layyf - Sona:

Still trading within the downtrend channel. Seems to have found some good support at 0.425 but faces resistance at the gap resistance of 0.435/0.44. You may want to consider a stop loss at 0.415. It has been trading sideways for the past 1 week.

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Posted by layyf > Nov 12, 2014 05:23 PM

Good evening TCB, can you guys please help read SONA?

Thank you!

inwest88, tsy88, Dunknow, sunflower22 and all - Good morning and we wish everyone a good weekend. Weekends with no market activities would be a good time to spend quality time with your family, close ones and friends. Cheers!

michaelwoo - Good afternoon. We do not provide any tips here and neither do we email tips out. However, you can request Matrix via a post here to him to include you into his mailing list as he does share his trading stocks.

cherry tomato - good morning. Hope you have a great day.

Connie and all - good morning.

Inwest88,tsy88,Dunknow and all - Good morning.

Kingcobra - AnconLB:

Broke out from its rectangle trading on 11/11 when it penetrated the resistance line of 0.14. But came under profit taking activities and it is yet to confirm if this breakout is sustainable. The support is now at the gap support of 0.13/0.135 which if it fails to hold will fall back to the support at 0.11. Will need to break the immediate resistance at 0.17 in order to trend higher.

ck - TekSeng:

Trading in an ascending triangle which has bullish implications. Will turn bullish if it breaks above 0.89 with volume with an immediate TP of 0.96. Immediate support is at 0.80 with further support at 0.765.

Connie - virus eradicated today. Mission accomplished! ...hahaha.....

cityplus - thanks for sharing the info.

Inwest88, tsy88, Dunknow, excel, cityplus and all - Good Morning and Happy trading!

Connie & all - Good Morning!

Inspira - KGB:

It is trading sideways in a rectangle, range bound trading between 0.39 and 0.49. It is currently testing the robustness of its gap support of 0.42/0.43. If broken will trend towards its support line at 0.39. If 0.39 is broken with volume, it will become bearish. Immediate resistance is at 0.44/0.445 and if broken up will trade towards the upper resistance line of 0.49. A further break in 0.49 will turn the stock into bullish mode. As there is a spread in the trading range, some traders might trade the support and resistance levels. However, you will need to stay alert for any break down from the support line with a stop loss price.

Thank you for your support and we are glad we are able to contribute in a small way and make a difference.

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Posted by Inspira > Nov 11, 2014 07:19 PM

Dear TCB, please help to give a comment on KGB 0151. Been followed TCB a while, thanks for the good analysis and kind recommendations. Appreciated!

jasonor - Barakah:

Yes, it is still in a down trend. It underwent a technical rebound and is now under correction with an immediate support at 1.19 and a strong gap support at 1.15/1.17. Immediate resistance is at 1.31 and subsequently at 1.38. Exit if the gap support is broken.

Connie - I am not aware of the 3b pump into the water deals but thanks for highlighting it. Just noticed some increasing volume in Jaks (bullish harami) and Salcon. Yeah, hope Azmin moves things along. Thanks so much for the great song. I always appreciate the songs you dedicate to me. You made my day!!!

Connie, water related stocks seems to be showing signs of movement.

Connie - aiyah, thought i can fool you with ..hahaha... and ...hehehe.... You are very sharp., my heroine! :)

Connie - there is always a brighter side to all things. Don't be embarrassed. All of us know it is a genuine mistake and it is only human to make mistakes. Besides, you are the darling of everyone here. ...hehehe...

connie - good afternoon. ....hahaha... i think you are overworked trying to help everyone that you posted the wrong link. Take it easy huh.

sunflower22 - Dsonic:

Currently under correction and testing the support level at 1.56. If broken, it may find good support at 1.50. It has been correcting with a decreasing daily volume, a possible sign of decreasing selling pressure. But nevertheless, the weakness in the stock is still present. Immediate resistance is located at 1.61 with strong resistance at 1.69. The depressed oil price could be still impacting the stock's sentiment.

michaelwoo - thanks.

Sunflower, thanks.

Cherry, ...hahaha...thank you for your kind words. We try to impart what little we know. Hopefully its the right info.

Winwinborn, good afternoon. Hope you have a fruitful day in the market today.

Michelle Toi - Just from the quantum of purchasing pattern, we cannot tell if shares are changing hands. As a matter of fact, trading patterns will not tell you if shares are quietly changing hands. Those odd lots that you see could be purchases made by retailers. You have to be careful with queue buy quantities as it may not mean a lot and could be misleading. In any case, I would not be too concern if shares are changing hands quietly.

The chart would give you a better picture. From the chart, we can tell that there is some accumulation taking place in the share. And we can also observe that it is trading daily with a higher trading volume. At the moment, it is still trading sideways in a rectangle between the support line at 0.13 and the resistance line at 0.145. It needs to break the strong resistance at 0.16 with volume before it can have any bullish trend.

tsy88 :-

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.

Jerry DS - Censof:

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.

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.

cherry tomato - SMRT-WA:

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.

TraderR88 - the immediate support of TMCLife is 0.535. You may want to consider a stop loss at 0.525/0.53 in case the trade go against you.

teyl333 - great to hear that. Congratulations on your YGL profits.

TraderR88 - The uptrend line has not been violated but it is still under correction. It rebounded off its current support base at 0.515 and is still under consolidation facing stiff resistance at 0.575.

Dunknow - you can monitor the O&G counters in the meantime. There are always trading opportunities in down or up trending shares.

Connie - no virus today! ....hahaha....

Connie & all - good morning!

Inwest88, tsy88, Dunknow and all - Good Morning. Have a good day at the market.

Dunknow - I believe the KLCI is undergoing a healthy correction. It has been trending up since 17/10. So, a breather is a welcome sign. I can't see any external factors that would severely impact negatively on the business of most companies except for the O&G sector. Perhaps, the decreased in profits in companies like Petronas Dagangan may have affected the overall market sentiment resulting in most investors locking in profits first.

Hanis - Priva:

It has broken out from its downtrend resistance line on 4/11 with volume. However whether this breakout is sustainable or not would depend on its movement over the next 2 to 3 trading session. It needs to take out its immediate resistance at 0.135 and then 0.145 and the strong resistance at 0.165. The stock has bottomed out at 0.10. Immediate support is at 0.125. You may want to cut loss at 0.12 if the trade goes against you.

Inwest88, tsy88, Dunknow, and all Good afternoon. We trust today will be a good and fruitful trading day for all.

Connie - ....hahaha... you are faster than me. I will never dream of not wishing you when I am here. That would be criminal and you will probably skin me alive! ...hahaha....

Connie - hope you had a very profitable day. I am sure everyone here is reaping from Carepls including you. Always good to hear people making money from trades! Cheers. You can buy a couple of yachts with your profits, Connie. ....hahaha.....

LyyInvestor - Thanx. You too, enjoy yr evening and happy dreams!

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.

sunflower22 - Good morning. Thanks.

Connie & All - Good Morning. Hope everyone has a very profitable day.

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

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

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.

tsy88/Dunknow :

Just to refresh your memories, there are basically 4 types of gaps, namely common gaps, breakaway gaps, runaway gaps and exhaustion gaps. You can get a very good explanation of them in any TA books or online sites.

Common gaps are nothing exciting as they are caused by ex-dividends, ex-rights issue and others and we do not pay much attention to it specifically. Breakaway and runaway gaps are the more exciting and profitable ones which offers more trading opportunities. With exhaustion gaps, a sign of an end to an up/down trend, we need to trade cautiously although there are still trading opportunities here.

Filling of gaps means that the price retraces to the price prior to the gap up/down. It is as if there was no gap up/down.

A breakaway gap happens after a congestion of prices at a certain level usually due to news or expectations of a new contract or mergers or any event that impacts on the fundamentals of the company positively. The volume is high on gapping. It is not characterized by resistance levels or percentages. The price usually jumps up a few bids on opening from the previous day's close. Breakaway gaps usually marks the start of another uptrend or downtrend.

The above is a very brief rundown on gaps but you can get a very good explanation of it in some of the online TA sites.

Dunknow - no need to address me with a "Mr". Lets be informal as I like to think we are all equals here. Sorry, just thought I clear that first.