"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 .
Hi cityplus, firstly, my regret for the delay in responding to your request. SMRT: Bullish when broke and closed above $0.825 today but the volume is not convincing (below 30days volume MA). Hence, need to monitor the next day price movement and volume transacted to validate its bullishness. The immediate resistance is at $0.845 and $0.875 before it can scale higher to re-test its previous all-time high at $0.945. Further weakness will find support at $0.78 and $0.75 respectively. Stop loss if $0.745 is violated. SMRT-WA: Bullish when broke and closed above $0.64 today but similarly to the mother share, the volume is also not convincing (just above 30days volume MA). Hence, need to monitor the next day price movement and volume transacted to validate its bullishness. The immediate resistance is at $0.68 and $0.70 before it can scale higher to re-test its previous all-time high at $0.745. Further weakness will find support at $0.60 and $0.585 respectively. Stop loss if $0.58 is violated.
dear duitKWSPkita,we trade based only on TA and none of us knew who are the buyers and sellers.We can notice fresh buying patterns this morning and collection ystr even broad mrkt sentiment seems to be struggling based on bid patterns and TA. Happy Trading.
Dunknow-KGB KGB is at oversold position and down trending at this junture. If you are looking for bottom fising, watch out for momentum accompany with volume. It has stabilized at its strong support of 0.41. If the 0.41 supports are broken the next support will be 0.395.Reversal of this stock will bring it to a resistance of 0.43,0.435 and 0.45 level. A stop loss if 0.395 is triggered. Happy trading.
Hi ck, firstly, my regrets for the delay in responding to your request. BINTAI: Since reaching the high at $0.475 on 18/06, it started to consolidate in a descending triangle. Strong support is at $0.36. Current immediate resistance is at $0.38 and $0.39 respectively. A break above the resistance (downtrend) line (at $0.405 today and dropping in following days) with volume would have a bullish implication (buy signal). Stop loss if $0.34 is violated. IREKA: Since reaching the high at $0.73 on 12/08, it started to consolidate in a descending triangle. Strong support is at $0.64. A break above the resistance (downtrend) line (at $0.685 today and dropping in following days) with volume would have a bullish implication (buy signal) but will find immediate resistance at $0.69 and $0.72 before able to scale higher. Stop loss if $0.62 is violated.
Dunknow-Armada Candlesticks formed tweezers Bottom pattern, suggesting impending reversal signal as sghare prices are grossly at oversold position. Moreover, reading from daily oscillators indicates that share's downside is losing momentum, implying imminent rebound in near term.Share prices are likely to move higher towards 3.15 and 3.24, with a mid term objective of 3.34. Immediate supports are at 2.99 and 2.94. A stop loss if 2.94 if triggered. Happy trading.
duitKWSPkita - You have posed a very tough question to us which we do not have the answer. Yoda is right. We do not have access to such information and neither do we know when or how the price will trend up. But we do know from TA that once Tekseng breaks out from its flag formation by taking out its resistance at 0.60 accompanied with high volume, it will be bullish.
Hi summer_day, firstly, my regrets for the delay in responding to your request. SONA: Bro Yoda88 has posted on Sona before and I will update as follows: Aug 22, 2014 12:06 AM pvd-investor- Sona Another interesting spac company which cannot reveal much till the QA has been approved by the SC. Not looking into FA of this stock but chart wise is downtrending and at an oversold position. If you are going for bottom fishing, set a stop loss. Supports can be found at 0.49 and 0.48. A stop loss if 0.47 is triggered. Since it’s at oversold situation any reversal might bring sona scaling back to a resistance of 0.51 and 0.53. It needs to break the band at 0.55 level for it to scale higher.
Update (04/09): Has continue to pull back broken below the $0.49 and $0.48 support lines. Currently, seems to have found a temporary support at $0.475. Further weakness will find good support at $0.47 and $0.46 respectively. Any price reversal will find immediate resistance at $0.515 and $0.535 before it can scale higher to re-test $0.58. Stop loss if $0.455 is violated.
Hi good evening to all TCB sifu here. I'm a silent reader for this thread, today check in here to give million thanks to all TCB sifu, I'm also the one who make profit from Tekseng. Really appreciate & thumb up to all sifu here, salute :D
Sideways trading in a rectangle pattern. Resistance is at 1.08/1.09 while support is at 1.02. Volume is low and it is expected to trade within this range unless there is some catalyst to attract interest onto this stock.
Under consolidation. Currently trading between 0.25 and 0.285. Should have strong support at 0.23 while resistance is located at 0.295. You may want to track its mother share for a better indication on the direction of this stock.
Bearish in a descending triangle. Temporarily found a support base at 1.50. If broken, will head towards 1.38. Need to break 1.60 resistance for a possible price reversal. However, it is not out of the woods yet. You may want to consider a stop loss at 1.48.
Sorry for the late reply. Long Holiday hahaha. hope you dont mind.
BIMB-WA
Stage 4 of Market Cycle which is very bearish. Retraced more than 80% which has Bearish Implication. Next support will be $0.585. A break below $0.585 will find strong support at $0.565. Cut if 0.565 is violated. Any Technical Rebound may find resistance 1 at $0.625 (support become resistance) and resistance 2 at $0.655.
Stage 3 of Market Cycle-Distribution which the price can be volatile. May find a new base at $1.75 and it is expected to trade between $1.75 and $1.86. RSI do show some accumulation is taking place. If break below $1.75 with volume may formed A Descending Triangle which has Bearish Implication. Cut loss if 1.70 is violated.
Sorry for late reply. Just got back from vacation :)
MUH
Weekly Chart- Stage 2 of Market Cycle which is very Bullish. After hitting high at $1.39 on 22/8, it is now under healthy consolidation with reduced volume with the range of $1.12 and $1.39.
Daily Chart- It is expected to trade between $1.19 and $1.29 in short term. If break below 1.19, it may find $1.12/$1.14 as strong support. If break above $1.29, may further test previous high at $1.39. A break above $1.39 may Trend Reversal into Uncharted Territory.
Stage 3 of Market Cycle- Distribution which the price can be volatile. After hitting high at $1.07, it formed Spinning Top on 23/07 and the price adjusted since then. It is expected to trade between $0.925 and $0.95 in near term. A break below $0.925 may find $0.91 as Strong Support. Cut loss if $0.91 is violated. A break above $0.95 may test resistance 1 at $0.98 and resistance 2 at $1.02. Need to break above $1.07 to Trend Reversal.
Hi teyl333, EFORCE: After a big pull back from the high of $0.815 to the low of $0.635, it started to consolidate in a range between the support line at $0.635 and resistance line at $0.705. Breaking above $0.705 with volume will be bullish and bring it to an estimated TP of $0.775. But it will first find immediate resistance at $0.72 following with a strong resistance at $0.73 before it can scale further up. Breaking below the strong support at $0.635 due to further weakness will find next support at $0.625. Stop loss if $0.62 is violated.
Hi chiam4192, SCICOM: It went to a low of $1.30 on 03/09 after some correction since 27/08 and formed a bottom hammer. Price reversed and moved to a new high at $1.45 but closed at $1.42 yesterday. A break above $1.43 is needed for a bullish implication (buy signal) but it needs to stay above this price. The breakout took place today and should be moving towards an estimated TP of $1.50/$1.56 and beyond. However, please note that there is a Price/RSI bearish divergence. So, do set trailing stop to protect your capital/profit in case of any pull back. Any weakness and the price retraces will find immediate strong support at $1.43 follow by $1.30.
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 .