"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 .
Inwest88 - good morning. Nihsin really surged. When I saw in afternoon, it was only up 2.5. Like it but dare not chase! Aax also continuously up and this time trending uo nicely unlike last time was rather volatile. Cl also up a lot.
tsy88-KPS Some profit taking on KPS and the stock is having a pullback since sharp rise a day ago. A strong support can be seen at 1.75 level as its still uptrending and slightly bullish sitting positively above the 200MA level. A break above 1.91 would likely to bring the stock to a resistance of 1.98 and 2.07 level.Water assests are park via KPS as the main vehicle.Immediate supports can be found at 1.80 and 1.75. A stop loss if 1.73 is triggered. Latest rumuors that a new company will be appointed to take over the lease of the 3 water companies and KPS will be a mgt role and every thing is done in an opaque manner. Keep an eye tys88. Happy trading.
Sideway trading in a rectangle within a narrow range with a support at 0.17/0.175 and a resistance at 0.20/0.205. We usually avoid trading such stocks unless there is some potential catalyst to boost its price.
Lz had done a read on it and I will just update on to what he has written. It is still under correction, trading under the bearish harami of 4/9 and has retraced to the 0.27 support. The selling pressure may not be over and could yet test the resolve of the 0.27 support. If broken, it will be heading towards 0.24.
Posted by Lz Lee Weiping > Sep 13, 2014 12:03 AM
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
I will just update to what Lz has analyzed below earlier.
Under correction and has filled the gap support at 0.395/0.42. The current support at 0.365 seems to be holding and it may be bouncing off this 38% retracement level. Need to overcome strong resistance at 0.44 in order to scale higher. The selling pressure appears to have declined for the time being. If you are bottom fishing, you may want to consider a stop loss at 0.355.
Posted by Lz Lee Weiping > Sep 13, 2014 12:03 AM
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.
Bullish after breaking out from its rectangle trading pattern on 5/8 with volume. It has also taken out its key resistance at 0.13 and managed to stay above this level on good volume. Immediate support is at 0.155 while immediate resistance is at 0.18 and it also needs to overcome the psychological resistance of 0.20 with volume. Would encounter strong resistance at 0.24. Recommended stop loss is 0.14.
Bullish when it succeeded in breaking out from its key resistance of 0.145 on 2/9. It hit a high of 0.27 on 9/9 before it went into consolidation under a pennant. It has now broken out from the pennant to hit a new high of 0.325 with a spike in volume. Immediate support is at 0.255 with further support back at 0.22. Moving forward, if its momentum is sustained and the resistance of 0.325 is taken out, it will be heading towards its target prices of 0.36 and 0.43. As with all shares that trends up on abnormally high volume, you can expect some profit taking activities to set in. So, you may want to review your trailing stop along the way to protect your profits in case the stock goes into a consolidation phase.
amunia02-Prtasco After hitting a high of 1.83 on the 5th Sept 2014, the share is having a pullback and downtrending. However the share prices are grossly oversold, as indicated by daily and weekly indicators. RSI seems recovering with price divergence which suggests impending technical rebound.Any rebound need further confirmation with volume.Further upsides are targeted at 1.85 and 1.88, with a long term objective of 2.02. However, any retracement back to 1.67 level could see further selling pressure towards 1.62 and 1.61. A stop loss if 1.60 is triggered. Happy trading.
Hi dunknow, SEACERA: Under consolidation between $1.15 and $1.28. Breaking above $1.28 with volume will have bullish implication. If so, it will face immediate resistance at $1.35 before it can scale higher to re-test its previous all-time high at $1.42. Further retracement will find immediate support at $1.15 follow by a good support at $1.11. Stop loss if $1.10 is violated.
Hi yongyou/ amunia02, GUOCO: Under consolidation between $1.77 and $1.92. Breaking above $1.92 with volume will have bullish implication but will find immediate resistance at $1.97 before it can scale higher to re-test its previous all-time high at $2.08. Further weakness will find immediate support at $1.77 and $1.71 respectively. Stop loss if $1.70 is violated.
Hi blekg, TAKASO: After scaling 90% upward from $0.25 and hitting a high at $0.475 on 10/09, it has gone into some correction with current support at $0.46. The uptrend is still intact so long the closing price stays above $0.455. Please note that there is a Price/Acc.Dist divergence, indicating some accumulation in the stock is taking place. If upward movement is resumed, it will find immediate resistance at $0.475 and $0.50 respectively before it can scale higher to re-test the high at $0.515. Any weakness due to oversold or further profit taking will find immediate support at $0.44 follow by a strong support at $0.405. Stop loss if $0.40 is violated.
Hi yongyou, DIGISTA: Under consolidation between $0.30 and $0.335. Breaking above $0.335 with volume will have bullish implication. Immediate resistance is found at $0.345 and $0.355 before it can scale higher to an estimated TP of $0.39. Further weakness will find immediate support at $0.30 and $0.29 respectively. Stop loss if $0.285 is violated.
yoda88 which is another water counter? Hi Jennylee,another water related counter and one of the player in the MRT project, its downside is very limited at this junture.Strong supports can be seen at 0.76 level and once the 0.78 level is broken with volume, it might scale to retest 0.81.Watch for its trigger point and momentum.I'm looking at the warrant which is very attractive at current price. Happy trading.
Remains bearish after breaking down from the symmetrical triangle on 30/5 when the 4.41 resistance was broken. It has now set a new low at 3.63. The selling pressure does not appear to have eased off and you can expect it to trend down further. If the bearish mode persist, it could take the price to its target price of 3.58. Immediate resistance is at 3.71.
Inwest88 - good morning. Our index tumbling! Broader market saw losers outpacing gainers by so much. Does not bode well for our market. Hope today will reverse trend with Dow up 100.
Inwest88 - congrats on Cworks. Another winner for you. Luckily I cut loss on Supermax. Lost 1 cent. Friday closed 2.21 only. Take a look at Btech. New highs and trending up after consolidating for quite some time. Ygl also substiantially up again on Friday.
Yoda88 - you mentioned Azrb Wa looks attractive at current level. Noticed it has premium of 46.7% to the mother share though expiry is still a long way to go. Wonder if premium is rather high?
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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 .