Malton-WB: Sell signal has been triggered. May find support at 0.35.

Sell signal has been triggered. May find support at 0.35.

Next support is 0.815

Well, I did warn you that the sell signal has been triggered well in advance.

Perhaps. But RM9,647.40 net profit in 3 days without paying a single sen for Malton-WB. And RM40,770.80 (net) from Myeg in 24 days! Bought 100,000 shares at 0.91 on 6 May, the Monday after the GE, and sold at 1.33 on 30 May.

Nothing wrong in being a trader or a speculator. Without them the stock markets will be very dull. There are many fundamentally good stocks whose price does not do justice to their value and many of these companies have been taken private. The reason: no traders and speculators to drive their price up.

I bought Malton-WB at 0.36 on 11.06 and sold at 0.46 on 14.6 and made a handsome contra gain. I am waiting for a buy signal to buy it again.

There will be a time you have to take profit. Wouldn't it make sense to take it as high as you can although it is rare for anyone to sell at the highest price. A paper gain is just that. You don't get the money until you sell the stock.

It's Affin's Nazri vs CIMB's Nazir. Let's see Who is right.

Bargain hunters have to be cautious. http://uk.reuters.com/article/idUSBRE95K17I20130622

Technical and fundamental analyses are compatible. But to a technical trader, preventing and controlling losses is more important than outright profit seeking. Technical trading means to trade with a plan that identifies potential gain and loss. To make profits consistently requires you not only to identify the trading opportunity but also manage the risk of the trade. Prices seldom move in one direction for long. Even a major trend shows retracements. When the market runs out of cash, traders have to close positions to get their cash back so they can put on new trades. If they have been buyers, they need to sell. If they have been (short) sellers, they need to buy.

-- Barbara Rockefeller, expert on technical analysis, publisher of "The Strategic Currency Briefing", author of CNBC 24/7, Trading Around the Clock, Around the World, The Global Trader, and Technical Analysis for Dummies. She writes a column for Currency Trader Magazine.

MACD

Mr Loh, sorry for being ignorant as I have just joined i3investor. But what is this email group of yours? Thanks.

Sorry folks, sell signal for this stock has already been triggered. But investors shouldn't be concern. Good stock to keep for long term. Traders should take profit. Those averse to risks should cut loss.

Thanks kcchongnz. Great analysis.

What about SEB and Favco?

Expecting new high next week.

Expecting new high next week.

A sudden 0.62 sen drop on 50,802.

Moving up.

Watch out.

Morning loss recouped. Moving up.

Still in retracement with more sellers than buyers. It should help if the index turns green.

recouping this morning losses.

It's ok. I'm looking at a .20 sen gain that will pay for my 10-day stay at Citadines in Paris.

Life is all about taking calculated risks. Bought 50,000 shares at 3.06.

Looks like it is attempting to recoup its two-day losses.

The details for SEB in i3investor are wrong. SEB is Shariah compliant:
http://www.bursamalaysia.com/market/securities/equities/prices/#/?filter=BS01&shariah_compliant=1&page=1&alphabet=S

This is its profile from its website:

SEB is renowned for being a one stop fabricator in providing expertise and services in the areas of designing, engineering, procurement, installation, commissioning and maintenance works to the Palm Oil Industry, Oil and Gas Industry, Food Processing Industry, Chemical Industry, Waste Treatment Industry and others. SEB is capable of fabricating products in accordance to international codes and specifications.

With the different types of user industries SEB is capable to address opportunities across a wider spectrum of the market.

With the new fabrication yard in Kundang, Rawang through our subsidiary Sepen Engineering Sdn Bhd, SEB is focusing on its expansion plan for use in the Pharmaceutical Industry and Food Processing Industry.

SEB is committed to quality workmanship, supported by team of dedicated employees who will perform to their optimum level and realizing the goal of the company in pursuit of excellence.

Our philosophy is to continue expanding and improving our field of services to meet the demands of our clients and to grow and prosper with them. Our commitment and dedication to the environment speaks volume, a collaboration with Mitsuya with the latest and innovative product to minimize pollution is under way.
http://www.seb.net.my/default.asp?iId=LJMEG

And SEB is Shariah compliant:
http://www.bursamalaysia.com/market/securities/equities/prices/#/?filter=BS01&shariah_compliant=1&page=1&alphabet=S

Pasar, the details for SEB in i3investor is wrong. This is its profile from its website:

SEB is renowned for being a one stop fabricator in providing expertise and services in the areas of designing, engineering, procurement, installation, commissioning and maintenance works to the Palm Oil Industry, Oil and Gas Industry, Food Processing Industry, Chemical Industry, Waste Treatment Industry and others. SEB is capable of fabricating products in accordance to international codes and specifications.

With the different types of user industries SEB is capable to address opportunities across a wider spectrum of the market.

With the new fabrication yard in Kundang, Rawang through our subsidiary Sepen Engineering Sdn Bhd, SEB is focusing on its expansion plan for use in the Pharmaceutical Industry and Food Processing Industry.

SEB is committed to quality workmanship, supported by team of dedicated employees who will perform to their optimum level and realizing the goal of the company in pursuit of excellence.

Our philosophy is to continue expanding and improving our field of services to meet the demands of our clients and to grow and prosper with them. Our commitment and dedication to the environment speaks volume, a collaboration with Mitsuya with the latest and innovative product to minimize pollution is under way.
http://www.seb.net.my/default.asp?iId=LJMEG

Nothing to complain. All is fair and square. What goes up must come down and a bear market is to be welcomed as it presents buying opportunities. Many good stocks are at a bargain. Problem is finding the money.

Red is the colour of prosperity! Plenty of good stocks to pick at a bargain. Only thing if I don't have the money! But the selling has not sopped yet. Not the time to buy yet. Just wait for the buy signal.

Sorry, just an aside. Another stock which you might want to look at is SEB. http://klse.i3investor.com/servlets/stk/5163.jsp
Very promising.

Surin, agree with you. Despite the depressed market today, the stock has held well despite erasing 8 sens from yesterday's 19 sen gain. Chart suggests a lot more upside.

Divine, 3.30

I bought at 2.92 yesterday. Price now is 2.84. Still a good price to buy. It was 2.82 this morning. I think buyers are watching the index and taking a cue from it. Slow though.

Crawler, none of us here can influence the market. Let the facts speak for themselves and accept them.

Hobson, price on 6/5 was 0.53.

0.77 sen

Hobson64, not likely to fall to 0.53 unless there is some extraordinary events to plunge markets. Worst case scenario is that it would be well supported at 0.65. It has already touched 0.775 sen as expected.

Looks like it is trying to recoup this morning loss. There is money to be made.

This stock has been trending downwards since it closed at 0.875 with the highest volume for this month until now of 36.786m shares on 10/6. All the indicators including MACD have turned negative.

Price is holding well despite dropping 8 sen from yesterday's 19 sen gain. Chart looks good and a rebound looks likely barring any unforeseen events.

Chart looks good. Price is holding well.

Refer to CIMB Nazir's warning on hot money leaving Asia. Hope he is wrong.

Next support at 0.77/0.78. If this is breached, then 0.755 would be next. If this is also breached, then could expect price to fall to 50-day EMA of 0.68. There should be good support at 0.65 after that. Next week will be crucial. Market is likely to crash if hot money does leave Malaysia.

Looks likely to find support at 0.85 if sentiment doesn't improve. No thanks to CIMB Nazir's warning of foreign hot money fleeing Asia's emerging markets. Malaysia would be most vulnerable if he is proven right in the next week or so.

Thanks, thlim123. Price well supported at 0.915/0.920 for now. Don't know much about candlesticks. At 0.92, what has been formed and what's the significance and repercussions? Regards

I am new to this and trying to learn as much as I can. This looks like a fundamentally sound stock but its chart does not look good. Price looks like it could fall further before finding support at 0.85. It looks like a long way to 1.00 and it has first got to clear the 0.96 hurdle. Like many people here have said, this stock may be a good mid to long term buy. Correct me if I am wrong.

Hi kcchongnz, my apologies for spelling your name wrongly. A typo error. Regards.

Hi, Kcchingnz, thank you very much for your spreadsheet. Learning to use it.