"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 .
dear TCB I WANT TO ASK YOU YOUR OPPINION ABOUT THE ABOVE SCREENER.. SELECT MAIN MARKET IN THE ABOVE SCREENER,,SECTOR DO NOT PUT ANYTHING,,THEN SCREEN IT... ALL COUNTERS WILL APPEAR IN ACCORDANCE WITH ROE,,, OK BY LOOKING AT THE ROE INDICATOR,,YOU SEE MANY COMPANIES SCREEN BY THE SCREENER... THERE ARE SOME MID CAPS COMPANIES LISTED THERE... WHICH OF THIS COMPANIES YOU THINK THE UPTREND WILL CONTINUE?? JUST ASKING YOUR OPPINION... BY USING ROE,,OR ANY OTHER AS YOU WISH
according to miapancho klsescrener.com,pls kindly specifi what is the usage of this system, how does it help us, pls advice. thks
yes screeners also can help,,so do not avoid them please..sifus on this site can tell us how this screener can help us.. all types of indicators are there NTA,,ROE,, EPS and others.. do not worry if it is updated or not updated,, because i am sure it is updated always..so just tell us which indicators to follow strongly in the present uptrend market,, is it ROE,,,EPS,, NTA or etc...just give oppinion only
SCICOM—Stage 2 of the cycle and very bullish. Like you I am riding on SCICOM since 04/09 from $1.36 until now. The next logical target is at $2.00 if can stay above $1.80. For stage 2 cycle and stock setting new high, TCB encourages traders to set a Trailing Stop to protect your profits and at the same time enjoy the ride. I have raised my Stoo Loss up a few times to protect my profits in case there is a Big pull back. How to set your own Trailing Stop depends on your entry price and how much you are willing to give back if there is a Pull Back. I will provide you the supports for your own consideration. Immediate support adjusts to $1.70,$1.60 and strong support at $1.53. Or you can always lock in partial profits or sell everything into strength. TCB also encourages traders to lock in profits when the opportunity arises. In Stock Trading, the most difficult part has always been selling because of our Fear and Greed.
Thanks for highlighting on KLSE screener, ya, it may be useful to many investors on those counters if you are looking at those filters that is in line with your investment strategy. TCB is definitely on TA only, so High PE, ROE etc may not be our first priority. We believe in TA and if a counter show signs of a rebound, breakout or Price Reversal we may start buying and Trade. But we always trade with a Traind Plan, do set our stop loss level if the trade goes against us. I think those indicators you mentioned are more for FA, most of them will find them more useful than us in TCB. Even though we opined differently with FA but we do respect those that trade on FA, to us it is just two schools of thought. Even in TA reading, we opined differently on different indicators, we learn each day from other TA how they interpret in chart reading.
Happy Trading !
inwest88 --morning to you. Any stocks that you may want to share with us for next week?
Hi. A v.g morning to all the TA experts here. I just found this blog. A great job by TCB. I m currently troubled by a non-performing fundamentally sound counter, MMode. I think some speculators are actively trading in the rage of 0.66 - 0.68. I just wonder how much they can make in this tiny range, just 3%. This counter has applied to be listed in mainboard late May. Just wonder if the current situation is due to accumulating activity. Pls advise.
SS661M - my pleasure. You are fortunate to be under the guidance of KC whose FA knowledge is so vast. As for TA, in my opinion this is surely the best avenue to seek advice. Have a pleasant Sunday !
DESTINI Weekly Chart (Mid Term)—It has been trading inside the down trend channel for the past 3 months, but manages to stay above its mid term uptrend line.More sideways movement from $0.64 to $0.695 is expected. A break below $0.625 signal troubles for midterm. Daily Chart—May have found a new bottom at $0.625 and it is trying to break above its immediate downtrend line at $0.685.A break above this level signal Price reversal and it is expected to test its strong resistance at $0.71. At the moment it is trading sideways with downward biased, it is likely to test its immediate support at $0.66/0.65.Stop Loss if $0.62 is violated.
Inwest88 - good afternoon. I cannot find your good friend Kcchongnz's articles in i3investor. Had requested from him fee he is charging for his investment trading but yet to receive reply from him.
SS661M - welcome and thank you for dropping by. Below is my take on MMode.
MMode: It is consolidating at the moment on a side way trading range within the resistance of 0.695/0.70 and the support of 0.64/0.645. The key resistance price to overcome is 0.725 for any potential price reversal. On the daily chart, there is some accumulation taking place in the stock and it is also trading with a bullish Price/RSI divergence which implies some bullish bias in the price for the short term. The selling pressure on the stock also appears to have eased significantly.
You are right in that speculators trading this narrow range will not realize a hefty profit. However, traders accumulating within this range will probably be buying on the premise that its consolidation is nearing an end and it has bottomed out in this correction phase. They would expect the stock to re-test its high of 0.82 in the near future and ascend to new highs with its main board transfer as the catalyst.
Although FA and TA trading strategies can contradict each other, with both trading methods being effective in their own ways, I always believe that overtime, a stock will trade in the direction of its value. Based on Mmode's trading pattern, I wouldn't say that it is "a non-performing fundamentally sound counter". Its just that it went into a correction phase after a period of uptrend. As you are aware, no stock trends up non-stop. They need a breather in between which is healthy for the stock in the long run.
SS661M - the main reason why Mmode dipedd and corrected to this level is due to its latest quarter results posting lesser profit. In fact, this is the 2nd time it tumbled. Prior to this, it plunged to below 0.50 also due to poor financial results!
From what I gathered do far, there are 4 stages Stage 1 - rectangle trading pattern within a specified trading range Stage 2 - bullish, breakout and trending up Stage 3 - bearish and correcting,quite volatile Stage 4 - distribution
Not sure if I am correct in stating the above.
It is often stressed and indicated that for Stage 2, one have to set a trailing stop in case of a big pullback. Does this big pullback happen very often and why only confined to Stage 2? Am puzzled by this.
Hope my question does not sound odd or meanimgless.
tsy88. I m trying to pick up what u said. In the cases MMode, I draw a rectagular box enclosing the candles in horizontal trading pattern. The resistance is the 0.725 & support is 0.64. Now I m waiting for stage 2 or 3 to happen. If stage 2 happens & break 0.725 then Hallelujah....... If stage 3 happen & breaks 0.64 means sayonara. Am I right? If I m right what does distribution means? By the way, picking the 1st candle is a tough call. I wouldn't have enclosed the red candle indicating 0.725 resistance if I haven't read Profitman's comment.
LyyInvestor - LEONFB it's currently having some selling pressure going on. Gap support level at 0.585 and 0.575. Resistance level of 0.615 and 0.635. If it can break and maintain above 0.615 it will continue to re-test it's resistance level of 0.635 and thus maintain it's uptrend momentum. Stop-loss if 0.575 is violated Weekly charts shows a long tail shadow, which have some degree of bearish implication.
motomoto - IDEAL Stage 2, bullish. Support level of 0.63 and 0.535. Resistance level at 0.75 and 0.84. If it breaks 0.84 with volume then i would say that it's a cup and handle formation breakout, which is bullish. There's a possible of Bull Trap after breakout, Stop Loss at 0.75.
Yeo - BJAUTO, DRBHCOM, BRAHIMS BJAUTO: Uptrend still intact. Support level of 3.09 and 3.04. Resistance of 3.34. If it breaks the resistance of 3.34 it will head to an uncharted region. TP of 3.51 and 3.62. Stop loss at 3.04 Weekly chart shows: classical three white soldier formation
DRBHCOM: it's already breakout from it's downtrend line since 29/08/2014 and have found a new low of 2.1. Support level of 2.19 and immediate support level at 2.23. Resistance level of 2.3 and 2.32. Stop-loss if 2.19 is violated.
BRAHIMS: Still in bearish mode. Support level of 1.19 and 1.29/1.28. Resistance level of 1.36 and 1.39. Stop-loss if 1.19 is violated.
onghenhuat - SMRT-WA In my opinion it's now going to consolidate for a while. Support level of 0.575 and 0.535. Resistance level of 0.615 and 0.655. Stop-loss if 0.535 is violated.
Hi winwinborn, MFCB: Under consolidation between $2.20 and $2.27. Breaking above $2.27 with volume will have bullish implication. Such breakout will find immediate resistance at $2.30 and $2.36 before it can scale higher to re-test its previous high at $2.48. Further weakness will find immediate support at $2.20 and $2.15 respectively. Stop loss if $2.14 is violated.
Hi tsy88, ZECON: Under consolidation between $0.995 and $1.08. Breaking above $1.08 with volume will have A bullish implication. Immediate resistance is found at $1.04 and $1.08 before it can scale higher to an estimated TP of $1.16. Please note that there is a slight Price/RSI bearish divergence since 12/09. Further weakness will find immediate support at $0.995 follow with a strong support at $0.955. Stop loss if $0.95 is violated.
SYCAL: Under consolidation between $0.40 and $0.435. Currently, it seems to still have some selling pressure though has reduced since it started to retrace few days ago. Any further weakness will find immediate support at $0.40 and $0.385 respectively. If price movement reverses, it will find immediate resistance at $0.435. Breaking above $0.435 with volume will have a bullish implication and will re-test its previous high at $0.465. Stop loss if $0.38 is violated.
Hi gerry188, MMSV: Under consolidation between $0.41 and $0.47. Breaking above $0.47 with volume will have bullish implication which did happen on 18/09 but closed at $0.47 with huge volume. However, such great volume could be contributed by buying frenzy which could potentially ends up with some pull back due to heavy selling thereafter. We can see that the price did retrace and closed lower the next day and it formed a bearish harami which has potential price reversal implication. Any weakness due to further selling pressure will find immediate strong support at $0.44 and $0.41. If the price reverses and breaks above $0.47, it will try to scale to an estimated TP of $0.50/$0.535. Stop loss if $0.40 is violated.
belkg-JAG Jag is downtrending and its at an oversold situation. However accumulation can be seen and once the selling pressure is over a reversal is likely to happen. Watch for volume and confirmation of a technical reversal.It may drifts sideways if it fail to scale above the 20MA or 0.215 level. Resistance can be found at 0.225 and 0.23. Immediate supports are 0.205 and 0.195. As stop loss if 0.19 is triggered. Happy trading.
minkhim82-Ifcamsc-wa The mother share is uptrending and you need to check out whether the warrant is in money or out of money. Further do check the expiry of the warrant too. There seems to be some pullback on the warrant and drifting sideways but the uptrend is still intact Resistance are at 0.34 and 0.37. Supports can be found at 0.285 and 0.245. A stop loss if 0.24 is violated. Happy trading.
Hi KLSC, FITTERS: It is under consolidation between $1.31 and $1.40. Breaking above $1.40 will have a bullish implication to scale upward to an immediate TP of $1.46. Any weakness will find immediate support at $1.31 and $1.29. Stop Loss if $1.28 is violated.
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....
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"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 .