Posted by godbless88 > 2014-09-18 19:55 | Report Abuse

@ProfitMan - thanks Profitman, I agree with your point of one always must have a stop loss no matter which counter you buy. Otherwise you can easily get trapped forever. Nowadays with so many penny stocks in the market, a lot of speculation is in play. I dun usually play them, but when I do, I think it's better to have an escape plan - so in case one caught in fire to prevent excessive burns.

Posted by Dunknow > 2014-09-18 22:00 | Report Abuse

good evening TCB,can you please advise on the Deleum?seem like a good price to enter ler...thanks in advance

Posted by helang008 > 2014-09-18 23:27 | Report Abuse

Dear TCB - appreciate if you can give Ta reading on the following:

1. smrt
2. tatgiap
3. D&O
4. keuro
5. bjtoto

Thanking you in anticipation and have a great friday !

Posted by cherry tomato > 2014-09-18 23:34 | Report Abuse

Dear TCB, please correct me on the below reading:

Arank
- bull indication as forming of morning star. However it should be confirm by volume.

IHH
- bull after few day of indecision. Today forming bull marubozu with volume.

Please provide resistance and support price for the above.

TQ.

Posted by yoda88 > 2014-09-19 00:35 | Report Abuse

gary1122-Mahsing
Mahsing show signs of downtrending.However shares are at oversold situation and accumulation noticeable.Immediate supports can be found at 2.31 and 2.24. A stop loss if shares breached below the critical support near 2.15.A technical rebound accompany with volume will drive share prices towards 2.39,2.44 and 2.49.
Happy Trading.

Posted by yoda88 > 2014-09-19 00:55 | Report Abuse

tsy88-Mitra
Since hitting the peak of 1.04 there were some signs of reversal signals and further consolidation.Today on a T4 with a min buy rate of 8% (at 2.06pm) price able to stay at 0.935 which indicates a reversal and uptrend on a daily chart.Share prices are likely to resume its uptrend after a brief sideways consolidation with daily oscillators are on the mend. Further upside targets are located at 0.97,1.00 and with good market sentiment it poised to retest 1.04 level. Supports are situated near 0.935 and 0.905 territory. A stop loss at 0.895 level.
Mitra Wc
Resistance can be found at 0.545 and 0.60 levels
Supports are at 0.495 and 0.475.
Happy trading.

Posted by ProfitMan > 2014-09-19 01:11 | Report Abuse

motomoto - IFCAMSC:

As at 18/8:

Still under consolidation. Selling pressure has subsided further.


As at Sep 16, 2014 07:08 PM :

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.

Posted by ProfitMan > 2014-09-19 01:18 | Report Abuse

motomoto - DGB:

As at 18/9:

Consolidating with immediate support at 0.155 still intact. As the trading volume on 15/9 was high, it is normal for more profit taking to set in amidst weak overall market sentiment but the volume was relatively low.


As at Sep 16, 2014 07:52 PM

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.

Posted by Capt Jack Sparrow > 2014-09-19 01:19 | Report Abuse

CAUTION is the word...
If breached Major Support @ 0.390, consider your stop loss seriously!

Good Luck & Happy Trading!

Posted by OptimusX > 2014-09-19 01:21 |

Post removed.Why?

Posted by ProfitMan > 2014-09-19 01:26 | Report Abuse

Danke - Glotec:

As at 18/9:

Still in its sideways trading narrow range.


Update as at 14/9:

It did hit 0.13 as forecasted by Yoda and went as high as 0.14. Currently consolidating sideways within a narrow range of 0.10 and 0.105. Gap support of 0.09/0.095 is holding well. A break in 0.105 resistance could see it testing the high of 0.14 again.


Yoda's analysis As at Aug 20, 2014 12:17 AM

Glotec is trading sideways with an overbought situation but judging on the market sentiment on penny stocks, the momentum could be substantial and convincingly with significant volume it will be still on a bullish momentum. Should keep an eye for volume and price movemnt.
Resistance can be found at 0.105 and a break the band at 0.118 could bring it further to 0.13 level.Immediate supports are at 0.09 and 0.85.
A stop loss if 0.08 is triggered.
Happy trading.

As one of the hot penny stock heavily mention recently, it has surged 108.33% frm 0.6 to 12.5 between July 31 and Aug 21 following the announcement that Glotec was acquring 60% stake in New Century Energy Resources Ltd.Technically its at overbought situation at this junture and declining.Immediate supports can be found at 0.105 and 0.095. A stop loss if 0.09 is triggered. Resistance are at 0125 and 0.13.
Happy trading.

Posted by ProfitMan > 2014-09-19 02:06 | Report Abuse

cherry tomato - Below is how I see it.

Arank: Its uptrend is still intact. Currently consolidating while the hammer of 17/9 indicates a potential bullish reversal. The follow up bullish candle lend further credence to this. You are correct in that volume has been rather low and a higher volume would ensure that the reversal is valid. Should have good support at 0.68/0.685 while its resistance lie at 0.76.


IHH: Yes, the bullish candle of 18/9 does indicate a potential continuation of its uptrend. Now I refer to it as potential as we usually want to monitor at least the 3 following trading sessions to confirm that it will trend up again. You are correct it went into a few trading days of indecisions. Immediate support is at 4.93/4.94 while immediate resistance is 5.05. Any break in the support with volume would also be a break in the uptrend line and potentially has bearish implications.

Tip: Try not to read the candles individually but instead look for its overall pattern. That was a very good effort though. Do remember that there can be variations in chart readings from one person to the next.

--------------------------------------------------------------
Posted by cherry tomato > Sep 18, 2014 11:34 PM | Report Abuse

Dear TCB, please correct me on the below reading:

Arank
- bull indication as forming of morning star. However it should be confirm by volume.

IHH
- bull after few day of indecision. Today forming bull marubozu with volume.

Please provide resistance and support price for the above.

TQ.

Posted by tsy88 > 2014-09-19 02:20 | Report Abuse

Yoda88 - good morning. Thanks so much for your detailed analysis of Mitra and its Wa. Noted their supports and targets. Had entered mother at 0.955 and Wa at 0.52.

Posted by inwest88 > 2014-09-19 07:38 | Report Abuse

Good morning to profitman, matrix, yoda88, sunlight, stay_foolish and Lz

Posted by inwest88 > 2014-09-19 07:53 | Report Abuse

tsy88 - good morning. Have a profitable trading day !

Posted by tsy88 > 2014-09-19 08:06 | Report Abuse

Good morning TCB.

Posted by tsy88 > 2014-09-19 08:09 | Report Abuse

Inwest88 - good morning. You too have a fruitful day. Our OPR left unchanged and hopefully ourindex goes GREEN today.

Posted by tpchuayap > 2014-09-19 08:12 | Report Abuse

Good Morning to all.

Dear Profitman,can you take a look at FGV ? it hit the low of 3.46 and rebounded back slightly, What will be the next support level ? thank you

Posted by ProfitMan > 2014-09-19 08:14 | Report Abuse

Inwest88, tsy88 & all - Good morning & we wish you a very rewarding day in the market.

Posted by Dunknow > 2014-09-19 08:35 | Report Abuse

Good morning TCBBBBBBBBBBBBBBB,good morning readerrrrrrrrrr,good morning all the forummerrrrrrrr....

Posted by gary1122 > 2014-09-19 08:58 | Report Abuse

Thank yoda88

gary1122-Mahsing
Mahsing show signs of downtrending.However shares are at oversold situation and accumulation noticeable.Immediate supports can be found at 2.31 and 2.24. A stop loss if shares breached below the critical support near 2.15.A technical rebound accompany with volume will drive share prices towards 2.39,2.44 and 2.49.
Happy Trading.

Posted by yongyou > 2014-09-19 09:09 | Report Abuse

Morning all

Posted by ProfitMan > 2014-09-19 10:21 | Report Abuse

tpchuayap - The next support for FGV is 3.35. However if you notice from the trade yesterday, it hit the tp of 3.46 and rebounded up to close at the higher tp of 3.52, an indication of an emerging buying support. If reversal, the resistance it needs to take out is 3.67.

Posted by Yeo > 2014-09-19 10:49 | Report Abuse

Dear TCB, kindly advise on BJAUTO, DRBHCOM, and BRAHIMS. Thank you.

Posted by godbless88 > 2014-09-19 10:54 | Report Abuse

@Capt Jack Sparrow - Glad to see you here from the recommendations :)

Posted by ProfitMan > 2014-09-19 11:45 | Report Abuse

Capt Jack Sparrow - forgot to welcome you here and thank you for visiting. Please feel free to share any information that you wish. We believe in learning from each other.

Posted by Capt Jack Sparrow > 2014-09-19 11:50 | Report Abuse

@godbless88 @ProfitMan
Thank you very much...
Yes, you're right. We must always believe in learning from each other and I don't think it is correct to keep all the info to our ownselves.
Sharing is Caring... :)

Posted by helang008 > 2014-09-19 12:27 | Report Abuse

Dear TCB - appreciate if you can give Ta reading on the following: (resent) hope not to disturb...

1. smrt
2. tatgiap
3. D&O
4. keuro
5. bjtoto

Thank you in advance and have a great friday !

Posted by ProfitMan > 2014-09-19 12:47 | Report Abuse

helang008 - we have noted your request. As always, you will need to give us sometime to work on it as the group of volunteers here looking into charts are also working people with their own career and business. So, we seek your understanding on this but rest assured we will get back to you. Thank you for your understanding. Hope you have a very profitable day in the market.

Posted by onghenghuat > 2014-09-19 13:28 | Report Abuse

Dear TCB,

Apart from helang008 request, appreciate you can do a TA on the following counter:

1. Smrt-wa
2. Pjdev-wc
3. Scicom
4. Destini
5. Ock
6. Censof

Thanks and appreciate your help!

Posted by Capt Jack Sparrow > 2014-09-19 13:39 | Report Abuse

@ProfitMan
Let me help some... :D

SMRT (0117)
20MA @ 0.815 and 50MA @ 0.805.
The counter need to breach these price ranges before we can confirm it is on the Uptrend.
Currently is BEARISH while 'over-sold' with LOW Volume.
Lower High & Lower Low is already confirmed.
Not a good prospect outlook for short term & mid term traders.

TATGIAP
Counter trading below 20MA, 50MA & 100MA!
Currently is BEARISH while 'over-sold' with LOW Volume.
Still in 'lao-sai' mode... Don't know when will stop.
Not a good prospect outlook for short term & mid term traders.

D&O (7204)
Support @ 0.300 while the counter is trading below 20MA, 50MA & 100MA.
Another BEARISH stock with very Low Volume.
If the Support of 0.295/0.300 is breached, further downtrend may continue.
Not a good prospect outlook for short term & mid term traders.

KEURO (3565)
Another counter trading below all MAs.
Breached its MAJOR support @ 1.05 but formed a 'Hammer' with good Volume @ 1.02 yesterday.
Downtrend will continue unless a really long 'White candle' penetrating R1 @ 1.05 will confirm the reversal.
Not for traders who has limited funds to trade!

BJTOTO (1562)
This counter has been on 'Sideways' since 2012 - moving between RM3.70 to RM4.00.
Major Support @ 3.740-3.750 - which has been breached last 2 days.
Really BEARISH stock in 'over-sold' mode.
Volume has been consistently average.
This is an Average Joe kind of stocks with little movement.
If you are looking at this one, why not try its sister co in BJAUTO?

Hope this will help.
If anyone got any idea of improvement, I'm more than willing to learn and listen.

Happy Trading!

Posted by belkg > 2014-09-19 13:52 | Report Abuse

Dear mr tcb apart of helang 88 reading ,pls advice on ibhd,sona n jag,tks hv a good day

Posted by minkhim82 > 2014-09-19 14:53 | Report Abuse

Dear TCB,

Would you please help me perform TA on IFCAMSC-WA?
Actually I have entered with price 0.335.

Thank you in advance.

Posted by helang008 > 2014-09-19 16:58 | Report Abuse

Firstly, i so so sorry for the rushing TCB, as noticed several other request was replied but not mine. (my mistake)=="

As newbird in i3 and particular in TA, actually below was all current holding shares.

So middle of wondering need to cut lose, or anything that possible add a patch in low to reduce the current lose.

As per current 1117, 5178, 7204 all trading in very low volume...

so like to know what is the support and resistance level will be appreciated.

1) 1117 enter price was 0.865
2) 5178 enter price was 0.290
3) 7204 enter price was 0.370
4) 1562 enter price was 3.800

lastly please accept my appologies for my rudeness. have a nice weekend.

thanks to Mr Capt Jack Sparrow analysist ^^

Posted by Danke > 2014-09-19 22:03 | Report Abuse

Thanks profitman..

Posted by Capt Jack Sparrow > 2014-09-19 22:33 | Report Abuse

@helang88
You simply buy and you simply HOLD...
How to exit while you gonna suffer heavy losses?
It depends on how much you can hold on for these counters.
It's going to be painful but you are the one who call the shot here.
Good Luck!!! :D

Happy Trading!

Posted by ProfitMan > 2014-09-20 01:13 | Report Abuse

Capt Jack Sparrow - Thank you for your contributions.

Posted by godbless88 > 2014-09-20 01:17 | Report Abuse

Keep it up the good work Captain! give u one "like" as well :)

Posted by godbless88 > 2014-09-20 01:21 | Report Abuse

@helang008 - If all else fails, here's a last resort.
Use and check ur FA (fundamental analysis). Stock with good fundamentals usually have a silver lining.

Posted by ProfitMan > 2014-09-20 01:22 | Report Abuse

helang008 - no problem. No need to apologize. We understand your position. We will get back to you on the charts over the weekend but please note that we will only present to you the readings on the chart. As you are aware, we do not recommend any buy or sell here and neither do we recommend any stock. All these decisions will have to be made by you alone. Thanks for your understanding.

Posted by ProfitMan > 2014-09-20 01:42 | Report Abuse

gary1122 - barakah:

Temporarily found a bottom at 1.35 which incidentally is the support level now. It looks bullish subject to further confirmation when it broke the resistance of 1.41 and closed above it at 1.44. If the bullish momentum persist, it will attempt to break the next resistance at 1.50. A break above this price with volume would further confirm its bullish reversal trend.

Posted by ProfitMan > 2014-09-20 02:18 | Report Abuse

helang008 - BJToto:

On a downtrend. Immediate support is at 3.73 and resistance is at 3.79. The selling pressure is still relatively high with daily volume above 30d MA Volume and it is still not out of the woods yet. If the downtrend persist, the target prices on the downtrend will be 3.66, and 3.52. You may want to consider a stop loss at 3.72. We do not recommend you to average down your cost. More so for this stock as you will be trying to catch a falling knife as the selling does not appear to be over.

If you wish to take up Godbless88 suggestion of looking at the stock from a FA perspective, you will need to check out the intrinsic value of the stock to see where the current market price stands relative to that value.

Posted by RI77 > 2014-09-20 08:27 | Report Abuse

Dear TCB,
Can you update your Stock In Focus for:
a) TEKSENG
b) FITTER
I have made money in TEKSENG when you first published in your Blog. I re enter again seeing another Flag is forming based on my limited TA knowledge.
Fitter I have bought in at $1.35 earlier and still holding.
Your guidance is much appreciated.
God Bless.

Posted by inwest88 > 2014-09-20 08:45 | Report Abuse

Good morning to TCB. May everyone have a pleasant week-end.

Posted by moonless > 2014-09-20 13:43 | Report Abuse

Dear TCB,
Appreciate if you can provide TA on following:

1. MIKROMB
2. EFFICEN

Thanks.

Posted by kingcobra > 2014-09-20 17:09 | Report Abuse

Good evening TCB.....what's your opinion on SEM?....Can buy at this stage? Thanks!

Posted by ProfitMan > 2014-09-20 17:12 | Report Abuse

onghenghuat - Censof:

Currently bullish after breaking out from its descending triangle on 29/8 and confirmed by the breakaway gap of 2/9. It is now consolidating after hitting the year's high of 0.625.
Immediate support = 0.585 ; Immediate resistance =0.625.
If its immediate resistance is taken out, it will re-test its previous high of 0.67. On the flip side, it should have strong support at 0.56 if 0.585 is broken.

Posted by stay_foolish > 2014-09-20 17:56 | Report Abuse

Lyyinvestor

Dnex

Weekly Chart- Stage 3 of Market Cycle- Distribution. Need to stay above $0.39 in order to test $0.42. Break above $0.42 signal Trend Reversal to stage 2.

Daily Chart- Stage 3 as well. After breakout at $0.355(resistance become support) on 05/09, it hit its immediate target at $0.39. However, it failed to stay above $0.39 to further test TP 2 at $0.4/$0.42. It is expected to consolidate in shorter range between $0.355 and $0.39. May find temporary support at $0.355. If break below $0.355, it will find $0.32/@0.33. A break above $0.42 signal Trend Reversal. Cut loss if $0.315 is violated.

SCIB

Stage 2 of Market Cycle which is Bullish. Breakout from $0.78 on 10/9 and hit its immediate target at $0.96 after a few days. After hitting immediate target at $0.96, it closed at $1.0 yesterday. It may further test TP 2 at $1.05/$1.10 and beyond. Any weakness may find immediate support at $0.96 and strong support at 0.885. Remember to set Trailing Stop to prevent it turn against you. Enjoy riding the profit !

Posted by stay_foolish > 2014-09-20 18:01 | Report Abuse

helang 008

Tatglap

Stage 4 of Market Cycle which is bearish. Trading in Downward Channel. It is consolidating between 0.24 and 0.28 with reduced volume which is a good sign. If break above $0.28 will further test $0.31/$0.34. Break above $0.34 signal Price reversal which also break the immediate Down-trend Line. A break below $0.24 may find $0.225 as immediate support. Cut loss if $0.225 is violated.

Keuro

Stage 3 of Market Cycle which the price can be volatile. It is expected to consolidate between $1 and $1.08 in near term. If break below $1, may find $0.975 as immediate support. If break above $1.08 may test $1.12 and Strong resistance at $1.16. For short term trader, cut loss if $0.975 is violated. For medium term trader, cut loss if $0.9 is violated.


FYI, Capt Jack Sparrow had made comment on these two stocks. Kindly refer to his opinion too :)

Happy Trading

Posted by stay_foolish > 2014-09-20 18:06 | Report Abuse

belkg

IBHD

Weekly Chart- Stage 2 of Market Cycle which is still Bullish. The upward trend is still intact. The recent correction of share price due to right issue and dividend payout. Immediate support 1 would be 1.07 and stronger support at $0.985.

Daily Chart- Same stage as well. May find temporarily support at $1.07. If $1.07 cannot hold, it would further test $0.985. It should be consolidate between $1.07 and $1.17 in near term. A break above 1.17 may test $1.25/$1.33. Strong resistance at $1.39.


Sona

Stage 4 of Market Cycle which is very Bearish. Still trading in Downward Channel. On 21/07, it tried to break the Downward Trend Line but failed. Now may find $0.465/$0.47 as immediate support. Stronger support at $0.45. It has been consolidate for a few weeks with reduced volume which is very healthy. RSI is picking up as well. A rebound should be expected. Need to break the Downward Trend Line at $0.515 signal Price Reversal and it will test $0.58. Need to break above $0.62 to Trend Reversal to Stage 2. Cut loss if 0.45 is violated.


Happy Trading