"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 .
Immediate support is at 1.50. Its resistance levels are 1.60, 1.73 and 1.80. The recommended stop loss is 1.49 if it downtrends again. It broke the 1.60 resistance with volume today and looked pretty strong going forward.
Dutaland:
Remains bullish. If it breaks 0.83 with volume, it will resume its uptrend. It has support at 0.76.
appreciated your sharing. Money has been diverted to another after the harvesting from TALIWORK from RM1.40 to RM1.95.As usual I will tumpang happy on your guys profiting from the undervalued counter. Market is getting more volatile and downsizing. With Natural Market Sieving effect I believe we gonna enjoy easier stock selection and off course the most perfect LAZO cut will reflect the most!
have a wonderful sharing and trading journey gentleman cool.
Profitman - thanks for reading on Dsonic and Dutaland. Appreciated. Entered Dsonic at 1.54 on Tuesday and cleared yesterday at 1.65. Comtemplating on entering Dutaland at the mentioned support of 76.
tsy88 / Dunknow - good morning. With the Dow dropping 200 over points, I reckon it will affect the local market but to what extent we do not know. Thus one has to be really very selective in picking the right counters. The market environment will not favor intra-day trades.
tsy88,marco9,trader88-Homeriz World mrkt have been hit by toxic,'October malasie of Hong Kong uprising,interet hike,local petrol hike spell doldrums. Homeriz's uptrend is still intact despite weak mkkt situation.Poised for further rebound as technical are on the mend.Key resistance can be found at 0.93 and 0.965 on a technical rebound.Supports are at 0.88 and 0.855. A stop loss if 0.855 is triggered. Trade with a plan.
tsy99 - good morning. Still busy with work and thus no time for quick trades and also partly due the poor market conditions. Managed to cut losses on some counters. Hopefully the market can recover to a more stable condition.
Good morning. Cut loss on Knm yesterday, bought at 93.5 and cleared at 91.5. Dow down only 3.66 so hope today market recovers some lost ground. Wanted to enter TmcLife at 63 but did not because yesterday was forced selling for high of 67 done and was afraid it might succumb to selling pressure. Luckily, it went to low of 59.5 and closed at 60.
We are having another long break as Monday market closed in view of Haji so probably market will be quietand subdued.
Still on a downtrend. It formed a doji on 2/10 followed by a bullish candle on 3/10, a slight hint that it could be bullish in the short term. For a price reversal, it needs to break 1.34 with volume and scale past 1.41 for any meaningful reversal. Immediate support is at 1.21. If 1.21 is broken you can expect it to trend towards 1.10. Immediate resistance is located at 1.29. There is some accumulation taking place in the stock.
Undergoing correction at the moment and is testing the resilience of its uptrend when it closed at 4.32. Any further break down from this price would break its uptrend line and send it into further correction to test its support at 4.28 and 4.23. Immediate resistance is 4.60. As suggested by Lz earlier, you may want to consider a stop loss if 4.23 is violated.
As at Sep 27, 2014 09:03 PM by Lz:
KSL: Still in uptrend but judging from the volume it seems that it's going to retest it's uptrend trend-line soon. Immediate resistance level at 4.74 and next resistance level is 4.97. Support level at 4.46 and 4.23. Stop-loss if 4.23 is violated.
As analysed by Lz earlier, the bearish implications came to its fruition on 1/10 and is now under consolidation. On the weekly chart, there is a dark cloud formation implicating further possible weakness.
Its gap support at 0.585/0.575 remains intact as it traded off its low of 0.59 to close at 0.595 on 3/10. On strength, it will need to overcome its resistance at 0.625 before attempting 0.655 again. Should the gap support be broken, it will need to fall back on further support levels at 0.555 and 0.53. You may want to consider a stop loss at 0.565.
Happy holidays.
---------------------------------- As at Sep 21, 2014 08:58 PM by Lz:
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.
tsy88 - KGB, WZSATU KGB: rounding bottom pattern with a low of 0.405 and a high of 0.485. Support level currently at 0.455 and 0.435. immediate resistance level of 0.48/0.485 and next resistance level at 0.495. If it were to take out 0.48/0.485 with volume then it will be a rounding bottom breakout and will go and retest 0.495. TP at 0.545 and 0.565. Stop-loss if 0.435 is violated and trailing-stop at 0.485/0.48, if there's a bull trap after breakout.
WZSATU: Bullish, still in uptrend. Support level of 2.36 and 2.48. resistance level at 2.66 and 2.75. If 2.75 were to taken out, it will head to an uncharted region. TP of 2.75 and 2.83. Do take note that there's daily RSI divergence. Stop-loss/trailing stop if 2.36 is violated.
Thanks for reading on Kgb and WzSatu. Really appreciate. Wanted to enter WzSatu on Friay at 2.53 but dare not in view of weak sentiment. Since there's daily RSI divergence and stop loss of 2.36 is too great, will not chase. Kgb may be a better entry and may consider.
Successfully broke out from its descending triangle on 29/8. It is bullish and is now consolidating. Currently enjoying good support at 0.56. A break from 0.59/0.60 would reconvene its bullish trend and would see it testing the resilience of the 0.62 resistance. A strong bullish momentum would take it to its immediate tp of 0.65 before attempting to realize tps at 0.71, 0.74 and 0.80. Any break down from 0.56, is a signal of weakness in the stock and you may want to consider a stop loss at 0.53/0.54 depending on your risk appetite.
Stage 3 of Market Cycle-Distribution which the price can be volatile. Failed to stay above $0.19 to breakout from Rounding Bottom. It is expected to consolidate between $0.16 and $0.19 in near term. A break above $0.19 will further test $0.205/$0.22 and TP at $0.30. A break below $0.16 may find Strong support at $0.14.
Mclean
Stage 3 of Market Cycle-Distribution which the price can be volatile. Breakout from Rounding Bottom on 19/08 which has TP at $0.30. After hitting high at $0.28, the price dropped and currently trading at $ 0.24. It is expected to trading between $0.21 and $0.26 in near term. A break above $0.26 will further test $0.28/$0.30 and New TP at $0.38. A break below $0.21 may find strong support at $0.185.
Stage 4 of Market Cycle which is still very Bearish. It is still trading in Downward Channel. Formed Spinning Bottom on 18/09 which indicate Price Reversal. Further Resistance 1 is $0.43 and resistance 2 at $0.45/ $0.485. Any weakness may find $0.395 as support 1 and stronger support at $0.365.
MUIID
Weekly Chart- Stage 2 of Market Cycle which is very bullish. It breakout from Rounding Bottom and also break the previous high at $0.295. TP 1 is $0.355 and TP 2 is $0.4 and final target at $0.435.
Daily Chart- Breakout at $0.295 on 29/09 which is very bullish. However, the next day followed by a Spinning Top with volume indicate the indecision of investors. Need to stay above $0.295 to further test resistance 1 at $0.32 and resistance 2 at $0. 355 and beyond. Any weakness due to Taking profit or Panic Selling should find $0.27/$0.28. Strong Resistance at $0.245.
SUPERMX (7106) —As suggested it break out from its round bottoms at $2.28 with volume last Friday which carry an immediate target of $2.40 & beyond. Any weakness should find immediate support at $2.28(Resistance turns support) and as long as it stays above $2.28 it is expected to test its immediate resistance at $2.32/$2.35. For a short term trader stops loss if $2.25 is violated. For mid term trader your Stop Loss if $2.17 is violated.
stay_foolish - thanks alot for analysis on Asiabio, Mclean, Megb and MUIind. Noted and appreciated. Also, thanks for your greetings and same to you too!
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 .