Hi everyone, just check in Grand Metro park Resort in LUSHAN..This hotel has really fast Wifi..So should be able to look at some charts tomorrow..

Many thanks to profitMan and SF..Keep up the good works.Please help out hepitrade on EAH, brendonyeap on Mashing if possible.

Tomorrow morning more sightseeing til late afternoon..

very tire need to rest early..

Jaycorp ( need to break $0.77) $ Orna looks good for more upward movement..

Happy Trading and good night..

mrGala, profitMan,

Like to share my experiences on using indicators. When I first started to trade on TA I am basically using indicators to trade, SMA,Stochastic,RSI,MACD etc. and it works sometimes and it fails sometime. So my results are not consistent and worse still during that time, I have some TA knowledges but without discipline.

For example ,when it drop below 20SMA I did not sell instead put a 30SMA to tell myself it is still ok because it is above 30SMA, then it drops further, what happen, I add 50SMA& so on..I did everything using all indicators to convince myself to hold on..except to accept my mistake (Also, my Ego-How could I be wrong?) I think you all know what happen, my capital is tied up..I am praying for rebound everyday and I missed so many opportunities to buy some other moving stocks..

The 2nd part is even more interesting, I get to know a programmer,who is also a trader. We met and discuss and he loves MACD. So we said let”s program a softwares that incorporate MACD, RSI,stochastic and 20SMA to give a signal. He actually changes the MACD by changing its signal line to give a faster signal. Same results, sometimes it works and sometimes it fails, worse sometime it confused two of us... When the market turns bearish all signals fail, he loses everything, including his so call Holy Grail software & I have not heard from him ever ! I know what happens to me, back to work for 8 years to accumulate capital.

MrGala, your method is interesting the reason it works sometimes and like you say it fails too is because : My opinion only..Not all stocks are the same. A stock that works well with MACD might not work well with SMA etc..So unless you can analyze any stock with its DNA maybe you stand a chance to use indicators to trade that particular stock. Imagine the homework hours you need to spend to identify the indicator that work well for a particular stock.

profitMan, remember to help the forum investors with your TA mix FA when I am away..

Happy Trading…

mrGala, I find your method interesting and not that I ever heard of.Just to understand when you say you use 200ma on an hour or 15 minute charts are you referring to 200ma (days) or 200ma (hour)? I was actually thinking of entering HEVEA because the support of $1.32 holds so far. But my reading it is not ready because it could not break above $1.40. But if I am willing to take losses at $1.32 say buying around now it is a low risk counter. Due to my Risk/Reward ratio to pick a stock the next support of $1.23/$1.18 is too high for me. So if I trade this counter I am ready to be out when $1.32 is violated.Do you share the same views?

yoda88—I mentioned Minho because it may have found the new base at $0.935. So if you are willing to Stop Loss at this level, it may offer a trading opportunity. I am not in yet but chart wise if break $1.00 ( round number psychological level) if should move to its previous high of $1.16 and beyond.

profitMan—Real good TA on Symphny, very happy you are on this thread to help the forum investors here.

Happy Trading…

16/04/2014

Today I cleared :
a) MAYBULK when hit my Trailing Stop of $2.19, sold at Av price of $2.18 lock in 5.3% profits.
b) SCOMIES at $1.13 lock in 10.8 % of profits.

PADINI--AV Price=$1.96(Closing=$2.09, P&L=+6.6 %), Trailing Stop(2) =$1.93 .Risk= -1.5 %. Tp1=$2.12, TP2=$2.20/$2.23.(Exp Trading Range $1.98--$2.20). Note: As suggested, breakout from its symmetrical Triangle pattern and hit my TP1 of $2.12. A break above will take PADINI to uncharted territory to next Target of $2.20/$2.23 and beyond.Any consolidation should find immediate support at $2.00/$1.98. I have raised my Stop Loss level from $1.83 to $1.93 to reduce my risk and increase Risk/Reward ratio.

BORNEO OIL—More rebound can be expected to test $0.69 and strong resistance at $0.705 in the near term.A break above $0.705 signal BUY for it to retest $0.72 and my TP1 of $0.745.

JAYCORP—$0.77 failed to hold today, more consolidation with downward biased is expected in the near term, may test strong support of $0.72(Also my Stop Loss level if violated). Any rebound should find resistance at $0.77 (Support turn resistance).

I am monitoring Minho maybe for a quick trade. Consolidation looks over at $0.935.

MrGala--
MAICA—Stage 2 of the cycle and very bullish. It hits the high of $1.75 on 18/02 and started its consolidation. The consolidation ended when it found a new bottom at $1.30 and formed a “Dragon Fly” doji the same day imply some rebound which it did.It is heading towards its immediate resistance at $1.65 if break will try its previous high of $1.75 and beyond. Any weakness offer buying opportunity and should find immediate support at $1.50/$1.47 with strong support at $1.30. Exit if $1.24 is violated.
Did you use your 200MA on hourly chart to spot this counter?

profitman—Thanks profitMan to help robertoBaggio66 on Symphony..

Carrie Loh—Good luck. But please note TA is NOT 100% ok?

Happy Trading and Good Night..

i3raymond—Thanks. In this thread we are all very sincere to help each other on TA, I am happy you have some good experience in I3. If you buy the same stock as me, I normally gave a detail weekly summary (posted on Sunday) of all the stocks I trade, I will let everyone know the price I am in and I will tell everyone when I am getting out before I actually sell it. I am lucky to have profitMan, htyeap and SF to help on the TA..I want everyone in this thread to make money if possible ..

robertoBaggio66—welcome and thanks for the kind words. On Symphony and Jaycorp, I think profitman is trading on Symphony and I am trading on Jaycorp. I will update Jaycorp later on my summary, if you follow my thread earlier today I raise my concern on Jaycorp when it broke $0.77 and it did head down after that.

profitMan, do you like to help robertoBaggio66 on Symphony?

Happy Trading…

profitMan, I totally agree with what you said. Yap, it is very important to have an exit plan before buying any stock..Those that were caught by Dsonic will become what we call “involuntary investor” and they will tell themselves it is OK to hold for a long term because it is a good company etc.. It happened to me before !! The worse, some try to average down..

Carrie Loh,
GRANDFLO—It was trading at stage 1 of the cycle between $ 0.255 to $0.30 for a while, today it breaks out from its consolidation at $0.30 that carry an estimated target of $0.345. A break above this level confirm stage 2 of the cycle, which is very bullish. If break $0.345 the next target is at $0.38. Any weakness should find support at $0.30/$0.29. Strong support is at $0.27, Exit if $0.255 is violated.

On your question whether to chase it tomorrow or not, you need to make that decision yourself. I can only help what TA is telling me and it is not 100% too. TA can only use as a guide only.. My opinion is the same as profitMan, anyone can buy any stock if they have a trading plan and work out their exit point first before buying.

Happy Trading…

Thanks everyone for your good wishes.. I will only leave for Airport in the afternoon.. morning session I am still around..

Novice8, Do not get too worried about what I wrote, I only reply because you asked about it. It is Ok if you look at the price and volume and study them properly. It is good enough..But generally if a stock advances to a high it will normally consolidates about 50% of what it gains ( not all the time through),if the next round of advance the retreat is getting lesser is generally a good sign and so on..

DSONIC—Wow..hopefully no one in our thread get caught by it. That is a good chart to look at GREED and FEAR..I remember doing the chart analysis for tradermentah on 7th April, Hopefully he did get out at about $4.00.
#DSONIC- The c
ounter has been Bullish at stage 2 of the cycle until on 04/04 that it dropped from $4.69 to $3.30 indicating stage 3 ( Price can be volatile) of the cycle has started.More rebound could be expected from Dsonic if the support of $3.30 holds,immediate resistance is at $3.95 /$4.00 and very strong resistance at $4.20. Due to the large overhang from traders that bought at the price above $4.00 any rebound over $4.00 will invite sellers. If support of $3.30 fails to hold it may re test $3.18 and strong support at $2.75.Personally I would clear if if $3.18 is violated.#

After the reading it did rebound to $4.02 but formed a Shooting Star that day on 09/04…That is why I always said, paper gains can mean nothing if you do not take your profits..

Carrie, will look at Grandflo after dinner..

Happy trading..

novice8 ,
Good question, if you had followed my thread you know I don”t use many indicators except to confirm the Divergence. Price and Volume is the most important for me in chart reading. (Together with candlestick reversal pattern,Chart pattern, Support and Resistance )

If you want to be technical you can actually calculate volatility by formula, I definitely do not use the calculation.

I look at price movement, like ORNA for the past week after hitting a high of $1.25 has little price movement, low volatility. Volume also the same for the past week, 2 convergence signal that is why I say extremely low volatility. I am looking at the volatility to contract from left to right that is 01/04 until now, which is about 10 days.. And it did contract confirmed by both of price and volume. ( I am a short term trader and sometime swing trading too). For the longer time you can look at the chart from 14/02 when it hits high of $1.42 until now. The price swing has contracted lesser and volume also contracted right?

It means the traders are waiting and the sellers are lesser..So the next pivot point of $1.25 if break means it should move up. ( I interpret sellers getting lesser because ORNA is at the stage 2 of a bullish trend).

Jacky—You see the importance of setting a Trailing Stop for MAYBULK at $2.19 so when it hit I am out and lock in some profits and release my capital. If not I will be stuck with it again.

Happy Trading…

htyeap125, profit man, I would like to thank both of you for helping out on TA in this thread...Really appreciated it.

novice8—You are in those counters as well? Pantech/ Orna/ WCT/ Jaycorp?

Pantech I am still collecting at the moment, around $0.98/$0.985..

Orna—Still under sideways consolidation, but volatility is extremely low so can expect some sharp movement of prices soon ( can be up or down). Do have your stop Loss level readied if the price is going down instead..

Jaycorp—Show some weakness today by breaking below $0.77.

WCT—As long as it is above $2.20 I am happy.. Still, as I mentioned it needs to clear $2.30. If you read the chart reading I did on 27/02 for Bliss when it is still on stage 1 of the cycle..

#WCT—Stage 4 of the cycle ended with a new low of $1.99. It is now at stage 1 of the new cycle, expects a trading range of $2.01 to $2.24. Even if $2.24 is broken it may still find very strong resistance at $2.30.The problem with this stock it has lots of overhang to be cleared as many buyers were caught at $2.30 and above.—Bliss( 17/02)#

Now it has started stage 2 of the cycle and has turned bullish..

Happy Trading…

profitman—Thanks and it is always nice to see you helping out other forum investors here. Can I ask you a Big favour because I am flying off to China tomorrow afternoon and only be back on the 27th April. During this period can you help out with the TA? I will on and off try to get to the internet to update too, but don’t think I can read charts for them.

sephiroth—Ya,Thanks of thinking of me about good counter.. I know SYCAL is very bullish I did the chart reading for qqbb on 10/04, this is the reading:

#SYCAL—Very bullish after breaking out from $0.335 with volume 2 days ago which carry immediate target of $0.405 with strong resistance at $0.385. Yesterday it tested the strong resistance of $0.385 but until now failed to clear it and formed a “Shooting Star” imply some pull back. It starts to consolidate today and any weakness should find immediate support at $0.35 and strong support at $0.335. A break below $0.335 shows weakness as the next support is at $0.315 if $0.335 is violated. Qqbb ( 10/04)#

If break $0.405 next target is at $0.43. My congratulation to your winning on SYCAL..

I am trading on my maximum stocks and I am going away tomorrow so I am not buying any counter, I may even clear SCOMIES and take in my profits later..

Happy Trading…

tccher—Thanks.May you have a wonderful day as well..

brendonyeap—
TROPICANA---Stage 4 of the cycle ended with new low of $1.19/$1.20 which was tested many times and holds. It breaks out from $1.44 convincingly with volume 31/03 signal a new stage 2 cycle, which is very bullish. It formed a Flagpole pattern lately, which has bullish implication. A break above $1.60 (breakout from flag pattern) signal BUY will take it to estimate target of $1.80 with strong resistance at $1.70. Immediate support adjusts to $1.56/$1.51.The problem with this stock is it has large overhangs to clear so any upward movement must accompany with large volume to add validity of such movement.

Jacky, I cleared my MAYBULK after it hit my Trailing stop of $2.19, sold at $2.18 and lock in 5.3% profits. Thanks

Happy Trading…

i3raymond, SpeedyBoy, miracle4faithbrendonyeap--,—Thanks for your kind wishes.
i3raymond—
I always update if I am selling any of my posted counters unless I have no access to the internet. I will be away from 16th onwards for my China holidays, and on and off I might not be on the internet, but I always do my best to update. I will still advise you to set a Stop Loss if it goes against us.
Maybe you have not followed this Thread long enough, I would like to share my trading method with you about selling my stocks even though it did not hit my Stop Loss. I will clear my stock under the following situations:
A) The stocks underperform after I bought in. The latest being BARAKAH I went in at $1.52 and anticipating it to break $1.60 to my next TP. It tried a few times, but always retreat after hitting $1.60. So I cleared it Av at $1.57 and take in some profits, but release my capital for buying other stocks.
B) The stock after buying start to consolidate, like Borneo Oil when I first bought in at $0.66 I anticipate to hit at least $0.745 but it didn”t, only managed up to $0.72 and now moving sideways. I may re look at it after my China trip if it is still not trending, maybe I will also clear to release my capital.
brendonyeap—Will look at Tropicana for you later.
PADINI—Hit my first target of $2.12 after breaking out from the symmetrical triangle yesterday..

Happy Trading..

miracle4faith , Happy day as my sister in law has a successful operation!! I actually open a bottle of wine to enjoy at dinner !! We drinker always find reason to pop a bottle of wine..

MAYBULK—Cleared another 20% today at $2.19 (In $2.07) and it finally breaks above its Dark Cloud. It is expected to try my TP2 with strong resistance at $2.30. I have increases my Trailing Stop to $2.19 to protect my profits just in case there is a Big Pull back !!

PADINI—It breaks out of its Symmetrical Triangle at $2.04 today, which I scale in another 20% share at $2.05 which make my Av Price increased to $1.976. The downward momentum has slowed down so more rebound can be expected and if breaks above $2.07 should try my TP1 of $2.12 and beyond.

BORNEO OIL—More rebound can be expected to test $0.69 and strong resistance at $0.70 in the near term.A break above $0.70 signal BUY for it to retest $0.72 and my TP1 of $0.745.
i3raymond , I know you are in the Borneo oil & it is not moving as expected, but so far TA wise it is on sideways movement, the only problem is our capital being ties up. I will let you know when I want to be out. If this makes you feel better I am holding few times more quantity than you and I am not worried yet.

WCT—The Pull back is much bigger than expected. The next support is at $2.15 if $2.18 fails to hold. It needs to stay above $2.20 to move to its potential targets.

miracle4faith—I just did the analysis of MPAY for Isy7 yesterday..Nothing change.

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 day 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)

KTB---Stage 2 of the cycle and it is very bullish. It hits the high of $0.32 on 10/04 and started its consolidation towards immediate support of $0.255 with stronger support at $0.23. Any consolidation offer buying opportunity for future play.Any rebound should find immediate resistance at $0.29 and very strong resistance at $032. (its previous high ). Exit if $0.185 is violated.

Happy Trading and Good Night..

Thanks you Jacky..I am still holding 50% of my shares..I actually sold 20% today at $2.19 because it was there for a long while..I will ride on the profits for the remaining 50%..

Thanks for highlighting the stock to me earlier..

Happy trading..

MrGala-- do you consult hourly charts? And if so, do you apply 200ma on hourly charts? Not sure if it really help much, but you might be surprise sometimes to see the price action near this ma. =D
I do not use hourly chart..Sound really interesting that you apply 200ma on hourly chart..How does that work? I am using Maybank Live stock so when I use hourly chart only today hours are shown. What chart program are you using ?

HEVEA—Look like support of $1.32 hold well. For short term trade may use this as my Exit point..

Happy Trading…

wow pathew, bravo !! My congratulation to your winning on E&O..I remembered last year we use to trade this counter..

Wonder can Maybulk Dark Cloud be clear today?

Happy Trading…

MrGala
OIC..Thanks for the information. I was looking at the low of $1.03 to $1.50 instead. HEVEA bought in lots of profits for me in FEB 2014 when it gives a BUY signal 0n 04/02, forming a double bottom at $1.03 and formed a Hammer that day. A strong ‘Convergence Buy Signal”. I sold mine before hitting $1.40 to lock in my profits. It is at stage 2 of the cycle and very bullish, if $1.32 stays it is most likely to retest $1.50 and beyond.

I don”t normally read too much in indicators be it stochastic or any others. I try to keep my chart reading as simple as possible as indicators can be confusing at times. Still, I know they are many TA use indicators to trade successfully.

i3raymond—Ya, I totally agree with you. Very tight trading range of $0.655 to $0.68. Unless it could break above $0.70 ( its immediate downtrend line) it will be moving sideways... My cost is $0.672 and I am still holding mine as it did not hit my Stop Loss level yet. I may give it some time if not I may clear to release my capital for other stocks.

Happy Trading…

MAYBULK—Still can”t cleared the Dark Cloud of $2.19, jacky, I sold another 20% at $2.19 (Total sold 50% now) to lock in 5.8% profits. If break $2.20 should move to my TP2 of 42.40 with strong resistance at $2.30.

PADINI—Break out of $2.04 should be testing my TP1 of $2.12 once the immediate resistance of $2.07 is taken out. I scale in another 20% at $2.05, now my Av cost is $1.976.

Carrie Loh—You are welcome.

MrGala—Hevea next support is at $1.32, please enlighten me what do you mean by testing 50% level? Thanks. It is a low risk Buy if you want to Stop Loss if $1.32 is violated. If not, the next meaningful support is at $1.23/$1.18.

Happy Trading…

nicholasnwh90—# L&G. It is a fundamentally sound counter but the price has been stagnant for quite some time.#

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.

brendonyeap—Thanks for sharing information on WCT. The reason I bought is it starts stage 2 of the cycle, which is very bullish.

Happy Trading…

brendonyeap—On my weekly summary, the first column Av Price is my buying price. For WCT my Average price is $2.263..This counter need to close above $2.30 to move..

jacky187—Borneo Oil did not move as expected..It is showing some weakness chart wise. I will give it some more time or may clear to release my capital later.

On your question of “do you buy a particular stock a few cents higher if you can't get at desired price or you let it go?” --Good question.

a) I only enter a stock after analyzing the Risk/Reward ratio, every trade I am in I have worked out the 1st Most important Stop Loss level.
b) I only “Scale In” when I am right, yes I do buy at higher price when the stock move to my chart interpretation.For example PADINI if break $2.04 with volume I will add and my AV cost will increase. I only add in my Pyrimad style.

SF—sorry to hear about your personal problem, stay calm and solve it. It will be over before you realize it. We miss your analysis here. Luckily profitMan has been around to help many of us here.

lsy7—Thanks. Hopefully MPAY will bring more profits to you in future.
profitMan—congratulation to your team..i agree with SpeedyBoy the
premier league is for Liverpool to lose now..

Kheng—Welcome to this thread..i see another football fan here..

nicholasnwh90—Welcome and thanks for the kind words..Will look at L&G for you later, need to send my Brother in Law to airport now. Or profitMan, SF would you like to help nicholasnwh90 here?

Happy Trading..

14/04/2014 Weekly Summary

1) BORNEO OIL-- AV Price=$0.672 after Scale In (Closing=$0.665, P&L= -1.0%), Stop Loss=$0.625.
Risk= -7 %. Tp1=$0.70, TP2=$0.745. TP3=$0.83 (Exp Trading Range $0.65 to $0.60 ).
Note: Sideways movement with downward biased, as suggested, it did 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=$2.07, P&L=+5.0%), Stop Loss (2)=$1.86. Risk= -5.4%. Tp1=$2.08/$2.10, TP2=$2.20/$2.23. (Exp Trading Range $2.00 to $2.12). Note: As suggested last week it hit the TP1 of $2.08/$2.10. After hitting high of $2.12 it is under healthy consolidation, After that it is expected to test TP2 of $2.20/$2.23. Any weakness will find immediate support at $2.02/$2.00 and strong support at $1.97. Any weakness offers buying opportunity for future play. I have raised my Stop Loss to $1.86 to reduce my risk to 5.4%.


3) JAYCORP-- AV Price=$0.765 (Closing=$0.78, P&L= +1.9 %), Stop Loss =$0.72, Risk= -5.8 %. Tp1=$0.825, TP2=$0.90.(Exp Trading Range $0.77to $0.825). Note :It is forming a Flagpole pattern and consolidates inside the pennant which is very Bullish, a break above the $0.80 signal breakout from the pattern to text its immediate target of $0.825 and if break will test TP2 of $0.90.downward momentum is increasing so any further correction may find immediate support at $0.77 and very strong support at $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 $1.64 to $1.76) Note : After hitting a high of $1.85 on 12/03 MUDA has been consolidating in the past 3 weeks and has found a new bottom in $1.58. It issued a BUY signal when breakout from $1.70 2 days ago. The upward momentum has increased and it is expected to test its previous high of $1.85 in the near term, if breaks will enter uncharted territory to my TP2 of $1.96/$2.00.

5)ORNA-- AV Price=$1.14 (Closing=$1.17, P&L=+2.63%), Trailing Stop =$1.10. Risk= -3.5%. Tp1=$1.29, TP2=$1.42.(Exp Trading Range $1.14 to $1.25). Note: It is still under consolidation, but the downward momentum has increased so it may retest its immediate support of $1.16/$1.14 and strong support at $1.10.To further advance it needs to break and stay above $1.22 to try my TP1 of $1.29.


6)PADINI--- AV Price=$1.96 (Closing=$2.02, P&L=+ 3%), Trailing Stop =$1.83 . Risk= -6.6%. Tp1=$2.12, TP2=$2.20/$2.23. (Exp Trading Range $1.93-$2,12) Note: Reenter PADINI at $1.96 as it is forming a symmetrical Triangle pattern with potential to breakout soon. A break above $2.04 with volume confirm a breakout (I may scale in more shares) to its immediate resistance at $2.12. A break above will take PADINI to uncharted territory to next Target of $2.20/$2.23 and beyond.Any consolidation should find immediate support at $1.98/$1.96.

7) WCT-- AV Price=$2.263 (Closing=$2.25, P&L=0 %), Stop Loss =$2.11, Risk= -6.8 %. Tp1=$2.37/$2.40, TP2=$2.50/$2.55 (Exp Trading Range $2.20-$2.30) Note : Stage 1 of the cycle is over when it broke above $2.20 with volume on 09/04. It is starting stage 2 of the cycle, which is very bullish, a break above $2.30 (Signal BUY and I may scale in more shares) will take it my TP1 of $2.37/$2.40. It has started its consolidation after failing to clear $2.30, any consolidation should find immediate support at $2.24 and strong support at $2.20 ( resistance turn support). Any weakness offer opportunities to collect for future play. WCT needs to break $2.30 with volumes as it does has a Big overhang to clear.

I started to collect PANTECH at $0.985 after it was highlighted by novice8, will carry on collecting on any weakness for future play.

These are the counters I am selling :

MAYBULK—Failure to clear the Dark Cloud of $2.19 and narrow trading range of $2.11 to $2.19. Will clear to release my capital for other stocks. ( So far cleared 30% at $2.18), Jacky please take notes.

SCOMIES—Set a new high at $1.17, achieved my TP2 of $1.15 last Friday.If break $1.17 should try my TP3 = $1.19/$1.24. Raise my Trailing Stop to $1.09 to protect my profits. ( Sold 70% of shares so far).

I am not monitoring any counter as i am on my Maximum of 7-8 stocks !!

Happy Trading..

Due to football tonight I won’t be able to look at more charts today, so if you need any help I can only look at it for you tomorrow..

brendonyeap—I did the chart reading of KIMLUN for winwinborn on 24/03.

#KIMLUN—Stage 4 of the cycle and very bearish, we traders will avoid at all cost. Still trying to find new bottom and if you are thinking of bottom fishing do set Exit if $1.50 is violated. Any rebound should find immediate resistance at $1.60 and strong resistance at $1.67.-(24/03)#
After the reading,
KIMLUN rebound from the new low of $1.52 signaling the end of stage 4 and started its new stage 1 of the cycle. It is expected to trade from $1.66 ( its immediate downtrend line support) to $1.78. A break above the $1.78 signal breakout from what we call a FAN pattern that will turn KIMLUN to be very bullish with next target of $1.85/$1.90.Any weakness may find immediate support at $1.68/$1.66.Strong support is at $1.60/$1.58.

Nana88... It used to be my Fav counter in 2013 which brought in lots of profits to me.

SUPERMX— Very Bearish and found a new bottom at $2.46 but yet to be tested. It is under consolidation between $2.46 to $2.64. A break above $2.64 will find immediate resistance at $2.72 and strong resistance at $2.80. The problem with this stock now it has a large overhang to clear so any upward movement will invite sellers. If you are thinking of bottom fishing remember to set Exit if $2.45 is violated.

lsy7—Thanks and welcome to this thread. I did the chart reading of MPAY for ronaldo on 02/04.

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 the next target of $0.385. A break below $0.25 spell troubles ( violated its uptrend line) and exit if $0.22 is violated.- (02/04)
After the reading,
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 day 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.
SpeedyBoy—You are welcome and good luck on your Tebrau.

Novice8,
WILLOW— It carry on the stage 2 of the cycle after breaking above $0.795 which is very bullish. It hit a high of $0.845 on 09/04 but formed a Shooting Star that day imply some consolidation is expected. It is under consolidation now towards immediate support of $0.795/$0.785.Strong support is at 40.76. Any weakness offer buying opportunity for future play. A break above $0.845 will take it to the immediate target of $0.90 and beyond. Note: The problem with this stock is after a good run up , it normally follows with a Big Pull Back that may shake lots of traders off.

Happy Trading..

Carrie Loh,,
TMCLIFE—Consolidation looks over after it break out with from $0.39 with volume on 10/04. It tested its immediate resistance at $0.42 but failed to clear it. It formed a “long Legged Doji” which we refer to the stock lost its sense of direction on Friday. Neither Bull/Bear won on Friday, it needs more candles to confirm the new trend. The lowest of the Doji $0.40 should provide an immediate support and $0.42 immediate resistance. As long as $0.40 is not violated it should be moving to its next target of $0.44/$0.46. A break below $0.40 may take it next trading range of $0.39 to $0.42. Exit if $0.365 is violated.

Nana88.. You are most welcome, we are here to help each other. Remember before you enter into any stock do have a trading plan that is with a Stop Loss (Exit) point when our trades go against us. The first Stop Loss is the MOST important and the hardest to execute because many can”t accept they are wrong.They will refuse to sell til the damages become too big to handle. I will look at Supermx for you later.

i3raymond—Chart wise GADANG is at stage 2 of the cycle and very bullish.A break above $1.49 will take it next target of $1.60 and beyond. ( Uncharted territory).Just in case there is a pull back the next support is at $1.37/$1.32.Any consolidation may offer buying opportunity for future play. Normally when I am on a winning trade I either sell into strength or put a Trailing Stop to protect my profits. Then that is the way I trade and many may not agree with my method.

Novice8,
CRSBLD—Stage 2 of the cycle and very Bullish. It is expected to test its previous high of $1.59 if break will enter uncharted territory with an immediate target of $1.69/$1.75. Any weakness should find immediate support at $1.52 and strong support at $1.49.Very strong support is at $1.45. Any weakness may offer opportunity to collect for future play. Exit if $1.40 is violated. Will look at Willow later for you.

SpeedyBoy
TEBRAU---Stage 1 of the new cycle ended when it breaks above $1.29 with increased volume on 10/04 to start stage 2 of the cycle which is very bullish. A break above $1.39 will take it to the next resistance of $1.43 and immediate target of $1.49 .Any pull back will find immediate support at $1.36 and strong support is at $1.32/$1.29 (Resistance is now strong support). If you are in this stock earlier, you may want to set a Trailing Stop to protect your profits just in case there is a Big Pull Back.

Happy Trading..

Nan88,

MASTEEL—It is trading below its immediate downtrend line at $1.12. On 10/04 there is big increased in volume with little price action, some collection is going on? The upward momentum is intact, If break above $1.05 it is expected to test its strong resistance at $1.12. The landscape for MASTEEL will be bullish if it can break out and stay above its downtrend line of $1.12. The next target will be $1.16/$1.19 (its previous high).Any weakness should find support at $1.00/$0.98. Exit if $0.98 is violated.

HUAYANG—I did the chart reading of HUAYANG on 07/02 for novice8:
#Very Bearish,stage 4 of the cycle could be over if support of $1.75/$1.74 holds.Like many stocks it is on technical rebound. If that supports holds, it could start stage 1 cycle, which we refer to Accumulation Stage. The trading range is expected to be $1.74 to $1.88. If you are thinking of bottom fishing do set the exit if $1.74 is violated. Traders like us will avoid counter like Huayang.—(07/02/2014)#
After the reading ( 2 months later),
Huayang is still at stage 1 of the cycle trading at the range of $1.74 to $1.88 which I suggested in February.The problem with Huayang is lots of traders were caught and there is plenty of overhang to be cleared. Even if it breaks $1.88 should find very strong resistance at $1.95/$2.00. For now it is confirmed at stage 1 of the cycle, $0.74 will act as a strong support and exit if $1.69 is violated.

SpeedyBoy & novice8—Thanks for the kind words. I started this thread, hopefully can help some newbies here not to make those mistakes I made before. I do make mistakes and caught in Bull Trap many times,that is why I always say TA is only a guide. A trading plan is the most important strategy in stock trading. I agree with what speedyBoy says, lots of newbies will lose all their money when thing turns bad. Now KLSE is at the highest so it is still the Huh-ah time for us.

Lunch times..See you all later..

Happy Trading..

jennylee1382—Hi Jenny, it has been a while since we last met and ran together.. My knee is ok and hope your family is keeping up well too..Nice to hear from you on this thread.

greenday—You also a wine lover? All the counters I bought I always update on this thread, that mean price I bought and sold etc..You can read my weekly summary tonight of all the stocks I am trading.

ProfitMan—Thanks for helping out forum investors here with your analysis. Ya, a big game for Liverpool tonight..Best of luck !!

bbdd—ya, we do talk about premier league here sometimes, especially on weekend !! Don”t worry, MU will be back once the transition period is over.Sorry to hear about your losses,hope you learnt from the mistakes and trade wisely. # Trade Well, The money will follow#.

miracle4faith –Happy to hear that you managed to lock in profits last week, congratulation.

SpeedyBoy—many thanks for your inputs and thought on this thread to help other forum investors here, appreciate it !!

i3raymond-- #Dear Matrixcool, I know you last sold Gadang @1.48 but I read in the other threads about its likely continued uptrend ( to 1.80?) until AGM on 24/4. You might want to rethink strategy#.

Thanks for your input on GADANG here,appreciate it. Everyone trades differently, I am a short term position trader (sometime also do swing Trading when the opportunity arises) and I do not intend to hold on any stocks for a long time . My strategy has been the same since day1 I started this thread last year:
1) Take my loss early if I am wrong.
2) Protect my capital
3) Lock in profits when the opportunity arises.
4) Have fun and enjoy my trades.
I am not too concerned about others target of $1.80 for GADANG, my thanks to those that bought my GADANG at $1.48 and really hope they can lock in profits at $1.80 later.
After saying all that, you see I may still re enter GADANG when I think the timing is right for the second rounds. ( Like I re enter ENGTEX ( my fifth rounds since last year), ORNA & PADINI lately after locking in my profits earlier). I respect others trading strategy, whether it is a FA, TA, or both. The most important thing is we make money so who is right/wrong or better traders play no part in our trading strategy.I do hope GADANG will bring in more profits for you and achieve your target!

Oops, time to look at some charts for my weekly summary and also for nana, carrie , brendon etc..

Have a nice weekend.

pathew, thanks for sharing your trading stocks..Muhibah and Inari did very well right? I used to trade Muhibah too.

brendon, congratulation on your Tebrau..

profitMan, bravo !! As what they say, you dont sell the money is never in your pocket. So a good week to you too !!

I am very happy with GADANG too..cleared everything from $1.30 to $1.48 !!

Tonight Italian dinner with 2 bottles of good wines..Cheers !!

Have an wonderful weekend !!

pathew, how about trading? what counters are you trading now if you wish to share..

PADINI may breakout from its symmetrical triangle soon..

Happy trading..

deedee, i did the chart reading for novice8 yesterday..

PANTECH—Very bullish after breaking out from the high of $0.945 on 04/04. Today it gap up to break above its immediate downtrend line(0.975)and form a Breakaway gap. It is expected to scale higher to test its immediate resistance at $1.03 if break will try $1.17 in 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. ( Thanks for highlighting I will put it on my watch list)

pathew, what counter are you talking now?

Happy trading..

pathew, You are in Tebrau?

I collected some PANTECH at $0.985 after highlighted by Novice8, like the chart pattern..

Happy trading

Nana88& Carrie Loh—Welcome to this thread..I will do the chart reading for both of you over the weekend….Check it out on Sunday evening.

pathew—Don’t worry about missing to buy Gtronic..many other counters to trade next time..

Happy Trading…

brendonyeap—No wonder I cannot find the WA in my system. If you follow my thread you know I never buy Warrants and I don”t understand what is WA or WC, sephiroth is real good at it.

TNLOGIS-WC—Breakout from $0.725 on 08/04 with volume and has an immediate target of $0.80 which it achieved by reaching a high of $0.795. It started its consolidation and break below its immediate support of $0.75 today so it is expected to test its strong support at $0.725( Resistance turns support) in near term. It needs to stay above $0.75 to re test its immediate resistance of $0.795/$0.80. A break above this level will take it to its previous high of $0.835. exit if $0.67 is violated.

SIS Metta, i sold all my GADANG today when it hit my TP of $1.48 locking in 23.3% profits..That is why we need to set Trailing Stop to ride on profits..I am very happy with the performance of GADANG..Hope it will go higher for you.

I am not in HEVEA yet..I q to buy at $1.32 but not done yet..

SCOMIES--Can it stay above $1.15 to move to my TP of $1.19/$1.24?


Happy Trading

pathew--

OCK—It hit a high of $1.44 on 08/04 on but formed a ‘Gravestone Doji” which imply some pull back. Unless this level is taken out it is expected to consolidate towards the immediate support of $1.33, stronger support is at $1.30/$1.27.

Jacky—HEVEA is on my watch list, I am interested if $1.32 holds.
Actually I q to buy at $1.32 today. Not Done yet..

GADANG—Broke $1.45 and hit my target of $1.48..Should be selling my remaining 20% soon..Sis Metta, you still holding yours ?

SCOMIES—Can it break $1.15 today?

Happy Trading…

greenday—

SBC---Stage 2 of the cycle and very bullish. It hit a new high of $2.35 but formed a “Spinning Top” which imply a temporary top and it consolidated to the low of $2.14. A break above $2.35 will take it to the uncharted territory and estimated next target of $2.56 with strong resistance at $2.50.immediate support is adjusted to $2.20/$2.14 and strong support at $2.05. I think you are on a winner, congratulation !

Jacky—Maybulk immediate support is at $2.11/$2.09..I am still not selling mine because it did not hit my Trailing Stop if $2.09 is violated.

Happy Trading…

brendonyeap --I did not manage to get TNlogis 2 days ago because i was not free that morning as posted by me earlier. I also could not find the chart you want for TNlogis WA in my system.Does TNLogis actually have a WA ?
Anyone here can help brendon here with TNlogis WA? profitMan?

profitMan, thanks for sharing IDEAL..You are good to mix TA & FA..Congratulation on your winning..

greenday, will look at SBC later for you..

Metta, dont wory i will arrange and as i said you are included..Will let everyone know how to contact me later..

ooop..time for my morning jog..

Happy trading..

11/04/2014

WCT-- AV Price=$2.263(Closing=$2.30, P&L=+1.6 %),Stop Loss =$2.11, Risk= -6.8 %. Tp1=$2.37/$2.40, TP2=$2.50/$2.55 .( Exp Trading Range $2.24 to $2.40)
Note : Stage 1 of the cycle is over when it broke above $2.20 with volume yesterday. It is starting stage 2 of the cycle, which is very bullish, a break above $2.30 will take it my TP1 of $2.37/$2.40. Any consolidation should find immediate support at $2.24 and strong support at 42.20 ( resistance turn support). Any weakness offer opportunities to collect for future play.

MUDA-- AV Price=$1.66 (Closing=$1.75, P&L=+5.4 %), Stop Loss =$1.58, Risk= -4.8 %. Tp1=1.85/$1.88, TP2=$1.96/$2.000 Exp Trading Range =$1.70 to $1.85)
Note : After hitting high of $1.85 on 12/03 MUDA has been consolidating in the past 3 weeks and has found a new bottom in $1.58.Today it breakout from $1.70 signal BUY also means consolidation is over and it is expected to scale higher. It is expected to test its previous high of $1.85 in the near term, if breaks will enter uncharted territory to set new highs.

SCOMIES—If break $1.15 next target is at $1.19/$1.24.

GADANG--Next target is at $1.45/$1.48.

BORNEO OIL and ORNA-- More rebound is expected.

Novice 8

PANTECH—Very bullish after breaking out from the high of $0.945 on 04/04. Today it gap up to break above its immediate downtrend line and form a Breakaway gap. It is expected to scale higher to test its immediate resistance at $1.03 if break will try $1.17 in 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. ( Thanks for highlighting I will put it on my watch list)

i3raymond --You are welcome..

changlk03--When you enter a trade the first thing is to set a Stop Loss level..

Happy Trading & Good Night..

changlk03 –INAR
INARI—Stage 2 of the cycle and very bullish. After hitting a high of $2.91 on 03/04 it is under consolidation now. A break above $2.91 will take it to its next estimated target of $3.20. Immediate support is at with stronger support at $2.60. The stock has defied gravity, so far, keep setting new high. Just a word of caution if you want to trade this counter:
a) Price and volume form bearish divergence since 19/03.
b) Price and RSI form bearish divergence since 26/03.
Of course it does not mean it won”to go up anymore, just be careful as the undertone is weaker than thought. If you are in at earlier and riding on profits now do set a Trailing Stop to protect your profits just in case there is a Big pull back.

tccher—Congratulation on your DBhd..Thanks for your kind words, we are here to help each other.
tiongms—You are welcome. Just post any question here if I am not available profitMan will definitely help out. His analysis combines TA & FA which is very helpful to short and long term investor.


Happy Trading…

sleepybryan –Welcome to this thread.. I am a position trader and I am on my own.. Anyway, it is good to share information like you say a win win situation. But is it OK, whatever we share I can post in this thread to share with many of my brother and sisters here? I want them to make money too if possible.

Metta—You are invited but I understand you a vegetarian right?
Gadang –Chart wise by calculation next target is at $1.44/$1.45. But will it get there or beyond I cannot be sure. That is why you must have a Trailing Stop just in case there is BIG pull back. Remember what I always say, don”t trade with GREED and FEAR..I am selling mine today and very happy with the returns from GADANG.

tccher—Thanks, are you in GADANG as well?

changlk03 & novie 8, will look at the charts for you tonight..

Happy trading..

i3raymond--
AFG—Stage 4 of the cycle ended with the new bottom of $4.17 on 21/03/2014. Stage 1 of the cycle is expected to trade between $4.32 to $4.60. For stage 1 trading normally traders will buy near $4.32 and clear near $4.60. A break above $4.60 should very strong resistance at $4.70/$4.75. If you are thinking of bottom fishing remember to Exit if $4.17 is violated.

INSAS—Stage 2 of the cycle and very bullish.After hitting high of $1.36 on 03/04 it formed a “ Spinning Top” imply temporary top and some pull back is expected. So far it has consolidated to the low of $1.25, a break below $1.25 will take it to next support of $1.22 and very strong support is at $1.13. A break above $1.36 will take it into uncharted territory with an estimated target of $1.47/$1.50.
cherry tomato—Well Done on GADANG..Remember to put a Trailing Stop to protect your profits.

Novice8, thanks , April is a much better month for me compare to March..

SCOMIES—Finally Hit my TP2 of $1.15 which I cleared another 20% locking in 12.7% profits (Total sold 70%). Can it reach $1.20 I wonder??


I collected WCT and MUDA today..

Happy Trading…

qqbb,

SYCAL—Very bullish after breaking out from $0.335 with volume 2 days ago which carry immediate target of $0.405 with strong resistance at $0.385. Yesterday it tested the strong resistance of $0.385 but until now failed to clear it and formed a “Shooting Star” imply some pull back. It starts to consolidate today and any weakness should find immediate support at $0.35 and strong support at $0.335. A break below $0.335 shows weakness as the next support is at $0.315 if $0.335 is violated.

PERDANA—Very Bullish now under consolidation trading the tight range of $1.86 to $1.94 with reduced volume. A break above $1.94 will take it to its next resistance of $2.00/$2.01 ( previous high). A break above will take it to the uncharted territory with an estimated target of $2.15 & beyond. Exit if $1.80 is violated.

cherry tomato—Thanks..Ya I sold more GADANG today. Are you in GADANG as well?

novice8—It is OK to start small, only trade what you can afford. I lock in another 20% of GADANG( Sold 80% in total) at $1.41lock in another further 17.5%..It did better than I thought. Very happy with the returns..

Happy Trading…

ProfitMan, OIC.. ha-ha I thought you were in South African the Sun City..tuck2, thanks !! Wow” Ideal “really fly, congratulation to you profitMan.

qqbb, welcome to this thread.

I will look at sycal and perdana for you after lunch as I need to go out soon. Or anyone from this forum that can help qqbb here, profitMan? Since you are not in real Sun City (joke !)..

Ha, GADANG hit my TP2 of $1.35 which I cleared another 20% ( total sold 60% so far) locking in 13.3%, very happy with the returns..novice are you selling too?

ENGTEX also perform well today, setting new height..

Happy Trading

yoda88—Thanks for the kind thought.. Ok, you are included in the dinner after my China trip.

tccher
SMRT—Stage 2 of the cycle and very bullish after breaking out from $0.265 which carry estimated target of $0.335 with strong resistance at $0.30/$0.305. Any weakness should find support at $0.27/$0.265, strong support is at $0.25.Any weakness towards support provide opportunity to collect for future play. Exit if $0.235 is violated.

novice8—Thanks for helping tiongms on MPHBCap

pathew—Later I will put up my email address to those that confirmed to meet over dinner..

brendonyeap—Sorry Brendon my chart could not locate TNLogis WA ?? Anyone can help brendon here?

profitMan—You are on holiday kah? Can”t understand what do you mean ideal sun? You are at the beach holidaying?

Happy Trading

10/04/2014

GADANG— I cleared another 20% of GADANG at $1.30 locking in 8.3% profits ( So far I had cleared 40% of my stock) It broke above $1.30 today and almost hit my TP2 of $1.34/$1.35.It is expected to test my TP2 soon, any consolidation should find support at $1.28/$1.24.
PADINI—Today I begin to collect PADINI at $1.96.. It is forming a symmetrical Triangle formation,I am monitoring the low of $1.93 and will add more shares if this level is not violated.

I am monitoring WCT (starting stage 2 of the cycle when breakout from $2.20 today)& HEVEA (Downward momentum has slowed down and support of $1.32 holding well) for trading opportunities..

I missed buying TNLogis today as wasn”t free in the morning..

Happy trading and Good Night..

Notes: Thanks Jacky..

twobits, it will be a Break out if $1.60 is taken out with volume for BARAKAH..It is on my watch list..

brendonyeap--

YTLpower WB
Found the new bottom of $0.505 on 20/03 which was tested on 02/04 and holds. Today it breakout from its immediate downtrend line of $0.56 which is bullish. More upward movement can be expected in the near term and the next resistance is at $0.60 if break will meet very strong resistance at $0.63. Any weakness should find support at $0.56 ( a break below imply weakness) and strong support is at $0.535. Exit if $0.505 is violated.

cherry tomato--

MMCCorp
It is under consolidation inside the Rectangle trading of $2.75 to $2.87. The counter is trading what we traders call sideways movement, it is boring at the moment unless these 2 scenerio happen:
a) It breaks out from the Rectangle of $2.87 with volume, which will invite traders in as the immediate target will be $3.00 and beyond.
b) It breaks down from the rectangle at $2.75 which carry a downward target of $2.63 9Its previous low).

Happy Trading

GADANG--Break the strong resistance of $1.30, should be heading to my TP2 of $1.34/$1.35..

I may start to collect some PADINI if support of $1.93 holds..

Happy trading..

Pathew,

UNISEM—Stage 1 of the cycle ended when it broke $1.09 to start Stage 2 of the cycle, which is very bullish (weekly Chart). Today it breaks out from its ‘Ascending Triangle” at $1.13 which has bullish implication & tested its immediate resistance of $1.17 but failed to clear it, a break above $1.17 will take it to its next target of $1.25 & beyond. Any weakness should find immediate support at $1.09/$1.06, Very strong support at $0.99. Exit if $0.945 is violated. Note: Be cautious when trade this counter as from the past cycles it has big Pull Back during consolidation.

GTRONIC—Stage 2 of the cycle and very Bullish. It is forming Flagpole with pennant which has bullish implication. A break above $3.64 will take it back to its previous high of $3.75 and the next target of $3.90. Any weakness towards the immediate support of $3.52/$3.50 offer buying opportunity for the future play.Very strong support is at $3.42. You are definitely on a winner on this one..

Pat, are you from KL? Remember last time we try to plan for meeting up, I am thinking of arranging a wine & dine dinner ( Everything on me) in KL maybe after my trip to China. So far cbyeoh, SUNLIGHT,profitMan,ViviYap, SF said they want to join. I am thinking of a small group first so that we can actually get to know each other.Let me know Ok ?

deedee --Thanks for your kind wishes..

profitMan, thanks for helping miracle4faith on Symphny..

Happy Trading

pathew, nice to hear from you again, thanks !

miracle4faith—Thanks for your kind wishes..

novice8, GUNUNG i collected that day at $0.88 and sold when it could not break $0.91 (I collect for very short term trade as mentioned). Show weakness at the moment, i am not having any Gunung now. You need to make your own decision if decided to buy.. I am happy you lock in profits for GADANG…

Happy trading..

Hi thanks again everyone for all your good wishes..Appreciate it.

Brendon, biopsy done and confirmed..That is why need operation to remove the lump.

ellesse,thanks for the kind words..We are here with one thought only. To help out the forum investors in this thread, especially newbies here.

Novice8, I managed to clear another 20% of GADANG at $1.30 (Very strong Resistance) locking in 8.3% profits.

JAYCORP—Testing the resistance of $0.81 as suggested..Can it break and stay above $0.81 this time?

Happy trading..

09/04/2014

Thanks to everyone for all your kind thought, really appreciate all your kindness..Connie, htyeap125 & metta, it has been a long time since I last saw you here in this thread. The operation change to Monday, apparently Saturday is not a good day according to the Chinese calendar.

profitMan, thanks for helping androsjy on MKH..

JAYCORP—Collected another 20% share at $0.77 today and now my Av Price(2)=$0.766.The support of $0.77 seem to be holding well ( If break below $0.77 will spell trouble towards the next support of $0.72). The upward momentum is intact so it is expected to re test its immediate resistance at $0.81 and the previous high of $0.825. A break above $0.825 will takes it to my TP1 of $0.90 and beyond.

GADANG— I cleared 20% of GADANG at $1.27 locking in 5.8% after seeing It can”t break above $1.28.
Novice8, I know you are also in GADANG just to let you know I had cleared some at $1.27 today.It needs to break $1.28 to hit my next target of $1.34...

MAYBULK—Cleared 30% of Maybulkat $2.18 to lock in 5.3% of the profits. It is trying to clear the Dark Cloud at $2.19 if break will test my TP2 of $2.40 with strong resistance at $2.30.May keep selling if $2.19 cannot be taken out soon.

I am monitoring TNLogis & PADINI for trading opportunity..

Happy trading and Good Night..

profitMan, many thanks for helping ellesse here..welcome to this thread ellesse. profitMan not only look at TA he added FA together before he buys any stocks..I respect that a lots.

SpeedyBoy-- on Sendai

SENDAI—Stage 4 of the cycle may be ended with the new bottom of $0.875 formed on 06/03/2014. It is now starting its stage 1 of the new cycle trading in the ranges of $0.96 to $1.10 with strong resistance at $1.13. Unless $1.13 is taken out with volumes (Signal BUY for new stage 2 of the cycle) it is expected to trade in the rectangle.

rooney2u

Sona—I did SONA on 05/03 for ronaldo96

profitMan did the chart reading on 17/02 for SONA and it did hit its target of $0.62 on 24/02/14. Well Done profitMan.After hitting $0.62 it did a Big Pull Back til $0.475 which shows undertone weakness.Yesterday it rebounded from the low with a Big white Candle and volume, imply it may find its new base at $0.475. More rebound could be expected to $0.55 and strong resistance at $0.585. If you are bottom fishing Exit if $0.47 is violated--(05/03/14)
After the reading,
It did confirm the new bottom of $0.475 and hit resistance of $0.55. But due the weak undertone I mentioned on 05/03/2014 the rebound could not reach its strong resistance at $0.585. It is slowly gaining more momentum lately and a confirmed breakout of $0.55 with volume will definitely take it to next resistance of $0.585 and the previous high of $0.62. It is under consolidation at the moment and any further weakness should find support at $0.52/$0.505. A break below $0.50 spell troubles and exit if $0.475 is violated.

androsjy-- Matrix Concepts & MKH
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.

profitMan, can you help out androsjy on MKH..It is under consolidation at the moment..

I have urgent matter to attend as my sister in law confirm 3rd stage of cancer and need to operate this Saturday..Also it affect my tour to China on 16th April as they are suppose to travel with me..

Will try later tonight to update my stocks..

Happy trading & Good Night..

novice8 ,PRTASCO uptrend is intact and it is now under consolidation after the recent high of $2.04..

Happy Trading..