ariff7996, you are welcome.

Have you joined me on my google group which i just started lately.

You can join me at:

matrixcool-picks@googlegroups.com

Happy Trading !!

Profitman, thanks for the wonderful article.I remember those time wife forget to cook dinner for hubby because too busy on the phone for Stock Tips ! Some "Ah Ma" went to the temple to pray for their stocks to move...

BTW, Catch 22 my all time favorite book beside Douglas Adam "Hitch Hiker To The Galaxy".

Happy Trading !!

16/6/2015--Daily Update

Sorry, Can't send email because my Gmail limit is up.

I think IFCA must have spooked all the 2nd & 3rd liners and today all of them took a heavy beating. Sadly, many of my stocks either hit my Trailing Stop or Stop Loss which I am out to protect my capital.

ABRIC (7061) –About to hit my Stop Loss below $0.53. It is in oversold so some technical rebound can be expected. I may clear on any rebound to protect my capital.

CENTURY (7117)—Hit my Stop Loss and I am out with some losses

GESHEN —Hit my Trailing Stop at $0.74 I am out with all my profit.
MMSV (0113) –Hit my Stop Loss and I am out with losses. (Note: Counter is oversold and I am monitoring the next support of $0.715 if hold I may reenter

SALCON (8567) —break above $0.87 and hit my first target of $0.90 which I am out with some profit.

MY WATCHLIST

PERWAJA (5146)—If break $0.18 may try 40.20/$0.23/$0.255. Stop Loss below $0.145

DISCLAIMER: The above information is NOT a recommendation to buy or sell stocks. They are only for sharing and educational purposes only. Any trade that you undertake as a result of the above information is solely at your own risk. Please consult your own investment advisor before undertaking any investment decisions.

sunflower22 ,

Many thanks for your kind words.

But really I cannot claim all the credits.
Some of the stocks you mentioned are from TCB SIF, TCB works as a team under the good leadership of profitMan.

Abric, Evergreen, Geshen they were highlighted to me by profitman, Sunlight and yoda88.

Do join us in our FB at:

https://www.facebook.com/groups/techcodebreaker/

They will highlight more stocks in the future there.

Happy Trading !!

belkg , You are always welcome..

Did you collect some KPSCB this morning?

Happy Trading !!

Not sure whether my email is sent.

Anyway, for my readers this is today daily Report:

3/6/2015

ABRIC(7061) hit my target of $0.60 which I have locked in all my profit.

CENTURY (7117)-- It broke out of its immediate Falling Resistance Line and hit a high of $0.935 before profit taking kick in and close at the breakout level of $0.91.(The Falling Resistance Line value decreases as time goes by). Any weakness offers buying opportunity, in the event $0.91 fails to hold stronger support is at $0.895/$0.885. A break above $0.935 will try my target of $0.955/$1.00/$1.05/$1.10. Stop Loss if $0.85 is violated

EVERGREEN (5101)—It breaks above $1.20 today and as long it can stay above $1.20 it is expected to test my target of $1.28/$1.30/$1.35. Stop Loss if $1.15 is violated.

HUPSENG(5024) — It is expected to break above $1.10 to try $1.13/$1.20. I have raised my Trailing Stop to $1.07 to protect my profit.

PENTA (7160) –It is expected to scale higher to test its immediate Falling Resistance Line at $0.715 because recent consolidation looks over. A break above $0.715 it should be moving toward its Strong Resistance at $0.745 and beyond.
For better understanding of this stock, please visit TCB—SIF or our FB at:
http://tcb-sifs.blogspot.com/
https://www.facebook.com/groups/techcodebreaker/
Please join our FB group as many articles from us will be posted there in the future.

COUNTERS THAT I AM COLLECTING:

KPSCB(9121) — It broke out from its 6 months consolidation on 29/5 with increased volume which is very Bullish. It is at stage 2 of the new cycle and the advancement of price is expected to be more aggressive in the future. A break above $0.50 it is expected to test $0.535/$0.555. Any weakness during consolidation towards immediate support of $0.465/$0.46 offer buying opportunity for future play. Stop Loss if $0.44 is violated.

WTK (4243) —I have started to collect WTK today and will keep collecting on any weakness.It is expected to test $1.10/$1.15 soon. Stop Loss if $0.99 is violated.


DISCLAIMER: The above information is NOT a recommendation to buy or sell stocks. They are only for sharing and educational purposes only. Any trade that you undertake as a result of the above information is solely at your own risk. Please consult your own investment advisor before undertaking any investment decisions.

Dear Readers,

As my Gmail sending limit is up so i cannot send emails today.
Instead, I will post my Daily Update here and on our FB page at:

https://www.facebook.com/groups/techcodebreaker/

Happy Trading

Thanks everyone for your kind words.
Ya, I will write more articles here in the future.
profitMan, you are such a great leader in TCB..Hat off !

Happy Trading !

23/5/2015

Group Think Vs Trading Plan

I always want to write this article to tell my readers about the important of a Trading Plan and finally I got my son to help me to put it down on words.

This happens a lot in social circles and discussion boards. It comes from insecurity. You've seen it many times, someone comes into a conversation and they say things like, "I think this counter xyz going to move in a big way tomorrow, I heard it from Mr. ABC. You guys think it's a great opportunity right?". What seems to be an innocent and harmless "hearsay" stock tip is actually an individual seeking confirmation from his or her peers. That means that person, on a deep subconscious level, is actually not sure whether or not this is a good idea to trade in Counter XYZ. That person has no confidence in their own system or trading plan, or even worse - they have absolutely no plan to begin with. They want to hear people say to them, "Yeah! sure make money bro!", so that they can feel secure. Do not be like that person, as you have no reason to be.

You are armed with technical knowledge, and you have many opportunities to research a counter before going into a trade. Not even that is fool-proof, but a trader with a plan is bound to succeed more than an insecure group-thinking person. Why?

Simply because doing the hard work and analysis gives you a structure on how you will do your trading. After that you set your own trading plan, know your Entry Price ,Potential Rewards and Stop Loss level. You already have the three most important parts of information for when things go right, or when things go wrong. Meaning to say, you don't need to ask ANYBODY for confirmation on whether or not the trade is going to be a smart trade. This is because you know exactly when you want to go in, or when to pull out. If you stick with your trading strategy and plan, you need not worry about someone else's insecure statements like, "Aiyoo I think this counter going to go down further lah!".
I've seen big groups of people being dragged down by one outspoken, insecure trader - because they were not strong-willed or disciplined traders themselves. With that in mind, always remember to separate your emotions from your technical analysis. It's impossible not to feel any emotion, but try to be as objective as possible. Stay away from insecure people trying to take other people into their black hole of insecurity. Avoid group think, and contribute / help other traders on a basis of confidence and discipline.

Happy Trading,

Matrixcool

connie , ya..Let Ego out of trading plan.
It is hard but something we must do to be a good trader !


Happy Trading !!

connie --nice to see you here !!
Not all winners ada losers juga.

Happy Trading !!

kurakura--You would be a really good trader if you can stop Loss without 2nd thought as mentioned by you. I am happy for you.
Many traders failed to execute the Stop Loss because of their Ego that they cant be wrong to buy that particular stock in the first place. After that they will live in "Hope&Pray" that the counter should be moving up for them.
Take your losses Early and Ride on your Winner as long as you can, that is how you can make money in the stock market.
Fa & TA helps, but the only way to make money is still your trading plan and discipline.

Happy Trading !!

Haha duitKWSPkita ,
The TCB is under the very capable hand of profitMan and gangs..
I am very happy as TCB has been focused in helping others on TA.

Happy Trading..

kurakura ,on your question of:
Are there any rules to differentiate when to scale out or use a trailing stop?

I posted on Trailing Stop last year. Just to share with you my method of setting Trailing Stop and every trader may opine differently as I am a Short Term Trader.


Trailing Stop (24/01/2015)
Thanks to Dunknow for helping out on Trailing Stop , to be honest I have forgotten that I had written about it earlier by using SMRT.
Maybe I will add in a few notes for trading purpose:
You need to ask a few questions before you can set or calculate a Trailing Stop:
a) What kind of trader are you? Day Trader, Short or Long term?
b) Are your stocks closed to your target price?
c) Is the stock trending or sideways?
d) Does the chart pattern show sign of reversal?
I can only share my thought how I set my Trailing Stop for a Short Term Trader. For day trader and long term trader you may need different calculation.
I know some use Fibo numbers which I am not too familiar but maybe it is helpful if you are long term trader and you are comfortable at 50% retracement but I am not.
You are setting a Trailing Stop because you are on a winning stock. Like all of us you want to sell at the Top right? But let me tell you it does work that way, no one can sell a stock at the top all the time. You want to ride on your profits as long as you can and want to sell at the top, sorry this 2 things does not work hand in hand. You also do not want to sell too early and missed the big profits.
1) For short Term Trrdaer--I normally set my Trailing Stop just below an important support, for example the breakout level (Resistance turns support), or support that has big volume on it.
2) I will tighten my Trailing stop when the price is close to my Target price. That says I bought a stock at $1.00, my target is $1.20. When the stock say move to $1.18 which is 2 cents off my target, I may set it at says $1.15 if it fails to hit $1.20. ( In Mathematic that means to make that extra 2 cents I am willing to give back 3 cent gain).
3) That says it hit $1.20 and break above, I would have taken partial profits and set my new Trailing Stop at $1.18 (2 bits below the breakout of $1.20 to protect my remaining profits.)
4) When the chart shows weakness like form a Dark Cloud, Shooting Star etc., then I may set the Trailing 1-2 bits below that Bearish Candle.
Lastly, this is my way of trading and many of you may not agree with my method. The most important for you to decide is how much you are willing to give back in exchange for a longer ride? That is your right Trailing Stop Level.

Hope this help.

Dunknow, JJ, thanks for your kind words.

Thanks everyone for the good wishes. Sorry I can”to reply your email individually. Your kind thought is appreciated.

Hopefully all of you will make more money when I am away. I will do my utmost best to try to update my stocks when the opportunity arises.

Happy Trading !!

5/4/2015

Novice 8,

GRAVESTONE DOJI

Ya, HEXZA(3298) did close with 2 Gravestone Doji .

The Gravestone Doji is formed when the Open, close and low are the same price. It has an upper shadow, meaning the sellers takes over the bull at closing.

What does it mean: Like any Doji the most important criterion is the location of the Doji. For the case HEXZA it was formed after a rally, it is generally viewed as bearish. TCB has correctly interpreted that it may begin its consolidation downward. But because it is an uptrend counter so any consolidation with reduced volume towards its immediate support of $0.815/$0.795 offers buying opportunity for future play. Just observe the Stop Loss level mentioned by TCB.

For a detail analysis of HEXZA,please visit TCB SIF at:

http://tcb-sifs.blogspot.com/


Happy Trading.

belkg ,

Please send me an email first.

matrixcool02@gmail.com

(02--reads zero two)

Happy Trading !!

Hi everyone,

profitman has clarified that TCB does not send email.

But if you want to receive email from me please send me an email at:

matrixcool02@gmail.com

(02--reads zero two)

Happy Trading !!

wtclau -- I will recheck your email address.
Anyway i think maybe it is better you send me an email to:

matrixcool02@gmai.com

(02--reads zero two) and i will reply tour mail.

wcteng91--You can also send me an email at the above address so that I can include you in my mailing list.

Happy Trading..

twoplus ,

Do you read my mail yesterday?
If not trade with your trading plan.

Happy Trading..

wtclau,

Yeah, I just sent you another email attached the latest weekly summary.
Can you check your Junk mail maybe it is in there.

Happy Trading !!

29/03/2015

Sharing My experiences with friends here.

TCB has always encourages taking early losses and try to ride on profit on a winner. That is the only way traders can make some money in KLSE.I would like to share my trading experience of EVERGRN (5101) with friends here. I am a short term trader and I don”t normally hold stock for more that 3 months unless I am on a winner.

For many of my readers, I thank you for the many emails I received on EVERGRN because many of you made money on it. But sadly many of you were out of it when it hits $0.80+ and I know just a few of you ride it until $1.00.

My ride on EVERGRN ended last Thursday when it hit my Trailing Stop at $1.19. It is almost 3 months when I first introduced it in early January 2015.

Posted in Week 1 Report :
# EVERGRN (5101) — stage 4 of the cycle ended with a new low of $0.45. It has started new stage 1 cycle trading in Rectangle pattern from $0.505 to $0.68. Lately it has shown more strength to break out from the rectangle, so any weakness towards immediate support of $0.59/ $0.57may offer buying opportunity for future play. #

After I posted it, on week 2 I have chosen it as my Top Pick:

EVERGRN (5101) — Last week I have recommended this stock and asked you to buy at $0.59/$0.57 levels.After almost 2 and the half year of consolidation from $0.45 to $0.68 it finally breaks above $0.68 0n 07/01 with volume on the weekly chart.It is expected to begin its 2nd stage of the bullish cycle if able to stay above $0.68 to an immediate target of $0.85 with strong resistance estimated at $0.78.Any consolidation due to the recent sharp rises should find immediate support at $0.70/$0.68 (Resistance turns Support) which offer buying opportunity for future play.I had set my Trailing Stop at $0.67 to protect my profits (Action: I may also lock in my profits if it can”t break above $0.745 ).

After this posting it started its stage 2 cycle and hit a high of $1.28 last week, gaining more than 100% in almost 3 months.
I want to share this because if you are on a winner do remember to trade with a Trailing Stop as no one knows how high it can move, the targets can only be used as a guide.


Happy Trading !!

LCTH

Thanks Yoda88 for posting Ming Han article on LCTH.

Technically, it did breakout from $0.385 with volume and is expected to test $0.415/$0.44 and immediate target of $00.48.

Happy Trading !!

profitman, enjoy reading your article on Average Down.
Thumb Up !!
I totally agreed that unless there is a price reversal form, never average Down.
" Only losers average losers" Unquote !

Happy Trading !!

cityplus > Mar 14

KUB is waiting to break and close above $0.46 soon.
In ​fact, I ​have chosen it as my Top Pick this week:

KUB (6874) —It is expected to break out from “ Double Bottoms” formation above $0.46 which has bullish implication. The immediate target for such breakout is estimated to be $0.545 in the near future. A break above $0.46 with volume will take it to its immediate resistance at $0.49/$0.515 and $0.545. Stop loss if $0.435 is violated incase it is a Bull Trap.

Happy Trading

sunshine96 ,sunflower22

I am happy both of you make money in the stock market.
Please remember if the stocks either mention by me or TCB, do trade with an exit plan in case the stakes are against us.

Have a great weekend.

Dunknow --You are right. On a winner do trade with a Trailing Stop incase there is a pull back.

Happy Trading !!

belkg Borneo Oil is back on my radar..


BORNEO OIL (7036) —Its recent consolidation looks over and one can expect some strong rebound. The uptrend line is intact, immediate support is adjusted to $0.89 and Strong support is at $0.865.Immediate resistance adjusts to 40.96/$0.98. SL if <$0.865.

Happy Trading

Haven't been posting on TCB for a while because porfitman and team are doing a great job here.But TCB is always close to my heart and I would like to post some trading experience here from now on.

MIECO--- I was flushed out yesterday by raising the Trailing Stop too close to protect profit. A lesson well learnt ! I could have chosen $0.615 (As $0.62 was a previous breakout and become Resistance turns support) instead I have chosen $0.64.( as immediate support is at $0.65.) Well, this is part of trading and Selling always the most difficult part.
Of course I am still very happy with the returns from Mieco trading, just want to share my experience here as many have asked me about Trailing Stop before. Again it proves no one knows exactly including me.

Technical—Break above $0.70 today, the next target is estimated at $0.75/$0.80. Stop Loss if $0.69 is violated.

Happy Trading !!

profitman, welcome back from your long holiday.

TCB will be active again when you are back !

Happy Trading

duitKWSPkita, same to you.

It is always nice to hear from you.

I do not post much lately because of travelling and profitman and team are doing a great job here.

Still, TCB is always my Home....

Happy Trading !!

Hi novice8,

Glad to hear to make $$$ in Gkent after i highlighted in my email.
The stock is still bullish but now under some consolidation.
I may also reenter if $1.30 holds.

Have a great weekend !!

novice8,

You are most welcome !
Hope you are doing well in your trading.
MBH is expected to cross $1.60 soon.

Happy Trading

Hi connie ,

You were in IFCA and SYSTECH too?
Good for you, both were my trading stocks too.

Happy Trading?

cityplus > Jan 23, 2015

Dear TCB,

# Appreciate if any sifu here can provide some TA info for MHB(5186), thanks in advance :) #

Hi cityplus, MHB is my Top Pick this week.

MHB (7617)—It is very seldom I pick a Downtrend Counter to be my Top Pick. The reasons I choose it is because :
a) Stage 4 of the cycle ended at $1.27 on 15/1/2015. A break above $1.50( its immediate Falling Resistance Line signal Price Reversal), it is expected to begin its new stage 1 cycle anticipated to trade from $1.50 to $1.83 which offer a profitable return with a very low risk buy.
b) The Price /RSI has formed strong Bullish Divergence implies accumulation was going on during the past 3 months, so one can expect it to move higher soon.
A break above $1.50 it will test $1.60/$1.65/$1.70/$1.83 in the near term.Any weakness should find support at $1.40/$1.37. Stop Loss if $1.35 is violated.

Hope this help !!

wtclau ---My short term means from 1 day to 3+ months the most.I will always lock in profits when I am happy with the returns.
If my stock starts the Sideways movement I will normally cleared it to release my capital for other trending stocks.

Happy Trading.

Dunknow > Jan 24, 2015
# Hi,TCB,I have 1 inquiry on "weaknesses of the stock trading"?How do we know if the current stock that we are trading are showing weakness?from volume?from Q of sell/buy?or reaching toward last support level?or continuosly drop in few days trading?or not moving of the price stock? #

Dunknow, you have asked a valid question on how to spot a weakening stock.

I would like to share some of my thoughts on this topic. As you all know I am a short term trader basing on TA only. So I cannot comment on any FA changes of the company.
To me, the most important factor in TA is always Price and Volume. Beside Candlestick I think many of you also know that I hardly use any indicators..
One can see a stock is losing steam by observing the following:

a) The price is moving up but the volume is decreasing. What we call Price and Volume forms Bearish Divergence.
b) The Price moves high up with extremely large Volume may imply “Buying Frenzy” that subsequently will cause Price to drop back as buyers were exhausted.
c) The Price open with a very large Gap normally invites traders to lock in profits or we TA believes that Gap needs to be closed eventually.
d) Sometime I do use Price/RSI to find such Bearish Divergence too.
e) The Candlestick form a dark Cloud, Engulfing Bear, Shooting Star etc I will pay attention for further weakness.
f) A stock drop in price after some gains does not mean it is losing steam if the consolidation is with reduced volume.
g) A stock at over bought position can be tricky, but after some consolidation it should carry on its upward momentum. A trending stock can sometime stay at overbought region for a long time while Price keeps moving up.

Hope this help !!

soulmad ,On your question of Trailing Stop.


Thanks to Dunknow for helping out on Trailing Stop , to be honest I have forgotten that I had written about it earlier by using SMRT.
Maybe I will add in a few notes for trading purpose:

You need to ask a few questions before you can set or calculate a Trailing Stop:
a) What kind of trader are you? Day Trader, Short or Long term?
b) Are your stocks closed to your target price?
c) Is the stock trending or sideways?
d) Does the chart pattern show sign of reversal?

I can only share my thought how I set my Trailing Stop for a Short Term Trader. For day trader and long term trader you may need different calculation.
I know some use Fibo numbers which I am not too familiar but maybe it is helpful if you are long term trader and you are comfortable at 50% retracement but I am not.

You are setting a Trailing Stop because you are on a winning stock. Like all of us you want to sell at the Top right? But no one can sell a stock at the top all the time. You want to ride on your profits as long as you can and want to sell at the top, sorry this 2 things does not work hand in hand. You also do not want to sell too early and missed the big profits.

1) For short Term Trdaer--I normally set my Trailing Stop just below an important support, for example the breakout level (Resistance turns support), or support that has big volume on it.
2) I will tighten my Trailing stop when the price is close to my Target price. That says I bought a stock at $1.00, my target is $1.20. When the stock say move to $1.18 which is 2 cents off my target, I may set it at says $1.15 if it fails to hit $1.20. ( In Mathematic that means to make that extra 2 cents I am willing to give back 3 cent gain).
3) That says it hit $1.20 and break above, I would have taken partial profits and set my new Trailing Stop at $1.18 (2 bits below the breakout of $1.20 to protect my remaining profits.)
4) When the chart shows weakness like form a Dark Cloud, Shooting Star etc., then I may set the Trailing 1-2 bits below that Bearish Candle.
Lastly, this is my way of trading and many of you may not agree with my method. The most important for you to decide is how much you are willing to give back in exchange for a longer ride? That is your right Trailing Stop Level.

Hope this help.

Romjam,

SYSTECH (0050)—It is expected to test its previous high of $0.335 soon, a break above $0.335 will take it to $0.35/$0.37 and beyond. Any weakness should find immediate support at $0.28/$0.265. A break below $0.265 signal trouble and would advise traders to Stop Loss if $0.26 is violated.

Happy Trading

Hi Connie, Sephiroth,how is 2015 to both of you?
Furniture stocks doing well, so Sephiroth should be happy.
Connie, waves working well in down turn market?

Happy Trading !

Hi Connie and everyone here...Happy New Year !!

Thanks to tsy88 for correcting my mistake on TDEX.
This is the corrected version:

TDEX(0132) —Hit a high of $0.26 last week but failed to try strong resistance at $0.28/ $0.30. Since then in line with penny stocks being sold down last week TDEX suffered the same fate. The uptrend Line at $0.22 has not been violated yet and some rebound can be expected from here.Any technical rebound should find strong resistance at $0.24. Stop Loss if <$0.215( Action: expects to trade from $0.22 to $0.24, can consider reduce holding on any rebound unless it can close above $0.24).

My apology for the earlier mistakes.

Happy Trading !!

Posted by sunflower22 > Nov 30, 2014 09:44 AM | Report Abuse

Good morning matrix, profitman and all experts of TCB,

Kindly advice on smrt

Have a great weekend !

Hi Sunflower22, SMRT is my Top Pick of the Week for my mailing friends.

My Top Pick Of The Week
SMRT (0117)—It is forming Symmetrical Triangle pattern and it is building up more momentum to breakout from the Triangle soon. It is expected to test its breakout level of $0.87 soon, a break above $0.87 with volume confirm breakout to try its immediate resistance at $0.90 and strong resistance at $0.92.If it can break $0.92 it is heading to its previous high of $0.95 and immediate target of $1.00/$1.05. Immediate support adjusts to $0.83/$0.815. Stop Loss if $0.79 is violated.(Action: Buy on any weakness or when it breakout from the Triangle).

Happy Trading

Posted by countfind > Nov 27, 2014 08:13 AM | Report Abuse

Good morning pls

Can anyone help with outlook for tdex please?

TDEX(0132) —Hit my immediate target of $0.275 last week but failed to try strong resistance at $0.30. In line with penny stocks being sold down last week TDEX suffered the same faith. The uptrend Line at $0.22 has not been violated yet and some rebound can be expected from here.Any technical rebound should find strong resistance at $0.24. Stop Loss if <$0.215( Action: expects to trade from $0.22 to $0.24, can consider reduce holding on any rebound unless it can clear $0.24).

Happy Trading.

Thanks Cityplus,RI77,dunknow and tsy88 for the kind words.

TCB was set up with 1 purpose to help and share TA knowledges with all the friends here.

Sunlight, wonderful article on Stop Loss and Trailing Stop. Keep up your good works.

kenix83, Just to add on Trailing Stop beside percentage one can also set the Trailing Stop just below an important support (Like breakout level--Resistance turns Support)etc.

Happy Trading !!

michaelwoo ,belkg or anyone in TCB. If you want to be on my mailing list, please send an email to me at:

matrixcool02@gmail.com

(02) Reads --zero two.

Happy Trading

Cherry Tomato,
Willow is my top pick for my readers.

My Top Pick Of The Week

WILLOW(0008)—Breakout from its Flagpole pennant pattern at $0.88 last Friday which is very bullish and carry an estimated Target of $1.05. It is expected to break above $0.90 to test its immediate resistance at $0.93 and very strong resistance at $0.96 (Its previous high). If break above $0.96 Willow will challenge $1.00 and target of $1.05 Any weakness should find support at $0.88/$0.87 offers opportunity to buy for future play.Stop Loss if $0.83 is violated.

Happy Trading

Jerry DS > Nov 8, 2014

Dear TCB,
Appreciate if you could give some advice TA on pasukgb.

PASUKGB(0177)—Sideways movement from $0.23 to $0.25.Some accumulation is going on, so if break above $0.25 signal BUY to next resistance at $0.27 and $0.30. Immediate support adjusts to $0.23/$0.22 and Stop Loss if <$0.21. (Action:Scale in if break above $0.25 or clear to release my capital if $0.25 cannot be taken out).

Happy Trading.

Due to I cannot use Google Email in China, I will update my stocks here in TCB.
IFCA and SMRT performed really well last week, for those that still riding on it remember to set a Trailing Stop to protect your profits.

02/11/2014 Weekly Summary:

My Top Pick Of The Week

YGL (0086) —Broke out from Ascending Triangle on 29/10 at $0.33 with volume it is very bullish and carries an target of $0.54 in medium term. The uptrend takes a little pause last 2 days but it is expected to break above its immediate resistance at $0.385 and try resistances at $0.40/$0.43/$0.46 with very strong resistance at $0.50. Immediate support adjusts to $0.355/$0.345 with stronger support at $0.33(Resistance turns Support). For short term trader you may want to stop loss if $0.30 is violated and medium term trader your stop loss is If $0.265 is violated.

QUICK Trade:

SEACERA (7073)—Finally it break out from its Downtrend line last Friday with volume.It has turned bullish and more upward movement can be expected in near future.Due to many traders being caught on this counter earlier one can expects some selling when it is moving up.But any weakness offer opportunity to collect,immediate support adjust to $1.05/$1.03. It is expected to retest $1.14 and if break will try next resistance at $1.20.Very Strong Resistance at $1.26/$1.32. (Action: Buy on any weakness towards supports).

IDEAL (0081) —It is expected to test $0.60 and very strong Resistance at $0.63(Its immediate Downtrend Line).A break above this level signal Trend Reversal it is expected to move higher to $0.65 /$0.70 / $0.75. Any consolidation will find immediate support at $0.54 with strong support at $0.525. Stop Loss if <$0.475. (Action: I may scale in if it can breaks above $0.63)

Short Term Trade

PELIKAN (5231)—It is trading sideways and having some difficulty to break $1.24. Immediate support adjusts to $1.18/$1.16. A break above $1.24 it is expected to test $1.26/$1.30/$1.35. (Action:Sideways and will look at it when break above $1.24 ).

VS(6963)—As suggested it breakout from the Triangle to continue its uptrend movement. It is expected to test its immediate resistance at $2.52 if break will try $2.55/$2.60 and very strong resistance at $2.68 (Its previous high which is also very strong resistance).If VS can overcome its previous high it is heading toward the target of $3.00.Stop Loss if <$2.24.

TALIWRKS (8524) — It gaped up on 30/10 and hit a high of $2.03 before subjecting to profits taking. It is having some difficulty to stay above $2.00 to challenge its previous high of $2.05 and beyond.The landscape for Taliwrks has turned bullish and any weakness offer buying opportunity. Immediate support adjusts to $1.96/$1.90. Stop Loss if $1.80 is violated.( I may scale in if break previous high of $2.05 into uncharted territory).

I am collecting:

PASUKGB(0177)—Sideways movement from $0.23 to $0.25. A break above $0.25 signal BUY to next resistance at $0.27 and $0.30. Immediate support adjusts to $0.23/$0.22 and Stop Loss if <$0.21. (Action: I may scale in if break above $0.25).

Happy Trading.

rob_z3_man > Oct 24, 2014
Dear TCB, may I have a reading for MMSV pls.


MMSV(0113) —I did a quick trade on MMSV and sold last Friday because it is still on Technical Rebound. It is sitting on its previous uptrend line at $0.505 (Support turns Resistance).As long as it can stay above this line the landscape looks good for further advance.Last Friday it opened with a big gap and there is a concern that this gap may get to be filled at $0.495/$0.48. (Now turns to be its immediate support). A break above $0.515 it is expected to test $0.53/ $0.56 and the previous high of $0.62. Stop Loss if $0.43 is violated.

Happy Trading