"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 .
Good evening ... hahaha,just have a bit of quotes for sharing "let us be grateful to the people who make us happy;they are the charming gardeners who make our souls blosson"...thanks TCB and all the greatest forummer ... nite nite
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.
Since the 16/9, it hit a high of 0.345, short of the 0.36 tp. It is now under consolidation with an immediate support of 0.24. If this support is broken, it will trend towards the next support at 0.19/0.195. The immediate resistance is 0.30 and the strong resistance is expected at 0.325/0.33.
As at Sep 16, 2014 08:58 PM :
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.
winwinborn - the breakout of MFCB, as suggested by sunlight, came on 29/9 and is now bullish. Some traders do trade it when it first breakout from 2.27 but since it has now gap up, you are right, it is best not to chase it.
Hi cherry tomato - regret for the delay in posting, UMWOG: It is currently under consolidation. Breaking above $3.92 with volume will have bullish implication which will have an estimated TP of $4.03. However, it will first find immediate strong resistance at $3.97 and $3.99/$4.00 respectively before it scale higher. Any weakness will find immediate support at $3.83 and $3.80 respectively. Stop loss if $3.80 is violated.
Hi Dunknow – regret for the delay in posting, DELEUM: It is under correction moving sideways. It seems to be currently supported at $2.30. Based on the candlestick – graveyard doji and shooting stars formed last 2 trading days with decreasing buying volume at resistance area implies potential bearishness. Any weakness will find immediate good support at $2.25 and $2.18. Breaking and closing above the downtrend line (currently at $2.31 but lower following days) with volume will have bullish implication which brings an immediate estimated TP of $2.44. However, it will first find immediate strong resistance at $2.36 and $2.40 respectively. Stop loss if $2.18 is violated.
Hi onghenghuat & teyl333, PJDEV-WC: Under sideway consolidation. It is currently supported at $0.98. The selling pressure seems to be reducing in the last 3 trading days (smaller red bodies with reducing volume). Price reversal will find immediate strong resistance at $1.00/1.01 and $1.05 respectively. Breaking and closing above $1.05 with volume will have bullish implication which brings an estimated TP of $1.12. Further weakness will find immediate support at $0.94. Stop loss if $0.93 is violated.
Inwest88 - good morning. Bought Tekseng yesterday after receiving alert from Matrix. No gain yesterday. Hope today you have ample time to transact some quick fun trades. Good luck to you.
1. Dsonic. Very attractive level currently, not sure if it will break 1.50! Thinking of entering at this level. What would be support, resistance and stop loss for this stock?
2. Dutaland - looks to be trending up. More upside in store?
TraderR88, I did the chart reading for my email readers 2 days ago.(30/09)
GOODWAY(7192) —Goodway shows first sign of weakness by closing below $0.60 today.Formed an Engulfing Bear so unless $0.61 is taken out more downward movement can be expected. It may retest its immediate support of $0.575 and strong support at $0.555/$0.545.Stop Loss if $0.54 is violated for short term traders. I may clear more to protect my profits. ( Cannot break $0.59 and hopefully break high of $0.61). (P/RSI Bearish Divergence)
@Matrixcool, thanks for the analysis. Is it advisable to hold long for this counter? Btw, how to subscribe to your email ??
TraderR88, I did the chart reading for my email readers 2 days ago.(30/09)
GOODWAY(7192) —Goodway shows first sign of weakness by closing below $0.60 today.Formed an Engulfing Bear so unless $0.61 is taken out more downward movement can be expected. It may retest its immediate support of $0.575 and strong support at $0.555/$0.545.Stop Loss if $0.54 is violated for short term traders. I may clear more to protect my profits. ( Cannot break $0.59 and hopefully break high of $0.61). (P/RSI Bearish Divergence)
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 .