But becareful hepi, it seems everyone has created fear due to dj dropped significantly n once market crash, no stock is spared. See good harvest first. Dont take the risk. 留得青山在 不怕没材烧。见好就收。

All uptrending stocks are dangerous except the unmoved stocks. Even blue chips are risky to trade too.

Hepi, i have no choice must sell on monday as tue onwards im not in m 'sia. So i cant holdd til it reaches my tp.

Good morning n morning good to bro n sis.

Sell on news? Hmmmm! Tq n will monitor how price goes first then make decision.

There must b a rest or minor retracement for every wave before it hit final tp. So for silk, it is either at 0.69 or 0.75 only. With the good news, there is no reason for it to pre mature its trend at these either two points unless bursa sudden crashes. G9, bro.

hahaha,, hepitrade,, i only read from chart then tell u all but my TP is 90% "cun" if u believe.. Whatever i write, i save & review later..
But we stil have to trade wisely & cautiously. Whatever stated in the chart is history that i only predict it for the future trend. Extra careful is important & i only focus 1 ctr for time being..

喜得狼
a nice name,,, a real wolf. kikiki

Tqvm bro, happened to see this in silk thread. Aiya, im too confined myself in the inner world of the chart n i dont even know what this co is doing, pia say n siao lee to say.

Haha! U same enjoy the festive season. Nice chat with u. Good luck bro, huaat ahhh!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1525041

kuya FT, pls help me to explain,, good or not as u know i dont know all these FA.. TQ

Iris
I came out 2 TA as the chart is confusing at some point.

TA-1
Stop point - 0.45 but it stopped at 0.47 that considers valid W3 & retracement is on progress from 0.30-0.39. Once it finishes the retracement, price will re-test its recent High 0.47. Only when it breaks 0.47, a new wave is formed & my next TP=0.82 if no extension.

TA-2
Stop point - 0.57 but it stopped at 0.47 that considers valid W5. (not 3). If the 0.47 cant be broken, then Corrective Wave begins & it will drop below 0.36 to form a trading pattern that it may go consolidation for months or even a year before a new wave begins.

Bro lee9fold!!

So long no breakout from 0.47, new wave is not established yet so pls trade with extra cautious as it may continue its retracement.. As the chart has given me blurred analysis so i came out 2. If u wanna take as ref, pls visit our thread kaki flag as i dont want to offend anyone here who dont support TA.

Just drop in to say hello to u, dragon.. Im not sure what race u are but i wish u Gong Xi Fatt Cai (can apply to all races) & Happy Chinese New year if u re a Chinese..

Kuya FT

I m having same tot with u on Iris..

So long it doesnt breakout from 0.47 to start a new wave, there is a potential that retracement may continue.. The recent retracement only touched my 1st layer means very surface only & some ctrs that i have monitored, did touch surface then surfed to continue the new wave.. But precaution is better than cure as we dont know whether Iris will start new wave... Let us witness & see but sad that i stop buying...

Good Luck to u, bro... I stil have one more day to trade but only focus on Silk..

Noted & it wont go in a straight line to hit my TP but if it wants to be like that, i welcome it.. Expect minor retracement due to profit taking that is very normal... I can only wait to offload all at 0.75 if it does on Monday as i got no time to wait..

iris - i dunno how true the story is but i like rumours... Rumours can cause price to upside & in my mind, no counter is safe to trade & we need to pay extra attention. Im sorry about MikeKong who cut lost Silk. To trade til end of my TP, we need to hold & i believe u know about wave ..

Hi Mike,, so sorry about your cut lost at Silk.. Im stil holding without selling even a Silk.. My danger zone is from 0.80 onwards so im stil taking risk to hit my TP first.. 0.86 i may not be able to witness but again, even if i sell at 0.75 on monday that is my last day of trading before departure, i will record all what i have said & for my case study purpose...

kuya FT, u bot Iris oredy??

I didnt bot as my book has to be closed.. left 2 days so focus only on Silk... Congrats...

hahaha!!! this thread starts to busy again... Good sign.

Hi lee9fold,

Silk
The selling pressure from 0.71-0.70 was not huge & i stil can see buyers rushed in to buy although it closed below 0.70. For me, it is stil a good sign. I never check on RSI, MACD & Stochastic (for short term sniper only) but when we look at them, no sign of reversal although they cross above 70% RSI that is a good sign to me as i only like to buy stocks at this level... SO i anticipate there shld b a continuation uptrend next week til it reaches 0.75, then bull will take rest & expect after CNY, it may continue uptrend to hit 0.86.

My personal point of view only.

No matter how old are u so long u not yet married, elders from yr family will give u n they hope u will grow up one day.

How was the market? Whole afternoon not free. Seem silk not able to sustain to stay above 0.70. Im stil holding to hit my tp.

Gong xi fat cai, kuya tj.

Mike, my kampong is in Kuching where im here now. I ll holiday in taiwan n b back on 10feb. Hopefully, i can get the local broadband as im bringing my netbook. Kikiki. My final tp for silk is either 0.86 or 0.94 basing on chart n no news.

Small qty aso our hard earned money. I believe it wont retrace drastically as the wave has not completed touched. But we stil need to b cautious. Unfortunately, i m away next tues n i must clear all my positions by mon. Happy Chinese New Year n cheers

Mike, if based on wave analysis, it is trading in impulsive stage n before touching the final stop point at 0.86, there ll b minor retracement in between, thus for me, no stk is safe to trade n we need extra careful.

Kuya tj, st tp for mrcb is 1.67. No problem, can hit. Huat ahhhh!

Silk.
Once it breaks 0.70, it will test 0.75 & that is a critical point whether to move upwards or downdowrds. Let us witness. Will offload 50% at 0.75.

Im having handover meeting. Cant join u all. Good luck.

Kuya tj, u soooo fast sold yr iris? I run out of fund n didnt bot iris. Hantem all fund at silk yesterday. Stay focus. Silk may become xdl once it touches 0.80. Kikiki.

Retracement is minor but major. Example, iris considers major retracement.

Kuya ft n tj are having same trading strategy but im bit different, i like to surf the wave til to the end of destination.

Good to note iris has retraced low to 0.37 n pay extra attention. New wave may surge from this lvl. Good luck.

Silk,

Dont sell n wait til it passes 0.80. Trust or not, let us see. I mean dont trust me, trust the chart n the trend.

All kuya,

Iris since touched one of my retracement stages, i suspect the new wavw is coming, can pay extra attention. W3 didnt extend, this wave is longer. Good luck.

Morning lee9fold, im stil holding tight tight n yesterday bot again at intraday high. My tp 0.86 pr 0.94. Tp based on my chart n any good news, i dunno ler.

早上好 今天市场会是如何的呢。 让咱一起瞅一瞅。

Tq pop8872, too late as i stil got positions but wont enter anymore. I think foreign funds have exited alot, guess shld b 80%, so such meeting may not impact to bursa oredi. Most local funds have also exited due to festive season, bursa is expected to b quiet. My 2c only.

USA meeting on Monday?? omg, sigh!!! i tot on 070214... si liao!!!

Hi kuya john, so wat time oredi there? Wat country re u staying? My own study room cum game room has a big map. I wanna find out where? I stil have backlogs to clear, tmr my handover duty to my assistant then discussion n afternoon attend my police friend's daughter wedding at 3pm. Monday last day in office n will have an early reunion dinner with my parents, bro who will come back from kl n my sis as well, next day will fly to spore n i will bring my netbook to monitor stocks. On 30 morning, will depart for Taipeh.

Silk

It is a potential uptrending ctr n price shld reach my final upleg tp 0.86 or 0.94 as there r two blurred points that i cant interpret so i came out 2sets of ta. If everything goes smooth, it will hit the first one tp.

Kuya ft, so sayang u sold all at this point. Shld leave 30-50% to let profits run by itself as u bot darn low. I bot at 0.63, 0.65, 0.665.

Bro john, kikiki, too early to close book, so i shifted ctr from knm to silk. I lost knm. I bot 0.665, sold 30k at 0.67 & bal at 0.645. Felt something not right as it gap down open, a bad sign oredi but i was stupid to let hope distract my focus. I shld ve sold all at 0.665 once it reversed.

I never play fire like catching "small lee flying knife". Dangerous. I pity my friend who stil holds tight tight at high price. Never wanted to let go the corpse when i notified him that i sold all in whatapp. That why i said that i was not clear which is which is stop point, 0.62 or 0.70. Once it surged to 0.67 & stopped then reversed to 0.62-0.63, i confirmed 0.62 was the stop point, i sold all my positions including the last batch i bot at 0.63 that i lost 0.05 for 100k lots.

Im not worried whether it is goreng or not goreng ctr, so long i stay focus on my own analysis, the most i lost is 3-5% exit plan.

Kuya tj, iris, not yet bottom as it can reach to bottom 0.30 but not below 0.26 that no more show. For me, i wont enter for time being until uptrend begins. I anticipate once it touches the bottom price, it will move like crabs or in trading range until final stage begins.

Knm
Strong support 0.505. Once it breaks this lvl, for me, no show n rate as cheating n goreng ctr.

Knm, tmr may continue to downtrend as cloding bei sui.

Silk, will continue this impulsive wave n if all news or rumours are true, can see money at 0.86, min 0.80.

Walao, iris, die si si.

Kuya, im more confident of silk than knm as i m worried it forms bearish harami end of the day. Silk jst starts the new wave n more upside spave than knm, lost k in knm n to take back from silk.

Xdl is dangerous n cant see the bottom yet. Wish u good luck.

Bro FT, stil hold silk?

Kuya, the price u exited silk, was the price i bot this morning, kikiki, my final tp, 0.86.

Cut lost knm at 0.545 & shifted to silk.

Knm

Sold 30% at 0.57 & remaining to see how. If touch my stop lost 0.54, i ll cut.

Silk

I wait for the final upleg of its trend. 0.86.

Silk

Mt tp if it can sail smoothly this trend to my stop point is 86c or 94c. My personal calc based on chart only.