"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 .
It is under correction after a bearish engulfing candle was formed on 3/11. It has closed the gap support of 0.64/0.66. Will need to overcome the strong resistance at 0.71 before it can trend up again. It has temporarily broken down from the gap support at 0.64. Any further weakness from this support level will see it trending towards 0.54. You may want to consider exiting your trade at the stop loss of 0.625.
pushparaj - sorry, we do not advise on trading decisions. But, we can give you the facts for you to decide though. I have done SMRT-WA for cherry tomato and you can refer to that analysis above.
Pelikan: It is consolidating in a symmetrical triangle. A break above 1.27 with volume could signal a breakout. Immediate support is at 1.17 with further support at 1.14/1.15. You may want to set a stop loss at 1.12. There is some accumulation in the stock.
Ever since it hit the high of 0.67, it underwent a major correction. It is recovering from its low of 0.47 and is now consolidating in a pennant following the bearish harami of 3/11. Although momentum has picked up, it still need to break out from the resistance line at 0.615. However, the critical resistance level that it needs to overcome is 0.625. Immediate support is at 0.58/0.59. If broken down, it should find strong support at 0.56. But if it successfully scales above 0.625, it becomes bullish and will be poised to re-test the previous high of 0.67 to move into new unseen territories. The trading volume has picked up on 7/11 with a bullish bias, a possible indication of sellers exhaustion in the stock subject to confirmation from the following 2 trading sessions.
SKPetro: It is bearish. Immediate resistance = 3.25. Selling pressure is still strong and the selling may not be over just yet. It is currently trading at one of its tp of 3.09. If it breaks down from here, the next tp is 2.96.
Stage 3 of Market Cycle-Distribution which the price can be volatile. Strong resistance at $1.46. If able to break above $1.46 with volume, it will breakout from Immediate Down-trend Line which indicate Bullish and have TP 1 of $1.56 and TP 2 at $1.67. Any weakness may find support 1 at $1.37 and stronger support at $1.32.
Stage 4 of Market Cycle- Bearish. Trading in Down-trends Line. It broke below $3.12 and showed a lot of weakness. Currently the support at $2.95 looked frail and may further test $2.85 and $2.75. Any rebound due to oversold may find resistance 1 at $3 and stronger resistance at $ 3.08.
Stage 2 of Market Cycle- Bullish. The Up-trend is still intact. After hitting high at $0.545 on 30/10, it followed by a Engulfing Bear the next day which indicate Bearish Signal. It is expected to trade between $0.485 and $0.525. A break above $0.525 may test previous high at $0.545/$0.6 and beyond. A break below $0.485 may find $0.465 as immediate support. Strong support at 0.41.
Stage 2 of Market Cycle- Bullish. It breakout from Down-trend Line on 6/11 with volume which has immediate target of $0.3. If $0.235 able to stay, it is expected to test strong resistance at $0.275 and $0.3. Any weakness may find $0.23 as support and stronger support at $0.21. Cut loss if $0.21 is violated.
Stage 3 of Market Cycle- Distribution which the price can be volatile. It is expected to trade between the range of $0.19 and $0.23. A break above $0.23 may test strong resistance at $0.265. Any weakness may find $0.21 as immediate support and strong support at $0.19. Cut loss if $0.19 is violated.
JerryDS-UMW The current slide in oil prices has bring down UMW share prices to a bearish level with a oversold situation. A good stock for mid term investment and will recover fast once the oil prices regain its uptrend. If you are going for bottom fishing and on a reversal the resistance can be found at 11.88 and 12.30.Supports are at 11.30 and 11.00. A stop loss if 10.82 is violated. Happy trading.
Dear TCB, Appreciate if you could give some advice TA on pasukgb.
PASUKGB(0177)—Sideways movement from $0.23 to $0.25.Some accumulation is going on, so if 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:Scale in if break above $0.25 or clear to release my capital if $0.25 cannot be taken out).
winwinborn-Chinwel The uptrend is intact with a price divergence. Expecting share prices to trade at a range 1.55 to 1.60 level. With healthy volume it might test the resistance of 1.66 and 1.68 with a mid term target of 1.75 level. Supports can be found at 1.50 and 1.49 levels. A stop loss if 1.45 is triggered. Happy trading.
tsy88-Solid Solid is currently at a very bullish and uptrending level for the last couple of days. If the uptrend continues, the next level can be found at 1.34 and 1.47 levels. However since share prices are at overbought situation, a pullback might happen and the supports can be seen at 1.17 and 1.10 levels. A stop loss 1.05 is violated. Happy trading.
sunflower22-KSSC Currently KSSC is trading downwards but its holding well at the 20MA level@0.665 level.Accumualtion can be seen and if it managed to hold above the 0.665 level with volume the next resistance can be found at 0.695 and 0.72. A break above the upper band at 0.735 level will bring this stock to test 0.755. However if it could not hold above 0.665 then the supports are at 0.64 and 0.62. A stop loss if 0.605 is triggered. Happy trading.
Cherry Tomato, Willow is my top pick for my readers.
My Top Pick Of The Week
WILLOW(0008)—Breakout from its Flagpole pennant pattern at $0.88 last Friday which is very bullish and carry an estimated Target of $1.05. It is expected to break above $0.90 to test its immediate resistance at $0.93 and very strong resistance at $0.96 (Its previous high). If break above $0.96 Willow will challenge $1.00 and target of $1.05 Any weakness should find support at $0.88/$0.87 offers opportunity to buy for future play.Stop Loss if $0.83 is violated.
Hi muhaimi, BTM: Bullish after broke out with very huge volume from $0.22 on 06/11. The price retraced a bit on the next day due to profit taking but it is supported at $0.255. Any weakness due to further profit taking or oversold will find good support at $0.23 and $0.22 respectively. If the price continues to scale back up, it will find immediate resistance at $0.27/$0.275 and $0.30 before scaling further up. Stop Loss if $0.22 is violated.
Hi cherry tomato, MMODE: In sideways consolidation between support line at $0.595 and resistance line at $0.635. After the very huge trading volume on 05/11, there were some correction and the price retraced slightly on the next 2 days. But the volume is reducing with smaller candlestick body indicating that the selling is fading and the price may likely to reverse. If so, the immediate resistance is $0.635 and breaking above it with volume will have bullish implication (buy signal) and will find its next resistance at $0.655 and $0.68 respectively before scaling higher. Any further weakness and breaks below $0.595 will find support at $0.585 and $0.565 respectively. Stop loss if $0.565 is violated.
Hi Jerry DS, SYSTECH: Bullish after breaking from Cup and Handle pattern last Friday which give an estimate TP1 of $0.26. Its immediate strong resistance is at $0.235 follow by $0.245. Any weakness due to oversold and profit taking will find strong support at $0.195 and $0.185 respectively. Stop loss if $0.18 is violated. If you are already trading this counter, please remember to set trailing stop to protect your profit/capital.
Hi tsy88, FRONTKN: Bullish after breaking out of its falling resistance line at $0.14 last Friday with volume (buy signal). Its immediate resistance is at $0.16 and $0.175 before scaling towards $0.20. Any weakness due to oversold or profit taking will find support at $0.145 and $0.135 respectively. Stop Loss if $0.13 is violated.
Much Thanks for your kind help for reading Chinwel chart. Really appreciated.
Posted by yoda88 > Nov 9, 2014 09:52 PM | Report Abuse
winwinborn-Chinwel The uptrend is intact with a price divergence. Expecting share prices to trade at a range 1.55 to 1.60 level. With healthy volume it might test the resistance of 1.66 and 1.68 with a mid term target of 1.75 level. Supports can be found at 1.50 and 1.49 levels. A stop loss if 1.45 is triggered.
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 .