you could comment on bjauto.thanks.

Posted by matrixcool > 2014-05-23 12:54 | Report Abuse

FAST_5, you are right everyone buy stock with different trading strategies, even TCB we trade differently. I can only speak for myself here.

The only right time for me to buy a stock if the Rewards/Risk ratio >1.5 min then I will enter a trade, and I must be able to identify a ‘Strong Support” which if violated will be my Stop Loss level. I will only “Scale In” more share if the stock breaks its Strong resistance with volume.

profitMan, , FAST_5. thanks for the inputs on WTK.

rooster57

WTK—Very Bullish stage 2 of the cycle on the weekly chart, need to clear the strong resistance at $1.49 to try next target of $1.57 in mid-term. On daily chart, it is forming Symmetrical Triangle and trading inside the triangle at the moment between $1.34 -$1.43. The Symmetrical Triangle is normally followed by continuation of the trend that preceded it which in the case of WTK has Bullish implication. Still, the direction of the breakout of the Triangle is the most important factor that determine its future direction.A break above $1.44 with volume signal breakout ( also BUY signal) to take it to the target I mentioned and beyond.For short term trader you may want to exit if $1.32 is violated with volume.

Happy Trading..

Posted by kheng > 2014-05-23 12:58 | Report Abuse

Dear TCB, Plis read me Mitra's chart. Thks in advance.

Posted by noisyboy > 2014-05-23 13:53 | Report Abuse

dear TCB, appreciate if you could read LCTH's chart

Posted by novice8 > 2014-05-23 15:33 | Report Abuse

Tq Profitman on Caely!!

Posted by lfctrade > 2014-05-23 15:39 | Report Abuse

Dear TCB, can you please check on Mitra?
Thank you

Posted by Dino Limo > 2014-05-23 15:52 | Report Abuse

Hi, can check for me mmode? trhanks ^.^

Posted by matrixcool > 2014-05-23 15:52 | Report Abuse

livermore ,kheng ,noisyboy ,lfctrade

TCB will look at the charts you requested over the weekend.

Have a nice weekend..

Posted by wokan > 2014-05-23 16:05 | Report Abuse

Livermore, BJAUTO Fri chart reading:
Downtrend and look like going to form Doji undecisive today (if close at 2.03) with strong support at 2.02/2.00 to be tested and offer opportunity to collect for future play.

Any rebound will need to likely need to clear resistance 2.14 before moving further upwards.

Posted by Joyous > 2014-05-23 16:09 | Report Abuse

Hello TCEer, can help on amprop please? Thanks

Posted by wokan > 2014-05-23 16:14 | Report Abuse

lfctrade, mitra chart shows downtrend with 1st level support at 0.83.
If support breaks, next level strong support would be at 0.77/0.78 and offer opportunity to collect for further rebound play.

Thanks.

Posted by cathyee > 2014-05-23 17:12 | Report Abuse

Hi, TCB, may i know about 1Utopia? can i go in ?

Posted by kent_86 > 2014-05-23 18:28 | Report Abuse

1Utopia MD is disposing his owns shares, better wait and see although its tempting to go in

Posted by ProfitMan > 2014-05-23 18:36 | Report Abuse

ck - Iris:

Immediate Support: 0.40
Immediate resistance = 0.435

Consolidating in a rectangle. If break 0.435, will test its next resistance at 0.51 while a break below 0.40 will see it trend lower towards 0.325. It is in the correction phase.

Posted by ProfitMan > 2014-05-23 19:08 | Report Abuse

cathyee - 1Utopia (0140):

Broke through its support at 0.075 on 28/4 and is trending towards its next support level at 0.045. If you are thinking of going in, there are a few points to consider.
1) your acceptable downside risk given that the closing price today is at 0.055 and the potential downside is another 1sen, if it settles at the 0.045 support level, assuming this is a strong support level.
2) Usually I wait for trend reversal signals.
3) Is the SMA 15d above SMA 30d and SMA 100d. Otherwise, you may have to hold on to the stock for a long period of time unless you are in possession of some inside information. Which raises another question - what is your acceptable holding period.

Immediate resistance = 0.07 ; Resistance 2 = 0.095.

Different individuals have different criteria and methods, and this is just only my way of looking at things. Hope this helps.

Kent_86 is right. (thanks for the info Kent_86) If the directors are selling off, you may want to monitor first. And it raises another question, i.e. why is the MD disposing.

Posted by ProfitMan > 2014-05-23 19:24 | Report Abuse

noisyboy - LCTH:

On a bullish phase. Broke out with a gap up on 10/4 and hit the year's high, 0.305 on 8/5. Came under profit taking and is now consolidating. The selling momentum is slowing. Need to clear 0.29 strongly on higher volume to scale new highs.

Support 1 = 0.245 ; Support 2 = 0.22
Resistance 1 = 0.305

Posted by Bravo > 2014-05-23 20:41 | Report Abuse

Dear TCB,

How is the chart of Amcorp property? =)

Posted by summer_day > 2014-05-23 21:07 | Report Abuse

Dear TCB,

Can you assist on SBCCORP? Thx in advance!

Posted by tcyee > 2014-05-24 05:55 | Report Abuse

Dear TCB,kindly analyse charts of ASTRO and comment . TQ

Posted by ProfitMan > 2014-05-24 10:14 | Report Abuse

summer_day - SBCCORP:

Earlier analysis by SF as at 30/4:

SBCCORP (by SF)- Summary: Support (S)=> S1 = 2.14 ; S2 = 2.01 ; S3 = 1.87

Update analysis on 11/5:

Summary: Broke support at 2.14, trended down to a low of 2.12, tested and found support at 2.06. Potential price shift with decreasing selling pressures. Not a buy signal. Need to take out the resistance at 2.26/2.27 and in the process will also take out the engulfing bear on 5/5. Immediate support = 2.06. If you are bottom fishing, please set your stop loss price in case the trade turns against you.

Update analysis on 15/5:

Managed to break the resistance of 2.26/2.27 on 14/5 but not convincingly. Still testing to break the resistance.

Update analysis on 24/5:
Unable to break resistance successfully. Support level at 2.06 is holding well so far. Inverted hammer on 23/5 indicates a potential shift to an upward movement but it is not a buy signal. Need to track subsequent pattern for confirmation. On the larger picture, the stock is in a correction phase.

Posted by inwest88 > 2014-05-24 15:50 | Report Abuse

I would say TCB is doing a great job since its inception. Whilst it actually stands for Technical Code Breaker, it is The Complete Barometer for all chart readings.

Posted by livermore > 2014-05-24 15:57 | Report Abuse

Thanks wokan on bjauto....happy weekend TCB

Posted by matrixcool > 2014-05-24 16:14 | Report Abuse

inwest88—Thanks for the kind words..It is nice that traders appreciate our works and we are here to share and learn together. We promise to do our best to help those that need TA on their stocks whenever we are free to do so.

Livermore,

BJAUTO—Thanks wokan for your inputs. For a longer time frame will like to add the following notes:

Very Bullish and stage 2 of the cycle on weekly chart. It is forming Flagpole pattern which has bullish implication in mid term.
On Daily chart, what wokan said is correct but due to very long period of consolidation from high of $2.27 on 09/04 until now, the Flagpole pattern is developing into a “Descending Triangle” which has bearish implication. (The trend normally follows the slope of the Triangle). But with any triangle the breakout from a triangle formation is more important than the type. For short term traders you may want to exit if $2.00 is broken with volume. Likewise, if break above $2.13 with volume signal BUY as it breakout from the triangle signal more upward movement.

Have a nice weekend.

Posted by elfiehew > 2014-05-24 22:19 | Report Abuse

I have bought some Tropicana wa. Pls advise TA. Thanks

Posted by matrixcool > 2014-05-25 15:58 | Report Abuse

elfiehew

TROPICANA-WA—After hitting a high of $0.835 on 02/04 and formed a long legged Doji on top which imply some consolidation to begin. It is under consolidation and the big pull back to recent low of $0.65 must have shaken out lots of traders. The new bottom of $0.65 holds for the past 3 days and may form the new base for it to rebound. Any rebound should find immediate resistance at $0.69 and strong resistance at $0.72/$0.73 which is the gap resistance formed on 12/05. I am not sure what price you bought in but be concerned if $0.65 is violated as the next meaningful support is at $0.60. As the counter is still bearish if you are bottom fishing do exit if $0.60 is violated .

Hope this help.

Posted by inwest88 > 2014-05-25 16:14 | Report Abuse

T - a Transparent blog with matrixcool declaring his sales and purchases transactions before and immediately after they have been performed

C - run by a Competent team comprising matrixcool, Profitman etc for the benefit of all forumers

B - the Best thread in i3, I would say, with TA supported by realistic chart readings, comments and advice.

Posted by Linabee > 2014-05-25 16:20 | Report Abuse

Ya. This is the best thread in klse.i3. Thanks TCB team. Pls pls pls keep it up!

Posted by humble_bee > 2014-05-25 16:54 | Report Abuse

Keep up the good job of sharing! Thanks to Matrixcool, sf, profitman and those who contributed to this thread....

Posted by tsy88 > 2014-05-25 17:02 | Report Abuse

Dear TCB - can u pls comment on Faber? Is it in unchartered territory n a buy at current lvl?

Posted by tsy88 > 2014-05-25 17:18 | Report Abuse

Inwest88 -fully agree with u on TCB thread. Provides excellent TA n insight n comprehensive advice which u can hardly find elsewhere.

Posted by zu1967 > 2014-05-25 20:22 | Report Abuse

Very good forum indeed. Keep it up guys

Posted by matrixcool > 2014-05-25 20:24 | Report Abuse

Thanks everyone for the kind words, We really appreciate it. We promise to do our best to help those that need TA on their stocks.

tcyee

ASTRO—Very bullish stage 2 of the cycle, break out from round bottom formation on the weekly chart which carry an estimated target of $3.70 in mid term.
On Daily chart, breakout from Ascending triangle at $3.40 on 19/05 with volume, which has an immediate target of $ $3.60/$3.64. After the breakout the support of $3.40(Resistance turns support) was tested a few times and last Friday it closed at $3.50 confirm the support of $3.40 holds.It is expected to test the target I mentioned. Any weakness due to overbought position offer buying opportunity for future play.
Congratulation you are on a winner and to trade counter at stage 2 cycle, we would recommend you set a trailing stop just in case there is a big pullback.

Hope this help.

Posted by livermore > 2014-05-25 20:34 | Report Abuse

Thanks matrixcool for further notes on bjauto. TCB rocks

Posted by Lz Lee Weiping > 2014-05-25 21:29 | Report Abuse

Dear TCB,
i would like to know that is it IGBREIT shows the chart pattern of double bottom?
thanks

Posted by angie80 > 2014-05-25 21:31 | Report Abuse

Thanks TCB for the help on westport!

Could TCB to help out on the chart of insas and d&o? thanks!

Posted by stay_foolish > 2014-05-25 23:44 | Report Abuse

AMPROP

It is a very bullish trend. The price on 23/5 shown a big gap up around 10%. I assume the quarter result is very good. however, the price is open high closed low. We need to see the confirmation candle tomorrow whether it is a morning star (price go down) or sideways. Mostly the trend will be sideways. The reistance is 1.13 once break 1.13 with volume , it will go to uncharted teorotery. The support 1 is 1.06. If there is a huge sell down ( I assume wont ), the price will test the 0.99 support 2.

Posted by stay_foolish > 2014-05-25 23:44 | Report Abuse

Mitra

It looked like a parabolic reversal after an uptrend to me. Meaning that the price will adjust downward to test support 1- 0.82 and if there is a huge sell down might test 0.775. The major resistance line is in 0.935. RSI is show going downward and oversold.

Posted by stay_foolish > 2014-05-25 23:44 | Report Abuse

IGBREIT

The trend is very bearish. The chart pattern is having Bearish (rising) flag in a down trend. So I expect the price will adjust soon. The support line 1 is 1.16 and support 2 is 1.12. The resistance 1 is 1.2 and resistance 2 is 1.25. The MACD and RSI are moving downward. The price is under MA 200 as well. So most likely the down trend will continue. However, if you are entered this stock for dividend yield, that is another saying. DY is Annual Dividend per share divided by Price per share. So the price goes down, the DY is higher. You wil get more DY. In this thread, we are more focus on tenical analysis here. So still depend on your trading style :)

Posted by stay_foolish > 2014-05-25 23:45 | Report Abuse

Faber

It is a very bullish trend. It has been trading in bullish(raising) flag in an up trend. Based on the chart history, after the price break through up high. the price will adjust downward abit before fly again. Same goes to recent price. On 20/05, a hammer formed which indicate the support level 1 at 3.06 and support level 2 at 2.98. The volume on 23/5 is higher than the volume on 19/5 which the last new high. So i expect the price tomorrow will go up tommorow and break the resistance 1- 3.22 and test 3.29. If you are in the stock, congrats for the winning trade. If you havent in the stock, can consider to buy on dips.

Posted by tsy88 > 2014-05-26 00:22 | Report Abuse

Stay foolish - tqvm 4 info on Faber. Wl buy on pullback.

Posted by ck > 2014-05-26 08:39 | Report Abuse

Morning TCB,

Kindly please help to check on frontken. thank you.

Posted by Bayam79 > 2014-05-26 08:54 | Report Abuse

Good morning TCB..what is stock pick for this week?