"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 .
# brendonyeap > Sep 7, Matrix : can u comment about Amprop? Thanks #
AMPROP—Very Bullish stage 2 of the cycle. It has found a temporary top at $1.50 and a break above will take it to uncharted territory with next target estimated at $1.57/$1.60. Any weakness should find support at $1.43/$1.40. A break below $1.40 shows weakness as the next meaningful support is at $1.36/$1.34. For stage 2 counters, TCB always encourages traders to set a Trailing Stop to protect your profits in case there is Big Pullback.
On weekly chart, it formed an evening star, an indication of consolidation setting in. It went into consolidation as expected and found support at 0.145/0.15. Expected to have strong support at 0.14. The critical resistance to break is located at 0.185. If broken successfully, it will continue its up swing in price.
Currently consolidating under the bearish harami of 4/9. Good support at 0.29 with strong resistance at 0.325. If it can sustain its price above 0.295 and scale higher from here, then it would have successfully broken out from its round bottom trading pattern and will re-test its high of 0.40. If the 0.29 support is broken, it should have good support further back at 0.27.
Under consolidation after hitting a high of 0.48. The bullish engulfing candle formed on 5/9 suggest sellers exhaustion. Support levels are at 0.375/0.38, a strong support level and 0.355. Currently facing immediate resistance at 0.41. If surpassed, will face key resistance at 0.435 before attempting to break 0.48 again. It is trading with a price/acc.dist vol divergence suggesting some accumulation in the stock is taking place.
Hovid-wb:
As always, the warrant follows a similar trading pattern to its mother's share. Support levels are at 0.225 and 0.185 while resistance levels are at 0.26/0.265 and 0.30.
Tsy88 good morning. YGL reversed it's trend on Friday. Sold dnex for 3.5 sen gain and also samudra wa (in Friday at 22/22.5). Holding on to teoseng and Goodway bought last week. Watching leweko and carepls . Happy trading
Dear TCB,many thanks for TEKSENG. I just sold and make big profits. Can look at SKPETRO for me ? Thanks to Bro matrixcool too for the email alert. Thanks
Please remember that all indicators have their draw backs as well and we usually use indicators to complement one another and not as a stand alone indicator. Happy reading.
Stage 4 of Market Cycle- very bearish. After hitting high at $0.745 on 09/07, it dropped almost 50%. The support at $0.48 looked frail and may further test support 1 at $0.445 and strong support 2 at $0.42. Any technical rebound may test support 1 at $0.505 and support 2 at $0.525.
Stage 3 of Market Cycle- Distribution which the price can be volatile. Need to break above $0.39 to confirm Double Bottom Breakout which implies Bullish. If able to breakout, it wil test TP 1 at $0.505 and TP 2 at $0.555. If $0.33 is able to hold, it will re-test $0.365 and test the Strong Resistance at $0.39. A break below 0.33 may find strong support at $0.29/$0.3. For Short Term Trader, may want to cut loss if 0.29 is violated. For Medium Term Trader, may want to cut loss if 0.275 is violated.
Hi Lottolearn, I believe Skpetro still remain the same situation. And congrats on your Big Profit on Tekseng. More to come !! Do check out our blog too Do check out our latest posting at http://tcb-sifs.blogspot.com/
I posted on Aug 25, 2014 11:53 PM
Skpetro
In Weekly chart- Stage 3 of Market Cycle-Distribution which the price can be volatile. Formed a Symmetrical Triangle which has bullish implication. Immediate downtrend line now is at 4.65. If break above 4.65, there is a major trend reversal
In Daily chart- The price is expected to consolidate btw $4.21 and $4.4. Break above $4.4 may test $4.52. A break below may test strong support at $4.1
sunflower22-Barakah Weekly and daily charts technically is downtrending.Reading from all oscillators shows that share prices are gaining bearish momentum at accelerating velocity. Major supports are located at 1.42.1.40 and 1.35.Watch out for volume and reversal signals if you're going for bottom fishing.Please check out the fundamental too.A reversal will bring the price to 1.45,1.48 and 1.52 level.A stop loss if 1.35 is violated. Happy trading.
Hi tsy88/mdkrzy, EFFICEN: Weekly chart (midterm) – bullish after broken above $0.23 with good volume. However, it formed a top doji with extended upper shadow this week which may have a bearish implication. Also note that Price/RSI started to form a slight bearish divergence. Its following price movement needs to be monitored to confirm whether there will be a Price Reversal. Daily chart (short-term) – bullish after broken above $0.255 with a gap up on 02/09 and has continued to scale upward. Currently it is under some correction which is usually a good sign before scaling further up. However, top doji with extended upper shadow has been formed for the last 2 trading days showing sign of potential bearish top reversal. Also note that there is a slight Price/RSI bearish divergence formed since 02/09. So, do monitor the price movement in the next 2 trading days to determine the validity of any bearish implication. It is bullish so long the uptrend line is not violated. The immediate resistance is $0.335 and $0.35 respectively before it able to scale higher to an estimate TP of $0.38. Any weakness due to overbought or further profit taking will find immediate support at $0.315 and $0.295. Stop loss at $0.29 if violated.
Happy Trading.
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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 .