"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 .
johnnycash-Ken Ken may trend higher as its in bullish momentum.It tested the 1.20 level but could not sustain and failure to climb above this level could prompt a pullback and further consolidation. Resistance can be found at 1.17 and 1.20 levels. Immediate supports may be found at 1.07 and 1.02, where traders could exit on a breach of 1.02 level. Happy Trading.
jm678 - Thank you for your suggestion. We will certainly consider that for Stock in Focus. Sometimes we do not put in too many indicators because it confuses the chart and the reader. Also, during our analysis, we do not employ the full spectrum of indicators. We rely on a few key indicators and use the others to complement what we analyzed. Thank you for your suggestion.
It is bullish and is scaling new highs. Broke out from its pennant on 19/9 and touched a high of 0.39 on 22/9 with a gap up supported by a very high volume. The shooting star formed on 22/9 could signal some consolidation setting in. If the immediate support of 0.355/0.36, the gap support, is broken, it should find strong support at 0.315. If it continues its upward movement by taking out the resistance of 0.39, its target prices are 0.44 and 0.48. However in view of the spike in volume, if you are riding on profits, do review your trailing stop. It normally attracts profit taking activities.
Skyland - please note that TA cannot predict the future.
-------------------------------------------------------------- Posted by skyland > Sep 20, 2014 06:43 PM
TCB pls check efficien chart can limit up on monday?
The 30days Moving Average Volume of all stocks can be found in their i3 respective thread and also on your online trading screen.
Determining support and resistance levels are one of the most important aspect of TA. It has to be assessed from the chart and some softwares specify it for you by the click of a button. You may want to read up on support and resistance in some online TA articles to have a better grasp of it.
From your example, what it means is that the support of 0.77 was temporarily broken and tested but the bulls turned up to push the price to 0.79. Technically, no, the support has not been broken.
Inwest88 - good morning. Wow, your best stock picks yesterday. All of them went up except for 1,Pinepac. Presume you have made some gains. Hope today another fruitful day for you.
tsy88 - good morning. Had a good day yesterday with some intra gains on Ireka, Greenyb and Mclean (2 sen) and Mikromb (1 sen). More satisfying is finally having the opportunity to clear FCW bought 3 weeks ago) for a 21 sen gain. Also entered some Opensys and see how it goes today. Goodway looks to be coming back and Mikromb still looks strong.
GADANG---It is still trading below its immediate downtrend line, but with a possibility of more rebound after finding low of $1.70 lately. Any rebound should find immediate resistance at $1.78 if breaks should find strong resistance at $1.84. Any further weakness and if break below $1.70 should find strong support at $1.62. Stop Loss if $1.62 is violated
Uptrend is still intact and currently consolidating. Momentum on the stock is increasing. It is currently fluctuating between 1.77 and 1.82. Immediate support is at 1.76 while resistance is at 1.82. The tps if resistance is broken are 1.88 and 1.97. It could be poised for another run up in price barring any external shocks to the market.
Mind to share your TA on censof after it increased to 0.650 on the first half of trading day today. I bought in again on 0.650, I believe censof is undergoing wave 2 of the Elliot basic wave if I'm not mistaken? Please advice.
tsy88 - IRIS/ PNEPCB IRIS: Gap up with a Gap support of 0.41 and 0.40. immediate resistance at 0.43 and next resistance at 0.445. Stop-loss if 0.40 is violated.
PNEPCB: Under consolidation between the range of 1.02 and 1.06. Support level at 1.02 and 1.00. Resistance level of 1.06 and 1.09. Currently lack of momentum and volume. Stop-loss if 1.00 is violated.
Danlee - AT It's in uptrend at the moment, but the momentum for the uptrend produced isn't really strong. Support level at 0.095 and 0.11. Resistance level at 0.125 and 0.135. Stop-loss if 0.095 is violated.
belkg - TMCLIFE Bullish after breakout from the consolidation ranging from 0.475 and 0.485 on 19/09. Support level of 0.525 and 0.50. Immediate resistance at 0.58. TP of 0.605 and 0.62. Stop loss if 0.50 is violated.
kingcobra - sorry for the delay. No, we did not overlook your request but the person who was suppose to do it was overwhelmed with work in the office. That is why sometimes we can take days to respond. Anyway, here goes.
SEM:
Currently trading in a symmetrical triangle. Its immediate resistance is 1.74. A break out from the pattern would occur when it breaks the 1.82 resistance. A further break in 1.88 would lend more weight to the sustainability of the price reversal. Current support level lies at 1.67. In the short term you can probably expect more side way trading.
ENGTEX-- It broke out from the Bearish Descending Triangle on 21/08 and hit a high of $1.97 with increased volume . It subsequently hit my immediate target of $2.00 but fail to stay above $2.00 convincingly. A break above $2.00 will take it to the Gap Resistance of $2.10 and to my target of $2.20. Failure to stay above $2.00 may see it moving down towards immediate support of $1.96/$1.93. Stop Loss if $1.86 is violated.
tsy88 - good morning. The Dow and Euro markets all closed in the red. Have to see how our local market goes. Had a few sen intra gain on TAS yesterday and also sold 50% Nihsin to lock in profits.
Inwest88 - good morning. Congrats. Cleared Mitra and its wa at 1.03 and 59.5 yesterday with very gains, 7.5 for both mother and its wa. News that it secured 270 million contract and so it surged. Good timing. Bought Goodway and Opensys yesterday.
Inwest88 - dow down for 2nd straight with triple digits. But our market quite resilient and a lot of stocks will buck overall bearish tone. I see our index in the red again for today as in past few days! Have to trade WITH CAUTION.
Inwest88 - Homeriz again surged to another new high and scaled past 90. Looks nice. Feel like buying on pullback. Have guts feeling it will try 1.00 like Scib!
Inwest88 - Tas corrected frim high of 1.65 yo low 93.5,such a drastic pullback! Wanted to buy at that point but read from forum thread, dont catch a falling knife so did not enter.
Hi sunflower22, FITTERS: I have posted earlier on this stock: Sep 22, 2014 12:51 AM Hi KLSC, 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. Update (24/09 -2.25pm): Still under consolidation. It has broken the support of $1.31 yesterday and currently supported at $1.29. Further weakness will find strong support at $1.24/$1.23. Please take note that there is a private placement at $1.23 each which I believe has somewhat affected the recent price movement. Reference - http://klse.i3investor.com/blogs/valueinvestorresearchklse/60409.jsp
Hi Jerry DS, MMSV: I have posted on this stock earlier: Sep 22, 2014 12:18 AM Hi gerry188, 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.
Update (24/09 – 2.45pm): It is bullish when it broke and closed above $0.47 on 22/09. It has scaled beyond its all-time high at $0.55 and now moving into uncharted territory. Scaling further up will find immediate resistance at $0.60. If you are already trading this stock, do set trailing stop to protect your profit/capital in case of any pull back. Any pull back due to profit taking or overbought situation will find immediate support at $0.515 and strong support at $0.48.
(i) MYEG - revised TP at RM5.20 by CIMB to FY2016 P/E (ii) SHL - Initiation by RHB research at RM5. SHL has cash of RM289m. (iii) YILAI - Potential RTO by Wah Seong's non-core O&G assets, technical looks good, just like Lay Hong yesterday, closing at 5 year high
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 .