Posted by matrixcool > 2014-05-26 09:52 | Report Abuse

Bayam79 , when we identify any new counter we will post it under Stock In Focus.

ck ,Yoda is covering Frontken for you.

Happy trading..

Posted by Bayam79 > 2014-05-26 10:14 | Report Abuse

Noted Mat..tq

Posted by matrixcool > 2014-05-26 10:34 | Report Abuse

angie80

INSAS—very bullish stage 2 of the cycle and forming FlagPole pattern on weekly chart, it is under consolidation inside the bullish flag pattern .Daily Chart—After hitting high of $1.36 on 03/04 forming a “Spinning Top” at the top imply some pull back which it did. It has found a new base at $1.18 and rebounded from this level on few occasions but failed to clear its previous top to carry on its upward movement. Immediate resistance adjusts to $1.26/$1.28, a break above this level signal breakout from its downtrend line and it should move to test its previous

Happy Trading..

Posted by oopstikus > 2014-05-26 10:43 | Report Abuse

anyone here can take a look at scicom? Thanks

Posted by matrixcool > 2014-05-26 11:16 | Report Abuse

Yoda, thanks for helping ck out on Frontkn.

Just a note to add: For more conservative traders you can also set stop loss if $0.11 is violated as Yoda mentioned the strong support is at $0.11.

Happy Trading..

Posted by yoda88 > 2014-05-26 11:18 | Report Abuse

Frontkn- a bearish harami formed last Friday. Despite the bearish signal signal, today's daily chart seems to hold steadily, if you have bought in ealier than hold on to your horses. Last few days volumes indicates strong accumualation frm 0.12 level.

R1 0.14, R2 0.145,if the strong resistance of 0.145 is broken one can anticipate that it will retest its high of 0.17.Supports at 0.125 and further support 0.11. A tight stop loss at 0.12.Failure to break resistance it may trade side ways.Happy Trading.

Posted by ck > 2014-05-26 11:19 | Report Abuse

thanks matrixcool n yoda88

Posted by Dino Limo > 2014-05-26 11:31 | Report Abuse

Hi, What about Mmode, barakah and Hovid?
barakah downtrend??
Mmode consolidating?
Hovid?

Thanks, ^.^ Still learning to read charts as effective as u guys.

Posted by ProfitMan > 2014-05-26 12:21 | Report Abuse

angie80 - D&O:

Gapped up with volume on 19/5 on a bullish mode but was unable to break the strong resistance at 0.38. Today it surpassed the 0.38 resistance and is re-testing its major resistance at 0.405 on high volume before scaling new highs.

Support = 0.32/0.33 (gap support)
Resistance = 0.405

Posted by matrixcool > 2014-05-26 12:43 | Report Abuse

Dino Limo--We know you just bought the metastock software.

Why don"t you read the charts of the 3 counters you mentioned and share with us. We will add notes if necessary and in that way it can speed up your learning progress in TA..

Happy trading..

Posted by ProfitMan > 2014-05-26 12:46 | Report Abuse

Dino Limo - Barakah:

It is consolidating down to its next support level at 1.58. It it doesn't hold, it will trend towards 1.51. Immediate resistance is at 1.70. I believe the Saudi project tender result will be out in June.

Posted by ProfitMan > 2014-05-26 13:11 | Report Abuse

Dino Limo - I think that was a very good idea by Matrix. We have to start somewhere and moreover, one of the key objective of this thread is for this to be a place where we share TA. There is really no right or wrong way to TA as different individuals interpret things differently just as different individuals trade differently. I still learn from the postings here like everyone else here.

Posted by yoda88 > 2014-05-26 14:17 | Report Abuse

Scicom close very bullish last Friday trying to breakaway frm the BB upper band.Momentum was rising and you have bought into it can hold for the mrkt sentiment to stabilized. Traders can take position if it holds above 1.08 level. A break out of the bullish penant will create a new high.

Resistance 1.12, 1.18 and mid term resistance 1.30
Support 0.995 and 0.95

Posted by yoda88 > 2014-05-26 14:27 | Report Abuse

Mmode close on a bullish pattern last Friday but unable to break the strong resistance of 0.70 level this morning due to weak mrkt sentiment. Trading strongly on the upper band and will scale higher if it manage to break away frm the BB upper band towards 0.73 and revisit its high of 0.765.Keep an eye towards the closing.

Support 0.635,0.57 with a tigth stop loss at 0.61

Posted by Joyous > 2014-05-26 15:05 | Report Abuse

Hello Yoda, any update on KTB? Is it in your watch list too?

Posted by yoda88 > 2014-05-26 15:43 | Report Abuse

Joyous
KTB is down trending at this junture due to weak mrkt sentiment. If you've bought ealier and did not lock in your profit, the next support will be 0.235 and further downwards to 0.22. Any immediate reversal should bring KTB to 0.265/0.29. Volume is unhealthy today. In fact I'm collecting for a reversal play,just bought some for bottom fising at 0.255 level and will average on a few entry intervals but always pratice a stop loss. Trade with your own risk appetite.Happy trading.

Posted by Joyous > 2014-05-26 16:04 | Report Abuse

Yoda, do you think it is holding up well at 0.25?

Posted by yoda88 > 2014-05-26 16:16 | Report Abuse

Hi Joyous, with such a backdrop of the mrkt conditon and trading on a T4,my opinion it has absorbed well and well supported at current level.

Posted by Dino Limo > 2014-05-26 20:58 | Report Abuse

Oh cool, Thanks Matrix + profit ^.^
its so encouragingggggg.. hehe
I shall try my best with metastock!!

For Mmode, Bearish harami is formed.
As of date, everything looks fine, because sma 5 is still very much above 10 and 30.
Will have to look at tmr’s condition, and to test its previous resistance of 0.69.
Today push wasn’t strong enough to push past 0.7, so it will continue to consolidate at 0.67.
If a large white candlestick is followed up past 0.7, will begin to test its next one at 0.73
After that would be 0.76.
Though its confusing because all other charts like macd and RSI looks good. But one thing to note is the mid point of today’s black harami against yesterday’s is lower, thus it seems to be signaling some bad news.

Next support is at 0.62.
Ok, I tried, I'm not sure if that's right though.

Thanks ^.^

Posted by ProfitMan > 2014-05-26 22:49 | Report Abuse

Dino Limo - MMode:

That was very well done. Please don't feel offended as below are my comments to it:
1. a bearish harami is formed when you have a large white candle on 1 day and the immediate candle following that is a smaller candle, can be white or black, usually its black, and it is within the body of the white candle. It signals uncertainty and a potential trend reversal. Subsequent candles are not considered as haramis. But the candle formations of the past few days do tell us that profit taking is in progress. Volume is above MA Vol.

You are right, it may consolidate.

2. The bullish candle on 20/5 overcame the gap resistance of 0.63/0.66 formed on 19/2. The bullish trend appears strong but it needs to stay above 0.66.

In general, your evaluation and feel for the movement of this stock are correct.

We look forward to more TA sharing from you.

Posted by matrixcool > 2014-05-26 23:11 | Report Abuse

Dino Limo & yoda88, just to share my thought on MMODE

MMODE—Breakout from the “Cup and Handle” pattern with volume on 20/05 at $0.63 signal Buy, and closed the gap of $0.67/$0.63 on the same day. It carries an immediate target of $0.70 (which was hit today) and a final target of $0.785 in the mid term. A break above $0.70 it expects to meet resistance at $0.73/$0.75. Any weakness due to the overbought position should find strong gap support at $0.66/$0.63 which offer buying opportunity for future play.

Dino, my suggestion to you is don”t read too much into indicators, it will confuse you. A black candle like today means nothing except it may start consolidating. Remember to keep the chart reading simple and not try to interpret every candle. The location of certain types of candle is more significant than wasting our time to read the meaning of every candle or every indicator.

Hope this help and good night.

Posted by Dino Limo > 2014-05-27 00:42 | Report Abuse

Oh wow ^.^
u guys are just pure awesome.
How i wish i could learn. It'll take me some time, but im willing. thanks
Btw I wish to understand a few things.

What's the meaning of "but the candle formations of the past few days do tell us that profit taking is in progress. Volume is above MA Vol. "
i) For the past few days? profit taking? how to determine that?
ii) Volume is above MA vol? is that an indicator?

Oh matrix,
thanks for the adbvise. Yea i find myself reading into each and every candle too much. How to keep the chart reading simple? Location is more important? example? like gap up? and gap down? Thanks.
What are some simple indicators to use? atm i only know how to read
I) Volume
ii) SMA 5,10,30
iii) diff candle sticks
iv) uptrend/downtrend
v) macd + RSI + stochastic.

Im hoping i can help with more analysis. Its reallly reallllly fun!

Posted by matrixcool > 2014-05-27 10:15 | Report Abuse

Dino Limo ,

Gap is very important feature in TA, to read the gap properly is very important. There are 4 types of Gap and each carry different meanings.
a) Area Gap—very little Technical Significance inside sideways trading.
b) Breakaway gap—Very bullish must accompany with volume.
c) Continuation Gap—Normally means the trend is at the ½ way point either up or down.
d) Exhaustion Gap—Normally, follow by sharp price reversal and must accompany by volume as well.
I cannot comment on the indicators because I hardly use them except RSI to confirm the Divergence.
Candlestick I have mentioned earlier, not only the type the location is important to add significance of that candle.

Hope this help.

Posted by Dino Limo > 2014-05-27 10:44 | Report Abuse

Oh! Thanks Matrix!!
I'm very unsure of area Gap still.
Continuation gap is a gap on the next day after a gap previously.?
Exhaustion Gap means a big gap down from a gap up, or vise versa? only with volume.
MA volume's significance is ??

I think i somewhat understand Cup and handle, but how do u determine that? Any specific point on the volume or trend to somewhat give us a glimpse of that? does it have to meet a certain requirement? I mean for all we know, it might fly up? maybe?
So that means Mmode will be going on a retrace trend before going up again?

Thanks

Posted by ProfitMan > 2014-05-27 13:25 | Report Abuse

Dino Limo - MMode:

Volume is a very important indicator because unlike all other indicators, it is independent of price. For the past few days, the volume of this stock is above the 30 days moving average (MA) volume.

When you have bearish candles on high volume, selling pressure is higher which means a lot people are taking profit on this stock after the run up in price. If the volume is low, it is a consolidation phase, a breather before it moves up again. There are still some profit taking here but very much lesser which also means many traders are holding on to their stocks waiting for another run up.

Actually, for trading, the important things to know is how to interpret critical candlestick formations, identify support and resistance, volume and setting stop loss and yr own target price which Matrix has posted on these previously. MACD is a lagging indicator. I use to use it but seldom nowadays. Leading indicators like RSI is more useful. You really do not need to use a lot of indicators as you may get confused by the different signals coming out of it.

Posted by ck > 2014-05-27 14:53 | Report Abuse

Dear TCB,

Can comment today GOB trend. Thank you very much.

Posted by Dino Limo > 2014-05-27 18:01 | Report Abuse

Hey, Profit and Matrix, and Other Sifus.
Im having trouble analyzing on LBS.
are they on consolidating stage? There weere a few boost on volume with positive trends.
but these 2 weeks especially. There has been an awful lot of Doji Stars..

Isit wise to accumulate now ?

Posted by ProfitMan > 2014-05-27 18:45 | Report Abuse

ck - GOB:

Attempting to move up on higher volume today. Immediate support is now at 0.985 with an immediate resistance of 1.07 while resistance 2 is 1.11/1.12. Selling pressure still persist but seems well absorbed.

Posted by ProfitMan > 2014-05-27 19:16 | Report Abuse

Dino Limo - LBS:

It is consolidating along a narrow range bound channel with a 1.72 support and 1.75 resistance. As you know, the dojis imply that there are still indecisions in the direction of the share. There was a failed attempt to break out on 12/5 before sellers brought it back down. The next support level can be found at 1.68.

Whether to accumulate now or later depends on your trading strategy for this share. Some traders like me wait for a reversal pattern before taking positions like when it breaks above the resistance with increased volume and stay above 1.75 over a few trading sessions before moving in.

Then there are others who buy at a time like this taking into consideration their risk benefit ratio and the potential holding period on the share. Or a trader may know of some potential news that would act as a catalyst to the share to cause them to buy in now.

So, I would say, it very much depends on your trading strategy.

Posted by Bravo > 2014-05-27 19:17 | Report Abuse

Dear TCB,

How is L&G-LA chart? =) It looks pretty berish to me

thank you

Posted by stay_foolish > 2014-05-27 22:05 | Report Abuse

Bravo

Yes it is quite bearish past few days. It is a bad sign that the price has broken 0.42. It will test support 1 which is 0.41 and support 2 0.395 if there is a sell down. I expect the price will further consolidate if the price didnt break the 0.395. Resistance 1 is 0.46 and resistance is 0.48.

Posted by ck > 2014-05-27 22:11 | Report Abuse

Dear TCB,

Kindly please advise on SEAL, izzit forming a symmetrical triangle?

Posted by Bravo > 2014-05-27 22:19 | Report Abuse

Thanks stay_foolish for the reading. =)
The mother share L&G still standing still? Its been consolidate for quite sometimes already.

Posted by FAST_5 > 2014-05-27 23:15 | Report Abuse

SEAL, close price is below MA20, and signal has crossed above MACD. I believe, we can get a better price to enter rather than now..

Posted by stay_foolish > 2014-05-27 23:58 | Report Abuse

Seal

Market cycle 2 - Mark up stage which is still uptrend. The doji formed today means likely trade sideways between 0.68 and 0.70. Volume is needed to break resistance 1- 0.755 and test 0.775. At the moment still is the correction on a uptrend if 0.64 is not violated. If 0.64 break, it may enter market cycle 4- Markdown (bearish).

Posted by Christie > 2014-05-28 08:24 | Report Abuse

Hi Sifus, this is my first time posting in TCB (2nd time in i3)... Matrixcool had given me 'courage' to post. In the past i dare not cos' i cant contribute at all. Wanna learn actually but rather confused with so many things to look at and find candlesticks confusing but hopefully i will post more so i can learn in the process. Meantime, can someone advise me on the flwg shares i am holding 1) Affin (bot 4.26) Daya (0.40) GPkt (0.535) Inari-w (2.44) LBAlum (0.765) Tgoff-W (0.345) UEM (2.69) Tiger (0.38) and XDL (0.35). Take yr tme as i know there are too many counters here....apologise :). Tks.

Posted by ProfitMan > 2014-05-28 10:05 | Report Abuse

Christie - on behalf of TCB, welcome. Please feel free to contribute in whatever way you can. We can all learn together. There are really no sifus here but we do try to help each others out within our capacity.

Some pointers on candlesticks. Know the basics of candlesticks and start off with the key candlestick formations like doji and hammer and stuff like that. Once you are more familiar, then study candlestick patterns. Don't need to read every candles on the chart. Just the candles at the critical stage of the chart. Take it step by step and you should be ok. Looking forward to your postings.

Don't worry, all of us are learning here. Give us sometime and we will go through the counters for you.

Posted by matrixcool > 2014-05-28 11:27 | Report Abuse

Christie

INARI-Wa ($2.44)—Weekly chart,Stage 2 of the cycle and forming Flagpole Pattern which has bullish implication in mid term. It is consolidating inside the pennant of $2.25 to $2.50, a break above the pennant will take it to the previous high of $2.55 and into uncharted territory in mid term.

Daily Chart—It is still under consolidation and trading inside rectangle of $2.18 to $2.50. In Rectangle trading, traders will buy near support of $2.18 and dispose when near to $2.50, your price of $2.44 is on the high side of rectangle trading. Volatility is extremely low some technical rebound could be expected due to oversold position,any rebound should meet immediate resistance at $2.35 /$2.40. A break below $2.18 spell more trouble because the next meaningful support is at $2.03/$1.98.

Happy Trading..

Posted by ProfitMan > 2014-05-28 12:56 | Report Abuse

Christie - Affin:

Downtrend in the correction phase. Based on the limited 3 yrs data that I have access to, on the EW count, it is correcting under the ABC waves. Currently, its downward momentum seems to have slowed and it is now trading within the range of 3.61 and 3.65. As it is trading with a price/RSI divergence, there could be a potential upward bias in its price movement in the short term subject to confirmation with subsequent candles formation. There is also an emerging sign of a Price/AccumDist divergence an indication of accumulation taking place in its shares.

If it breaks out of its immediate resistance of 2.65, it will test the next resistance at 3.72. If it is unable to stay above its immediate gap support of 3.60, it will likely trend towards 3.50.

I noticed you bought at a higher price. Can't advise you what to do but you can consider the following points:

1. Check out the worth of Affin's shares when the full impact of Hwang's sales is reflected in its financial statements. If you know its intrinsic value, even better.

2. What is the acceptable holding period of this share for you. You will probably need to know the long term growth prospects of Affin with Hwang's operations fully merged.

I hope this help for Affin.

Posted by Christie > 2014-05-28 13:13 | Report Abuse

Hi Profitman, tks for yr response. Checked on IV .. it is 4.40. Guess i would have to keep it for a while since too heavy to cut loss :).

Posted by ProfitMan > 2014-05-28 13:54 | Report Abuse

Christie - If you looking from a FA perspective, then yes, you may opt to keep although the safety margin is not a lot. Hopefully, when Hwang's revenue are merged and recognized in Affin, you will get a higher IV, increasing your safety margin.

Posted by matrixcool > 2014-05-28 14:47 | Report Abuse

profitMan, Very good analysis of Affin.. We all learnt something from you here. Thanks

Christie, you need to learn to take your losses early and do have an exit plan before you buy into any stock.

Happy Trading..

Posted by ProfitMan > 2014-05-28 15:05 | Report Abuse

Matrix - thanks. Humbled by yr comments.

Posted by ProfitMan > 2014-05-28 16:27 | Report Abuse

Christie - Gpkt:

Bearish. The bearish engulfing candle on 28/3 pre-empts the bearish undertone to the stock. It is now consolidating down on low volume, below 30d MA volume. Now testing its support level at 0.37 with the next support level being 0.335. Immediate resistance is at 0.42.

The TM deal with GPkt could have been the key catalyst for some investors to sell down this stock.

Posted by ProfitMan > 2014-05-28 17:02 | Report Abuse

Christie - Tiger:

Non trending with side way trading in a rectangle. The upper range price of 0.145 forms the immediate resistance while the lower 0.135 forms the immediate support level. A break in resistance will see it trend towards 0.17 and conversely, a break in the support line will see it test support at 0.125 where the support could be strong. Low daily volume exhibits disinterest in this stock at the moment.

Posted by lfctrade > 2014-05-28 18:33 | Report Abuse

Dear TCB, can you please check on OCNCASH ?

Posted by matrixcool > 2014-05-28 19:12 | Report Abuse

christie

DAYA($0.40)—Very bearish,may have found a new bottom at $0.31 which was tested on a few occasions, if this is indeed the new bottom, then it may start stage 1 of a new cycle.(Consolidation/Accumulation stage). It is trading inside Rectangle trading of $0.315 to $0.345. A break above $0.345 it is expected to find strong resistance at $0.37. A break below $0.31 spell more trouble mean stage 4 of the cycle has not completed yet.
You were caught at very high prices of $0.40, TA wise unless it breaks above $0.37 with volume, then it may fill the Fallen Gap of $0.405/$0.385 for you to get out. But the problem with this stock it has many overhangs to clear, any rebounds will invite sellers like you who were caught to clear their stocks.

Happy Trading..

Posted by Lz Lee Weiping > 2014-05-28 20:10 | Report Abuse

Dear TCB can you please help check on Glomac and SAPIND
I'm also learning TA, so please comment and guide me as well.

GLOMAC:
To me it's bearish is currently undergo a pullback to it's 1.06 support level, and i noticed that there's a candle "tail" on 26/05/2014, could be a reversal of downtrend.

SAPIND:
trying to break it's resistance at 1.67 and i noticed that there's a MACD divergence, from 10/04/2014 to 28/05/2014 where the candlestick is higher high, but the MACD line shows higher low.

this is what i can get so far.

Posted by matrixcool > 2014-05-28 22:16 | Report Abuse

Lz Lee Weiping ,thanks for sharing your TA analysis.

GLOMAC—Stage 4 of the cycle ended at the new bottom of $0.98 on 28/08/2013. It is now in stage 1 of the cycle (Consolidation/Accumulation stage) trading inside rectangle trading from $1.05 to $1.17. When a counter like GLOMAC which is moving sideways do not read too much into every individual candle. If you are bottom fishing do set a exit if $1.04 is violated.

SAPIND—Stage 2 of the cycle and very bullish.Just breakout from $1.64 which carry next target of $1.74. What you noticed is price/MACD form bearish divergence.

Happy Trading..

Posted by Christie > 2014-05-28 22:22 | Report Abuse

Thank you very much Matrixcool and Profitman for yr analysis on my counters.