"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 .
Profitman, noted with thanks for your advise on Marco. Very appreciated.
Posted by ProfitMan > Sep 11, 2014 01:20 AM | Report Abuse
winwinborn - Marco:
It broke out from its round bottom pattern on 19/8 and hit a high of 0.26, only to succumb to the bearish engulfing candle of 20/8 that sent it into a consolidation phase. It is now trading sideways with a support at 0.205 and a resistance of 0.215. A break with volume of 0.215 would confirm its price reversal and render the breakout from its round bottom pattern valid. Similarly, a break in its support at 0.205 could send it back towards 0.185a and render the earlier break out a false breakout. If you are bottom fishing, you may want to set a stop loss at 0.19.
It is bullish when it broke out from its descending triangle with a breakaway gap accompanied by a spike in volume that is about 15 fold larger than its 30MA volume. Support is now at 0.35/0.36 and will have strong support at 0.305/0.33, gap support.
However, it is important to note that the spike in price was probably a result of Affin's disposal of its entire stake to Nadicorp at 0.625. It would be worthwhile to find out the worth of its share bearing in mind the discrepancy in price between 0.625 and its market price as well as to assess if there is a fundamental change in the financial position of the company. This should assist you in making a better decision regarding your investment. Hope this helps.
Bearish. If current 1.13 is broken, it would trend towards 1.06. Immediate resistance is at 1.18 and if broken, will meet further resistance at 1.23. The selling does not appear to be over and could come under further selling pressure.
Inwest88 - good morning. A good thing you did not know about Bones' write up on Facb. If you had, you would not have entered! As for Epmb, Matrixcool to all of us in alert day on Wednesday.
tsy88 - good morning. Congrats on your Hevea and Tekseng gains. I sold the balance of Teoseng to take profits. Also sold EPMB at 0.95 (in last week at 80 sen when I mentioned) to reap the gains of about 20%. Getting harder to pick stocks. Was in Cworks yesterday. Will be looking at Mcclean, Homeriz and Uchitech
Inwest88c- thanks. Homeriz recommended by Kcchongnz on his listvof furniture stocks. Yet to reach its peak. Mclean fell to low of 18.5 and slowly climbing back up. Uchitec, hardly noticed this stock. Micromb new high yesterday, closed at its highest 36,5, up 3.5.
tsy88 - I already have some homeriz quites one time ago ofr long term hold. Today is to watch for trading only. I have made 2 rounds on Mclean earlier.
tsy88 0 certain stocks if you can spot them can suddenly become active, like EPMB. That's why it's important to screen through all the stocks. Not a easy task
Inwest88 - yeah, agree with you. Quite difficult to pick out winners now. Like you said, have to be very selective nowadays. Enter the wrong counter and you " betul2 kena"!
Inwest88 - not an easy task, again you are right on this. For me, sonetimes I dont have time to screen through all the stocks. Only during weekends. Salute you on your fantastic stock picks.
Air01557 - frankly speaking, I do not know. But it seems to absorb a lot at 2.25 level. At closing stage, walloped all sellers more than 6000! Hope today it goes to 2.30 and above. Hapoy trading.
Duit - Can understand if you are going to be busy, but Please please do drop by even if its once in a while to share your stock picks and trading methods or even just to wish "hello". We do appreciate your presence here and we really found some of your stock picks and trading methods an eye opener. Even if we are not actively posting comments here during the day due to our own work commitments, we do follow all the posts especially from yours. Cheers.
rob_z3_man - Olympia Support level at 0.19 and 0.185. Resistance level at 0.195 and 0.205. It must maintain 0.19 and above to remain bullish. Stop-stop/trailing stop if 0.185 is violated.
chiam4192 - SCH under retracement. Support level of 0.28 and 0.27. Resistance at 0.295 and 0.30. Stop-loss if 0.27 is violated
bombastic - SERSOL looks like a small flag pattern to me, the breakout point is 0.395/0.40. Support level of 0.365 and 0.345. Resistance at 0.395 and 0.41. Stop-loss if 0.345 is violated.
nana88 - IFCAMSC Under retracement. Support level of 0.365 and 0.335. Resistance level at 0.43 and 0.445. Stop-loss if 0.335 is violated.
tan sri racheal lim - SHL Support level of 2.99 and 2.96. Resistance at 3.15 and 3.2. If it were to break 3.15 and 3.2, it will be very bullish.
yongyou - LCTH Gap Support level at 0.32 and next support level is 0.30. Resistance level at 0.335 and 0.35. It must stay above the gap support of 0.32 so that it could re-test it's resistance level of 0.335. Stop-loss if 0.30 is violated.
yongyou - JASKITA Consolidating between 0.22 and 0.235. Support level at 0.22 and 0.21. Resistance level at 0.235 and 0.25. Stop-loss if 0.22 is violated.
Currently consolidating in a flag formation. It needs to break the resistance price of 0.155 in order to continue its upward momentum. It has temporarily closed above 0.155 at 0.16. If it is able to sustain at a level above 0.16 for the next few trading sessions, then it would continue its upward drive and a break in the next resistance at 0.20 with volume would confirm the validity of its uptrend. Good support expected at 0.14. Stop loss at 0.11 is suggested.
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 .