miracle4faith--

SCH—Stage 1 of the cycle (Accumulation stage) Rectangle trading from $0.225 to $2.55 and strong resistance at $0.27 if $0.255 is broken.. If you are thinking of bottom fishing please set the exit if $0.225 is violated.

MrGala--
I used to trade this counter and also did the chart reading for brendon on 20/03.

#HEVEA –Very Bullish after It broke out from the Double Bottom formation, and has an estimated target of $1.40/$1.45.A break above $1.45 confirm it will carry on stage 2 of the cycle which is also to uncharted territory. Any weakness should find support at $1.30 and strong support is at $1.24 and offer opportunity to buy for future play. Exit if $1.18 is violated.-(20/03)#
After the reading,
It did break above $1.45 to a new high of $1.50. Now it is under consolidation after the recent high,today it re tested low $1.32 and rebounded from there ( until now) which is a good sign. If $1.32 holds it is expected to re test immediate resistance at $1.40/$1.42 and a break above $1.42 signal BUY for it re test $1.50 and beyond. Note: if you are thinking of buying during this consolidation you may want to observe $1.32 and exit if it is violated as the next support is at $1.27/$1.24. (Thanks for highlighting I am putting it on my watch list again)

Happy trading..

miracle4faith--
MEGB—A big pullback after hitting a high of $0.64 to a low of $0.41 and this must have shaken out lots of traders. It may have found a new bottom at $0.41 and some technical rebound is expected in the near term to immediate resistances at $0.47 and strong resistance at $0.505. Unlee it can stay above $0.505 the upside potential look limited due to the large overhang to be cleared from $0.505 onwards. Exit if $0.41 is violated for short term traders.

profitMan, thanks for helping tccher..

MAYBULK hit my TP1 of $2.19 but could not take out the dark cloud, I cleared 30% of my shares at $2.18 to lock in 5.3% profits.

Happy Trading…

richcares—Welcome to this thread. Over here we don't”it actually gives tips on which counter to buy instead we share what counters we trade based on TA, sometime FA from others. If you have any counter and want to check on what the TA reading is, do post it here we will do our best to help. But remember TA is only a guide.

profitman—You are right as TA is only a guide, a “trading plan “is what we try to encourage newbies to adopt here when buying into the stock. To take losses early when trade is against us and try to ride on profits as long as possible by setting up a Trailing Stop in case of a big pullback.

tccher--Will look at SWSCap later or profitMan,SF or anyone want to help here?

Happy Trading..

08/04/2014

GADANG—Break above my TP1 of $1.25 and is moving to my next TP of $1.34 with resistance at $1.30.

ENGTEX—Hit my TP1 of $2.08/$2.10 today. As long as it did not violate $2.00 counter is expected to scale higher.

ORNA — uptrend is intact to hit R$1. 25/$1.29/$1.42…Immediate Support is at $1.18.

PADINI—Cleared all my PADINI when hit my Trailing Stop of $1.99, sold at $1.98. Earlier I had cleared 20% at $2.06 making the AV Selling price of $2.00 (Bought at $1.84) given me a return of 8.7% in 2 weeks trading.

REDTONE—Cleared all my Redtone when it hit my Trailing Stop at $0.75. Earlier I had cleared 20% at $0.77 making the AV Selling Price of $0.755 (Bought at $0.66) given me a return of 14.4% in 5 weeks trading.

cherry tomato

SCABLE—Stage 3 of the cycle (Price can be volatile) with rectangle trading between $1.45 to $1.63. It breakout from its immediate downtrend line of $1.53 on 02/04 with volumes imply it may re test its immediate resistance of $1.63/$1.66. Unless $1.66 can be taken out it is expected to trade sideways with upward biased for short term.

ronaldo96—You are welcome, hopefully DESTINI will bring in more $$$ for you.. I will put it on my watch list as the exit point of $0.42 may offer some trading opportunity . Thanks for highlighting to me..

tradermentah—welcome to this thread. I cannot tell you whether to hold or sell on Dsonic.. You need to make that most important decision yourself. You bought at really good prices of @2.90feb14. The counter 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.

miracle4faith—Welcome to this thread. Hope this thread can help you in your future trading..

bracoli, I did the chart reading of KNM for sunlight on 28/02/2014..

# KNM---After hitting a high of $0.85 KNM had a big Pull Back to low of $0.64. This pull back may have shaken out lots of traders and most likely to start stage 3 of the cycle (Distribution stage) unless $0.85 can be taken out. The new low of $0.64 is most likely to be tested again, if fail to hold expect the next support is at $0.60. Any rebound should find immediate resistance at $0.74,and it is expected to trade in the range of $0.64 to $0.74 if $0.64 holds. Exit if $0.60 is violated.—( 28/02/14)#

After the reading, it did tested and break below $0.64 to the new low of $0.615 but managed to stay above $0.60. As suggested it needs to break and stay above $0.85 which it did on 04/04 with volume. It needs to stay above $0.85 to carry on its stage 2 of the cycle which is very bullish. Formed a “Shooting Star” today imply more consolidation could be expected towards immediate support of $0.82/$0.80 and very strong support is at $0.75.

Happy Trading and Good Night..

ronaldo96--

KARYON--If you have bought this counter 2 months ago you must have bought it around 30++ cents right? On 24/03 it open with a Big Gap of 3 cents ($0.42 to $0.45), that was your first opportunity to sell or at least part of it to lock in profits because generally a big gap like this will invite swing or day trader to sell in order to fill the gap.The gap of $0.42 was filled on 26/03 and that support was tested many times and holds.. Now it has formed a Pole and Flag pattern which has bullish implication if it breaks and stay above $0.45, it should re test its previous high of $0.475 and beyond. Don”t get too over worry about 1 day bad candle, it just means it may move sideways and consolidate more. You should have a Trailing Stop instead to protect your profits in case the uptrend run is over. The gap support of $0.42 is a good Trailing Stop if I may suggests. ( Still you need to make your own decision when to sell).

Please look at my trades today, I sold all my PADINI and REDTONE when they hit my trailing stop. When PADINI hit high of $2.07 I cleared 20% at $2.06, if you read my weekly summary last Friday it formed a Shooting star which I know some consolidation is expected. I set my trailing stop at $1.99 and it hit it, I am out and happy with the returns. I will move on with other counters and not regretting why I did not sell all at $2.06.

cherry tomato—No need to apologize or feel bad about DESTINI. You are welcome to post any question in this thread. We will do our best to help but you mustn”t take it as a Buy or sell signal from us. As I always say, TA is only a guide.

I will look at SCABLE after my dinner, or anyone like to help cherry here? profitMan, SF or anyone?

novice8—You also in GADANG?

matrix6050—Do share with us if you have information about any stock, appreciate it.

Happy trading…

cherry tomato, I did the chart reading of Destini for yoda88 on 11/03.

DESTINI—After hitting high of $0.605 on 11/02 which formed a ‘Dark Cloud” the same day implies some pull back which it did. The big pull back from $0.605 to $0.445 must have shaken out lots of traders, especially it broke below $0.50 and $0.465. It finds a new low of $0.445 on 04/03 with an “Engulfing Bull” implies more rebound, which it did. Today it breaks out from its immediate downtrend line ($0.52) with volume so it is expected to test its immediate resistance at $0.57 and its previous high of $0.605. Unless $0.605 is taken out it is most likely to enter stage 3 of the cycle (Distribution stage and prices can be volatile).--yoda88 (11/03)

After the reading,
It did tested $0.57 and heading towards $0.605. A break above this level with volume it is entering uncharted territory with an immediate target of $0.65 and beyond.

profitMan, ya I do need a long telescope if want to see Cyprus..

Happy Trading.

hey thanks again profitMan for helping out..
Today PADINI and REDTONE hit my trailing stop and I am out on both of them..

PADINI—Out at $1.98 ( In $1.84), earlier sold 20% at $2.06..
REDTONE—Out at $0.75 ( In $0.66), earlier 20% at $0.77..
GADANG hit my TP1 lio..

profitMan, it is quite problematic to go to Cyprus from Turkey, apparently it is run part by Turkey..And will need visa to go to the part that not run by Turkey..So I decided not to bother. Maybe just watch Cyprus from Turkey..

Happy trading…

tiongms, will look at Boustead later as i need to go down KL to finalize my Turkey Tour..Or anyone profitMan, SF can help tiongms here?

Sold all my PADINI at $1.98( 7.6% profits) when it hit my trailing stop..

Happy Trading...

07/04/2014 Weekly Summary
1) BORNEO OIL-- AV Price=$0.672 after Scale In (Closing=$0.67, P&L= 0 %), Stop Loss=$0.625.Risk= -7 %. Tp1=$0.70, TP2=$0.745. TP3=$0.83 (Exp Trading Range $0.65 to $0.71 ).
Note: Sideways movement with downward biased, it shows more weakness and the momentum has shifted downward. So it may re test its immediate support of $0.66/$0.655. A break below this level spell trouble and it will take a longer time frame to recover. Any rebound should immediate resistance at $0.69 and strong resistance at $0.715.

2) ENGTEX--AV Price=$1.965 (Closing=$2.03, P&L=+3.3 %), Stop Loss (2)=$1.86. Risk= -5.4%. Tp1=$2.08/$2.10, TP2=$2.20/$2.23. (Exp Trading Range $1.97 to $2.10).
Note: Engtex manages to stay above $2.00 (psychological level of Round Number) which is a good sign.Consolidation looks over at the low of $1.84 and the upward momentum has increased so it is expected to test my Tp1 of $2.08/$2.10 and a break above will take it to my TP2. Any weakness will find immediate support at $1.97 and strong support at $1.90. 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) GADANG-- AV Price=$1.21 (Closing=$1.22, P&L= 0 %), Stop Loss =$1.12, Risk= -7.0 %. Tp1=$1.25, TP2=$1.34. (Exp Trading Range $1.17 to $1.25).
Note : It broke above $1.19 with volume 2 days ago and back to stay on the uptrend Channel line, it remains bullish for mid term. Formed a Doji Star last Friday, some consolidation to be expected towards its immediate support of $1.19/$1.17 ?The upward momentum is still intact, a break above $1.25 will take to try next target of $1.34.(Resistance at $1.30-invincible round number resistance).

4) 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 $0.72 to $0.81).
Note :It is forming a Pole and Flag pattern which is very Bullish, last Friday it did a Bull Trap by breaking above the flag pattern at $0.81 but subsequently break below $0.81. More consolidation can be expected and further pullback may find support at 40.76 with very strong support at $0.72. Any rebound will find immediate resistance at $0.81 and if it can stay above $0.81 Jaycorp is expected to scale higher to $0.90 and beyond.

5) MAYBULK— AV Price=$2.07 (Closing=$2.16, P&L=+4.3%), Stop Loss (2)=$2.08. Risk= 0 %. Tp1=$2.19, TP 2=$2.40.TP3=$2.58 (Exp Trading Range $2.09 to $2.20).
NOTE: The Dark Cloud at $2.19 is still shadowing the upward movement of Maybulk so unless it is taken out it is expected to trade between $2.09 to $2.19. It is still under consolidation after the recent surge, some sideways can be expected for Maybulk.The upward momentum is intact so a break above $2.19 will take it to my TP2 of $2.40.I have raised my stop loss level to $2.08 to protect my capital incase of big pullback or I may clear if it can”t clear the Dark cloud at $2.19 to protect my capital and some profits.

6)ORNA-- AV Price=$1.14 (Closing=$1.19, P&L=+4.4%), Trailing Stop =$1.10. Risk= -3.5%. Tp1=$1.29, TP2=$1.42. (Exp Trading Range $1.16 to $1.27).
Note:I re-collect ORNA at $1.17 and $1.11 giving me Av price of $1.14. It breakout from its immediate downtrend line of $1.17 signal BUY on 02/04 and subsequently hit high of $1.25. It is under sideways consolidation and volatility is extremely low so some price movement can be expected soon. Upward momentum is intact and a break above $1.25 will take it to my Tp1 of $1.29 and TP2 of $1.42.


7)PADINI--- AV Price=$1.84 (Closing=$2.03, P&L=+10.3%), Trailing Stop =$1.99. Risk= 0%. Tp1=$2.12, TP2=$2.20/$2.23.(Exp Trading Range $1.96--$2.07).
Note: Formed a Shooting Star while the price is advancing, it may have found a temporary top at $2.07. A break below $2.02 may bring it down to $1.96/$1.94 level. I have set my trailing stop at $1.99 to protect my capital or I may sell on any rebound if $2.07 could not be taken out soon.A break above $2.07 will take it my TP1 of $2.12 and beyond,

I have started to sell:

a)BARAKAH—All cleared at $1.56 to protect my capital.

b)REDTONE—I have set the Trailing Stop at $0.75 to protect my profits or may clear on further rebound. RSI/price has formed a Bearish Divergence and it closed with an inverted hammer on Top.

c)GUNUNG—Collected some Gunung at $0.88 for a short term trade.If break $0.91 should try my estimated target of $0.96/$0.985.

d)SCOMIES—Cleared 50% of Scomies at $1.08 to lock in 5.8% profits, the remaining 50% is set at the Trailing Stop of $1.05 to protect my capital.

As I am trading at my Maximum numbers of stocks I am not monitoring any stock at the moment.

Happy Trading & Good Night..…

speedyBoy and rooney2u , thanks. Anyway, last night we beat Newcastle 4-0 not Sunderland.

Joyous, since SF/profitMan could be busy..Here is the chart reading for:

PELIKAN—Very Bullisg stage 2 of the cycle, after the long period of consolidation from $0.55 to $0.74. It breakout from its consolidation at $0.74 on 07/03 with increased volume and carry an immediate target of $0.925. It hit the target 2 days ago when reached a high of $0.92 but formed a ‘Spinning Top” which imply some consolidation is near. Any weakness may find immediate support at $0.83/$0.79. A break above $0.925 may take it to its next target of $0.985/$1.00. Exit if $0.745 is violated.

Happy trading…

SF, profitMan or anyone whether can help joyous here on Pelikan?

I am watching football now, still havent finished my own weekly summary..

Thanks

SpeedyBoy—Welcome to this thread and thanks for your kind words. I started this thread also like you were watching the forum quietly for quite a long while, then realizing there are many newbies in this forum looking for tips to buy stocks. I share my trading with only one thought in mind that they won”t make the same mistakes I made before. TA is only a guide, most important is to have a plan when buying in stock and be disciplined when the trade is against us.To make $$$ in the stock market is to lose less and try to ride on profits as long as you could.

sephiroth—You are always welcome and BTW I had come back from Korea Jeju Island trip..Really enjoyed it. Met the real Haenyo, ate a live octopus,sperm worm and also tried their Hanwoo beef.

winwinborn—I am still having Borneo Oil and it will be on my weekly Summary tonight.

rooney2u—A ‘shooting Star”( or Long Upper Shadow does has a bearish implication) normally imply price could be reversed, but you still need a tomorrow candle to confirm it.. Chart wise Malton looks good for further advancement and I am also interested if $0.925 holds.
Do not let 1 candle worry you, I presume you have an exit plan if something really goes against you right? Remember, if you are trading with Fear, or regret you are doing it wrong. If you are a mid term trader you may need to sit through some pullback or sideways movement.

Time for dinner…

Happy trading…

sephiroth -- My big congratulation on your big win on Homeritz, bravo !!
I did the chart reading of MMode for BullRun88 on 19/02/14..

MMODE—It breaks below $0.65 today with a big falling window indicate stage 3 of the cycle is over and starting its stage 4 of the cycle. This is the stage we traders avoid at all costs.Today it hit a low of $0.58 and whether this is the new bottom yet to be proven, the next support is at $0.54. Any rebound should find strong resistance at the “gap resistance’ of $0.63/$0.65.-- ( 19/02/14)

After the reading,
As I pointed out to BullRun88 at that time that it started stage 4 of the cycle and it should be avoided at all cost. It actually broke below $0.58/$0.54 went all the way down to $0.475 ( may have found a new bottom?),before starting its technical rebound now. It is trying to re test its next resistance of $0.58 (Previous support turns resistance). A break above may take it to strong resistance at $0.595 and at the “gap resistance’ of $0.63/$0.65. You bought at a good price of $0.48/$0.51, do exist if $0.475 is violated that means stage 4 of the cycle is not over yet because bottom of $0.475 has yet to be tested.

Happy trading…

profitMan, Thanks for helping winwinborn here.

novice8,

I did the chart reading of TRC for winwinborn on 20/02/14
# TRC—Stage 4 of the cycle ended at the low of $0.505 on 29/08/13 and it is now at stage 1 of the new cycle trading between $0.53 to $0.59. Broke out from $0.59 with BIG volume and hit high of $0.605 on 11/02 which carry immediate target of $0.63/$0.66. The large volume was a Buying Frenzy and not surprising the next 2 days it fizzled out and caught many traders by surprise to dip to $0.565. The Engulfing Bear that formed on 20/02 at $0.60 is shadowing the upward movement of TRC, until this level is taken out it is most likely to consolidate sideways, immediate support adjusts to $0.565. ( 20/02)

After the reading ,
It is still trading below its mid term downtrend line at $0.62 (Strong Resistance), a break above this line may take it to its next target of $0.66/$0.68. It opened with a big gap at $0.585 last Friday which lots of Swing Traders and day traders will start to sell to close the gap of $0.585/$0.56. This Big gap is acting as a strong support now.

rooney2u--. I did the reading for Malton for SPRING on 23/03.

# MALTON— Stage 3 of the cycle (price can be volatile) unless high of $1.01 can be taken out with volume. It broke above its immediate downtrend line of $0.83 on 18/02/2014 with volume imply more upward movement which it did and hit a high of $0.935 the next day. After that it starts to pullback to the low of $0.83 which is the new bottom for Malton. Such a big pull back may have shaken out lots of traders. It is trading sideways between $0.83 to $0.89 at the moment.A break above $0.89 with volume may take it to its immediate target of $0.95 with strong resistance at $0.925. Short term trader exit if $0.77 is violated and mid term trader exit if $0.725 is violated.-(23/03)#

After the reading,
It did break above $0.89 and hit my immediate target of $0.95 (The price you bought) and went to the high of $0.98. As mentioned, it is still at stage 3 of the cycle and price can be volatile,not sure what kind of trader are you, but from what I understand that you regretted, did not sell at $0.98 maybe you are a swing or day trader. Last Friday it closed with a “shooting Star” that means some price correction may be on the way, especially if it break below $0.955 then more selling from short term traders can be expected. Any pullback may find immediate support at $0.925/$0.89, as long as these support holds you can expect it to re test $0.98/$1.01 in future.

MrGala---Welcome to this thread. I am a Position Trader that means I hold stocks longer than swing traders, but when the opportunity arises, I will swing trade too. Swing trade needs more monitoring but I think it is really cool as you are trading short term. Position traders sometime we have to ride through the consolidation period which can be boring at times.

tiongms-

MPHBCAP---Stage 2 of the cycle and very Bullish. It completed its Pole and Flag pattern on 02/04/2014 when it broke above $1.82 signal BUY. With the pattern, it carries an estimated target of $2.10 in mid term. It is expected to test its previous high of $1.94 and a break above will find strong resistance at $2.00 and TP2 of $2.10. Any pullback may find support at $1.86 and strong support at $1.80. Any pullback offer buying opportunity for future play, I am happy you are on a winner.

Happy trading…

tccher >Congratulation on your Redtone and you are riding on it well, remember to set a Trailing Stop to protect your profits if it turned against you. I set mine at $0.75 but may also clear if move higher. My style is always take profits and be happy with it.
Jaycorp—It set a Bull Trap today by opening higher and if close weak today most likely to form a “Dark Cloud” pattern which imply temporary top at $0.825 and consolidation would not be over til this dark cloud is taken out. I onlu use Jaycorp last night as an example to explained to SF how I Scale In stock because I bought in yesterday at $0.765. Will Exit if $0.72 is violated that was my plan. You need to make your own decision if you want to enter Jaycorp Ok?

workworkwork—Congratulation to your Redtone and Asiapac..

I am still holding Borneo oil too.

I collected GUNUNG because the upward momentum has increase and may try $0.90/$0.925. Please do not take it as a buying call from me. You make your own decision K?

Happy trading..

novice8
As long as you have an exit plan it is OK to enter any stock.Whether it is Jaycorp or any stock..

Bracoli
Jaycorp—I used the stock last night as an example to SF how I scale In a stock. Jaycory did break above $0.81 today signal BUY so you are not wrong to buy it when it broke out. But it happen to be a¬¬ “Bull Trap” That is why you are caught. In stock trading all of us sometime get caught in “Bull Trap” but if you have an exit plan just execute according to your plan.
Next time when you are buying on break out you may want to observe the following:
When a stock break out from its strong resistance it will always re test that level, like Jaycorp when break above $0.81 and go to high of $0.825 and it fell back to re test $0.81 and failed to hold above that means “Bull Trap”.
Like CALEY today, it broke $0.565 signal buy and now it is re testing that level..

profitMan, thanks for sharing ! I tried Elliot Waves before, it was so confusing i admire those that can read it accurately..

I will look at PRATASCO too, I collected some GUNUNG at $0.88 today after clearing BARAKAH..

REDTONE hit my TP2 today..

Happy Trading..

novice8
CALEY--It broke above $0.565 today with volume imply it carry on stage 2 of the cycle. If stay above $0.565 ( if not it could be a Bull Trap) it carried an immediate target of $0.59 and estimated TP2 of $0.65.

profitman—Well Done on PADINI.. It is heading towards $2.10 soon but I always take my profit when opportunity arises.

Joyous—Good question but no one really know the answer. Consolidation can be days, weeks and sometime months. The longer it is the more powerful will be the surge in price.

SF—you are always welcome..

Jacky—Congratulation on your Maybulk..It is still under healthy consolidation with reduce volume..

Happy Trading..

profitMan, we are here to share and hopefully some newbies can learn a few thing so they won”t make those mistakes I made before.

PADINI—Sold 20% at $2.06 to lock in 12% profits..
novice 8, you lock in any from Padini?

Happy Trading…

04/04/2014

Month of April started with good notes..

I cleared 50% of BARAKAH at average cost of $1.58 locking in 3.6% of profits..The reason I am off loading BARAKAH is because I am not too comfortable with it after it breaks below $1.50 lately. I will clear the other 50% on further rebounds.

I also sold 20% of REDTONE at $0.77 locking in 16.6% profits. To protect my capital and profits I have increased my Trailing Stop to $0.75 as the upward momentum has slowed down and more consolidation can be anticipated.

Today I bought in JAYCORP at an Av. Cost of $0.765.It needs to break above its previous high of $0.81 into uncharted territory and next estimated target is at $0.90.

SF..Thanks and you are right on how I buy into a stock..When I notice a stock normally the chart has shown it is very bullish or at stage 2 of the cycle. I think you know as well, whatever stock when it move up too much it needs to take a breather before charging again. ( That is why sometime you see me buying back same stocks for example lately like ORNA, PADINI,ENGTEX because I am monitoring them)

Let”s look at JAYCORP which I bought in today at $0.765, it actually issued a BUY signal on 17/03 when it broke above $0.61 with volume signal BUY but I missed it because it was”it on my watch list. Later it went to the high of $0.81 in 4 days, which would be given us a return of 32% in less than a week. (Of course, if you buy at $0.61 and sell at $0.81). After the high of $0.81 it has consolidated to the low of $0.72 for awhile. Today it goes above $0.755 signal BUY (I could not make it at $0.76 but managed to buy at $0.765) and if you are willing to cut losses if $0.72 is violated, you are taking a 4.5 cents risk and rewards of 13.5 cents (If hit my target of $0.90) which the Risk/Reward ratio of 1:3 which is very good to me.

SF—I “Scale In” in pyramid formation ( Say today I bought in Jaycorp 50K shares at $0.765, I will scale in maybe 20K when it break $0.81 and my average actually goes up but volume is always lesser than my first purchased), Scale In mean I actually average UP not down.

When a stock is under consolidation, the volume must reduce and when volume starts to pick up, the price must also move up accordingly.

Whatever we do, once we have an exit plan then it is time to buy into a stocks and let it rides or take losses if it go against us. No one can actually buy at the lowest and sell at the highest at all time. To make money in the market is to lock in profits consistently and take your losses early to minimize your losses.

Happy Trading and Good Night..

jacky, happy to hear that your PERISAI start to move..
Too many stocks to monitor i have not look at PERISAI for a while..

ENGTEX--Just broke its previous high of $2.02 and now into uncharted territory with immediate target at $2.08/$2.10..

Happy Trading..

Joyous—profitMan, thanks for your advices to joyous ? I agreed Sephiroth is the best guy to help here.

TaurusGal82 >Yap..It broke $0.23 with volume, now will be into uncharted territory. If you are trading this counter do set a Trailing Stop to protect your cpital. Congratulation to you on a winner.

chong ls—Welcome to this thread.

Is komark out of hibernation—Ya, you are right it breaks out from consolidation at $0.66 with volume which carry an estimated target of $0.745.A break above will take it to the Gap Resistance at $0.77/$0.76. Any consolidation should find immediate support at $0.68 and strong support at $0.66( Resistance turns support). Any weakness offer buying opportunity.

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.
Thanks for highlighting, I will put this in my watch list.

Happy Trading..

novice8, i know you trade few counters like me..Do have your own exit plan and always remember to lock in profits when opportunities arise. In the stock market the EGO must be out of our equation. When our stocks rise nothing to boast about, just time for us to lock in some profits. As I always say, “ Trade Well, the $$$ will follow”..

ENGTEX—If can stay above $1.97 and PADINI above $2.00 will be really good sign for us..

I collected some JayCorp today Av $0.765 for short term trade, stage 2 of the cycle very bullish Flag Pole pattern if it can break its previous high of $0.81.

Happy Trading…

Jacky, for Maybulk it is under consolidation, the breakout point yesterday was $2.10, so any further pull back should find support at this level. A break below this level spells trouble and I may cleared my to protect my capitals. My trading strategy can be differ from many others as I am a short term position trader. I will never let a winning stock like Maybulk to turn to a losing stock ( so I may also clear during any rebound if it can”t break above $2.20.
Maybulk, my entry price is $2.07 so my Trailing Stop is $2.09 ( Increased from earlier Stop Loss of $1.96) at this point to protect my capital.

GADANG—Breakout from $1.19 today, almost hit its previous high of $1.25 today.

ENGTEX—If clear $1.97 will test its previous high of $2.02 and immediate target of $2.08/$2.10

I cleared 30% of BARAKAH at $1.58 to lock in 3.5% of profits.

Happy Trading..

profitMan, thanks for helping ronaldo96 on PICORP..

Now I am back so have time to do some day/short term trade..Thanks for sharing INSAS: It is like going against gravity . The upward momentum has slowed down so a correction maybe at the corner..

Thanks i3raymond on INARI..Will keep an eye on them.

Novice8, ENGTEX is still under consolidation with downward biased..It needs to break above $1.97 to change the landscape to Bullish. If today the low is less than $1.88 and high is larger than $1.91 then we can expect some rebound to $1.95/$1.97 level shortly.

Happy Trading…

03/04/2014

Month of March even though is not as good as February but I am satisfied with the results.

I close 7 trades in March and make $$$ on 6 of them and lose on 1 counter.

1) ORNA -- 14.5% in 2 weeks Trading
2) MAS -- 14% profits Daytrade
3) REDTNE-- 7.1% profits in 1 month Trading.
4) PADINI-- 6.5% profits (excluding the dividents) in 1 week trading.
5) Engtex---5.6% profits in 2 weeks trading
6) Fitter—4% profits in 2 weeks trading
7) TAS—Loss 4.8%.

So overall I am very happy with March performance..

Novice8, I presume you are also holding these 3 stocks :Gadang, Orna, and Padini like me right?

GADANG—Trading Range $1.13 to $1.19, RSI just reached the highest value today imply it is on bullish trend. The volatility is extreme low that mean a big price fluctuation could be expected soon, a break above $1.19 will take it to its resistance at $1.25 and beyond.

ORNA—Break out from its immediate downtrend line of $1.18 today which is very bullish.Volatility is extremely low so more price fluctuation can be expected soon.The upward momentum has increased so it is expected to test its immediate resistance of $1.29 if break will try its previous high of $1.42 and final target estimated at $1.54.

PADINI—It is still under consolidation but may have found new bottom at $1.83 lately. Immediate resistance is at $1.98/$2.00.

ronaldo96--
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 resistance 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.

Will look at PICORP for you tomorrow, needs to rest now for my early morning Jog tomorrow..

Cher Teckchai—Welcome to this thread. I share my trading stocks here with only one aim in my mind, I hope the newbies do not make the mistakes I made before that cost me lots of money. Stock Market is a zero sum trades, you make because someone is losing ! The best part is we traders agree on a price but disagree on the value. Just think why you buy a stock? Because you think it is going UP ! Who did you buy from? Traders that think it is going down..

Happy Trading and good night..

rooney2u, You must have missed my weekly summary which I put up all my trading stocks.

The stocks i am trading now..

BORNEO OIL--Av Cost is $0.672
ENGTEX--Av Cost is $1.965
GADANG—Av Cost is $1.20
MAYBULK—Av Cost is $2.07
ORNA—Av Cost is $1.14
Scomies—Av Cost is $1.02
PADINI—Av Cost is $1.84

( Maintains 7-8 stocks and will scale in more share on these stocks when opportunities arise).

SELLING REDTONE—Av Cost is $0.66 ( Sold 50% average $0.715) and putting a Trailing stop at $0.725 to protect capitals and profits for the other 50% to ride on the uptrend, it hit my TP2 of $0.765 lately so may sell into strength too.

SELLING BARAKAH--Av Cost is $1.525,will start to clear on further rebound. ( Did not like it when it breaks below $1.50 lately, may sell to protect my capital).

winwinborn--You are always welcome..

Happy Trading..

winwinborn,
BENELAC—Stage 4 of the cycle ended with the new bottom of $0.845, now it is at stage 1 of the cycle ( Accumulation stage)trading from $0.845 to $0.955.The downward momentum has slowed down so in near term it may rebound to $0.955. A break above $0.955 will find very strong resistance at $1.06/$1.10. If you are thinking of bottom fishing remember to set your exit if $0.845 is violated.

morivae—Welcome to this thread.

I did the chart reading of DAYA for Samradha in February 2014,

DAYA—Stage 2 of the cycle very Bullish.Trading in the Uptrend Channel that mean higher High and Higher Low.Expect a trading range of $0.415 to $0.46,so any weakness toward $0.415 offer opportunity to buy for future play. A break above $0.46 with volume imply breakout from Uptrend channel that carry an estimate target of $0.50/$0.52.Daya will spell trouble if break below its uptrend line ($0.415), exit if $0.36 is violated.- (27/02/14)
After the reading DAYA did break below its uptrend line at $0.415 on 28/02 and as suggested into troubles. It broke below $0.36 which has triggered my Stop Loss level and since then it has turned bearish. It is still trying to find its new bottom and recent low of $0.31 is yet to be proven. If you are trading on this counter do set your exit point if $0.31 is violated. Downward momentum has slowed down so some rebound could be on the way, any rebound will find immediate resistance at $0.345/$0.365. Daya will be capped by its Big fallen gap formed on 03/03/14 at $0.385/$0.405.( Very strong Gap Resistance).

I also did the chart reding for KRETAM last month:

# KRETAM—Found the new low at $0.535 which stage 4 of the cycle ended. Now it is at stage 1 of the cycle, it is expected to trade between $0.585 to $0.65. A break below $0.585 spells trouble may retest its previous low of $0.535.A break above $0.65 may find strong resistance at $0.685. The trouble with this stock is it has lots of overhang to clear. If you are bottom fishing, make sure you exit if $0.535 is violated.# ( March 2014)
The scenario remains the same..

profitMan, thanks for helping deedee there, can you help out ronaldo96 here on PICORP and MPAY? I need to analyze my own stocks here..

jacky, ya, hopefully we are right that Maybulk will break into uncharted territory..

Happy Trading…

jacky187, ya i am still holding on MAYBULK, many thanks to you for highlighting the stock to me. It has basically hit my target of $2.19 today, but i want to know whether it could break into new uncharted territory or not the next few days.I may start my trailing stop to protect my capital and profits soon.

winwinborn , will look at BENALEC for you after my dinner appointment, or anyone to help winwinborn here?

Happy Trading..

androsjy, for GOB as mentioned it needs to break above $0.845 (the mid term descending line) to be bullish.

Happy Trading..

Tiongms,
POS—Stage 4 of the cycle ended with low $4.32 on 21/02/04. It is at stage 1 ( Accumulation stage)of a new cycle trading between $4.50 to $4.90. A break above $4.90 may find very strong resistance at $5.07. If you are thinking of bottom fishing please set an exit if $4.32 is violated.

Androsjy;
GOB—Stage 3 of the cycle and price can be volatile. Weekly chart is forming a Descending Triangle which has bearish implication unless it could break above $0.845. A break below $0.72 spell troubles and you may want to exit if $0.695 is violated. Expect trading ranges of $0.77 to $0.84.

Happy Trading…

tiongms --Will look at your POS later, lots of unpacking as i reached home mid-night last night.

androsjy--You are welcome !!Will look at GOb later !

Or profitMan, SF or anyone like to help out tiongms and androsjy here?

novice 8, Padini not out of the wood yet. Orna has turned short term bullish especially it break $1.18 this morning..Gadang must break $1.19 if not still trapped inside $1.13 to $1.19..

jacky187 --Maybulk just broke out from its immediate downtrend line, if can stay above $2.10 should re test $2.19 soon..

Happy Trading..

tccher-
KPS—stage 1 of the new cycle ( Accumulation stage) if the new bottom of $1.57 stays ( The same bottom was formed on 22/01/2014). It is expect to trade from $1.57 to $1.68. If break $1.68 should find very strong resistance at $1.78.If you are thinking of bottom fishing please set your exit if $1.57 is violated.(That means it will continue its stage 4 of the cycle to find new bottom and to be avoided at all cost).

androsjy
DUTAland—Breakout from its immediate downtrend line of $0.48 on 14/02/2014 with increased volume signal BUY. The next day it broke its strong resistance at $0.495 which carry an estimated target of $0.545 ( Also its mid term downtrend line) but only managed to hit high of $0.525. It formed a “Dark Cloud” the next day implying consolidation and it did, the dark cloud is shallowing the uptrend movement of DutaLand at the near term. It is expecte to trade between of $0.465 to $0.525 unless the Dark Cloud is taken out.

1Bull--- I am happy you are riding on Redtone as well.

susan68—Still the same except the exit if $1.32 is violated.
ALAM—Stage 3 of the cycle and price can be volatile, it is trading in the range of $1.34 to $1.62. More rebound could be expected in near term if break above $1.47 with volume signal BUY to $1.53 and target of $1.62. A break below $1.34 spell troubles and it may head back to $1.30/$1.20 level. So if you are trading in the rectangle and buy near support do exit if $1.32 is violated.

Happy Trading..

HamKaLingPetPetHai—Welcome to this thread. I think Dsonic or dsonic-ca ,insas inari all have been analyse by profitMan and SF already, please refer to the their earlier post in this thread.

profitMan, I am sure you will enjoy the Hanwoo beef, it is really nice.Please help out bracoli on Fitters and WTK, SF, feel free to contribute your input in these 2 counters too.

Happy Trading and needs to go now..Will reach KL late tonight.

hepitrade--I am still holding my PADINI that bought at $1.84..It is still under consolidation but downward momentum has slowed down, so more rebound can be expected in near future.Unless it could break $2.04 it is expected to trader sideways from $1.83 to $2.04..

Happy Trading and good night..Need to rest now.

profitMan—Many thanks for helping the forum investors here with the chart reading, all of us really appreciate it!!

Today I tried the Korean Hanwoo beef, which is equivalent to Kobe..The appearance, maybe differ from Kobe which is more” marble like” but taste wise it is as good..

Spring and novice8, thanks for the kind words.

SCGM—novice8, Your analysis of SCGM is correct, need to clear $1.19 to proceed with its stage 2 of the cycle. You can look at your Stop Loss level of $1.05 which is its immediate support, setting your Stop Loss at that level may easily shaken you out during consolidation.

jacky187—I will be back tomorrow night and will be able to look at all charts on 2nd April..

Broccoli—Welcome, in this thread, we buy or sell based on chart reading, whether ada Goreng or not your guess is as good as ours..

Few of the my counters start to show weakness, I may clear them to protect my capital.
BARAKAH—It breaks below $1.50 which shows lots of weakness, may clear on any rebound to protect my capital.

MAYBULK---Any more rebound could find resistance at $2.07/$2.11. The counter has been moving sideways too long for my comfort, May clear to protect my capital.

GADANG---Will take my losses if $1.13 is violated.

SCOMIES— Breached $1.02 today and shows more weakness. May clear to protect my capitals,

Happy Trading and Good Night..

profitMan, SF or anyone here can you help out SPRING and joyous here..
I just got in and check in hotel in Seoul, appreciate it.
If not i will do my best tomorrow to do the analysis for you all..
yoda88, thanks for sharing SCGM and will look into it maybe tomorrow.

Happy Trading and good night..

profitMan n SF..thanks for helping out here..
Your TA are as good if not better..
Just got back to the hotel..
Do monitor Barakah as it showed weakness by closing below $1.50.
joyous, welcome to this thread..if you need any help just
Post it here..we will do our best.
Twobits..thanks for sharing on Inari..

Happy Trading n Good Night.

Sure SF.You are invited..now using aport wifi..
Thanks for helping out on Dsonic n Inari..

Happy Trading..

28th March 2014

Hi, just got back to the hotel after the NANTA show ( a very enjoyable show from Korea)..Tomorrow early morning flight to BUSAN..Really no time to look at any charts..

Jack Ong—Welcome to this thread, can anyone help out Jack on Dsonic and Inari? Chartwise both are very bullish. The next estimate target for Dsonic is $4.34. INARI should be $3.00. But both show some consolidation could be on the way..I hope prrofitMan, SF or anyone can help Jack here..

htyeap125 –Thanks for the link.

profitMan—I am really happy with your TA analysis to help bullrun88 & deedee here ( I also like to welcome deedee to this thread)..I really appreciated it. When I arranges the dinner in KL maybe after my China holiday next month, really hope you can join us.

BARAKAH—I am a bit concern as it broke below $1.50 today..it needs to stay above $1.50..

REDTONE—As suggested, it broke above $0.735 today and should try the next target of $0.765 and $0.80.( I may clear some tomorrow to lock in profits)..

Happy Trading and Good Night..

Just got in JEJU ISLAND & Very tire because of red eye flight last night and tour Seoul today..Then took another flight flight from Seoul to Jeju Island in the late afternoon.. Luckily has an wonderful shashimi dinner at one of the very famous restaurant and now back to the hotel..

Can anyone help bullrun88 on VIS ? profitMan, SF or anyone ?

ProfitMan, many thanks to your explaination to SF on why we enter PADINI.. Especially what you say about :
“ It has retraced 61.8% from the breakout price on 27/2 on relatively low volume compared to its average volume traded. Most likely due to contra players and panic sell by punters. Strong Support price at 1.81.” Your observation is top class.
I would like to add the following note why I re enter PADINI for sharing purpose:
It hit high of $2.12 on 20/03 and form an almost “Spinning Top” pattern imply consolidation which it did on 21/03 with low volume, on 22/03 it consolidate further still with a low volume which is very healthy. The 3rd day it carry on its consolidation but the drop is significant lower but with increased volume which means the buyers are in and the consolidation could be over soon. That is the reason I started to collect from $1.84.

twobits—Thanks for sharing your input on PADINI, as I mentioned last night the price should stabilize in near term before charging again. A break above $1.90 may take it to next resistance of $2.00.

novice8,
ENGTEX—consolidation could be over soon.

REDTONE hit my TP 1 of $0.735 ( $0.73 which is close enough), if break will try $0.765 & $0.80.

SCOMIES—expects more rebound if $1.02 holds.It is expected to break above $ 1.07 soon.

Happy Trading and good night…Really need to rest now..

jacky 187. thanks..just found out from our tour leader we are flying Korean air instead of MAS..

profitMan, sure will try to lock in whenever is possible after back to the hotel, but can"t read charts to details..You will take care of ENGTEX and PADINI Ok? PADINI not out of the wood yet..

cbyeoh --Thanks, can"t wait to run the mysterious road in Jeju Island..

Take care guys and happy trading..Need to start packing and finish some other works before flying off..

jacky187—Thanks and welcome back.. My flight is tonight midnight.. Red Eye flight..I just read last night flight to Seoul was diverted to Hong Kong due to generator failure..Wow. What is happening to MAS flight after the MH370, 2 days ago to Nepal it strikes flock of ducks..

midtermtrader—Thanks for sharing FITTERS, hope you riding on it..
ProfitMan—Happy to hear to you also collected ENGTEX, now we are in the same boat…

Today I collected more ORNA at $1.11 and PADINI at $1.84..Will collect more at Gap support of $1.80/$1.79..

Happy Trading…

25th March 2014

# Most investors cannot resist the urge to buy stock at the wrong time, usually when price is declining. The right point to buy the stock is ALWAYS your rewards outweighs Risk.#

ENGTEX—A break above $1.95 signal BUY..downward momentum has slowed down, more rebound can be expected soon.

GADANG—Formed a Separating Line today, the downward momentum has slowed down, so it is expected to breakout from $1.19. A break above will take it to my Tp1 of $1.26.

REDTONE—Cleared another 20% ( Total cleared so far is 50%) to lock in Av of 8.4% profits. Now I have increased my trailing Stop to $0.695 to protect my capitals and some profits, a break above $0.72 will take it to my target of $0.735/$0.765.

I am slowly collecting PADANI near the breakout level of $1.86 during this pull back ( very high volatility so can expect some price stabilization soon), also monitoring ORNA if $1.11 holds may add more shares..

P/S:

SF—Congratulation on your day trade of INSAS too..

ProfitMan—I will always lock in profits and will never let a winning trade become of a losing trade because of the greed.That is why I increased my trailing stop od Redtone to $0.695 to protect my profits if it can”t break above $0.72.

SPRING—Thanks..if you need help on any TA reading, post it here. If I can”t do it while on holiday I think SF and profitMan will be willing to help..

Happy Trading and Good Night…

Wow Bravo, profitMan..Well Done!! What a way to trade and my congratulation to you on INSAS!!

I cleared another 20% of REDTONE at $0.71 to lock in rpofits, its failure to clear $0.72 is so frustrating..

I may start to collect PADINI during this pull back towards its breakout point..

Happy Trading..

sephiroth, thanks for sharing..you are right INSAS is very bullish and into uncharted territory..Congratulation to your winning on INSAS..I sold mine earlier i think at about $0.90..

i3raymond --Thanks

SPRING ,winwinborn & ronaldo96--you are welcome...

Happy Trading..

winwinborn

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.

Happy Trading…

My sincere thanks to SF and profitMan for helping out on TA reading of many charts. Please help out when I am away to Korea for a short holiday on 25th May to 2nd April..

brendonyeap
For NYLEX, just want to add the following notes:
It is at stage 2 of the cycle and is very bullish, as suggested by SF broke out from the pennant 19/03 with volume and hit its immediate target of $0.66/$0.67 the same day. The next target is estimated to be $0.715. Any consolidation towards immediate support of $0.615/$0.60 offer buying opportunity for further play. Thanks, I will add this on my watch list.

LONDONBC—As suggested by both SF and profitMan, need to break $0.79 to scale higher. SF—you mean support at $0.745 and $0.715 instead of Resistance right?Strong support should be $0.70 the breakout point.Also rightly pointed out by profirMan, be cautious of RSI/Price forming divergence.

Novice8,
ILB - such a huge gap to fill (I believe the company sold the main operation?). It is trading in rectangle trend between 0.70 to 0.80. A break above 0.80 with volume may take to test the immediate target of 0.835. 0.92 is the TP 2. –by SF.
SF—you need to change your chart as your chart has not been adjusted for that GAP.
ILB—Stage 3 of the cycle ( price can be volatile) unless high of $0.92 can be taken out with volume.There were a buying frenzy on 28/02 when it high of $0.92 and as expected it start to consolidate to a low of $0.705.It is trading sideways and as profitMan & SF suggested, need to clear immediate resistance of 0.775 to test the next resistance level of 0.835.

i3raymond
AFG- Stage 4 of the cycle ( Mark Down Cycle). It is a very bearish( declinling ) flag in a down trend from September 2013(evening star) unil now so unless it can break above this line it is expected to trade sideways. It will further test immediate support at 4.10 and strong support at 4.03—by SF.
Add Notes: AFG keep going down as analyse by SF it is at stage 4 of the cycle, need to find a new bottom before it begin stage 1 of the new cycle.Any rebound should find resistance at $4.30/$4.40. If you re thinking of bottom fishing remembers to exit if $4.17 is violated.

Happy Trading..

Weekly Summary--24st March 2014
1) BARAKAH--- AV Price=$1.525 (Closing=$1.55, P&L=+2 %), Stop Loss=$1.43. Risk= -6.3 %. Tp1=$1.60, TP2=$1.66/$1.70. (Exp Trading Range $1.50 to $1.60).
NOTES: It may have found a new bottom at $1.50 and has been consolidating between $1.50 to $1.60 for the past 3 weeks.The upward momentum has increased and it is expected to test my TP1 of $1.60 soon.
A break above $1.60 (Signal BUY I may scale in more shares) to the next TP of $1.66/$1.70.First sign of real weakness if $1.50 is violated and Exit if $1.43 is violated. Price and RSi keep forming Bullish Divergence imply some accumulation is on and the undertone is stronger than thought.

2) BORNEO OIL-- AV Price=$0.672 after Scale In (Closing=$0.675, P&L= 0 %), Stop Loss=$0.625.
Risk= -7 %. Tp1=$0.70, TP2=$0.745. TP3=$0.83 (Exp Trading Range $0.655 to $0.705 ).
Note: As suggested, the downward momentum has increased and it tested the support of $0.67 . 3 black candles for the past 3 days more consolidation can be expected, the next support is at $0.655 if $0.67 is violated. Any rebound will fine immediate resistance at $0.695.

3) ENGTEX--AV Price=$1.965 (Closing=$1.86, P&L=-5.4 %), Stop Loss=$1.82. Risk= -7.4 %. Tp1=$2.10, TP2=$2.20/$2.23. (Exp Trading Range $1.82 to $1.92).
Note: As suggested in my last week summary that Engtex has turned bearish in the near term, Price & RSI start to form Divergence so more consolidation could be expected. Any weakness may find immediate support at $1.86 and strong support at 1.82/ $1.78 which it did and tested support of $1.86.The downward momentum has slowed down so some rebound could be expected soon. A break above $1.92 signal BUY and ENGTEX maybe out of bearish mood.Any more weakness should find support at $1.82/$1.82.


4) GADANG-- AV Price (2)=$1.20 (Closing=$1.15, P&L=-4.2%), Stop Loss =$1.12, Risk= -6.6 %.
Tp1=$1.26, TP2=$1.34. (Exp Trading Range $1.13 to $1.19).
Note : Forming Rectangle trading between $1.13 to $1.19.It is expected to break above $1.16 to test its immediate resistance at $1.19. A break above $1.20 will take it to my TP1 of $1.26 and if breaks with volumes will try next target of $1.34.(Resistance at $1.30-invincible round number resistance).

5) MAYBULK--- AV Price=$2.07 (Closing=$2.01, P&L=-2.90 %), Stop Loss=$1.96. Risk= -5.43%. Tp1=$2.20, TP2=$2.40. (Exp Trading Range $1.96 to $2.07).
NOTES: The Dark Cloud at $2.19 is shadowing the upward movement of Maybulk, it will show more weakness if the immediate support of $2.00 is violated. The downward momentum has slowed down so some rebound to $2.07/$2.09 could be expected soon. I may start to clear on any rebound to protect my capitals.

6) REDTONE--- A AV Price=$0.655 (Closing=$0.71, P&L=+8.40 %), Stop Loss(2)=$0.64.Risk= -2.3 %. Tp1=$0.695, TP2=$0.735/$0.765.(Exp Trading Range $0.68 to $0.735).
NOTES: As suggested Redtone closed the fallen gap of $0.695( my TP 1) and moved to the high of $0.72( Strong resistance as this is the midterm downtrend line). A break above this level will improve the landscape of Redtone for further upward movement to my next target of $0.735/$0.765

7) SCOMIES--- AV Price=$1.02 (Closing=$1.06, P&L=+3.9 %), Stop Loss=$0.965. Risk= -5.4 %. Tp1=$1.08, TP2=$1.15/$1.20. (Exp Trading Range $1.02 to $1.11).
NOTES: Bought in SCOMIES at $1.02, may have found a new bottom at $0.965.A break above $1.08 signal BUY ( breakout from its immediate downtrend line) confirms the uptrend is on and will test my immediate target of $1.15. If break will test my next target of $1.20.

As I will be taking a short holiday to JEJU Island, Korea on 25th /03/2014 so I am not monitoring any stock at the moment.
I had cleared 30% of my Redtone to lock in 7.8% profits, if it can”t clear $0.72 soon I may cleared all to protect my profits.
I did a quick trade on GUNUNG last Friday in $0.865 and out at $0.88, nothing much there.

ORNA—I collected some at $1.17 (thinking support of $1.14 can hold, but I was wrong ) and will clear if $1.04 is violated. The downward momentum has slowed down and I may buy more ORNA if support of $1.11 stays. It has turned Bearish and may test support of $1.11/$1.06. It needs to break above $1.22 (its immediate downtrend line) to scale higher.

Happy Trading…

profitMan, Stay Foolish, or anyone else can help to give analysis for AFG & ILB, Nylex and London Biscuits.

Thanks

Happy Trading

winwinborn & novice8-- pls input your comment on A&M.

A&M—Stage 3 of the cycle (price can be volatile) unless high of $1.26 can be taken out with volume. A&M is still trading under its immediate descending line so unless it can break above this line it is expected to trade sideways. Any rebound (It confirms a price reversal on 18/03 when it formed a Doji Star while consolidating downward) should find resistance at $1.15 and strong resistance at $1.18 ( its immediate descending line). Any weakness should find immediate support at $1.07 and strong support at $1.01. A break above $1.18 with volume will change the landscape of A&M for midterm to next target of $1.26 (Previous high) and uncharted territory. For short term trader exit if $0.98 is violated and mid term trader exits if $0.86 is violated.
ronaldo96--help analaysis tafi.stuck in 38.5

TAFI—A counter which we trader will try to avoid because of low volume and price can be volatile. It broke out from its consolidation on 13/03/2014 at $0.36 which signal BUY but volume wasn”t convincing, so as expected it came down below its breakout point of $0.36. It is important for TADI to stay above $0.36 which on weekly chart will confirm it “Cup & Handle” pattern which carry its mid term target of $0.50. TAFI is still on the uptrend line unless support of $0.30 is violated (exit for short term traders) and for mid term traders do exit if $0.27 is vilolated.

tiongms

MAHSHING— Stage 3 of the cycle (price can be volatile) unless high of $2.74 can be taken out with volume.It is still trading under its immediate descending line so unless it can break above this line it is expected to trade sideways. Any weakness may find immediate support at $2.10/$2.05. It forms a Fallen Gap on 15/01/14 at $2.22/$2.24 which is now acting as strong resistance.( Also the descending line resistance). It is expected to try to fill the Gap, a break above this line with volume will change the landscape of MAHSHING to next target of $2.30 . Exit if $1.92 is violated.

SPRING---Welcome to this thread..


MALTON— Stage 3 of the cycle (price can be volatile) unless high of $1.01 can be taken out with volume. It broke above its immediate downtrend line of $0.83 on 18/02/2014 with volume imply more upward movement which it did and hit a high of $0.935 the next day. After that it starts to pullback to the low of $0.83 which is the new bottom for Malton. Such a big pull back may have shaken out lots of traders. It is trading sideways between $0.83 to $0.89 at the moment.A break above $0.89 with volume may take it to its immediate target of $0.95 with strong resistance at $0.925. Short term trader exit if $0.77 is violated and mid term trader exit if $0.725 is violated.

i3raymond & novice 8- I will look at AFG & ILB tomorrow ..I just came back from my Sunday dinner and tonight football night..I also need to do my weekly summary but promise to look at your requests tomorrow..

Happy Trading…