ptofitMan, good on you..

I just entered GUNUNG at $0.865 hopefully can do a day trade..

Happy Trading..

Hi everyone, some candlestick reading going on after Novice8 brought out Cypark. Thanks for the inputs from profitMan and SF.. Both are very well worth in the candlestick patterns. Maybe I need to reopen my candlesticks books for revision too.

SF—Yap, GUNUNG is forming a V shape bottom, which has bullish implication. If you draw a Downtrend line joining top of $1.10( formed on 19/08/13),$0.995 (formed on13/11/13) and extrend it, it will coincide with the neckline of V-Shape bottom at $0.86. So for GUNUNG to turn bullish it must break above $0.86 with volume. Now it is still short of volume.

jacky187—You are right about HIL,very Bullish stage 2 of the cycle.. immediate support is at $0.58 with immediate resistance at $0.64.

Happy Trading…

21st March 2014

BARAKAH---More rebound could be expected as the undertone remains strong and RSI/Price still form Bullish Divergence. A break above $1.60 signal BUY and I will scale in more shares.

MAYBULK-- Downward momentum has slowed down, Volatility extreme low so more rebound is expected to $2.09/$2.12.

SCOMIES-- Downward momentum has slowed down, Volatility extreme low so more rebound is expected to $1.07.

ORNA—more downward movement can be expected to next support of $1.10, may add if $1.10 holds.

workworkwork – I only sell 30% of my REDTONE, I am still holding 70% of shares. I may add back if $0.69/$0.68 is not violated. You are in on good price on REDTONE..It needs to break $0.72 the mid term downtrend line to scale higher.

Bornoil –As you can see my cost is higher than yours. My last week summary on BORNEO OIL still stand, if support of $0.67 not violated it should try my target of $0.745. I find this stock is kind of slow moving.

I did the chart reading for ASIAPac on 14/02 for ViviYap and TaurusGal82 on 2nd March, this was my reading:
# Asiapac---After hitting a high of $0.23 on 21/01 it consolidated and may have found a new bottom at $0.18. It is expected to re test previous high of $0.23 and a break above (Signal BUY and will carry on stage 2 of the cycle, which is very Bullish) with volume will take it to the uncharted territory of an estimated target of $0.28.Immediate support adjusts to $0.215/$0.20. Exit if $0.18 is violated. siapac has been setting new high and counter like this does not have any overhang to clear.”—( 14/02/14)#
After 14th Feb it did consolidates to my suggested support of $0.20 on 19th Feb. The uptrend for this counter is still intact but the downward momentum has increased. First weakness if break below $0.20 and observe the Exit level. --TaurusGal82( 2nd March)
Nothing has changed much after the reading, it stay needs to break $0.23 as suggested.

Good Luck on your CLIQ..

novice8--

as I said earlier, please do not read every candlestick and think it is a price reversal. Most of the times a single candle means nothing. If we have to read every candlestick pattern everyday we will be chasing shadows that today signals Buy and next day Sell.

Cypart—For Cypark that is how I interpret the chart:

After hitting a high of $2.61 on 27/12/2013 it started to consolidate and find a low of $2.13 with an “Engulfing Bull” on 04/02/2014( This is an important candle signal price reversal which it did and go to the high of $2.45 on 12/03/2014. On 17/02/2014 it tried the high of $2.45 but failed to clear it and formed a ‘Doji Star” ( Confirmed by the next candle on 18/02). This is an important candle signals price reversal which it did and consolidates to lows of $2.25 on 04/03/2014. Then it started to move up towards $2.45 again with a doji on 13/03/2014 but insignificant because there is no confirmation candle, it formed what you call a long legged Doji yesterday ( more like almost a Hammer) but you should wait for a confirmation candle today.
And if you have drawn a horizontal line on $2.45 and an uptrend line from the low of $2.13 to $2.25 and extend it, what do we have? A short term Ascending Triangle, which has Bullish implication. Today it breaks out from $2.45 which carry an immediate target of $2.65 (Which was achieved today) and an estimated final target of $2.77.
You must learn to interpret the candle pattern with the location of that candle to be meaningful.

Hope this help.

Good Night and Happy trading…

Htyeap, thanks for sharing E&O, very bullish after breaking out of $2.06 on 13/03 with volume and carry an estimated target of $2.25. Congratulation to you.

profitMan—Thanks. You know me, I always lock in profits whenever there is an opportunity. Until we sell it is only paper gains..I must also congratulate you on PRTASCO, that is the right way always remember to lock in profits..

For Latitude your TA analysis is great, I agree with what you read. For discussion purposes, I will put the immediate support on the downtrend line of $2.58/$2.57 and it may re test this level. Unless it could break above $2.82 with volume it is most likely to trade inside the rectangle of $2.35 to $2.82. For short term traders exit if $2.35 is violated.

Happy Trading…

ronaldo96—I totally agreed with what profitMan said about the Exit Plan. If you buy a stock and it goes against you and you are under stress or fear, you are doing it wrong.
Before you buy any stock , ask the first question: How much can I afford to lose if the trade is against me?? ( Forget about what TA, FA said). Whatever we said is only a guide.
Once you set your Stop Loss level ( the first stop loss is the most important) then you can trade without fear or stress because you already factor in the losses you can afford.

oops, need to go to KL Plaza to collect my running kits for Sunday MUZIK run..

Happy Trading…

brendonyeap ,

I used to trade this counter too.
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.

susan68, androsjy. i3raymond You are welcomed.

yoda88--# titijya upon seeing momentum and volume, its well supported at 1.80 level n all indicators at positive signal, will see if tmr can breach 1.85 n touch its 1.92 level. Pls advise bro. Tks.#

I did the chart reading for TITIJAYA on 06/03/2014 for greenday,
TITIJAYA- Breakout from the Double Bottoms on 18/02 with volume signal stage 2 of the cycle, very Bullish. Today breakout from $1.74 with its immediate target is at $1.86, if break may try its previous high of $1.92.Immediate support adjusts to $1.76/$1.70. Exit if $1.64 is violated.
Note: just a word cautious the volumes and price had formed a Bearish Divergence, it may still move up with reduce volume but if there is a Pull Back it could be a big drop in prices.. (06/03)-

Yoda88, I do agree with your chart reading on TITIJAYA that it is most likely to test $1.92 if break $1.85. Do check the momentum as I think it actually formed a Bearish Divergence that means the price close higher but momentum is not.

Note : I cleared 30% of REDTONE upon seeing it could not break the downtrend line of $0.72 at $0.715/$0.71 to lock in 7.8% profits..

profitMan, thanks for sharing Latitude, i will put it under watch list.Care to share your TA on LATITUDE ??

Happy Trading…

20th March 2014

REDTONE--AV Price(2)=$0.661 (after scale in) (Closing=$0.705, P&L=+6.65 %),Stop Loss(2)=$0.64.Risk= -2.3 %. Tp1=$0.695, TP2=$0.735/$0.765.(Exp Trading Range $0.68 to $0.765).
Note: I scale in another 20% of shares after it breakout from $0.68, now my Av costs increase to $0.661. It tested the strong resistance of $0.72 (its midterm downtrend line) but failed to clear it. A break above $0.72 will test my TP2 and final target of $0.80/$0.86.Any weakness toward immediate support of $0.68 offer buying opportunity for future play.

BARAKAH—Keep showing Price and RSI in Bullish Divergence, strong undertone( It is under accumulation) and a strong rebound could be expected soon.

GADANG—Rectangle trading range of $1.13 to $1.19. If break $1.13 next meaningful support is at $1.06.It broke below its uptrend line of $1.17 lately and is struggling to close above it. Will take my losses if $1.13 is violated with volume.

i3raymond
BORNEO OIL—As mentioned in my weekly summary, the downward momentum has increased and it did test the support I mentioned of $0.67 ( today tested $0.675). If fail to hold the next strong support is at $0.655.The uptrend is still very much intact.

susan68—Welcome to this thread.

ALAM—I traded this counter many times in the past and it brought me a lot of profits. The last time I traded this counter was in Oct and Nov 2013.Both times I sold mine near to $1.60.
Stage 3 of the cycle and price can be volatile, it is trading in the range of $1.35 to $1.62. It is very bearish in the short term and may re test the support of $1.37. Any rebound should find resistance at $1.47, a break above $1.47 with volume signal BUY to $1.53 and target of $1.62. A break below $1.37 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 $1.37 is violated.

SF—Welcome back..As I said before, trader life is the best life in the world. Ya, I do enjoy travelling, running, good foods and wine. If you trade well you can have a good life from stock market.
Congratulation on your OCK. Ya, never trade with “HOPE”! As I said before, how hard we pray and Hope that the stock will move up, the stock god might not be listening to us.

I am monitoring GUNUNG, if break $0.86 with volume should try $0.92/$0.96 (wonder can do any day trade or not?)

Happy Trading and Good Night…

cherry tomato..it is ok..we all bought stocks too high sometime based on what we believe it will go up..Hope you did take your losses early..

Happy Trading..

novice8—
Redtone—I scale in another 20% of share at $0.685 just now when it broke $0.68 signal BUY..Hit my TP1 of $0.695, heading toward TP 2 of $0.735 wih immediate resistance at $0.72..

androsjy
GPACKET—Stage 3 of the cycle and price can be volatile, Rectangle trading now from $0.405 to $0.50. If break above $0.50 will find next resistance at $0.52/$0.57 and very strong resistance at $0.64. Suport adjusts to $0.43 and $0.405. Very strong support is at $0.37. Exit if $0.37 is violated.For rectangle trading traders will normally try to buy near support and sell near the resistance.

ProfitMan, thanks for sharing info on Crypus..Sound like a wonderful place to visit.Hopefuul I can cover it after Turkey.. Ya, when I go holiday most of the time is Private Tour, but I asked travel agency to arrange the places to visit. But for Jeju Island which I am travelling to 0n 25th March I am following a tour because of languages peoblems in Korea. I like Apple Tour they provide good accommodation and foods..

Happy Trading…

Sephiroth..thanks for helping breandon out on PJDev WB..

profitMan, very good inputs to add on RSAWIT..

Thanks to both of you and really appreciate your helps for forum investors here..

REDTONE—Try to break out from $0.68 to close the fallen gap at $0.695, if closed may try next target of $0.72..Needs more volume..

Oops..Need to goto KL to arrange my tour to Turkey. profitMan, I will try to see whether can get over Cyprus or not..Do share info what is good there from foods to sightseeing since you have been there..

Happy Trading..

19th March 2014

# There is no shame in losing money on a stock trade,but to hold on to a loss and let it get bigger or, even worse, to buy more to average down. Remember that only losers average losers.#

Today i start to collect ORNA again, a break above $1.24 signal BUY and it should try $1.29 and has an immediate target of $1.42. Will accumulate more if $1.14 is not violated.

SCOMIES—The downward momentum has slowed down, it may try the downtrend line at $1.09. If break will try $1.15 and my target of $1.20.

GADANG— Downward momentum has slowed down,more rebound can be expected. If break $1.19 should go re test $1.25.

Breandon, sephiroth is the right person to ask about PJD WC, sephiroth can you help brendon here?

hepitrade--You are most welcome. Your Padini is doing very well.

Good Night and Happy Trading...

ronaldo96--
RSAWIT—Found new bottom at $0.75,very Bullish after breaking out from double bottoms formation at $0.86 on 11/03 and hit high of $0.88. With that break out it carries an immediate target of $0.97. Shows some weakness when it could not hold above $0.86 (Resistance turns support) and tested the next support of $0.835. It is expected to trade within $0.83 to $0.86, a break above $0.86 will take it back to $0.885/$0.90 and strong resistance at $0.95 (Mid term downtrend line). Exit if $0.79 is violated for short term traders.

hepitrade--
OCK—Breakout from $0.87 with volume on 12/03 signal BUY and hit a new high into uncharted territory of $1.05 today. The counter is very Bullish but with such a Big volume ( almost 10 x monthly average) today is it a buying frenzy? If so expect some consolidation in near term. Any consolidation should find immediate support at $0.95 and very strong support at $0.87. Next resistance is at $1.10.
EAH—stage 3 of the cycle and price can be volatile. It s expected to trade from $0.165 to $0.225. It is forming what look like a H&S pattern with neck line at $0.165 which has Bearish implication. Any rebound should find resistance at $0.20 and strong resistance at $0.215.But if it can break above $0.225 signal BUY it carry the target of $0.27.

crossmics—agreed with your analysis on MU..Still we need to be patient during this transistion period.

ProfitMan—I know you are real good at TA. Next time after my analysis do add in some notes or point out my mistakes (Ya, I do make mistakes) so we all can learn together.

Yoda88, I did the chart reading on SILK for Tuck2 on 27/02.

SILK—Very Bullish forming Pole and Flag formation after hitting a high of $0.785 on 05/02/14 and started its consolidation.May have found the new low at $0.63 on 19/02/14 and started its rebound, but formed a “Dark Cloud” on 24/02 at $0.74. This dark cloud is shadowing the upward movement of SILK .A break above the pennant at$0.72 signal Buy and if break $0.74 SILK will scale much higher to its previous high of $0.78 and into new uncharted territory. Failure to breakout soon ( it has been in the pennant almost 3 weeks already) then it may formed the Descending Triangle which has Bearish implication. Exit if $0.62 is violated.-- (27/02/14)
Yoda, after the reading it did break down from the descending triangle and hit a low of $0.55. It is having a technical rebound trying to close above $0.63. The counter has showed lots of weakness after breaking down from $0.63 and if it rebound further to close above $0.63, expect some strong resistance at $0.69 (The down trend line). Exit if $0.55 is violated.

Happy Trading…

matrix6050—For TA there are many good books around for reference.Are you into candlestick?The best way to share your TA knowledge so we can discuss together is put up your own analysis here on the counter you are trading. profitMan, do you agree this is a good way or you have other suggestion.Also SF? He is kind of details in candlestick..

Novice8, ORNA not out of wood yet, the real signal to enter is when it breaks above $1.24..I am collecting some because the support of $1.14 looks good to hold.
REDTONE as I said last night, need to break $0.68.
BARAKAH still inside rectangle of $1.50 to $1.60..

Happy Trading…

profitMan, thanks for TA of PRATASCO,your TA and Trading skill is to be admired.
I am glad you are riding on it like sephiroth, best wishes to both of you. Today I re enter ORNA which put me to my Max of 7-8 stocks, really I need to clear some before can consider other stock.

I have to admit only 1 team turned up last Sunday, it wan"t us..:-<

changlk03, we are here to learn from each other, and profitMan TA is very powerful.

Happy Trading..

sephiroth, thanks for sharing..
Look like you are on another winner..congratulation.
I will put it under my watch list too..
Now i am at Maximum numbers of stocks until i cleared some non moving stocks first..

Happy trading..

Jacky, ya never understand those warrants until sephiroth explained and work out the conversion for me. It does not make sense to buy the Borneo Oil warrants because it is very high risk as pointed out by sephiroth.

I am re entering ORNA at $1.17 level slowly..

Happy Trading..

18th March 2014

SCOMIES--- AV Price=$1.02 (Closing=$1.03, P&L=0 %), Stop Loss=$0.965. Risk= -5.4 %. Tp1=$1.09, TP2=$1.15/$1.20. (Exp Trading Range $1.00 to $1.09).
NOTES: Bought in SCOMIES at $1.02, may have found a new bottom at $0.965. It is still under consolidation and immediate support of $1.02 holds well so far. A break above $1.06 confirms the uptrend is on and will test my immediate target of $1.09. If break will test my next target of $1.20 ( with very strong resistance at $1.15, its previous high).

SF---What a lousy performance from MU last night…profitMan will be very happy now..

Novice8

REDTONE—Resistance=$0.68/$0.695. Volatility is low so it is possible there will be a big price movement soon. If break $0.68 signal BUY. As I posted yesterday I will be out if break below $0.64.

BARAKAH—Sideways $1.50 to $1.60 and under consolidation, unless it could break above $1.60 it is trapped inside the rectangle.

Jacky, Thanks for sharing the news on Borneo Oil. When I first noticed Borneo Oil at $0.66 (warrant at $0.25) I know there are some collection going on them. I do not understand warrant well and did ask Sephiroth & thanks to him, based on calculation of conversion it was expensive. What happen was the mother share move to a high of $0.72 but the warrant is at $0.40 ( 60% profits from $0.25) cents now. Never understand how does that work?

Congratulation on your Maybulk first round and Barakah which you sold this morning..

MAYBULK—The downward momentum has slowed down, more rebound can be expected. Any rebound should find resistances at $2.07/$2.12.

I did the chart reading for STAR on 14/03 for sephiroth..and PERISAI on 10/03 for winwinborn..

STAR—Found the new bottom at $2.14 and this bottom has been tested on 13/02. It is still in stage 1 of the cycle trading between $2.14 to $2.37( neck Line for Double Bottom formation which had bullish implication). . A break above $2.37 signal stage 2 of the cycle, which is very bullish and carry an immediate target of $2.60. Exit if $2.14 is violated.— (14/03).
PERISAI—It may have found a new base at $1.45, but this new base has not been tested yet. It is expected to trade from $1.45 to $1.57 (neckline for the Double Top Formation carry a lower target of $1.41). Unless it could break and stay above $1.57 it is still in bearish mood. If you are thinking of bottom fishing do set an exit if $1.40 is violated.-- (10/03)

Good Night and Happy trading…

changlk03 –Thanks for the kind words.

You are right those stocks in my weekly charts are the stocks that I am trading now. My maximum trading number is 7-8 stocks the most.
I am a position trader that means I am a short term trader, I have no emotion to any stock and will sell if it hits my target. Or take losses if the price goes against me.Even will sell if the stock is going sideways and not moving.
Please do not take those stocks as a BUY signal, I am sharing my portfolio so that some newbies may be able to learn from my mistakes. Ya, I do make mistakes and take losses at times. But the trick is to lose less and win more so in the long run you an make $$$ in this stock market.

Happy Trading…

“Green day -- I haven’t been to the bookstore for a while, I used to buy my Technical books at local bookstores like MPH, Border and Kinokuniya…

hepitrade--.
THHE—After hitting high of $1.05 on 20/02 it started its consolidation and ‘may” have found the new bottom at $0.905. If $0.905 holds it is expected to trade between $0.905 to $00.955. A break above $0.955 with volume it is expected to test its resistance at $1.00 and strong resistance at $1.05( Its previous high). Immediate support adjusts to $00.905/$0.89 and strong support is at $00.86. Exit if $0.84 is violated.

jacky187—How come your entry price for Borneo Oil price is at $0.70? I thought when I first mentioned it was at $0.66/$0.67?
Maybulk—Din”t you asked me to read the chart earlier? I though you were in before the breakout from $1.96. This counter most likely to re test $1.96 if this level is broken with volume I will take my losses..
Thanks for sharing about Fed Meeting...
Scomies” slowly at $1.52—ya typo error…I meant $1.02.

Happy Trading…

WEEKLY SUMMARY 17th March 2014


1) BARAKAH--- AV Price=$1.525 (Closing=$1.52, P&L=0 %), 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 2 weeks. Price and RSi starts to formed Bullish Divergence imply some accumulation is on and the undertone is strong. 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.

2) BORNEO OIL-- AV Price=$0.672 after Scale In (Closing=$0.70, P&L= +4.2 %), Stop Loss=$0.625.
Risk= -7 %. Tp1=$0.70, TP2=$0.745. TP3=$0.83 (Exp Trading Range $0.67 to $0.745 ).
Note: As expected, it breaks above $0.70 but failed to reach my TP2 of $0.745 which is disappointing. Still, the uptrend is very much intact. The upward momentum has slowed down so it may re test $0.695/$0.685. Strong support is at $0.67. A break above $0.72 will take it to my TP2 of $0.745.

3) ENGTEX--AV Price=$1.965 (Closing=$1.89, P&L=-3.8 %), Stop Loss=$1.82. Risk= -7.4 %. Tp1=$2.10, TP2=$2.20/$2.23. (Exp Trading Range $1.86 to $1.96).
Note: 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. Any weakness offer buying opportunity for future play.
P/S : Vivi yap, I know you are in ENGTEX hopefully you do have an exit plan as I may start to clear if It can”t stay above $1.90 soon to protect my capitals. If break $1.86 the consolidation is expected to take longer to recover.

4) GADANG-- AV Price (2)=$1.20 (Closing=$1.16, P&L=-3.3%), Stop Loss =$1.12, Risk= -6.6 %.
Tp1=$1.26, TP2=$1.34. (Exp Trading Range $1.13 to $1.26).
Note : Uptrend Channel ( Higher High and Higher Low) trading, it remains bullish for mid term. It is still under consolidation sideways and 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=$2.00, P&L=-3.4 %), Stop Loss=$1.96. Risk= -5.3 %. Tp1=$2.20, TP 2=$2.40.TP3=$2.58 (Exp Trading Range $1.96 to $2.07).
NOTE: The Dark Cloud at $2.19 is shadowing the upward movement of Maybulk,it shows more weakness when support of $2.02 was violated last week. The downward momentum has increased and it is expected to test the next support of $1.86. Any rebound should find resistances at $2.03/$2.07. I may start to clear on any rebound to protect my capitals.
Jacky187—I know you are also in MAYBULK, do have an exit plan as I am not sure are you a long, mid or short term investor.

6) REDTONE--AV Price=$0.655 (Closing=$0.66, P&L=0 %),Stop Loss(2)=$0.64.
Risk= -2.3 %. Tp1=$0.695, TP2=$0.735/$0.765.(Exp Trading Range $0.64 to $0.695).
Note: It may have found a new bottom in $0.605 and immediate support at $0.64. It is still on the sideways consolidation with downward biased. A break below $0.64 signals first weakness and may re test $0.605. Any rebound should find immediate resistance at $0.68 and Fallen Gap resistance at $0.695. I have increased my Stop Loss from $0.605 to $0.64 to limit my losses and protect my capital. For mid term investor Exit if $0.605 is violated.


I have started to collect Scomies slowly at $1.52 level, next support is at $1.00 and very strong Support is at $0.965. ( Expected trading range $1.00 to $1.07).

Last week was a good week for me:
1) Day Trade on MAS with 14% profits
2) Orna with Average 14.5% in 2 weeks trading
3) PADINI with average 6.5% profits (not counting dividends) in 1 week trading.



Happy Trading…

P/s oops..time for my Football game..Good Night everybody..

greenday, i am still using Candlestick by Fred Tham which i bought in 2003..I think now should be more advance//

brendonyeap. i will put up my weekly summary for Engtex later, i think WA always follow the mother shares..

Happy Trading..

crossmics, ya you are right..Now we under transition period because changed of manager. Like stock it is under healthy consolidation…

Novice 8

TubeInns—Found the new bottom at $1.80 on 20/02 and the bottom was tested on a few occasions and hold. The big volume on 06/03 with little price movement imply some accumulation or crossing of big blocks around the price of $1.81/$1.84. Today it breakout from $1.89 (Signal BUY) and hit its immediate target of $1.98. ( Also the neckline for the Double Bottoms Formation, which has Bullish implication).If it could break above this neckline, it will meet its very strong resistance of $2.05( Downtrend line), if break it carries an estimated target of $2.16 . Immediate support adjusts to $1.89/$1.86. Exit if $1.80 is violated.

Happy Trading…

connie,men also have boys inside right? same as ladies, sometime behaves like little girls too.

crossmic, welcome to this thread. i am sorry but you can dream to beat us this weekend.

Dinner Time..

Enjoy your weekend....

Connie, Liverpool and Man Utd have been a rivalry for years, we actually “hate” each other in term of football. Still, most of my friends are Liverpool fan too.

profitMan, you should go to Bangkok I think they have the most Liverpool fans there. I remember one night I was at this bistro in Bangkok watching we play each other. When we score, of course I shouted and found out only a few of us are shouting, when Liverpool equalize, the whole bistro like exploded. It was in 2010 and we finally won 2-1 and the whole place is like dead. It was a beautiful night for me to see so many disappointed Thai..keke ! oh Ya, the SINGHA Beer tasted really good that night..

profitMan, in your dream lah want to beat us..
Come to think about it maybe you should have a lousy weekend bcoz Liverpool gonna lose..hahaha !

novice8, will look into it for you over the weekend.

Have a wonderful weekend everyone..

Jacky, Please read my weekly summary :

10th March 2014—Weekly Summary

BORNEO OIL-- AV Price=$0.672 after Scale In (Closing=$0.68, P&L= 0 %), Stop Loss=$0.625.
Risk= -7 %. Tp1=$0.70, TP2=$0.745. TP3=$0.83 (Exp Trading Range $0.63 to $0.71 ).
Note: It is expected to break above $0.70 ( its near term downtrend line and signal BUY) to test my next target of $0.745.Counter has turned bullish all it needs is the volume to push it further upwards. Any weakness should find support at $0.655/$0.63 offer opportunity to collect for future play.

Don’t know what is your risk ratio but I am taking 7% risk here..I will re look at it over the weekend and put it out on my next week summary. Kind of disappointed with its performance after the breakout from $0.695, now it is re testing its breakout point. I did scale in more shares at $0.70 that day..

profitMan, thanks for sharing BARAKAH, and my congratulation to you on locking in profits on/off BARAKAH.. I like it because the support of $1.50 seems to hold water.

I will put CYPRUS in my mind, I heard a lot about it too.
This year my holiday quite full as I will be travelling on 25th March to JEJU Island, April (middle) to China mountains.. Sept at River Kwai for Marathon and year end Marathon in Taipei..So now i need to squueze in Turkey sometimes...

Happy trading..

novie8, scomies immediate target is at $1.15/$1.20 if break above $1.08..
Stop Loss if $0.96 is violated..

thor88, you are most welcome !!

Happy Trading..

Sephiroth, haven”t heard from you for a long time, nice of you to drop by.

STAR—Found the new bottom at $2.14 and this bottom has been tested on 13/02. It is still in stage 1 of the cycle trading between $2.14 to $2.37( neck Line for Double Bottom formation which had bullish implication). . A break above $2.37 signal stage 2 of the cycle also breakout from Double Bottom formation, which is very bullish and carry an immediate target of $2.60. Exit if $2.14 is violated.

You bought in at the very good price of 42.16/$2.20, congratulations. I will put it on my watch list may enter if $2.37 is taken out..

Happy Trading..

thor88—Not sure what kind of traders are you, so I put in short and long term scenario for you.

Opensys –Stage 2 of the cycle and very bullish. It breaks out of $0.205 with volume on 06/03/14 which carry an estimated target of $0.25/$0.255, it hits high of $0.24 and started its consolidation.Any weakness towards support of $0.21/$0.205 offer buying opportunity for future play. Short term traders may wish to exit if $0.20 is violated. If high of $0.255 is taken out it has a long term target of $0.30.Exit if $0.155 is violated for long term investor.

brendonyeap—Normally the WA will follow the performance of mother shares.

BIMB-WA—May have found a new bottom at $0.66. It is doing some technical rebound and any rebound should find resistance at $0.72 and strong resistance at $0.75 (Also its downtrend line). If you are bottom fishing remember to exit if $0.66 is violated.

htyeap125—Ya, arrange some holidays later in the year. Always wanted to visit Turkey.

ProfitMan—Thanks for the TA of BARAKAH..

Wow..so many of us in BARAKAH ? Not sure what are all your plan, but I am taking few cents risk if $1.50 is violated I will be out. The stock only call for BUY if it gets out of the consolidation that is to breakout of $1.60 with volume.

Also letting you all know I collected SCOMIES today at $1.02 ..

Happy Trading..

thor88—Welcome to this thread, I will look at Opensys for you later. Need to go to MATTA Fair maybe to buy some holidays.

brendonyeap—

BIMB –Stage 4 of the cycle to be avoided. If you are thinking about Bottom Fishing remember to set an Exit point below $3.80.It is doing a technical rebound after the big sell down 2 days ago and the rebound should find resistance at $4.12/$4.16. Very strong resistance is at $4.30 ( Also its descending Line). The WA normally will follow the mother shares.-- ( 28/02/14)

I did the reading for BIMB on 28/02/14 for madamlee and after the reading, the counter did rebound to my resistance of $4.16 but failed to clear it nor the downtrend line of $4.30.

ViviYap—You are in ENGTEX too? Ya, I am still holding ENGTEX, I will update if I want to Buy or Sell..

SF—Thanks…March has been good so far..

Happy Trading…

14th March 2014

To all the TA in this thread, Remember:
# We are not Forecasters, We are Interpreter of the charts#

ORNA --Today cleared another 25% of ORNA at $1.25 to lock in 15% profits. Set the Trailing Stop at $1.19 for the remaining 25%. But if $1.20 holds may start to accumulate again.Yesterday “Hammer” did not materialize with any confirmation candle today. So the Hammer does not mean anything.

PADINI—Cleared 50% of PADINI at $1.97 to lock in 6.5% profits( Excluding the dividends), very happy with the performances and thanks to hepitrade who highlight this stock to me.Formed a spinning Top today in an overbought condition, some consolidation is expected soon.I have set my trailing Stop at $1.93 for the remaining 50% or sell into strength.

BORNEO OIL—It is expected to break $0.72 and test my TP1 of $0.745 soon.

MAYBULK—shows more weakness today, a break below $2.00 will take it back to $1.96. Any rebound should find resistance at $2.09.

GADANG—More rebound can be expected( Upward momentum has increased) if break $1.19 ( signal BUY, I may add in more shares) it is expected to re test $1.24/$1.25 (previous high). I have been collecting Gadang at the $1.15 level and now my AV cost is $1.186.

I collected Bakarah today at $1.53. Will collect more if $1.50 holds.Consolidation may be over and some rebound can be expected soon.

Happy Trading and Good Night..

novice8 and profitMan, many thanks for sharing your thought on EngTex, really appreciate it.

Chart wise it must break and stay above $2.00 to have a realistic chance of moving higher.

Novice8, Gadang may stage a rebound soon, but RedTone looks weak..

Happy Trading.

novice8, happy to hear you managed to lock in some profits for ORNA..

htyeap25,always nice to hear from you.
Thanks for sharing the link about Engtex, appreciate it.

A bit concern with my MAYBULK..may heads towards $1.96..

Happy Trading..

HAMMER—I am very happy some TA discussion on “Hammer” were carried out last night by novice8 and stay foolish. Beside sharing my trading strategy and hoping that newbies do not make the same mistakes I did before, I was hoping that this thread could also be shared by TA analysis.
Ya, both of you are right that ‘hammer” needs confirmation candle and the color is NOT important. That is why I used the phrase “Top Reversal?” with a question mark. Stay foolish, you are right, I am concerned the momentum has turned downward and RSI has formed Divergence.
For a Position or short term trader like me, we take notice of this candle and will ACT if necessary.
Now we all can all learn together.

I regard very highly to profitMan analysis on TA, Sephiroth on FA. Both of them had helped me tremendously on this thread.

Brendonyeap—I did the chart reading on Brahim on 20/02/14

BRAHIM—Stage 2 of the cycle and very bullish, the counter keep setting new high means no overhangs to clear. The uptrend line is very much intact.The next target is estimated to be $2.70 if breaks the previous high of $2.55. Immediate supports are adjusted to $2.38/$2.34. For short term traders like me we would exit if $2.25 is violated.—(20/02/14)
After the reading it did hit my target of $2.70 on 06/03/14. If break and stay above $2.70 it should be heading towards $2.80.

Whether you should ride on it or not is purely your OWN decision, I never advise anyone to buy or sell. They need to make that decision themselves.

ulutrader
Thanks for the kind words. Still, Borneo Oil uptrend is still intact.

Vivi Yap, ulutrader is correct. I don’t trade penny stock.

Wintoni---Downtrend counter, but may have found a new bottom at $0.055. Expects to trade from $0.06 to $0.09, a break above $0.09 will take it to its immediate resistance of $0.115 and Traget of $0.145( very strong resistance as this is also mid term downtrend line). If you are bottom fishing remember to set the exit if $0.055 is violated.

jacky187—Don’t worry about the missing one, you will catch a Big one next time..

cherry tomato—You are like me a position or short term trader. Any books on Swing trading, Short term trading will help for beginners.

Happy Trading…

P/s Novice8, just to informed you i sold another 25% of ORNA at $1/25 (Now left with last 25%) to lock in my profits. You know i will always lock in profits when opportunities arise.

13th March 2014

ORNA—Formed a Hammer today while on an uptrend, a Top reversal? Price & RSI starts to form Bearish Divergence and downward momentum has increased. I may try to clear ORNA to lock in my profits.
novice8—from previous post I know you are in ORNA as well, Just to let you know I will be out of ORNA soon because of the Divergence.(Then I could be wrong too). I hope you do have your own Exit Plan on ORNA.
Just a word a cautious you may want to clear if $1.17 is violated.

PADINI—Very happy with the performance, almost hit my target of $2.00. The counter is extremely overbought so some consolidation can be expected soon. I may cleared mine to lock in profits first.

I like Barakah the consolidation is healthy and may find a temporary bottom at $1.50. Will start to collect if $1.50 holds. Narrow trading range of $1.50 to $1.58 with reduced volume.

Brendon, to answer your question I think the WA normally move with the mother share. I am not sure about YLI because I do not trade them. But for ENGTEX today shows weakness and more consolidation maybe towards $1.86 can be expected. For the FA of the 2 counters you may need help from FA experts. Anyone that can help brendon here??

spec9888—I am using metastock, not sure about others though.

Happy Trading and Good Night…

ryanc—Welcome to this thread.

sunlight—You are always welcome. Do visit us more often.

i3raymond—Maybe “Weak Pusher” was a strong word to use, my apology. Ya, Borneo Oil also fell short after the breakout that I have to agree with you. I was expecting it to hit near $0.745 after the breakout from $0.695. I was wrong too..

Happy Trading..

Cherry tomato,

Just read my weekly summary posted on 10th March 2014..Those are the stocks I am trading now except I added PADINI yesterday.
For TA books,since you are new I would recommend Candlestick for Beginner or “getting started For Candlestick charting”..
Not sure what kind of trader are you? Short, Mid and Long term?
For GHYSYS I did the reading for 1Bull on 09/03.

GHYSYS—Ya, I used to trade this counter and it has on many occasions fell short of my expectation.Rectangle trading of $0.665 to $0.835, it had in the past failed to close above $0.835 to test its previous high of $0.915 and beyond. The landscape has improved lately and it is expected to try to break above $0.835. A break above with volume it is expected to re test $0.915 and carry an estimated target of $1.00. Failure to do so will repeat its previous pattern with immediate support at $0.72 and strong support at $0.655. Exit if $0.65 is violated (Signal stage 4 of the cycle and to be avoided at all cost)-- (09/03)

As I mentioned in my reading it always fell short of expectation and whoever is behind this counter is a weak pusher.

twobits—You are welcome !

Happy trading..

Cherry tomato,

MITRA—Very Bullish, after trading in the rectangle for almost 2 years plus, it breakout from $0.525 on the daily chart with volume and carry an immediate target of $0.585, TP2=$0.625 and long term target of $0.725.It is very bullish and any consolidation should find support at $0.555 and strong support at $0.525( Resistance turns support). Any weakness offer opportunity to collect for future play. Exit if $0.465 is violated.
Thanks for highlighting, I will definitely put this under my watch list.

I think you can start by buying some Technical books in the bookstores. It will help you in deciding the entry and exit price for the stock you are interested in. TA can only use as a guide, to make money you need to have a PLAN when buying into any stock. The first question you must ask yourself is “How much can I afford to lose if the trade is against me?” before buying any stock.

Happy trading..

lee9fold—welcome to this thread.

Novice8,
VOLUME—it actually measures our greed and fears, supply and demands.
Beware of rallies with weak volumes—Low volume low conviction.
A breakout must accompany with increased volumes.
Consolidation must be with reduce volumes.
When Volume expands, price either expands higher or lower. When volume contracts, prices contract. I will say volume confirms price action.
When volume expands and price does not we refer it to Price/Volume Divergence.
The only time you need to be careful what we refer to Buying or Selling Frenzy, some call it climatic volume (Highly extended volume spike), it often indicates the current trend may soon slow or halt.
In TA, the ability to read Volume signal accurately will be one of most valuable tool.

P/s novice8, remember to have a exit Plan for Gadang if you are in it.

Happy Trading..

Novice8,

Consolidation—Volume must decline after large upward movement. The trading range is normally narrow during consolidation. The reasons being most investors are sideline waiting for more prospects, after that volume expand a large price move transpire.

Look at GADANG chart, it is under consolidation trading in a narrow range of $1.13 to $1.18 with reduced volume. If $1.13 stays it should move soon.

In chart reading as I always say, Volume is independent from Price and is the MOST important factor, it measures our fears and Greeds. Don’t read into too many indicators it will confuse you. Learn these few important factors and learn well:

VOLUMES, PATTERN, SUPPORT and RESISTANCE.

Happy Trading

yoda88

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)

ProfitMan—Good TA analysis on RSAWIT.

Vivi Yap, novice8 —Ya, I am still holding on ENGTEX. More consolidation towards $1.91/$1.88/$1.86 can be expected. I am in the Q at $1.91 since this morning..Not done yet.

stay_foolish—We are all here to learn from each other, I am monitoring POHUAT, OCK and awaits further consolidation especially Pohuat.

hepitrade--I must say TQ to you too. If you have not highlighted PADINI i would not have bought yesterday.

Happy Trading..

jacky187
A stock only has 3 scenarios, UP, Down or Sideways. Like everyone I bought because I think it is going up, there are many occasions the stock did move up but never hit my TP, and once I know it is moving sideways I will normally clear to protect my capitals. It is no point to hold on a stock that is NOT going anyway or going down.

hepitrade—PADINI is very bullish at the moment, normally on the ex date for dividends the price will adjust itself, but whether it will drop back is anybody's guess. I will clear if the charts say it is going down.

stay_foolish—Thanks for sharing your portfolio, keep the updates for us. Good entry for PADINI and congratulation. It is OK to make mistakes by choosing wrong stocks sometime like your Fitters, important is to learn from our mistakes.

yoda88—Will look into DESTINI for you later.

Happy Trading...

12th March 2014

BORNEO OIL –Break out from $0.695 today with volume, which I scale in another 20% of share at $0.70, now my new Av Cost is at $0.68. It is expected to test my next target of $0.745.

ORNA—broke above $1.25 and hit my TP2 of $1.29 which I cleared another 25% at $1.28 to lock in 18% profits. The uptrend is very much intact, I have increased my Trailing Stop from $1.15 to $1.19 to protect my profits. If break $1.29 it should test the target of $1.36/$1.42.

PADINI—It is expected to break $1.90 to my next target of $2.00?$2.05 (mid term downtrend Line). Any weakness should find immediate support at $1.85/$1.80.Very happy with its performance.

MAYBULK—As suggested did test the immediate support of $2.02 but holds. The downward momentum has slowed down and more rebound can be expected if break $2.14 it should move to the targets I mentioned.

REDTONE—The upward momentum has increased so more rebound can be expected maybe to close the gap of $0.695.

Happy Trading and Good night.

P/s:
matrix6050 --Welcome to this thread.

breandonyeap, i already sold FITTERS to lock in 4% profits earlier it did not perform to my expectation, i always post when i buy or sell my stocks.

novice8, you are welcome. Remember b4 you buy into any stock has a PLAN. That is when to get out if trade is against you (Stop Loss) and a Trailing Stop to protect your profits/capital if the trade is favouring you.

ronaldo9,
NARRA—You are right, it is definitely an uptrend counter, stage 2 of the cycle and very bullish. It broke above $1.65 on 05/03 with volume carry an immediate target of $1.85( Its previous high). A break above will take it to the uncharted territory of the next target of $2.00. Any weakness should find immediate support at $1.70 and strong support at $1.65 ( Resistance turn support).Veery strong support is at $1.60.Exit if $1.45 is violated.

stay_foolish, please do that! If you can share your portfolio here I am most delightful.The most honest opinion is we share what we actually bought and what happen when things either go right and wrong. It is really great we all can learn from your experiences and what were actually transpired. I am not sure what happen to XDL when it dropped from $0.665 to $0.285 in 2 days on 23/01/14, but it started its stage 2 cycle which is Bullish. I think there are plenty of good day trading books in the book stores but I can”t advise you because I am more a ‘Short Term” traders or what you call a Position Traders.

Novice8, Trading is more an art than science. It is not a right time to add unless it could break $1.29. When you add,it must be less than what you originally bought say for example ORNA-- if you bought 40,000 shares at my level at $1.08, the next level you can only add 50% of 40,000 that is 20,000 shares and next level the most 10,000 shares. I call this pyramid buying, when the price moves higher the lesser we buy. For any indicator, I always look at volumes, if the price is moving up and volume is reduced, be careful. Volume and price MUST expand together.

Happy Trading..

novice8—wow you added some more ORNA..Chart wise it is very bullish now as I said it needs to break $1.29 to my next target of $1.36/$1.43.

Winwinborn—BORNEO OIL just breaks out.. I Scale In another 20% of share at $0.70. Now waiting for it to hit my next target of $0.745.

twobits—I subscribed to Bizfun, it costs $320 per year. Way back til 1987 I think..anyway I only use 2 years data.. This is the web site:

http://www.bizfun.cc/main/

Happy Trading..

winwinborn---I am out of PERISAI already.

Novice8, ORNA hit my target of $1.29..I cleared another 25% ( Total sold 50% til now) at $1.28 to lock in another 18% profits.

Disappointed with BORNEO OIL through..

Happy Trading..

Hi, can anyone tell me what happen to the Forum today, why i can not access all the earlier posts? TQ..

winwinborn

PERISAI—It may have found a new base at $1.45, but this new base has not been tested yet. It is expected to trade from $1.45 to $1.57 (neckline for the Double Top Formation carry a lower target of $1.41). Unless it could break and stay above $1.57 it is still in bearish mood. If you are thinking of bottom fishing do set an exit if $1.40 is violated.

Happy Trading..

11th March 2014

# Buy Low and Sell High and, to make profits you must trade with the trend. These 2 statements are absolutely incompatible.If you buy low and sell high, you are standing on the way of the trend, not following it. And if you are following the trend you are not buying low and sell high.#

ORNA--- If break $1.25 it is en route to scale higher to my next target as upward momentum has increased.

BORNEO OIL—Expected to break above $0.70 soon ( its immediate downtrend line signals BUY),I may scale in more shares as it is expected to move to my target of $0.745.

MAYBULK— If the support of $2.02 holds some rebound can be expected as the downward momentum has slowed down. Next strong support is at $1.96.

REDTONE—The upward momentum has increased and it is expected to scale higher, maybe to close the gap of $0.695.

I am monitoring PADINI as consolidation in on going.

Happy Trading and Good night.

P/S: profitMan, Thanks, I am pleased with the returns on MAS day trade..

novie8, as i said earlier the uptrend line for GADANG not violated yet.

novice8--- Thanks ..Are you in GADANG too?
GADANG – It was important $1.14 holds (The uptrend support line), but it needs to break above $1.19 to turn bullish short term. The upward momentum has increase so a rebound is expected soon.

stay_foolish, from what I gather you are good in Candlestick too..I think candlestick pattern is the best way to find the price reversal. The most important part is find the right spot for that pattern.
For MAS, I did the day trade because the recent drop had factored in most of the bad news. Today it was FEAR that push the prices now, as I always say, stock price has nothing to do with anything but the emotions of us Traders. We trader agreed on the price but disagree on the value. When you buy a stock at certain price, who are you buying from? You bought because you think it has higher value hence suppose to go up, the traders who sell to you think it is going down. Got it?

brendonyeap—I wish I could help you but I am a position traders and I never buy stock to keep for long term. You may want to seek advices from those FA experts. Anyone to help brendon here?

jacky187—Whatever you buy do have a plan. The stocks you see I posted are the stocks that I am trading.

I am monitoring PADINI( I did the chart reading on 05/03/14 for hepitrade ) .

#PADINI---Worse is over for PADINI after hitting a low of $1.58 to end stage 4 of the cycle. It breaks out from $1.71 on 28/2/14 to start stage 2 of the cycle. It is very Bullish and immediate target is at $1.90, it is trying to get there. If break should find strong resistance at $2.00/$2.05( Medium term down trend line). Any consolidation should find support at $1.81/$1.80 ( Gap Support) and very strong support is at $1.73. Any pull back ay offer buying opportunity for future play. -- (05/03/14)#

It hit my TP1 of $1.90 after posting and started to consolidate to my suggested $1.81/$1.80 level. It is still under consolidation with downward biased and I will be collecting on any further weakness..If it can stay above $1.85 it should be clearing $1.90 soon to my next target.

Happy Trading..