Posted by Dunknow > 2014-11-02 09:36 | Report Abuse

Morning tsy 88...u r so early in the weekend...let's do it for profitable Novembery

Posted by Dunknow > 2014-11-02 09:38 | Report Abuse

Good morning bro Profitman...thanks for your explanation on the gaps...getting more idea for that...will do some research on TA...a wonderful sunday for u and ur family

Posted by cherry tomato > 2014-11-02 09:52 | Report Abuse

TQ profitman for info on gaps.

Posted by tsy88 > 2014-11-02 09:55 | Report Abuse

Dunknow - haha, at that time I just woke up!

Posted by hanis > 2014-11-02 10:06 | Report Abuse

dear profitman, tq for the pdz reading

Posted by tsy88 > 2014-11-02 10:34 | Report Abuse

Dear TCB -

Kindly take a look at Tekseng. The company announced issue of free warrants on Thurday evening after market close. Thereby Tekseng gapped up the next day backed by this positive news and broke its high of $0.885 during intra day. However it closed at almost its low of the day at $0.865.

My question is : can this be considered a Bull Trap in the making? Or further observation is needed if it can stay above $0.885 in coming days to warrant a breakout? Lower close on Friday may reflect weekend selling perhaps?

Almost wanted to jump in on Friday but scared that it may be a Bull Trap. Was caught many a time in this scenario. Matrixcool had highlighted Bull and Bear traps to us recently and to watch out for these.

Your views and analysis on Tekseng will be most aporeciated!

Posted by sunflower22 > 2014-11-02 13:10 | Report Abuse

Profitman, thank you very much for the detailed explanation on gaps.

Posted by ProfitMan > 2014-11-02 20:23 | Report Abuse

tsy88 - you are right to be concerned about a bull trap. Tekseng is trading in an ascending triangle. Although it gapped up, it did not managed a breakout from this trading pattern. Yes, you are correct. It needs to break the resistance of 0.885 and consistently stay above it with volume. At the moment, there is a bullish bias to the stock. The support is now at 0.86. As the stock has not broken out, it is not a bull trap in the making. It is still facing strong resistance to break out. A break out will possibly take it onto another potential bullish path. You may want to consider a stop loss at 0.845.

Posted by ProfitMan > 2014-11-02 20:26 | Report Abuse

tsy88/dunknow/cherry tomato/sunflower22/hanis - you are all most welcome.

Posted by stay_foolish > 2014-11-02 20:41 | Report Abuse

NickyBoy

Knm

Stage 4 of Market Cycle which is still Bearish at the moment. It is still trading in Downtrend Line. Need to stay above $0.86 to breakout from Downtrend Line. Any weakness may find $0.79 as immediate support and $0.73 as strong support. For Short Term Trader, may want to cut loss if $0.73 is violated. For Medium Term Trader, may wan to cut loss if $0.67 is violated.

Posted by stay_foolish > 2014-11-02 20:53 | Report Abuse

Layyf

MMSV

Matrixcool did comment on 24/10

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.On 24/10, 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.

After reading today

The situation is still remain the same. Congrats if you are one of the winner. Do remember to set trailing stop to protect your profit :)

Happy Trading

Posted by yoda88 > 2014-11-02 22:35 | Report Abuse

NickyBoy-SYCAL
The share has been uptrending since 23Oct 2014 and having a pullback going into consolidation.However the uptrend is still intact as long as it can stay above the 20MA with a strong support at 0.385.
Noticeably a positive divergence formation on hourly chart indicates share prices holding well. Moreover, weekly chart also shows potential upside. Upside targets are at 0.415,0.425 and 0.435.
Supports at 0.385 and 0.36. Cut loss if 0.35 id triggered.
Happy Trading.

Posted by matrixcool > 2014-11-02 23:35 | Report Abuse

Due to I cannot use Google Email in China, I will update my stocks here in TCB.
IFCA and SMRT performed really well last week, for those that still riding on it remember to set a Trailing Stop to protect your profits.

02/11/2014 Weekly Summary:

My Top Pick Of The Week

YGL (0086) —Broke out from Ascending Triangle on 29/10 at $0.33 with volume it is very bullish and carries an target of $0.54 in medium term. The uptrend takes a little pause last 2 days but it is expected to break above its immediate resistance at $0.385 and try resistances at $0.40/$0.43/$0.46 with very strong resistance at $0.50. Immediate support adjusts to $0.355/$0.345 with stronger support at $0.33(Resistance turns Support). For short term trader you may want to stop loss if $0.30 is violated and medium term trader your stop loss is If $0.265 is violated.

QUICK Trade:

SEACERA (7073)—Finally it break out from its Downtrend line last Friday with volume.It has turned bullish and more upward movement can be expected in near future.Due to many traders being caught on this counter earlier one can expects some selling when it is moving up.But any weakness offer opportunity to collect,immediate support adjust to $1.05/$1.03. It is expected to retest $1.14 and if break will try next resistance at $1.20.Very Strong Resistance at $1.26/$1.32. (Action: Buy on any weakness towards supports).

IDEAL (0081) —It is expected to test $0.60 and very strong Resistance at $0.63(Its immediate Downtrend Line).A break above this level signal Trend Reversal it is expected to move higher to $0.65 /$0.70 / $0.75. Any consolidation will find immediate support at $0.54 with strong support at $0.525. Stop Loss if <$0.475. (Action: I may scale in if it can breaks above $0.63)

Short Term Trade

PELIKAN (5231)—It is trading sideways and having some difficulty to break $1.24. Immediate support adjusts to $1.18/$1.16. A break above $1.24 it is expected to test $1.26/$1.30/$1.35. (Action:Sideways and will look at it when break above $1.24 ).

VS(6963)—As suggested it breakout from the Triangle to continue its uptrend movement. It is expected to test its immediate resistance at $2.52 if break will try $2.55/$2.60 and very strong resistance at $2.68 (Its previous high which is also very strong resistance).If VS can overcome its previous high it is heading toward the target of $3.00.Stop Loss if <$2.24.

TALIWRKS (8524) — It gaped up on 30/10 and hit a high of $2.03 before subjecting to profits taking. It is having some difficulty to stay above $2.00 to challenge its previous high of $2.05 and beyond.The landscape for Taliwrks has turned bullish and any weakness offer buying opportunity. Immediate support adjusts to $1.96/$1.90. Stop Loss if $1.80 is violated.( I may scale in if break previous high of $2.05 into uncharted territory).

I am collecting:

PASUKGB(0177)—Sideways movement from $0.23 to $0.25. A break above $0.25 signal BUY to next resistance at $0.27 and $0.30. Immediate support adjusts to $0.23/$0.22 and Stop Loss if <$0.21. (Action: I may scale in if break above $0.25).

Happy Trading.

Posted by Nana88 > 2014-11-02 23:50 | Report Abuse

Matrixcool, Good to hear from you from China. Thank you so much for your updates eventhough you're on holiday.

Wishing you an enjoyable holiday!

Posted by tsy88 > 2014-11-03 01:45 | Report Abuse

Profitman - thanks so much for your commennts and views on Tekseng and appreciated. As risk-reward ratio is low, it is worthwhile to enter at current level for pissible breakout.

Posted by tsy88 > 2014-11-03 01:48 | Report Abuse

Matrixcool - nice of you to update us from China! Have a wonderful time in China.

Posted by tsy88 > 2014-11-03 04:04 | Report Abuse

Hi duit

So nice to hear from you again. Thought you had disappeared again! Am late night owl (am kong cheow), hee hee.

Posted by tsy88 > 2014-11-03 07:27 | Report Abuse

Good morning TCB.

Posted by tsy88 > 2014-11-03 07:30 | Report Abuse

Dunknow - good morning. Dow new record high! Today all markets ,green, green. Hope you reap good gains and happy trading..

Posted by Dunknow > 2014-11-03 07:32 | Report Abuse

good morning to you,Matrix....a memorable holiday for you...thanks for effort / generous for sharing your shares...happy happy happy holiday!

Posted by tsy88 > 2014-11-03 07:33 | Report Abuse

Inwest88 - good morning. With setting new record highs, today should prove to be a good day for trading! Hope you post handsome gains all the way. Happy trading..

Posted by Dunknow > 2014-11-03 07:34 | Report Abuse

good morning tsy88,inwest88,duit,profitman & the well respected TA Specialist...wishing a properous trading in November !

Posted by tsy88 > 2014-11-03 07:38 | Report Abuse

Inwest88 - bones latest recommended stock is Kfm. Mentioned that it has potential to go limit up! Find that lately this stock trending up nicely. On Friday it was T+4 and it went up even higher on forced selling day! Remembered you profitted on this counter.

Posted by tsy88 > 2014-11-03 07:40 | Report Abuse

Dunknow - yeah, hope November good all the way.

Posted by inwest88 > 2014-11-03 07:46 | Report Abuse

Good morning TCB

Posted by inwest88 > 2014-11-03 07:46 | Report Abuse

Good morning tsy88 and Dunknow.

Posted by inwest88 > 2014-11-03 07:53 | Report Abuse

tsy88 - as you know I do not follow bones . In fact I noticed KFM last Monday and went in at 48.5 and when it dropped I also bought some at 46.5 and sold off when it rebounded for some gains. Friday's activity looked positive though. However this counter has poor fundamentals. No point chasing if it gaps up. There are so many other counters to look at.

Posted by inwest88 > 2014-11-03 07:54 | Report Abuse

matrix - thanks for the update.

Posted by excel > 2014-11-03 08:10 | Report Abuse

Thank you Matrix:)

Posted by sunflower22 > 2014-11-03 08:42 | Report Abuse

Matrix,

A million thanks.. Have a wonderful holiday.

Posted by SPRING > 2014-11-03 09:08 | Report Abuse

matrix, thanks for the update n happy holiday.

Posted by ProfitMan > 2014-11-03 09:15 | Report Abuse

Inwest88, tsy88, Dunknow and all - Good Morning. We wish all of you a very profitable day in the KLSE.

Posted by sunflower22 > 2014-11-03 09:38 | Report Abuse

Good morning, profitman

Hope you have big huat everyday..

Posted by ProfitMan > 2014-11-03 09:44 | Report Abuse

sunflower22 - Good morning. Thanks.

Posted by NickyBoy > 2014-11-03 17:46 | Report Abuse

Thank you Yoda88 and SF for the helpful TA reading :-)

Posted by Dunknow > 2014-11-04 07:29 | Report Abuse

good morning,tsy88,inwest88 & all well rewspected TA analysis...wishing you meaningful trading today!

Posted by inwest88 > 2014-11-04 07:52 | Report Abuse

A very good morning to profitman, matrix and the other custodians of TCB.

Posted by tsy88 > 2014-11-04 07:52 | Report Abuse

Good morning TCB.

Posted by inwest88 > 2014-11-04 07:53 | Report Abuse

Dunknow / tsy88 - good morning.

Thanks to matrix I entered Ideal at 60 sen yesterday and partially sold some at 64 sen. Watching Melewar and Evergreen.

Posted by tsy88 > 2014-11-04 07:54 | Report Abuse

Dunknow -good morning. Dow down only little. Hope today our market will be good! Happy trading.

Posted by tsy88 > 2014-11-04 08:01 | Report Abuse

Inwest88 - good morning. Hope today market will be good. Yesterday market overall breadth not too good. Melewar up for 2 days and Evergreen looks like coming!

Posted by inwest88 > 2014-11-04 08:25 | Report Abuse

Tsy88 - thanks for the input but again I have my own method of stock picking. Both am a also Ideal has the momentum whilst IFCA YGL and Smrt started losing in the 2nd session thus causing the dip in prices.

Posted by ProfitMan > 2014-11-04 10:22 | Report Abuse

Inwest88, tsy88, Dunknow, cherry tomato, sunflower22 and all - Good Morning. In general, the market has more stability now and we hope November will be a good trading month for all. I believe the downside to the Dow, which is still a key reference index for most, is limited for the time being. Happy trading.

Posted by sunflower22 > 2014-11-04 15:20 | Report Abuse

Profitman, Tqvm for your info.

Have a nice day.

Posted by muhaimi > 2014-11-04 15:41 | Report Abuse

how about btm？any comment

Posted by kingcobra > 2014-11-04 20:43 | Report Abuse

Hi TCB....Can u analyse on Opensys (0040)? Thank You

Posted by sunlight > 2014-11-04 22:35 | Report Abuse

Hi tsy88,
DESTINI:
It is on an uptrend mode since it hit the low at $0.46 on 16/10. After failing to break above $0.61 on two attempts recently, it may have formed a last engulfing top at resistance area yesterday. Today price closed lower with a current support at $0.58 but the uptrend is still intact so long it doesn't break below its uptrend support line. Any weakness due to oversold or further profit taking will find next support at $0.56 follow by a strong support at $0.53/$0.52. If the price reverses back up, it will immediate resistance at $0.61 follow by strong resistance at $0.63/$0.65. Stop Loss if $0.52 is violated.

Happy Trading.

Posted by tsy88 > 2014-11-05 01:16 | Report Abuse

Hi Sunlight - thank you so much for reading on Destini. Noted and appreciated. Currently monitoring only.

Posted by tsy88 > 2014-11-05 01:21 | Report Abuse

Dear TCB - appreciate your analysis on Hil.

Posted by kc18 > 2014-11-05 02:45 | Report Abuse

Morning TCB

TA on Ho Hup please

Thanks