miracle4faith - Symphny: Broke out on 27/3 to start its bullish trend with volume. It hit its TP1 of 0.28 yesterday, 8/4. TP2 is 0.35 and TP3 is 0.41. Immediate support is 0.27 to 0.275. It is scaling new highs. Catalyst: Takeover by Ranhill. I am also trading this counter with an entry price of 0.21. Caution: The increase has been fast. Remember to set your profit protection price and stop loss price.

ellesse/androsjy - you are most welcome. We will assist wherever possible.

Connie, Chrissy & everyone here - good morning.

Ha ha ha... Ayamtua & banana.

Connie - are you good people talking about real bananas or is it a code for a counter that you people are trading in? I love the real bananas. And banana splits too. Nightie night.

Matrix - sorry to hear that. I wish her a successful surgery. My thoughts and prayers for her recovery.

androsjy - MKH: As Matrix mentioned, it is under consolidation at the moment. It formed a hanging man on 1/4 suggesting a potential bearish trend. After unsuccessfully attempting to scale higher on 3/4, it succumbed to selling pressures and is now consolidating. Between 21/3 and 3/4, it traded with a Price/RSI divergence suggesting a weakening in the upward momentum. Retracement todate is less than 38%. It is now testing its immediate support level at 4.48. A break at 4.48 would see it testing the next support at 4.21. Immediate resistance is 4.92.

connie - thanks for sharing the article.

ellesse - CMSB: for mid to long term holdings, suggest you look into its fundamentals. A quick look at its annual report revealed a pretty good counter to hold. Good revenue growth of 17.7% in 2013 and a 30% growth in profits before tax. Impressive liquid ratios of 2.91, low gearing at 0.06 times and most importantly consistent positive cash flow. I would strongly suggest you analyse its FA in more detail (I may have missed something) and I always recommend an estimation of its intrinsic value so that you know what is your trading safety margin.

novice8 - Prtasco's uptrend is still intact. It has retraced 38% and it has an immediate support at 1.91/1.92. The momentum has weakened at the moment. I have locked in profits on this one but will be closely monitoring for re-entry.

Arsenal took quiet a beating from Everton.

tccher - SWSCap: On a bullish trend started on 13/2 that was followed up with a gap up on 14/2 with volume. It is currently scaling new highs with an immediate support of 0.70. The next support level is at 0.62 to 0.63. TP1 of 0.68 has been reached on 1/4. TP2 is 0.80 and TP3 is 0.98.

miracle4faith - thank you for your kind comments. I share Matrix objective in trying to ensure traders do not make the mistakes we made and end up incurring losses. Do share your trading thoughts with us.

matrix - you're welcome. I did not know you need a visa travelling from Turkey to Cyprus. When I went, I traveled straight from here. I am not surprise though, because they are technically at war. Maybe take a long telescope to peek into Cyprus. ha ha ha....

tiongms - Boustead: Range bound trading between the resistance line at 5.50 and support line at 5.25. Although it formed a bullish harami on 24/3, it was not followed up with a trend line break, thus rendering the bullish momentum going forward weak. It is now trading sideways in a consolidation mode within a tighter range between 5.35 and 5.45. A break above 5.50 with volume would signal a strong buy. Traders on this counter should exit if the support of 5.25 is broken through.

connie - thanks & good morning.

connie/bracoli - i like the young & muscles part. Never mind it is not true but it sure makes me feel good. Ha ha ha.. Managed to hit 200 balls. 500 balls would be a wee bit too ambitious. Gotta go. Connie is right. Time for Liverpool's game. Nightie night people.

connie - poor me. Kakis all played yesterday without me.. sob..sob...sob... Enjoy your wave analysis.

hi connie. Gotta go for some golfing now at the range.

winwinborn - Latitude: Looking at the mid-term trend for guidance, it formed an engulfing bull the week of 21/3 which is a bullish indicator. The uptrend is still intact at the moment but on lower volumes. Immediate support is now at 2.70 and then 2.60 should 2.70's support be broken. Its upward momentum is slowing and it is trading with a Price/RSI divergence. Although it surpassed its resistance of 2.82 when it closed at 2.83, the coming week's pattern is crucial to see if it can hold above its resistance price. If it doesn't, we can expect some consolidations before it re-test new highs.

connie - yeah, 6 more games to go to clinch the title. Green day today?

connie/chris - good afternoon. Have a profitable day ahead.

matrix - congrats on your Padini too. Fair bit of profit taking this morning. I will clear all when it is closer 2.10. Will be scaling in more into Prtasco as it weakened towards its support price of 1.92.

Joyous - we use TA to calculate the target prices and to work out the support and resistance.

I will try to answer you on the waves because Matrix uses a simpler 4 stage wave, which I feel is easier, less complicated and yet very effective. After wave 5, it will be followed by a 3 stage corrective waves, i.e. ABC. After the ABC waves, then the recount starts again from Wave 1 when price breaks out into another trend. Identifying the waves require lots of practice and there can be a lot of sub-waves within the waves.

I use the Elliot just to see at what stage the counter is in but I trade base on the less complicated method of using candlestick charts, volume, support and resistance. Nowadays, I tend to use Matrix 4 stages method more. There are a lot of successful Elliot wave traders too. But, at the end of the day, you need to use the method that is most comfortable to you and one that serves you best.

matrix/novice8 - I see that you guys locked in some profits on Padini too. I sold some today too to realize some profits first.

connie - let me be the first to wish all of you good morning.

Good Morning To All Here.

Matrix - thank you for the very insightful sharing of your trading thoughts.

connie - jumping in and out, huh? Good for you. I locked in all Insas profits too, so that we can party together! I will bring the sandwiches! Ha ha ha....

Joyous - if you are planning to hold Insas for the medium term, I would suggest you look into its FA aspects especially its intrinsic value. Sephiroth is a very good guy to check with on FA details.

Insas is fundamentally sound but you need to know what is your margin of safety to see if it is worth holding for mid term. Chart wise, I agree with Matrix, it could be in for some consolidation. I am locking in profits today for the remaining of my holdings.

sephi - looks good so far as it started a bullish trend. But if today's candle stay the same until the end of the day, it could go into consolidation temporarily. As always, you have a very good entry price.

sephi - congrats on yr hexza.

good morning to all.

matrix - sorry, did not get to do MPay. Today is my badminton day. Had a really good workout on the courts today. Good to see you back.

Insas is really bullish at the moment. Have been doing short trades on it. It fluctuates quite a bit within the day. If you are not at your max trades, you might want to take a look.

ronaldo96 - PICorp: Price has bottomed out at 0.13. Started a bullish trend when it broke out on 11/2. Selling pressures are well absorbed so far. Its previous high of 0.265 has been surpassed and it is now testing new highs. Immediate support is 0.26. TP1 = 0.34 ; TP2 = 0.41 and TP3 = 0.52.

deedee - yes it is. It formed an evening star candlestick and signals an impending reversal. Tomorrow's candle is important. If the candle opens with a gap down and pushes the price down further, then it has turned bearish.

connie - when the opportunity is there, gotta grab it. Have been doing day trades and 2-3 days trade with Insas. I like sephi's description of guys. Yeah, man!

connie - insas could be on the run again. Locked in some profits this morning and will be locking in profits again afterwards. Exciting counter to trade.

connie - I assume you are commenting on Sona. Very good analysis and observation.

connie - ha ha ha.. thats a good one (the Matrix comment)!

connie - good morning. You really have a way with words. Thks. Yr counters are FLYING. Looks like this is gonna be a very profitable year for you and making tons of money before yr Europe tour. Great stuff.

bracoli - Fitters: Very bullish on Elliot wave 3. Made a bullish MACD crossover on 21/3 accompanied with increased volume. Have been trading at above Moving Average Volume. Should re-test its previous high of 1.11 in the very near future. Immediate support = 0.90. TP1 = 1.01 ; TP2 = 1.17 ; TP3 = 1.42. Note: Price has surpassed TP1 today.

connie - thanks for sharing what you read from e-book. Very good reminder for me. Got to be on guard not to fall for any fools day joke. Cheers.

bracoli - if you are buying in on 25/3, it would certainly look bullish and it makes sense to buy in. Don't forget, we are now looking back at the candles which is easy but it is not easy to look forward. In hindsight, we always have a 20/20 vision. But if you have a trading plan with stop loss price and profit protection price in place, you should do fine.

bracoli - WTK: an interesting chart in that there is a keen tussle between the bulls and the bears. It made a bullish breakout on 25/3 to hit a high of 1.47 with good volume. It scaled higher the next day with a 1.49 high but bearish sentiment rejected the bulls entirely with a bearish engulfing pattern.

The piercing candle on 28/3 again rejected the bearish candle on 27/3 to signal a bullish trend. It found support at 1.35 and it is attempting another bullish run but the momentum looks weak. Volume has shrunk and if it remains low, could go into a consolidation phase. Need to clear the immediate resistance of 1.49 before it can test its previous high of 1.57. If you want to trade this counter, you might want to set a stop loss at about 1.34 depending on your risk appetite.

matrix - as always, happy to help out. Glad to have you back. The Hanwoo beef sounds real good. Wish I could sink my teeth into one. Looking forward to your analysis and postings again.

sf - a longer time frame is usually used to analyze the trend in the longer term. In this case, it provides a better intermediate term perspective of the counter as compared to the daily chart. But when we trade, we still use the daily chart and we trade in the direction of the intermediate trend.

connie - thank you for your words of kindness. Yeah, I am one heck of a happy Liverpool fan. Now we want the title. In return, here is another Pink Floyd song for your listening pleasure:

http://youtu.be/BNoF6mFV_qs

Night night.

connie - thanks for silk info. Nightie night.

Joyous - you are most welcome. We are here to help and learn from each other. Maybe April has to do with the closing accounts of some fund managers or whatever, I am not too sure. My personal opinion is that there is no such thing as a bad or good time. For me, as long as the company has good fundamentals and if TA signals a breakout or bullish trend, I will trade it and if it go against me, I will cut loss. This is just my personal view.

Joyous - AEON: Has found a new bottom at 11.86. After gapping up on 28/2 with volume, it is now trading sideways on a narrow range between 14.32 and 14.64, forming a base at this level. A break below 14.32, will see its price trend lower towards 13.24. If 14.64 is taken out, it will test the next 2 resistance at 14.80 and 15.20. The momentum going forward is weak at the moment.

Spring - Ulicorp: On the weekly chart. it broke out on week 28/10 and hit a high of 1.19 during week 23/12 but the bullish trend was subsequently not sustainable. It underwent a bearish cycle and is now in a consolidation mode. Immediate support = 0.95 ; major support = 0.81. Immediate resistance = 1.07.

Novice8 - If I am reading the indicators correctly, there seems to be some accumulation taking place. Consolidation still looks healthy.