"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-MUH After retracing due to market sell down, MUH’s share price has reversed and posied to keep uptrending. Hence, share price is likely to trend higher amid greater participation, as yesterday’s volume has increased respectively. Moreover, daily oscillators are hooking up, suggesting imminent resumption of uptrend. Upside targets are at 1.83,2.02 and 2.14 whilst supports fall on 1.40 and 1.30. A stop loss if 1.20 is triggered. Happy Trading.
Dunknow - re ri of Knm, normaly price will go down after it goes ex. May be pushed up before that,it all depends. As for Myeg, prices are HIGHLY volatile, thus cant chase!
good morning tsy88...yup,yeah sis ..we shall see the green green green...it's good for your eyes,isn't...just hope that it wouldn't plunge in the 2nd session as the market still in bearish ...
Dunknow - I am fine, thanks. Was rather busy last week thus didn't do any trades but towards the close on Friday took up positions in a few stocks. Hopefully can reap some small gains today.
Inwest88 - good morning. So nice to hear from you again. Lucky thing you were busy! Friday's rebound looks convincing. Also bought some stocks on Friday. Hopefully market can sustain.
Dear Yoda88, thank you for yor reading on TekSeng. It surge high and soften abit later today but did not break .885. Let's see if its gonna try harder in the 2nd session,Thanks again.
Inwest88 - good morning. Cleared L&G with minimal gain and had intra day 2 cents gain on Jiankun which was posted by Matrixcool over the weekend as very bullish. Cleared Inari too early on Friday. Wanted to buy Muh but it gapped up too much! Hope you had some good gains yesterday. Have another productive day ahead!
tsy88 - I too cleared my counters bought last Friday. Jiankun had the best gain at 6 sen (bought earlier) and the rest with marginal gains and with 1 at breakeven and 1 with a 0.5 sen loss.
inwest88 & tsy88 ~ bought the seaceraWB at 0.555,and then it plunge to 0.495...kinda of dissapointed & but i don't know the stop loss for this...may clear at 0.480 today...
Dunknow - if you are not familiar how warrant works, suggest not to touch. They are highly volatile. If you want to play Seacera I reckon the mother share is safer as the warrant is commanding a high premium. If the market can hold today perhaps you can fetch a higher price .
The warrants for Seacera is illiquid, thus the volatility. Also must consider the expiry date and the price of mother and warrant to ascertain it's hearing and ptemium/ discount
Currently unable to break out out of 1.35, a stubborn resistance to overcome which if successfully penetrated with volume, will mark a price reversal for the stock. Indications are that it will likely consolidate further in the very short term. It should have strong support at 1.14. Strong resistance at 1.48.
hi profitman ... maybe u shud change your nic now to busyman :) always peeping here for your chart reading but u are hardly around :(:( just wanna drop in to wish u happy hols !!
It has found a bottom at 0.21 and is currently consolidating. Has a strong immediate support at 0.23. Need to take out the resistance at 0.30 in order to trend higher. Will likely be trading range bound in the short term. Any positive market sentiments could see it testing the 0.30 resistance again.
On behalf of TCB, we wish all our Indian friends a very Happy Deepavali and to all others, Happy Holiday. To all who travels, have a safe and enjoyable journey to your destination.
Profitman - good morning and "Happy Deepavali". Thanks for analysis on Elsoft. Noted and appreciated. Will monitor and wait for it to overcome the stubborn resistance of 1.35!
Dunknow - good morning and "Happy Deepavali". Just saw your posting on Seacera Wb. Yeah, Inwest88 is right, with a 1.00 conversion to mother share, premium is indeed very high at 63% although expiry is still long way to go. Luckily it climbed up yesterday. If you had not cut, can wait till Thursday and you might a higher level. Volume for the warrant is very little and you bought at almost the high of your entry day.
Inwest88- good morning and "Happy "Deepavali". Dow up 200+ last night. Hope today continue to up again. Never expect Jiankun to rally so much yesterday! Did you re-enter? I certainly did not. Congrats to you if you had.
Inwest88 - yesterday I did intra day on Wzsatu. It went ex yesterday giving free warrants 1 for 2. Noticed that there were very few sellers and was bucking overall trend with most counters in the red. Normally price will go down when it goes ex but surprisingly,it went up. Bought at 2.18 and cleared at 2.39. Still looks good and closed at almost the highest at 2.43!
Tsy88 .. yeah, I am inexperienced in thus...thanks for inwest88 advice, appreciate much much..I haven't sell, might wait for Thursday...hopefully it's geen for DJ today...
Dunknow - rights issues as you know is a means for companies to raise capital by selling additional shares at a discount and sometimes with warrants thrown in as a sweetener.
Whether the price rallies or not depends on how attractive the deal is and what the additional capital is utilized for. Do bear in mind that after the exercise, there will be a dilution in the shares.
-------------------------------------------------------- Posted by Dunknow > Oct 18, 2014 09:57 AM
tsy88 - i didn't do any trading since early last week as the market sentiment is going from bad to worse...hihi,also I am new & inexperience,so I just stay aside...do you have any nice stock?how about MYEG?or maybe KNM? I am confuse as KNM are proposing the right issue with free warrant,but some forummer said it will make the share price drop?I thought when the propose the issue right,the share price should rally?Can share view?thanks
Dunknow - just to add on to Inwest88 and tsy88, warrants usually track the movement of the mother share but can be more volatile. A lot of people trade warrants because it is a cheaper entry point into the stock but some without knowing the conversion price and expiry date of the warrant. The latter is the reason why warrants can be volatile.
Do remember too that warrants are not entitled to dividends like the mother share, so, people may tend to liquidate their positions quicker adding to the volatility. As Inwest advised, do check the warrant details before trading it.
Seacera WB seems to have good support at 0.45 with a 0.56 resistance. It attempted a re-test of the resistance on 17/10 but failed as it was not supported with volume.
michaelwoo - K1 after rebounding, it seems that it is going to consolidate between the range of 0.27 and 0.23. Support level are 0.23 and 0.215, resistance level of 0.27 and 0.3. It's now lack of momentum, it needs to overcome and stay above the resistance level of 0.27 to be bullish again. Stop-loss if 0.215 is violated.
tsy88 - INARI Inari has already broke the steep downtrend line. It has a resistance level of 2.80 and 2.89. Support level of 2.58 and 2.04. For a confirmation of price reversal it must overcome 2.80 and stay above it or else it will most likely consolidate. Weekly chart shows a candlestick with a long tail which can be a sign for price reversal. Stop-loss if 2.53 is violated for short-term trader and 2.04 for mid-term trader.
Profitman -thanks so much for reading on Inari. Noted and appreciated! Had bought and cleared on day I sought your Ta analysis and was thinking to re-enter but dared not chase at higher level as market sentiment was weak.
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 .