Duit - Can understand if you are going to be busy, but Please please do drop by even if its once in a while to share your stock picks and trading methods or even just to wish "hello". We do appreciate your presence here and we really found some of your stock picks and trading methods an eye opener. Even if we are not actively posting comments here during the day due to our own work commitments, we do follow all the posts especially from yours. Cheers.

duit - always good to see you here. Good morning to you too. I can see its a late night for you.

tsy88 :-

KSL : Support 1 = 4.18 ; Support 2 = 4.00 ; Resistance = 4.46 ; Immediate tp = 4.30. It is only starting to encroach into the overbought area.

Melewar : Bullish with a breakaway gap. Support 1 = 0.415 ; resistance 1 = 0.55.

scorpionboxter - Bonia:

Bearish. If current 1.13 is broken, it would trend towards 1.06. Immediate resistance is at 1.18 and if broken, will meet further resistance at 1.23. The selling does not appear to be over and could come under further selling pressure.

NickyBoy/jackie - KTB:

It is bullish when it broke out from its descending triangle with a breakaway gap accompanied by a spike in volume that is about 15 fold larger than its 30MA volume. Support is now at 0.35/0.36 and will have strong support at 0.305/0.33, gap support.

However, it is important to note that the spike in price was probably a result of Affin's disposal of its entire stake to Nadicorp at 0.625. It would be worthwhile to find out the worth of its share bearing in mind the discrepancy in price between 0.625 and its market price as well as to assess if there is a fundamental change in the financial position of the company. This should assist you in making a better decision regarding your investment. Hope this helps.

inwest88, tsy88, Dunknow, winwinborn, and all - good morning and have a stress free day and of course, continued profits from your trades.

winwinborn - Marco:

It broke out from its round bottom pattern on 19/8 and hit a high of 0.26, only to succumb to the bearish engulfing candle of 20/8 that sent it into a consolidation phase. It is now trading sideways with a support at 0.205 and a resistance of 0.215. A break with volume of 0.215 would confirm its price reversal and render the breakout from its round bottom pattern valid. Similarly, a break in its support at 0.205 could send it back towards 0.185a and render the earlier break out a false breakout. If you are bottom fishing, you may want to set a stop loss at 0.19.

Citytrader - really great to hear from you. Hope you continue to make lots of money from the market.

Inwest88, tsy88, Dunknow, johnny cash & all - good morning & we wish you a trouble free day with lots of profitable trades today.

Lyyinvestor - Econbhd:

Under consolidation with a support base formed at 0.965. Immediate resistance is at 1.01 with the next resistance at 1.08/1.09. Sellers exhaustion seems to be prevailing. If you are bottom fishing, you may want to consider a stop loss at 0.945.

Cautious Trader, KLSC, Pathew - Dutaland:

On an uptrend. It broke its immediate resistance of 0.545 on 9/9 and also took out its strong resistance at 0.58 with a spike in volume that is almost 20 times its MA Vol. The next 2 resistance are at 0.625 and 0.665. The support is now at 0.545.

Pathew - Dutaland is bullish but the huge spike in volume could attract profit taking activities. It could be subjected to profit taking in the short term before trending up again.

All those news on its financial restructuring plan with divestments of its plantation land are catalyst to the spike in volume and price on 9/9. It also has an improved financial performance as at June 2014. So, moving forward, I think the company is in a good position to forge ahead if those plans are in place and will come to fruition together with improving financial results. In the meantime, this news will probably fuel the uptrend further.

---------------------------------------------------------------
Posted by pathew > Sep 9, 2014 06:18 PM

Hi Guys,

Took Dutaland earliet at 57sen. How do you all see the prospects of this stock??

2noob2stupid - Good morning. These are 2 websites that you can look through:

https://www.tradingview.com/stock-charts-support/index.php/Accumulation_Distribution_(ADL)

http://www.investopedia.com/terms/a/accumulationdistribution.asp

Please remember that all indicators have their draw backs as well and we usually use indicators to complement one another and not as a stand alone indicator. Happy reading.

Kvsy - Hovid:

Under consolidation after hitting a high of 0.48. The bullish engulfing candle formed on 5/9 suggest sellers exhaustion. Support levels are at 0.375/0.38, a strong support level and 0.355. Currently facing immediate resistance at 0.41. If surpassed, will face key resistance at 0.435 before attempting to break 0.48 again. It is trading with a price/acc.dist vol divergence suggesting some accumulation in the stock is taking place.

Hovid-wb:

As always, the warrant follows a similar trading pattern to its mother's share. Support levels are at 0.225 and 0.185 while resistance levels are at 0.26/0.265 and 0.30.

chiam4192 - SCH:

Currently consolidating under the bearish harami of 4/9. Good support at 0.29 with strong resistance at 0.325. If it can sustain its price above 0.295 and scale higher from here, then it would have successfully broken out from its round bottom trading pattern and will re-test its high of 0.40. If the 0.29 support is broken, it should have good support further back at 0.27.

posh 0506 Esceram:

On weekly chart, it formed an evening star, an indication of consolidation setting in. It went into consolidation as expected and found support at 0.145/0.15. Expected to have strong support at 0.14. The critical resistance to break is located at 0.185. If broken successfully, it will continue its up swing in price.

inwest88, tsy88, Dunknow, sunflower22, LyyInbestor, Duit & all - Good afternoon & have a good trading day ahead.

Yeo, were you the one who posted the question on Dsonic on the Stock in Focus Blog? If you are, I did respond to your question there with the ta on Dsonic.

Appreciate, chengyee, Dunknow, Inwest88, tsy88 & all - Good morning & enjoy your weekend.

sunflower22 - thanks. You too , Good morning and have a good weekend.

pvd_investor - Samudra:

Currently consolidating and trading under the bearish engulfing pattern of 20/8. Has found support at 0.47 but if broken will find support at 0.43. Need to break the strong resistance of 0.56 with volume but the important resistance remains at 0.61 before it can attempt the high of 0.67 again.

Appreciate - Salcon:

Reading as at Aug 28, 2014 11:59 PM

Under correction. It is now testing the support level at 0.79/0.80. If broken, will find further support back at 0.72. Immediate resistance is at 0.83. The stock is still weak and may not be out of the woods yet.

As at 5/9/2014:-

For the mid term outlook, the bullish harami indicates a potential bullish reversal subject to confirmation. The support level at 0.79 is holding up thus far while selling pressure has subsided substantially. It needs to break 0.845 with volume in order to scale higher. If you are bottom fishing, a stop loss at 0.77 should be considered for short term traders.

Nana88 - Kimlun:

Bearish in a descending triangle. Temporarily found a support base at 1.50. If broken, will head towards 1.38. Need to break 1.60 resistance for a possible price reversal. However, it is not out of the woods yet. You may want to consider a stop loss at 1.48.

teyl333 - ireka-wb:

Under consolidation. Currently trading between 0.25 and 0.285. Should have strong support at 0.23 while resistance is located at 0.295. You may want to track its mother share for a better indication on the direction of this stock.

Appreciate - welcome and thanks. Delighted to hear that you profited from Tekseng.

teyl333 - Pnepcb:

Sideways trading in a rectangle pattern. Resistance is at 1.08/1.09 while support is at 1.02. Volume is low and it is expected to trade within this range unless there is some catalyst to attract interest onto this stock.

duitKWSPkita - You have posed a very tough question to us which we do not have the answer. Yoda is right. We do not have access to such information and neither do we know when or how the price will trend up. But we do know from TA that once Tekseng breaks out from its flag formation by taking out its resistance at 0.60 accompanied with high volume, it will be bullish.

bb55, RI77, cherry tomato, lee9fold - thanks. Congratulations to you people. Please remember to set your trailing stop if you intend to ride out the profits.

Cherry - well done. Yes, that is the way to trade. Once you are satisfied with your profits, take it off the table. Congratulations.

johnchong / sunflower22 - thanks. Hope you profited from it.

connie - thanks. So good to hear from you again. I suppose you must have stocked up on SMRT ....hahaha.... Hope you profit big time on this one! Had your sandwich for the day?

novice8 / cityplus - Thank you for your kind words. We hope you made some good profits on it and we would be delighted if you did. Tekseng is currently testing the 0.70 resistance after having cleared the important resistance at 0.645/0.65.

Inwest88, tsy88 and all - good morning and have a fruitful day in the market.

tuck2 - PMCorp:

Appears to be breaking out from its round bottom pattern. However it needs to take out the resistance of 0.275 convincingly to confirm the validity of the break out when it will attempt to fill the gap resistance of 0.305/0.32. A successful gap fill will see it re-testing the high of 0.37. Should have good support at 0.275.

gary1122 - tsrcap:

Under consolidation in a symmetrical triangle. Strong support at 1.01. A break in price to 1.08 with volume would signal a breakout but could meet with strong resistance at 1.15. If 1.15 is surpassed, it will re-test breaking the next resistance at 1.27. Suggested stop loss is at 0.98.

summer_day - K1:

Bearish mode. Temporarily found a support base at 0.355. If broken, it should have further support at 0.335. Resistance levels are located at 0.39 and 0.42 respectively. Selling momentum seems to be tapering off and possibly some accumulation taking place in the stock. Recommended stop loss is 0.33 if you are bottom fishing.

summer_day / CautiousTrader - Salcon:

Aug 28, 2014 11:59 PM

Under correction. It is now testing the support level at 0.79/0.80. If broken, will find further support back at 0.72. Immediate resistance is at 0.83. The stock is still weak and may not be out of the woods yet.


As at 2/9/2014:

The support at 0.79 is still holding. Selling pressure seems to have eased off. If you are thinking of bottom fishing, you may want to consider a stop loss at 0.76. Still need to overcome the 0.83 resistance. Strong resistance is expected at 0.89/0.90.

Connie - thats a good one on golf! ....hahaha...... more strokes & will also cost more money too! Cheers.

Connie & all - good morning!

Inwest88, tsy88, duit & all - good morning & happy Merdeka holidays!

duit - .....hahahaha.....thats a very good one. Fantastic service from you. Thanks but no thanks .....hahaha.... You too, have an enjoyable holiday with your family.

tsy88

Pesona: TA cannot predict the future, so, clearly unable to tell you if it will scale new heights. But if it does, its TPs are 0.94 and 1.01. Immediate support is at 0.76.

YFG - no, it needs to break 0.135 with volume and stay above it.

DRBHicom - it gapped up on 29/8 with volume. Whether this apparent break out is sustainable or not needs confirmation by monitoring the next 3 trading sessions. If you are thinking of bottom fishing, remember to set your stop loss.

Duit - thanks for that fengsui tip. I better check on my wallet!

Cityplus - SCH:

Has broken out of its rectangle trading pattern on 21/7. If it can maintain its price above 0.30 then it would be on a bullish run. It has strong support at 0.27. Its gap support of 0.295/0.30 has been filled on 29/8. Immediate resistance is at 0.315 and if resistance at 0.40 is broken, it would trend into unchartered territory.

Duit - presbhd is a very good trading counter. I used to trade it. Good luck on it

tjhldg - ....hahaha....you pun regular night owl.

Interesting question you asked. As all your experienced traders here knows that TA tells us about the present and past but not the future. When a good or bad announcement comes, TA cannot tell us how high or low it goes but it does help us in profit taking and cutting loss decisions. When the stock hits an all time high and is not a good FA company, we can still work out its TP but whether it will hit the TP or not and when, no one can tell. We can only set trailing stop to protect profits. However, we can use TA to look for signs on the future direction of the stock but at the end of the day, its still a guesstimate and perhaps increased our probability of the guesstimate's success rate. This is just my view but I am sure the other experience traders here may have their own opinion of it.

So, to me, TA is not the magic wand. Just a tool to assist us. But I do know of very successful traders who do not use TA to trade. To me, as long as the trader makes money, it really doesn't what he/she uses, TA or FA or no TA and FA or whatever.

tj, hope you have a good, profitable trading day today.

Inwest88, tsy88, Nana88, Dunknow, winwinborn & all - Good Morning & have a fruitful trading day!

winwinborn - Silkhldg:

Under consolidation. Seems to have found a support base at 1.02/1.03. If this support is broken, it should find support at 0.96. Need to clear resistance at 1.13 in order to scale higher towards 1.24. It could continue its consolidation on a side way trading pattern.

winwinborn - Salcon:

Under correction. It is now testing the support level at 0.79/0.80. If broken, will find further support back at 0.72. Immediate resistance is at 0.83. The stock is still weak and may not be out of the woods yet.

Dino Limo - George Kent:

This is a stock that had a run up in price that culminated with a high of 2.04 on 22/8 and subsequently sold down with an immediate support at 1.62. Sorry, I don't quite get your question. I apologize for that.

-------------------------------------------
Posted by Dino Limo > Aug 28, 2014 09:23 AM

Hi Profit or matrix,
Can u please explain GEORGE KENT (M) BHD for me? Gkent

I have tough time understanding this stock

Bs1688 - Iris broke down from its rectangle trading on 27/8 after penetrating the 0.40 support and is now bearish. The next support level is at 0.325. From a quick scan of its financial report, I did not detect any fundamental deterioration in its financial standing except that the cash flow from operations turned negative from the positive position in 2013 and its net asset per share is 0.2875.

One possible explanation to its sell down could be that the market price has been traded beyond its value due to news of its TRS and JV project and is now finding its way back to its value on negative news on these projects. Please note that this is just a hypothesis and not based on any calculation.

-----------------------------------------------------------
Posted by Bs1688 > Aug 28, 2014 01:56 PM

help Profit man! Why Iris committing suicide aah?

richardkong - I think the RCPS is testimony to its good performance with growing accumulated profits and cash reserve. RCPS do not have an effect on its share base in the short term until it is converted to ordinary shares later. There will be some dilution in its earnings per share in future when they are converted.