"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 .
tsy88 and Dunknow - good morning. With the Dow plunging almost close to 300 points, probably there are opportunities to collect some good counters at low prices.
good morning to you,inwest88...you are early today...hmm,really worried on today's market....just wondering if this is correction or sign of market down?
gooding morning to you too,TSY88,matrixcool,profitman & a dedicated TCB reader...cheerrrrr
Dunknow - if it is the start of correction (in fact started about a week ago), then the conditions are not suitable for intra day or contra trading. Having said that there will still be counters going up but it will indeed be tough to pick them out. No need to rush unto things, cash is king now !
Inwest88 - good morning. Yeah, another steep fall on the Dow. Today will be another sea of red again which will provide buying opportunities. Some stocks are battered down ! Cash is king, no doubt about it. Have a productive day ahead!
Dunknow - good morning. Our market is definitely in correction mode now. Do not know to what level it will bottom out, so have to be careful now, Do not be hasty. Have a good day.
tsy88 & Inwest88,thanks for the explaination...currently holding few losing stock...hope to recover soon ...yup,cash is the king now,no intra or contra gain at this moment...
Inwest88, tsy88, Dunknow, riff, michaelwoo and all - Good morning.
The market is indeed bearish and I believe the Emas Index has broken down from its uptrend line. Irregardless, it is important to trade based on your trading plan. Inwest, is right, cash is king now. And as a friendly reminder, it is important to note that you may want to patiently wait for selling pressures to wane before considering taking position if you intend to bottom fish or you will end up catching a falling knife.
michaelwoo - welcome and thanks for dropping by. Well, this is an open forum which you can pop by anytime and if you need to seek TA on stocks, just post your request here. We will need a bit of time to respond but we will definitely respond. But do note that our response is not a recommendation to buy or sell and we do not recommend stocks here.
This is a place where we share information and you can contribute any information that you so wish as we believe in learning from each other. But we are strong advocates of trading with a plan to minimize losses, especially during times like now and maximize profits.
aiyoh this type of market i think wave 1 2 3 n 4 also no point.better cut loss and lari before thunder waves comes. i shed more blood then the sea of blood u see today. take care and happy lari
Hi Profitman. Thanks for the detailed info and noted with thanks. Need TA advice on this counter Pasdec. Got caught on this counter and don't know how to go about it.
Good morning Dunknow / tsy88. Hopefully the local market will behave like US. The Dow is so volatile in the last 2 weeks and now with the Fed hinting that interest rates will stay near to zero rates, the buying frenzy returned, igniting the biggest rally (gain of 275 points) in the index this year.
Inwest88 - good morning. Yesterday was even worse with 900+ losers and only a handful of gainers and most stocks gapping down! With Dow recouping all of the previous day's losses, let's hope today brings us a meaningful rebound ahead of budget day tomorrow. Happy trading.
Profitman- thanks for your reminder. You are absolutely right,do not catch a falling knife! Our index looks pretty ugly and one needs to be very,very careful now in trading/investing. Have a good day!
Still in a correction phase and may have found a good support level at 0.54. Immediate resistance is at 0.58 and is an important resistance to overcome at the moment in order to test its next resistance at 0.66. The selling momentum seems to be tailing off and may go into a sideway consolidation phase if 0.58 is not taken out.
Perhaps you may want to look into the FA aspects too to help you decide better. A quick scan of its FA revealed that in 2013 it recorded a decreased revenue and had there not been a substantial gain on disposal of quoted investment, it could very well have a recorded a drop in profits too. However, they did improved their performance in its latest quarterly report. In 2013, they had an increased negative cash flow position from operations. Please note that this is just a quick scan of its financial statements. So, the company will need an improved performance this year as one of the catalyst to a higher stock price.
Besides the option of holding on to the stock, you may want to consider releasing capital from this investment to enable you to re-channel your investment into other more profitable trades. These are just some of the considerations to look at and you will also need to know why you invested into this stock in the first place. It could be based on certain expectations on the company and are these expectations still valid now.
These are just some of the angles you can explore to help you decide on what your next step is. Hope this helps.
hi profitman .... are u a proud owner of censof ??? if yes ... give u two thumbs up :) :) cheers !! p/s - so in awe of your awesome advice re. pasdec :)
Connie - yes, I am trading Censof. GST themed counters seems to be the order of the day. After the sea of reds, its good to see greens for a change. Thanks. Great to see you here as always.
tiongms-AT As mrkt recovers and holding steady, AT is having a meaningful reversal.Accumulation can be seen and indicators are in positive region. If market sentiment is bullish, resistance can be found at 0.105 and 0.12. Supports are at 0.09 and 0.085. A stop loss if 0.08 is triggered. Happy trading.
sunflower22-L&G A nice hammer has formed yesterday on closing with a weak market sentiment.L&G recovers healthy today and is poised to surge back after shares prices has a hard hit yesterday.Candlesticks and improving indicators coupled with increased volume shows signs of reversal.If Market keep trending up progressively next resistance can be seen at 0.58,0.62 and 0.64. Supports are located at 0.56 and 0.545. A stop Cut loss if 0.54 is violated. Happy trading
Currently consolidating sideways with immediate support at 0.405. It is unable to clear the 0.43 resistance. Could be trading range bound in the short term. Shares buy back could be seen as a confidence builder to investors.
As at 6/10 by stay_foolish
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.
------------------------------------------------------------- Posted by TraderR88 > Oct 7, 2014 01:31 PM | Report Abuse
Good day all TCB masters here, can please advice on MEGB? Recent lotsa shares buy back by shareholders, good news? Thanks in advance..
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 .