"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 -rchi? Of course, how can I miss him? A true and valued friend who supports and stands by me all this while. He's the warrant king with the eye of an eagle. Definitely you can stand to gain when you see his calls.
But i do pick losers too, remember to take your losses early if the stocks i picked turned against us. Whether it is Bull/Bear market, Discipline and a Trading Plan are the only way to make money consistently in KLSE. Oh, remember to lock in profits whenever opportunity arises.
I am a very discipline student.. will follow the trading plan to cut losses and to lock in profits accordingly. I believe dunknow and others forummers here will listen to your advice and do the same too :-)
tsy88 - have locked in all my gains on those counters purchased yesterday. Euro markets are in the red on opening and I reckon the local market also needs breather, at least for the time being.
Inwest88 - also locked in profits and cleared all today. Had good gains on some. Market may fall back again after this strong relentless rebound. Congrats to you on your gains.
rchi - what a pleasant surprise to see you here. I am okay - as usual making some small money for beer / whisky. I am sure you are reapimgg massive profits on your favorite counters (Pmetal / KSL). Enjoy your week-end brudder.
Tsy88 a very good morning to u...no, sold at 0.475...:(...but it's ok, some times we lose some times we win...that is part of the games...actually i am not in malaysia, so just have to let go as there is no wi-fi in certain place...however lock in profit for ifcamsc by contra gain...as matrix said, lock in profit when opportunity arises...hihi
Dunknow - yeah, sometimes we lose and other times we lose. We have to take it all in our stride. I also have locked in my profit for Ifcamsc. Have a great time and enjoy yourself wherever you are.
tsy88 - DPS, PFCE DPS: it broke out from it's downtrend line, but the volume is not convincing, so you might need to be cautious with this. Support level at 0.125 and 0.115. Immediate resistance at 0.140 and next resistance at 0.155. If it can't overcome it's resistance level of 0.140, it will be mostly likely go into a consolidation period. Stop-loss if 0.115 is violated.
PFCE: Stage 3. Trading in the range of 0.35 and 0.41. It broke out from the consolidation on 30/09 but fails to maintain above 0.41. Support level at 0.35 and 0.37. Resistance level of 0.41 and 0.43. It needs to overcome the resistance of 0.41 and maintain above it to be bullish. Stop-loss if 0.35 is violated.
Since breaking out to a high of 0.67, it has corrected to its pre-breakout price level and is now attempting another run up. It has temporarily filled the gap resistance of 0.515/0.525. The support base at 0.47 is still intact. Its immediate support of 0.515 should hold but is facing stiff resistance at 0.545. If broken, will need to overcome 0.56 before re-testing 0.595.
May I learn something from you guys? Mind to share the stock price outlook for CCM?
Apart from that, can I learn when we spotted a high potential counter for near term rise. If the volume is too less (consider dead stock) the linear or consolidated level can be used as key indicator?
Thanks in advance to learn from your expert advice.
Stage 2 of Market Cycle which is bullish. It is still trading on Upward Trend line. It is expected to break above $1.55 which has immediate target at $1.73. Resistance 1 at $1.6 and resistance 2 at $1.65. Any weakness due to profit taking may find $1.44 as immediate support and strong support at $1.37. For short term trader, cut loss if $1.37 is violated. For medium term trader, cut loss if $1.31 is violated.
Stage 3 of Market Cycle- Distribution which the price can be volatile. After hitting high at $0.285 on 26/08, it dropped back to the Rectangle Trading between $0.155 and $0.215 since then.On 23/10, It breakout from Downward Channel but the volume is less convincing. It is expected to retest resistance at $0.215. If break above $0.215, which may have immediate target at $0.285. Resistance 1 at $0.235 and Resistance 2 at $0.255. Any weakness may find $0.185 and $0.195 as immediate support. Strong support at $0.155. Cut loss if $0.155 is violated.
Stage 4 of Market Cycle- Bearish. It is still trading in Downward Channel. Strong resistance at $1.03 as it is an Down-trend Line. It formed a Spinning Top on last trading day which may indicate the price indecision. Need to wait for next candle to confirm the signal. Any weakness may find $0.89 as immediate support and $0.815 as Stronger Support at $0.815. For short term trader, cut loss if 0.815 is violated. For medium term trader, cut loss if $0.755 is violated.
rob_z3_man > Oct 24, 2014 Dear TCB, may I have a reading for MMSV pls.
MMSV(0113) —I did a quick trade on MMSV and sold last Friday because it is still on Technical Rebound. It is sitting on its previous uptrend line at $0.505 (Support turns Resistance).As long as it can stay above this line the landscape looks good for further advance.Last Friday it opened with a big gap and there is a concern that this gap may get to be filled at $0.495/$0.48. (Now turns to be its immediate support). A break above $0.515 it is expected to test $0.53/ $0.56 and the previous high of $0.62. Stop Loss if $0.43 is violated.
tsy88-SCIB SCIB's shares have been on an uptrend since last month.Coupled with postive reading from all oscillators, suggest that share prices are expected to move higher towards 1.15 and 1.17 before heading towards a measuring objective of 1.22 level accompany with good market sentiment and volume.Breaching below the support near 0.98 will drive share prices lower towards 0.86. A stop loss if 0.86 is violated. Happy trading.
tsy88-Huayang The recent performance is expected to continue in the medium term as share prices gap up with volume last Friday. Moreover, weekly chart shows that the bullish trend is firm substantiated by its bullish tone in weekly oscillators. However, share prices did not manage to break above the upper band and this might have some pullback in share prices.Further upside targets are located at 2.41,2.48 and 2.52. Major supports are situated at 2.23 and 1.16. Cut loss below if 2.16 is breached. Happy trading.
Hi excel, FITTERS: After hitting a low of $0.695 on 16/10, the price went up the next day and formed a morning star pattern. Since then the price has been trending upward motion. It needs to break above $0.875 with volume in order to have a bullish implication (buy signal). Its immediate strong resistance is at $0.845 follow by $0.875. Though the volume in the last few trading days are low (less than 30d MA), the RSI is in upward trend. Successful breakout with volume will bring to an estimated TP of $1.00/1.06. If fail to breakout, it may likely go into consolidation. Any weakness due to profit taking will find immediate support at $0.745 and $0.695 respectively. Stop loss if $0.695 is violated.
Hi hanis, BARAKAH: After hitting a low of $1.05 on 16/10, the price went up the next day and formed a last engulfing bottom. Since then the price has trended upward. It needs to break above the downtrend line (at $1.35 but lower following days) with volume in order to have a bullish implication (buy signal). Price resuming upward will find immediate resistance at $1.35 and $1.40 respectively before it can scale higher. Failure to breakout may take it into consolidation mode. Any weakness due to profit taking will find immediate strong support at $1.24/$1.19/$1.15 respectively. Stop loss if $1.14 is violated.
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 .