tuck2—Thanks for sharing on THPlantation..appreciate it !!

tccher—Target is just an estimated guide, sometime it may never get there. I think you bought in BARAKAH earlier at $1.57 at a really good price, you should “scale in” when it breaks $1.60 (That was the time I bought in at $1.61), to scale in at $1.66 does not comply with TA analysis.. Anyway, good luck because it is subject to profit taking at the moment..

pathew—You are right about the price may rise due to dry spell etc..But be cautious because the production will drop too when it is on dry spell especially those mature palms..

cherry tomato—Thanks for sharing valuable opinion on Palms..

Happy Trading..

profitman—Thanks for sharing on FA…

Haha..Is there a winning Wave then hope it will never end..
BREM--I am Q--ing to Buy because if you look at the chart, it Is not ready yet.. Do observe the support of $2.02..I start to collect some because it is such a low risk if willing to take some losses under $2.02..

Pathew, you are in Nylex and SDredging kah?

androsjy—you are welcome and will look at your other charts, maybe over weekend if no one help out on SAB, Bjcorp.

oops, lunch time..

Happy trading..

choolooi—Can you highlight what is the article about MUDA?


novice8—Thanks for the info on KSL..That is problem of stock, everyone is Bullish on it and suddenly 1 Q bad result it dropped like a bomb..

Ya, I did very well in MUDA as I collected when it was trading around $1.66..

Brem—When I start to collect that means I am buying in slowly, Q to buy and observe the support of $2.02 closely. I may just clear for daytrade loss if $2.02 is violated as the next support is $1.90. So do have your exit plan if you are buying in Brem..It needs to break above $2.07 to give the first signal BUY ( I may scale in) to next resistance of $2.12. If manage to stay above $2.12 it turns Bullish for more upward movement in the future..

Happy Trading…

KSL—brendon, can you tell me what happen on 27/02 when there is such a big drop on KSL? It is due to dividends or bonus issues?

Happy Trading..

Joyous—Not sure about others, I learnt my TA from books. There are courses conducted by various in-house training like Candlesticks etc..you can visit this site.

http://www.picapital.com.my/

I think for FA you may need to learn finance or accounting to understand those figures. I am not sure about FA..Anyone to help Joyous here?

profitMan, thanks for the sharing the TA info..Good works !!

androsjy--

I did the chart for Matrix for pathew yesterday..
# MATRIX—Stage 2 of the cycle and it is very bullish. It is under consolidation after hitting a recent new high of $4.09. Any further weakness should find support at $3.91/$3.86. Very strong support at $3.76, for short term trader exit if $3.70 is violated. A break above $4.05 will take it to next target of $4.12/$4.20.
It did my TP of $4.20 and set a new high of $4.28 lately. If break the next target is at $4.48/$4.50. The stage 2 counter will keep going up and keep setting new highs. The only way you can trade counter like this is to set a Trailing Stop to protect your capital in case of a Big Pull Back. Price/RSI has started to form bearish divergence since 03/04. (pathew 24/04)#

Anyone to help androsjy on SAB, Bjcorp?

tccher—Are you referring to BARAKAH?

MUDA is trying to break $2.00..

Happy Trading…

tccher—you are welcome.. You got BARAKAH @ a very good price..Almost reach my TP1 of $1.70/$1.72..

profitMan and SF, hey thanks to help out the forum investors here..Looking forward to meet both of you soon.

I am re entering BREM slowly, made some money last time while trading on it..

Happy Trading…

25/04

BARAKAH— As suggested BARAKAH move higher after breakout from $1.60, it tested its immediate resistance of $1.67 but failed to clear it. A break above $1.67 will take it to my TP1 of $1.70/$1.72.

ENGTEX—As suggested ENGTEX tested its strong support of $2.02 today , it opened with a fallen window that means downward movement could be further expected. .Any rebound will find strong Gap resistance at $2.09/$2.10

JAYCORP—Failed to cleared $0.86 to test my TP of $0.88/$0.90.It form a Dark Cloud today at $0.86, more downward consolidation can be expected. It is testing its important support of $0.825/$0.81. I have set my Trailing Stop to $0.795 to protect my capital

MUDA—Hit my TP2 at $1.96/$2.00 today. If break the next target is at $2.10/$2.12. Any weakness offers buying opportunity. I have raised my Trailing Stop to $1.84 to protect my profits.

ORNA—Failed to clear the “Shooting Star’ at $1.30 today. It is testing its immediate support of $1.25/$1.22.

Today i sold another 20% (total sold 50%) of MUDA at $1.99 to lock in 20% profits.
I also sold 20% of JAYCORP at $0.845 to lock in 9.7% profits.

Happy Trading and Good Night.

robertoBaggio66,ronaldo96 & yuyu82 , i just came back from airport really have no time to look your charts. If no one else help you out tonight i promise to look at the charts tomorrow for you all.

profitMan, Sf or anyone, please help out robertoBaggio66 ,ronaldo96 as i need to send my sister family to KLIA airport, will be late when i am back..

Novice8, i thought you had already bought in OKA when you asked me for the chart reading..

tccher --I think you bought in at a good price, you should have scale in when BARAKAH broke $1.60, that was the time i bought in at $1.61. I will do the analysis for BARAKAH when i am back tonight..

Happy Trading..

novice8,

# OKA—Stage 2 of the cycle and very bullish. Hit the high of $1.74 and may have found the new base at $1.52, it is still under consolidation. Any weakness toward support of $1.57/$1.52 offer buying opportunity for future play. A break above $1.67 signal consolidation could be over (Signal Buy or scale in) to test its immediate target of $1.74, if break it has an estimated target of $1.90 (with strong resistance at $1.80). For short term traders, Exit if $1.50 is violated.-- novice8,(03/04)#

Novice8, I did the chart for you on 03/04 right? I already told you if break above $1.67 it signal BUY..Now it break $1.74 next estimated target is $1.90 with strong resistance at $1.80. You should have reminded me when it breaks $1.67 I would have bought in myself.

Happy Trading..

Dedee—you are most welcome !!

MinMin---I did the reading for L&G on 14/04.

#L&G—Stage 2 of the cycle and very bullish. After hitting a high of $0.545 it is under consolidation at the moment (That is why it is stagnant).It may have found the new bottom at $0.465, a break above $0.525 will take it to its strong resistance at $0.545. If break will get to its next target of $0.575 and into uncharted territory. Any further weakness should find support at $0.485/$0.465. Exit if $0.425 is violated. nicholasnwh90 (14/04)#

After the reading,

L&G did hit my target of $0.575 on 17/04 and into uncharted territory. Today it sets a new high of $0.61 and moving towards its next target of at $0.625 and $0.655. Any weakness should find immediate support at $0.575 (Resistance turns support). For stage 2 counter as I said, just set a trailing Stop and ride on profits as long as you can. Or you can lock in partial profits like I did with MUDA, sold 50% and the other 50% just try to ride on it as Long as possible by setting a Trailing Stop.

Happy Trading..

pathew---THPlantation looks good after the breakout from $2.05. The bottom of $1.95 looks good for exit..Thanks for highlighting.

deedee—Not sure what is your risk level, IRIS is trading below $0.50 normally I would allow up to 10 to 12% because of its smaller value. To buy, wait or sell, you need to make your own decision. Just share my risk factor for lower price stocks.

Happy Trading..

MrGala—
HEVEA—what did your chart say? If you read my post last night the Dark Cloud forms yesterday close is shadowing its upward movement .

pathew, profitMan & splendid_ignorance —Thanks for sharing your valuable thought on the property stocks.

deedee—I did the chart of IRIS on 27/02 for Samradha

# IRIS—Very Bullish (Stage 2 of the cycle) after breaking out from $0.47 with volume on 12/02/14 which carry an estimate target of $0.65. It hit the high of $0.63 on 25/02/14 but formed a “Engulfing Bear” that imply some pullback is expected . The “Engulfing Bear “ is shadowing the upward movement of IRIS so any pullback can find Immediate support at $0.51 and strong support at $0.47( Resistance turns Support).Exit if $0.37 is violated.—Samradha(27/02/14)#

After the reading,

Iris is heading towards its strong support of $0.47 (it sets a low of $0.48 on 14/04) as suggested after forming the Engulfing Bear on 25/02 which is shadowing the upward movement of IRIS. If $0.47 fails to hold the next support is at $0.45. A break below this level, it may start its stage 3 of the cycle, which price can be volatile. Any rebound should find immediate resistance at $0.515/$0.525.A break above this level signal BUY and it is expected to move back up to its previous high with strong resistance at $0.58/$0.585.

Happy Trading..

Jenny, sorry to hear about your son. What happen?
I am fine..Thanks

jennylee1382—haven't heard from you for a while, hope you are doing well.

Anyone to help pathew on these counters? Matrix Concepts, MKH, E&O, Ecoworld...

I did the reading earlier..
MATRIX—Stage 2 of the cycle and it is very bullish. It is under consolidation after hitting a recent new high of $4.09. Any further weakness should find support at $3.91/$3.86. Very strong support at $3.76, for short term trader exit if $3.70 is violated. A break above $4.05 will take it to next target of $4.12/$4.20.
After the reading,
It did my TP of $4.20 and set a new high of $4.28 lately. If break the next target is at $4.48/$4.50. The stage 2 counter will keep going up and keep setting new highs. The only way you can trade counter like this is to set a Trailing Stop to protect your capital in case of a Big Pull Back. Price/RSI has started to form bearish divergence since 03/04.

profitMan did MKH on 08/04.
#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.-profitMan for androsjy (08/04)#

tccher, novice8, I am still collecting PRTASCO, any weakness towards $1.90/$1.88 I will collect more, yesterday I collected some at $1.92 like you , make sure both of you have an exit plan if the trade turns against us. The volatility is extremely low so can expect some price fluctuation in the near term. Still the fluctuation can go either way ok?
A break above $1.95 signal BUY I may scale in more shares..

JAYCORP—Sold 20% at $0.85 to lock in 10 % profits. Too bad it still can”t break immediate resistance of $0.86 to my TP of $0.88/$0.90.

BARAKAH—Fail to clear the immediate resistance of $1.67 to try my TP1 of $1.70/$1.72.

ORNA—Failed to clear the Shooting Star of $1.30..More consolidation can be expected.

ENGTEX—As suggested tested the support of $2.06 with a fallen gap at $2.10, expect the gap to be filled.


Happy Trading..

Connie—Wow, it has always been nice to hear from you..Hope you are doing well.

Dad is fine, thanks. Ya,so disappointed as I bought all those tickets for flights in China..I just rearrange to go back九寨沟end of Oct yesterday..maybe need to cancel my Turkey trip first.. 张家界 maybe next year…

Ya, you are right profitMan,SF and htyeap all have been helping the forum investors here..I really appreciate their good works..

winwinborn--Can you help to look TA for Leonfb(5232)?

LEONFB—Very Bullish stage 2 of the cycle.If break above $0.58 it should be testing its next target of $0.61/$0.62. It is under consolidation toward immediate support of $0.54/$0.53 which offer buying opportunities for future play.A break above $0.56 signal BUY and it is expected to test its immediate resistance of $0.58 and beyond.Exit if $0.51 is violated.

kayza—Welcome to this thread and thanks for the kind words.

I have done the INARI-WA in March for ronaldo.

#INARI-WA—stage 2 of the cycle and very Bullish. A break above its previous high of $1.60 will take it into uncharted territory with an estimated target of $1.80.The previous high of $1.60 was formed on 21/02 with an “Engulfing Bear” imply consolidation and it did after that. The Bear is shadowing the upward movement of Inari-WA, failed to clear $1.60 it is most likely to trade inside the rectangle of $1.40 to $1.60 with stronger support at $1.34.-- ronaldo96 (05/03/14)#

After the reading,
It did break $1.80 and move to the high of $2.55. It is under consolidation at the moment,and has found a temporary support at $2.18, do monitor if this support fails to hold the next meaningful support is at $2.03/$2.00. Some technical rebound is expected and any rebound should find immediate resistance at $2.29/$2.33.

10th April I did warn changlk03 on the mother share that

a) Price and volume form bearish divergence since 19/03.
b) Price and RSI form bearish divergence since 26/03.
And it did pull back after my posting.

MUDA—I sold another 20% ( Lock in 20% profits) at $1.99 when it hit my TP2 of $1.96/$2.00. Id break $2.00 next target is at $2.10/$2.12.

Happy Trading..

24/04

BARAKAH-- AV Price=$1.61 (Closing=$1.61, P&L= 0%), Stop Loss=$1.48. Risk= - 8.0 %. Tp1=$1.70/$1.72, TP2=$1.78/$1.80 (Exp Trading Range $1.58 to $1.67 ).
Note: Breakout from $1.60 signal BUY, which carry an immediate target of $1.72 with immediate resistance at $1.67.Any weakness should find support at $1.60/$1.58 and strong support is at $1.53.

ENGTEX—May have found a temporary top at $2.20, more consolidation can be expected towards support of $2.06/$2.05. Strong support is at $2.02.Any rebound will find immediate resistance at $2.15.

HEVEA—It tested my TP1 of $1.45 but failed to penetrate $1.45 to confirm its bullish trend. It forms a Dark Cloud today, which is bearish in nature.. Some downward consolidation may start soon unless the dark Cloud is cleared. A break below $1.38 may take it back to $1.34/$1.32 level. Any rebound should find resistance at $1.43/$1.45.

JAYCORP—As suggested yesterday the sharp price movement happened today, It breaks above $0.825 can scale to the new high of $0.86. It is expected to move toward my target of $0.88/$0.90 and if break should try $0.93/$0.95.Any weakness should find support at $0.825 (Resistance turns support) and strong support at $0.81.I have set my Trailing Stop to $0.795 to protect my capital and some profits or may cleared towards my target of $0.88/$0.90/$0.93 to lock in profits.

Minho—Hit my TP1 of $1.13 today, but failed to reach my TP2 of $1.19/$1.20.Should try my Tp2 in near term.Supports is at $1.06/$1.04.

MUDA—Hit my TP1 of $1.85/$1.88 today, it is heading toward my target of $1.96/$2.00. Any weakness offers buying opportunity.

ORNA—Took out the engulfing bear today at $1.27, if break $1.30 signal BUY to test my TP2 of $1.43.Any weakness should find support at $1.25/$1.22.

PANTECH— Tested my TP1 of $1.04 today, but ended with a gravestone doji on top which has bearish implication

Today I cleared :
a)50% of MINHO at $1.13 to lock in 12% profits
b)30% of MUDA at $1.83 to lock in 10.2% profits

I started to collect some PRTASCO at $1.92 today, consolidation looks over, it is expected to break above the engulfing Bear that formed on 17/04 at $1.95 to re test its previous high of $2.04 and beyond.

I am monitoring 3A..
3A—may have found a new bottom at $0.88 and broke out from $0.925 which carry an estimated target of $0.97.Immediate support is at $0.925/$0.915( need to hold ) and expect some price stabilization in the near term towards the supports..

Happy Trading and Good night..

P/s:
CityTrader—Thanks. Do drop by more often if you come across anything good highlight to us too..

lsy7—You are welcome !

stay_foolish—Thanks for helping out with the TA. Appreciated it.

yoda88—Congratulation on your winning in Minho..

Choolooi—Every time you pop in this thread the thread is lively.Too bad connie hardly come by now..

I am happy that you do make some money in Jaycorp..it is never wrong to lock in profits..

CityTrader—Thanks..You have not been around for a long time. Kind of miss you because I know you are a good trader too. You would be able to help lots of newbies here..
MinMin—Welcome to this thread.

profitMan, Oh ya, enjoy your badminton games..

Happy Trading..

profitMan, if you are free can you help out with some chart reading for the newcomers i mentioned above, Or anyone? SF,htyeap?

Happy Trading..

profitman, wow PADINI went all the way down to $1.94 just now, good that i cleared yesterday and still managed a little profits. If the stock retrace more than 50% you may want to be cautious as undertone could be weaker than thought..

Happy trading..

lsy7-- I did the chart on 02/04 for ronaldo96 and 13/04 for you.

#MPAY---Stage 2 of the cycle and very bullish..It hit the high of $0.32 on 01/04 and start to consolidate today. Any weakness towards support of $0.27 and strong support of $0.25 offer opportunity to collect for future play.As long as it stays above its uptrend line of $0.255 it is expected to retest its immediate target of $0.325 and next target of $0.385. A break below $0.25 spell troubles ( violated its uptrend line) and exit if $0.22 is violated.-- ronaldo96 (02/04)#

#MPAY did consolidate to $0.275 on 04/04 but formed a Hammer the same day imply consolidation is over. It rebounded the next 2 days and hit my target of $0.325 & went to the high of $0.34 on 09/04. A break above this level will try my next target of $0.385. lsy7 (13/04)#
After the reading on 13/04,

Nothing has changed except it did break above $0.34 and hit the high of $0.36, now it is under some consolidation testing its immediate support at $0.34 /$0.33 (Resistance turns support). Isy, it is still bullish at stage 2 of the cycle as mentioned by me on 02/04, on the weekly chart it gave a final target of $0.45 but will it gets there or not and when I do not know.

If you have bought the counter earlier at the cheaper rate, you may want to set a Trailing Stop and try to ride on it as far as you can get.The next meaningful support is at $0.30/$0.275, so you can set your trailing stop below either one of them to protect your profits. If the stock keeps going up you keep adjusting your trailing stop higher just in case there is a big pullback. Then this is the way I trade and just a suggestion you still need to make your own decision.

I think the WA follow the pattern of the mother shares..

novice8 >It is OK to start small, remember to protect your capital when thing turns against us. Accumulate your wealth slowly. Trade well money will follow.It is OK to miss MUDA, you cannot trade every stock.

Chin Aik&Lollipot Anison-Welcome to this thread,will look at the charts later.

profitman—Thanks for highlighting PADINI..
I like it : "too much analysis leads to paralysis".(haha)

Do you like to help out some newcomers here for Chin Aik&Lollipot Anison ? also splendid_ignorance for K1? I will update ORNA tonight as I am still holding 30% shares.

kslee118 > Welcome to this thread. Congratulation on your Minho..

My cycle is a simple 4 stages cycle:

a) Stage 1 –Accumulation stage normally trading inside a rectangle and moving sideways.(I don”t trade here as capital can be tied up too long)
b) Stage 2—The acceleration stage where I will trade and chase the wagon.
c) Stage 3—Distribution stage and price can be volatile. I trade here sometime if I can be at the computer whole day.
d) Stage 4—Downtrend and to be avoided.

Happy Trading..

tiongms—You are always welcome..

tccher—Thanks..Don”t worry there are many stocks to trade and make money in the stock market.

Ya, I am very happy with MUDA performing.Hit my TP1 of $1.85/$1.88, if breaks will try TP 2 of $1.96/$2.00.

Novice8, ORNA try to clear the engulfing of $1.27, if so, it may re test the Shooting Star at $1.30?. Look like you are in for more money..I may scale in if break $1.30..

Happy Trading..

blteo1-Thanks for the kind words.

I never look at FA, sephiroth is real good in FA ..profitMan based on FA and TA whom I admire greatly their abilities to pick many winners..

They are many TA, but I kept mine as simple as possible:
a) Stage of the cycle
b) Price and volume
c) Chart Pattern
d) Support and resistance
e) I hardly use indicator except to check the divergence.Normally I will look at RSI..

This is my way on TA and many that use indicators may not agree with me, I respect their ways as long as they are making money.

For me TA is only a guide, a proper plan is the most important factor to make money in this stock market.

Happy Trading..

SpeedyBoy—OK.. Sure, you can join next time.There are a few more that can”to make it this time, so I will arrange another one at the later date.

Don”t worry about the costs, stock market has been kind to me for the past 2 years, so it is about time I gave some back to the forum investors here.

MUDA—Cleared 30% at $1.83 lock in 10.2% profits

MINHO—Cleared 50% at $1.13 to lock in 12% profits ( 1 day trading)

Happy Trading..

choolooi—yet to receive your email..

novice8—ORNA is still very bullish, I am selling because it is my style of trading. The candlestick warned me when it formed a “Shooting Star” but it can”t tell me how much it will pull back .If you read my post 2 days ago I did suggest the gap support of $1.22/$1.20 which it did come down to $1.22 but did not fill the Gap at $1.20.
You are right about the candle pattern, but it is insignificant.. The Bullish Harami are considered potential bullish reversals after a decline or downtrend, Orna is moving upward. Orna needs to clear 2 hurdles, engulfing bear at $1.27 then Shooting Star at $1.29..
I am still holding 30% of ORNA and did not sell today.. I may scale in if it breaks $1.30 or support of $1.22 holds.

htyeap125, you and choolooi appear together, it is so nice to see both of you here again..

matrix6050—Thanks. Lots of traders do not know what to do when a trade goes against them..

i3raymond—Thanks.

Very Happy with the performances of MUDA and JAYCORP, MINHO (hit my TP1 at $1.13) today..

Happy Trading..

blteo1-Very good question about breakouts.. Let”s uses Jaycorp as an example.
a) Previous high at $0.825, into uncharted territory that means no overhangs to clear.The only sellers are people like us try to lock in profits.
b) The resistance is a single resistance area, normally it rally after the breakout.
c) The breakout must accompany by volume, which it does today.
d) It would be perfect if it can close above $0.825 today.
This is the guide for Jaycorp and it is still re testing the breakout level of $0.825 at this time of writing.
As I always say, anyone can buy any stock at anytime if he has a plan to execute if something went wrong..

choolooi—The dinner is fulled, but anyway send me an email to:
matrixcool02@gmail.com

I am still waiting for Sis Metta to confirm her attendance..

Anyway I will arrange again later to meet viviyap, pathew and others..

Happy Trading..

blteo1—welcome to this thread.

Normally after it break out from that level say $0.825 this level will be tested. Once it is confirmed breakout then it should be moving toward my target of $0.88/$0.90. You would not want to be caught in what we call a Bull Trap like last time when it broke above $0.81 then re treat back $0.73..

Still we would like emphasize again in this thread we never advise traders to Buy or Sell, you need to make that decision..

profitMan, got your mail..C U..Oh you are allowed to talk Liverpool on the dinner night..

MINHO—break above $1.06 should be testing my target of $1.13 soon (next resistance is at $1.10)..Yoda88, are you in MINHO? I understand you bought in earlier at much cheaper cost right?

I am slowly accumulating PRTASCO for future play..The support of $1.86/$1.85 looks good to hold..

Happy Trading..

Jaycorp--As suggested tested $0.825 and into new uncharted territory.

Happy Trading..

tiongms—I did the chart reading for ronaldo96 on 18/03,

RSAWIT—Found new bottom at $0.75, very Bullish after breaking out from the double bottom formation at $0.86 on 11/03 and hit high of $0.88. With that break out it carries an immediate target of $0.97. Shows some weakness when it could not hold above $0.86 (Resistance turns support) and tested the next support of $0.835. It is expected to trade within $0.83 to $0.86, a break above $0.86 will take it back to $0.885/$0.90 and strong resistance at $0.95 (Mid term downtrend line). Exit if $0.79 is violated for short term traders.--18/03

After the reading,
Nothing changes much except it may have found a good support at $0.805 after breaking down below $0.83. It will only turns Bullish again if it can stay break and stay above $0.86…

Profit man—Ya, I know how important it is for you, for Liverpool to win this year, your faithful captain reserve it. Also, all you the die hard fans reserve it too. I wish they don’t “screw’ up this time because next year would be a totally different when we are back (ha-ha)..Remember to email me..

htyeap125—Thanks for the TA on Supermx.

SUPERMX--The only thing to add is still at stage 4 of the cycle and very bearish, the new bottom of $2.41 yet to be tested.

miracle4faith—Nice to be back and thanks..

HEVEA/PANTECH both hit my TP1 today…MUDA cleared its immediate downtrend line, should be moving to my target soon..

Happy Trading..

yoda88,
Karyon—Very bullish stage 2 of the cycle. A break above $0.475 will take it to its next estimated target of $0.54 (Strong resistance is at $0.50, invincible round number resistance) and into uncharted territory.You are right about the immediate support, strong support is at 40.43/$0.42.. Good luck bro Yoda and you are on a winner.

Carrie Loh-- I did the chart reading for TGOFFS on 12/02/14 for greendays,

TGOFF—Very Bearish after breaking down from $0.615 on 24/01 and hit a low of $0.57. It is now trying to climb above $0.615(Support turns Resistance).A break above $0.62 signal Buy and may find next strong resistance at $0.66/$0.67. Exit if $0.57 is violated. - greedays(12/02/14)
After the reading, It breaks above $0.62 and is testing its immediate resistance at $0.635, if break should find strong resistance at $0.66/$0.67.Immediate support adjusts to $0.60/$0.595.

Sunlight—Welcome back, send an email to matrixool02@gmail.com

The dinner is closed, but I will try to arrange another one maybe before end of the year to accommodate those that could not make it this time.

Happy Trading..

P/s happy with the performance of MUDA, need to break above its immediate downtrend line of $1.71 to scale higher..

lsy7—Thanks for the kind words, send me an email to matrixcool02@gmail.com.

Mat, may i know how long is the duration when you say 'short term trade' ?—I think you ask a very spot on question. What I mean in short term is: ask yourself this question, why are we in the stock market? To make money, right? As long as I am happy with the profits I am getting I am out of the stocks and move on..It can be day trade, days but mostly in weeks. Let quote an example,
ORNA—Last month I bought in at $1.10 and when it hit high of $1.29 I am all out taking in my handsome profits.( 2 weeks trading)
I am back in on 17th March and last 2 days started to clear even though my target is $1.43, I sold because it form a “Shooting Star” 2 days ago which normally mean some pull back. I will take my profits first and maybe wait for the pullback is over to be in again.
So my focus is always to take the profits and answer that question we are here to make money . It does not matter if it still haven”t reached our target yet ( Target is only a guide like TA). You don’t sell the money is not in your pocket, but paper gains.

profitman—Of course I know this is an important time for Liverpool.. I actually change the date from 11th May to 10th because Liverpool is playing on the 11th May. I am happy you can make it so let”s meet soon.

MrGala—Thanks for sharing your method of trading. It is the most important factor in stock trading that you know what you are doing, I wish you all the success in HEVEA and HOHUP. Anyway, average up is the right way to trade not the other way around (average down) , I average up using pyramid system and I am sure you have your own system.

yoda88--Karyon, Carrie Loh-- TGOFFS, tiongms --RSAWIT & SUPERMX, i will look at charts later as i am going for my morning jog. Or anyone that can help them out here, profitMan and SF ?

Happy Trading..

P/s: The dinner is closed so those that missed out this time don"t worry i will arrange more in the future..Now waiting for sis Metta to confirm attendance..

23/04

1) JAYCORP—It breakout from its downtrend line at $0.775 signal BUY which I scale in another 20% shares and my average price has increased from $0.765 to $0.77. The volatility is extremely low so some sharp price movement can be expected in the near term. It is expected to test its strong resistance at $0.81 if break will try its previous high of $0.825 and my target of $0.88/$0.90.

2) PANTECH— Form a Separating Line today imply more upward movement so it is expected to test my TP1 of $1.04/$1.07 and if break will try my TP2.

3) ORNA—As suggested yesterday formed a Shooting Star pattern imply a temporary top and price reversal. Today ORNA started its downward movement and form an Engulfing Bear, which is very bearish. I sold another 50% (Total sold 70%) of ORNA at Average of $1.25 locking in 9.6% of profits.
Novicw8, I hope you also did lock in some profits in ORNA.. ..

4) WCT—Took out the Engulfing Bear of $2.27 today,and it is expected to test its immediate resistance of $2.30.If break above it is bullish and expect to test my TP1 of $2.37/$2.40.

5) HEVEA—It is expected to test my TP1 of $1.45/$1.50..

Today i collected:

a) Minho at $1.01 for short term trade-- If break above $1.06 it is expected to test its previous high of $1.13 and estimated target of $1.19/$1.20.

b) BARAKAH at $1.61—Breakout from $1.60 today signal BUY, which carry an immediate target of $1.72 with strong resistance is at $1.67. Formed a Doji Star today and need next candle to confirm its trend.

I sold 80% of PADINI at average cost $2.02 to protect my capital and a small profits of 2.2%.

I am monitoring :

a) PRTASCO because consolidation looks over, it needs to break above the engulfing Bear that formed on 17/04 at $1.95 to re test its previous high of $2.04 and beyond.

b) 3A—may have found a new bottom at $0.88 and today breakout from $0.925 which carry an estimated target of $0.97.

Happy Trading and Good Night..

P/s;

miracle4faith,

TDEX—Very Bullish after breaking out from $0.185 of what we call triple bottom formation on the weekly chart, it carries an estimated target of $0.285/$0.30 in mid term. It is on stage 2 of the cycle and any weakness should find immediate support at $0.22. Very strong support is at $0.20/$0.190 which offer buying opportunity for future play.

Vivi Yap—No problem, there is always another time.

MrGala—Ok..Your signal come in today? Very interesting method hope I can have a look at what you are doing one of these days.

Hafiz_444 & tccher, don”t worry we will arrange more “get together” in the future. I prefer smaller groups so that we can get to know one another.

Happy Trading..

Joyous—You are welcome, we are here to learn from each other. So no need to call anyone here sifu..all are equal in this thread..

MrGala—Dialog is not forming a Bullish Harami..For bullish Harami the first candle must be Black and it should be during downtrend..
Are you in HEVEA, we were talking about HEVEA earlier..

Novice8, WCT is bullish as it is at stage 2 of the cycle..



Happy Trading..

novice8,
WCT ---I think you know by now needs to break and stay above $2.30 to try my targets.The problem with WCT lots of overhangs to clear..

PANTECH is building up momentum..

HEVEA—Happy with its performance, a good timing as I bought in yesterday at $1.34..

Cleared all my PADINI to protect my Capitals.

Collected some MINHO at $1.01..


Happy Trading..

Thanks SF for helping out joyous here..
Please send me an email to with details below:

Wine & Dine Dinner

Host: Matrixcool & Wife
Date: 10/05/2014 (Saturday )
Time: 6.30PM Sharp
Place : TTDI ( Taman Tun Dr Ismail)
Contact:matrixcool02@gmail.com (02-is zero two)

Western Dinner with 3 types of wines to match foods. No chart reading that night(),just to catch up and get to know each other and social talk, profitMan is allowed to talk about his Liverpool..

*Please help to think of a new name for our new thread to start in JUNE 2014.

Those of you that have show interest to join earlier: cbyeoh, SUNLIGHT, profitMan, ViviYap, SF, pathew, yoda88 , Metta do contact me by sending me an email with your particulars like:

a) User name and your name ( or your Christian name)
b) If you do not take for example, beef, prawn or whatever, let me know in your email.
c) Telephone nor is useful but optional
d) After receiving your confirm email I will let you know the restaurant and menu etc..
e) Liverpool not paying on 10/05 so profitMan no excuse K?
f) Vegetarian foods will be arranged for Metta..


pathew, sorry to hear you will be away, dont worry i will try to arrange maybe later to meet up with you and those that cannot make it this time..

profitMan, can you help joyous here? i am trying to change my airtickets that i did not use in China..

Thanks

Happy Trading..

Wine & Dine Dinner

Host: Matrixcool & Wife
Date: 10/05/2014 (Saturday )
Time: 6.30PM Sharp
Place : TTDI ( Taman Tun Dr Ismail)
Contact:matrixcool02@gmail.com (02-is zero two)

Western Dinner with 3 types of wines to match foods. No chart reading that night(),just to catch up and get to know each other and social talk, profitMan is allowed to talk about his Liverpool..

*Please help to think of a new name for our new thread to start in JUNE 2014.

Those of you that have show interest to join earlier: cbyeoh, SUNLIGHT, profitMan, ViviYap, SF, pathew, yoda88 , Metta do contact me by sending me an email with your particulars like:

a) User name and your name ( or your Christian name)
b) If you do not take for example, beef, prawn or whatever, let me know in your email.
c) Telephone nor is useful but optional
d) After receiving your confirm email I will let you know the restaurant and menu etc..
e) Liverpool not paying on 10/05 so profitMan no excuse K?
f) Vegetarian foods will be arranged for Metta..

Hope to see you all..

trader96—Please thanks profitMan as he was the one who analyze the stocks for you..

Happy Trading..

novice8--
The reading was done on 09/03 for you..

# MBSB—Stage 1 of the cycle( accumulation stage), it may have found a new bottom at $2.10 and now trading between $2.10 to $2.26. A break above $2.26 with volume may take it to the next target of $2.42. If you are thinking of bottom fishing remember to set an Exit if $2.10 is violated.#(09/03)
After the reading, It did break out from $2.26 but volume is not convincing enough to clear all those overhang. It is expected to test the next target of $2.42/$2.43 to close the Gap that formed on 06/11/2013. Immediate resistance is at $2.38. Any weakness should find immediate support at $2.26(Resistance turns support).

i3raymond—It is not easy to pick a real winner, my congratulation to you.

susan_qss08—You are most welcome.

Happy Trading..

22/04

HEVEA-- AV Price=$1.34 (Closing=$1.38, P&L= +2.60%), Stop Loss=$1.24. Risk= - 7.80%. Tp1=$1.45/$1.50, TP2=$1.58/$1.60 (Exp Trading Range $1.35 to $1.45 ). Note: Have been monitoring HEVEA since 08/04 and the support of $1.32 is holding well. I reenter HEVEA at $1.34 today. It issued a short term BUY signal when it breaks above its immediate downtrend line of $1.37. It closed with a Separating Line which is bullish and is expects to test its immediate resistance at $1.41 if breaks will test my TP1 of $1.45 (Strong Resistance). A successful penetration of $1.45 confirms its bullish trend and it is expected to test its previous high of $1.50 and beyond into uncharted territory. Any weakness should find support at $1.34/$1.32 which offer buying opportunities.

PANTECH-- AV Price=$0.985 (Closing=$0.985, P&L= 0%), Stop Loss=$0.935 . Risk= - 5 %. Tp1=$1.04/$1.07, TP2=$1.13/$1.16 (Exp Trading Range $0.975 to $1.04 ). Note: Have been collecting since it broke out of its immediate downtrend line of $0.975 on 10/04 with a breakaway gap. It is expected to scale higher to test its immediate resistance at $1.04 if break will try $1.17 in the near term. Any weakness will find support at $0.985/$0.975 (Gap Support) offer opportunities to collect for future play.Very strong support is at $0.945. EXIT if $0.935 is violated.

ORNA—Gap up and formed an “inverted hammer” today, a Shooting Star pattern which normally imply a temporary top and price reversal is bearish in nature. Still, we need the next candle to confirm the reversal. Any weakness should find immediate support at $1.24/$1.23 and strong support at $1.22/$1.20.

Today ENGTEX and ORNA both hit my targets and I sold :
a) 20% of ENGTEX at $2.19 to lock in 11.45% profits.
b) 20% of ORNA@ $1.29 to lock in 13.15% profits..
Will keep selling these 2 counters to realize my profits.

air01557—As mentioned in my earlier post the resistance for ASIAPAC is at $0.31/$0.33

SpeedyBoy—Thanks for your kind wishes.

trader96—Will look at Barakah & Maybulk for you tomorrow, or profitMan can you help tradet96 here? I am too tire due to yesterday travelling back from China, only slept less than 5 hours yesterday.

Happy Trading and Good night..

i3raymond---Thanks, dad is ok, just need to rest!! I see your Gadang really do very well, I am so happy for you. Remember to lock in your profits..

trader96-- Welcome to this thread. As we always say there is no sifu here,i am like you just a trader, call me Mat will do..We are happy to help on TA analysis..But remember TA is NOT 100% too..

TIGER—Stage 4 of the cycle ended when it found a new bottom at $0.125 on 23/12/2013.Now it is at the stage 1 ( Accumulation stage)of the new cycle trading from $0.14 to $0.165. A break above $0.165 should find resistance at $0.185/$0.20. Any weakness should find support at $0.14 and very strong support at $0.125. If you are bottom fishing remember to exit if $0.125 is violated.


Happy Trading..

susan_qss08--

I did the chart reading for ASIAPac earlier in February,
# Asiapac---After hitting a high of $0.23 on 21/01 it consolidated and may have found a new bottom at $0.18. It is expected to re test previous high of $0.23 and a break above (Signal BUY and will carry on stage 2 of the cycle, which is very Bullish) with volume will take it to the uncharted territory of an estimated target of $0.28.Immediate support adjusts to $0.215/$0.20. Exit if $0.18 is violated.Asiapac has been setting new high and counter like this does not have any overhang to clear.”

profitMan did the chart reading for TLTAN on 12/04,
#Asiapac: Looks bullish after breaking its 0.23 resistance. It consolidated towards 0.25 after hitting a high of 0.275 and is poised for another attempt at 0.275, the new resistance level. Immediate support = 0.25. You might want to set your stop loss at 0.22/0.21. Immediate targets are 0.29 and 0.31. #

Today it did breakout with volume from $0.28 and it is at stage 2 of the cycle which is very bullish. It almost hit the target suggested by profitMan at $0.31, with the existing upward momentum should be able to take out $0.31 and to its next estimated target of $0.33. Any weakness offers buying opportunity, should find immediate support at $0.28 (Resistance turn supports). You are on a winner and enjoy your profits.

Hafiz_444—Welcome to this thread, just call me Mat, we are here to learn and help each other & we are happy you visit our thread.

Ya, profitMan has done the analysis twice and he has forewarned about Price/RSI forming bearish divergence on 15/04 and advise those to set a Trailing Stop to protect the profits. I totally agreed with his analysis.

Your comment of : # symphony as seem price cheap to buy # is not agreeable to my trading strategy.I only Buy a stock when Risk/Reward ratio is to my advantages. We also do not use this thread to advise traders to Buy or Sell, you need to make that decision.

Chart wise after today close:
It breaks below its immediate support of $0.27 today and hit a low of $0.235, whether this is the new base yet to be tested.More consolidation is expected and if $0.235 fails to hold the nest strong support is at $0.215. Any rebound should find immediate resistance at $0.255 and strong resistance at $0.27( Support turns resistance). Exit if $0.20 is violated.

splendid_ignorance --You are welcome..

Happy Trading..

sephiroth, nice of you to help out splendid_ignorance on SKRES here, thanks.

Happy Trading..

profitMan—Ya, I know the feeling..I was always teased by Liverpool fan in the 80 and 90, while I was still studying in UK..But don’t worry we will bounce back next year.

splendid_ignorance-
SKRES—Stage 4 of the cycle ended when it hit a low of $0.28 on 23/07/14. Now it is at stage 1 of the cycle(Accumulation stage),trading inside rectangle of $0.295 to $0.395. It is testing its immediate resistance of $0.34 if break the next resistance is at $0.365,very strong resistance is at $0.395. Any weakness should find good support at $0.305/$0.295. Exit if $0.28 is violated.
From the FA side, I really can”t help because I do not look at them so I am not sure whether its next financial quarter is good or bad. Anyone that can help splendid_ignorance here on FA ??

Happy Trading..

splendid_ignorance, welcome to this thread. Whether it will consolidate or not I think it all depends whether it can close above $1.30 or not today. Last Friday and today that it actually gapped up which normally the gap will be filled but not sure when. The gaps looks like the breakaway gaps which is the most bullish among all gaps so I expect ORNA to hit TP2 of $1.40/$1.42 in the near term.
For me, my cost is $1.14 for Orna and the way I trade is always take the profits when the opportunity arises. I will be setting my trailing stop soon for this counter and Engtex to protect my profits..

novice8, Good lucks on Orna..

HEVEA—since I have started to clear Engtex and Orna, I am starting to collect Hevea at the existing prices..Support of $1.32 looks good to hold.

Happy Trading..

ORNA hit my TP1 of $1.29 which I sold 20% of my shares locking in 13.15% profits.

Novice8,thanks. I know you are in ORNA too, do remember to lock in profits when the opportunity arises..

Happy Trading…

tonylim—thanks for the info.. I heard so much about South Island in NZ also I love the wines from NZ, this new world wine not only is value for money I personally think some of the Sauvignon Blanc and Pinot Noir they produce is as good as if not better than most of the old world wine.

novice8—Thanks. He is OK, doctor advice to rest, I think the庐山 mountain”s fog and coldness taking its toll on him.
Now my holiday may needs to do readjust a bit as I was force to cut off my trip to张家界&九寨沟 which I always wanted to go..Maybe Turkey need to be postphoned first..

profitMan—Thanks for the info and also your help to all the forum investors here on TA, do carry on the good works.. Oh ya, congrat to Liverpool winning form..Better Liverpool then Man City (Our noisy neighbor) for me to win the premier league..

ORNA—moving to my TP1 of $1.29..

Happy Trading…

21/04/2014 Weekly Summary
1) BORNEO OIL-- AV Price=$0.672 after Scale In (Closing=$0.66, P&L= -1.8%), Stop Loss=$0.625.
Risk= -7 %. Tp1=$0.70, TP2=$0.745. TP3=$0.83 (Exp Trading Range $0.65 to $0.70 ).
Note: Sideways movement with downward biased, again it tested the support of $0.66/$0.655 last week. A break below this level spell trouble and it will take a longer time frame to recover. Any rebound should find immediate resistance at $0.69. A break above $0.70 signal breakout from its immediate downtrend line.

2)ENGTEX--AV Price=$1.965 (Closing=$2.10, P&L=+6.9%), Stop Loss (3)=$1.97. Risk= 0%. Tp1=$2.08/$2.10, TP2=$2.20/$2.23.(Exp Trading $2.07-$2.20) Note: After hitting my TP 1 of $2.10 it went to the high of $2.15 last Friday but formed a long legged Doji which is bearish in nature & need a confirmation candle. A break below $2.06 next candle confirm consolidation may begin and it is expected to test its immediate support at $2.02/2.00, strong resistance is at$1.97.Any weakness will offers buying opportunity for future play as it is still on uptrend. I have raised my Stop Loss to $1.97 to protect my capital.


3)JAYCORP-- AV Price=$0.765 (Closing=$0.775, P&L= +1.3%), Stop Loss =$0.72, Risk= -5.8 %. Tp1=$0.825, TP2=$0.90.(Exp Trading Range $0.74 to $0.81) Note :It is forming a Flagpole pattern and consolidates inside the pennant which is very Bullish, a break above the $0.78 signal breakout from the pattern to text its immediate target of $0.825 and if break will test TP2 of $$0.88/$0.90.It is still under consolidation but with upward biased, it will turn Bullish if can stay above $0.81.Any further weakness should find support at $0.74/$0.72.

4) MUDA-- AV Price=$1.66 (Closing=$1.69, P&L=+1.8 %), Stop Loss =$1.58, Risk= -4.8 %. Tp1=1.85/$1.88, TP2=$1.96/$2.000 (Exp Trading Range $1.63 to $1.74). Note : After hitting a high of $1.85 on 12/03 MUDA has been consolidating in the past 5 weeks and has found a new bottom in $1.58. It issued a BUY signal when breakout from $1.70 on 10/04 but failed to carry on its upward movement. It is now consolidating along the its downtrend line.Any rebound should find resistance at $1.70 and strong resistance at $1.74/$1.76 . (P/RSI Bearish,-TREND,F@B)

5) ORNA-- AV Price=$1.14 (Closing=$1.23, P&L=+7.90%), Trailing Stop (2) =$1.15. Risk= 0%. Tp1=$1.29, TP2=$1.42.(Exp Trading Range $1.15 to $1.29)
Note: It breakout from its immediate downtrend line on Friday and went to the high of $1.24 before forming a doji with a gap up. I doubt it will become the “Evening Doji Star” as the upward momentum has increased.Still,we will need the next candle to confirm the pattern as this is 3 days reversal pattern. ORNA needs to stay above $1.20(its immediate downtrend Line support) to confirm its breakaway gap last Friday which has Bullish implication to scale higher. Immediate resistance is at $1.25 if break will try my TP1 of $1.29.I have raised my Stop Loss level to $1.15 to protect my capital.

6)PADINI--- AV Price=$1.96 (Closing=$2.07, P&L=+5.60 %), Trailing Stop (2) =$1.99 . Risk= 0 %. Tp1=$2.12, TP2=$2.20/$2.23, TP3=$2.30/$2.32 (Exp Trading Range $1.93 to $2.12)
Note: It broke out of its Symmetrical Triangle at $2.04 on 15/04 with volume, which carry an immediate estimated target of $2.30/$2/32. The Dark Cloud formed on 16/04 at $2.11 is shadowing the upward movement of PADINI. A break above $2.12 will take it to my TP2 of $2.20/$2.23 and beyond.Any weakness should find support at $2.03/$2.00. (Dcloud@$2.11, Volatility extremely Low, TREND FR at Top, AO/AW Long)

7) WCT-- AV Price=$2.263 (Closing=$2.18, P&L=-3.0 %), Stop Loss =$2.10, Risk= -6.8 %. Tp1=$2.37/$2.40, TP2=$2.50/$2.55 (Exp Trading Range $2.15 to $2.25).
Note : Stage 1 of the cycle is over when it broke above $2.20 with volume on 09/04.It hit the strong resistance of $2.30 but failed to clear it and started its consolidation.The pull back is slightly bigger than thought as it broke below $2.20(Breakout turn Support) to its immediate support of $2.18, failure to hold will find next support at $2.15,very strong support is at $2.10..The Engulfing Bear fromed on 17/04 at $2.27 is shadowing any upward movement of this counter.

I am still collecting PANTECH from $0.975 to $0.99.

Happy Trading..

P/s :Thanks profitMan for all the TA, I got back to KL early this morning as my dad need medical attention so i was force to cut short my holiday o bring him home.
Oh, ENGTEX hit my TP2 of $2.20 which i cleared 205% at $2.19 lock in 11.45% profits.

profitMan, Thanks for your kind comment.

China is really big, but after this tour i may cut down trip to China (always want to go TURKEY, Russia, NZ South Island, Spain and Portugal & of course South America)since i basically finish most of the famous mountains in China..The hardest being HuaShan,very steep climb. I like the most are WuThangShan & WangShan, really nice !


i3raymond--Thanks, ya really enjoy LuShan, so beautiful and kind of special as most of mountains does not have much at the top but here plenty of villas and has a small town on top.
Oh ya, congratulation on your GADANG that hit above $1.80, i am so happy for you.Hopefully you started to lock in profits too..


Have a nice weekend everyone !

brendonyeap---Remember to thanks SF for the analysis too.

We are all here to help each other.I personally really appreciated profitMan,SF and others for their works in this thread.
Also after a year of posting I hope the message of setting a plan, be discipline, lock in profits and set trailing stop did get through to some newbies.
I am thinking of changing my thread name as it is not me alone now that is helping other forum investors. Furthermore I am always travelling.
Maybe after the catch up dinner we can share a new thread together.
Thanks everyone I always enjoy seeing new places and relax, it helps in my trading too.
The problem with this tour I need to take many internal flight as I am goin3 different provinces in China, so it is kind of “hectic” in that sense. Tomorrow afternoon i am flying to Shanghai then connect to Chiangjaizei..
Hopefully I do have some time to do my weekly summary.

Happy Trading…