MUHIBAH hit my first Target of $2.57 today, sold another 15% at $2.57. Can it get to my final TP of $2.72?

Happy Trading..

16th January

# For Newbies, to become a successful market player your first goal is to conserve your capital. Believe me this is easy said than done and itself a challenging goal #

1) GUH-- Av Price=$1.06( Closing=$1.08, P&L=+1.9 %), Trailing Stop=$0.975. Risk= -8 %. Tp1=$1.20/$1.25, TP 2=$1.32. (Exp Trading Range $1.03 to $1.14).
NOTE: I bought in more GUH average $1.035 today during its consolidation (Closed gap support of $1.04/$1.003 today, now my average cost reduced to $1.06). It is expected to re test its immediate resistance at $1.14.

Today I re enter PJDEV and TAS as both set new high into uncharted territory lately. One thing I like about counter setting new high they don’t have any overhang to clear and most indicators cannot apply here. So it is back to simple chart reading of Support/Resistance and volume.

1) PJDev-- Av Price=$1.41( Closing=$1.41, P&L=0 %), Trailing Stop=$1.33. Risk=5.6%. Tp1=$1.47, TP 2=1.55 (Exp. Trading Range $1.39 to $1.45).
Note: Counter is Bullish after setting new high today

2) TAS-- Av Price=$1.23( Closing=$1.23, P&L=0 %), Trailing Stop=$1.18. Risk=4 %. Tp1=$1.32, TP 2=1.40 (Exp. Trading Range $1.20 to $1.28 ).
Note: re enter TAS today during its consolidation period. May add if $1.20 holds well, It is expected to re test its previous high of $1.32 and if breaks will test next TP estimated at $1.40.

Today I sold 70% of my Muhibah at AV for $2.49 (In at $2.35, Given me an average of 6% profits).

Happy Trading..

Good for you sephiroth..
Just bought PJD to join you..

Happy trading...

You are welcome Sephiroth, hopefully the breakaway gap on MKland will take it a much higher level instead of the big pull back like previous time.
I am happy with the GUH performance, I anticipated it should close the gap at $1.04/$1.03 so parked to buy, too bad $1.03 not done all.

MUHIBAH now want to break $2.50 after I sold almost 70% of my shares kah??..

Happy Trading..

Sephiroth, both are very Bullish.

L&G—Counter is very Bullish and has an immediate TP of $0.51. If break $0.51 it should move towards the next resistance of $0.55/$0.585. Any consolidation should find immediate support at $0.47/$0.465 with strong support is at $0.46/$0.455. Exit if $0.45 is violated.

MKLAND---Breakout from Rectangle Trading with a Breakaway Gap today with volumes, it has an immediate TP of $0.49/$0.50.Any weakness should find immediate support at $0.41 and Gap support of $0.40/$0.39.Strong support is pegged at $0.38/$0.375.Immediate resistance is at $0.435/$0.46. From the past DNA this counter normally has a Big Pullback after a big upward movement.

I added my GUH today at $1.03/$1.04, should be breaking its previous high of $1.14 to my estimated targets.

Start to lock in profits on MUHIBAH today after it failed to clear $2.50. Luckily I wasn’t caught with the false breakout by scaling in.

Happy Trading..

sephiroth, many thnaks and you are right, just broke $1.41..Congratulation to you again !!

Happy Trading..

re enter TAS at $1.23...Look like support of $1.20 holding well..Will cut losses below $1.20.

Happy trading..

jacky187,
SBCorp—It is starting stage 2 of the cycle, very Bullish. Broke out from the round bottom on 10/01 with volume given its immediate Tp of $1.50. It Gap Up yesterday and the possibility of forming a Breakaway gap indicating more Bullish uptrend movement in the future. Due to recent sharp rise some consolidation is expected and any pull back should find immediate support at the Gap Support of of $1.39/$1.38,strong support is at $1.33(Resistance turns support). Any weakness offer opportunity to collect for future play.

Happy trading..

15th January
# Pyramid: When I mentioned “Scale In” I mean building a risk control pyramid. More shares are added on if a share moved in an expected direction. But the new amount MUST always be smaller than actual initial position.
For Example :GHLSYS, first position in at $0.71 say 40,000 shares. The next position when it break my first TP of $0.79, I added about 20,000 which is about 50% of the initial shares and my cost increased to $0.73. During this time I also increase my trailing stop to protect my capitals or any profits. The next round if I add, it will be 10,000 share the most to build the pyramid. But my trading pattern is starting to lock in profits at around TP2 and may buy back during the pull back like TAS now.
Avoid building ‘Inverted Pyramid’ ( during the Huh Hah time when you are so proud(EGO) that you are right on a particular stock that you bought it went the way you expected and feel at the top of the world, control your (GREED) when your TP is much higher) if not you will end up investing more money on the top than the base of the pyramid. A small decliner near the top will wipe out all your profits. For those naïve traders thinking and praying it will go up again(HOPE) it may end up losing more originated from a winning position , when it realized it is not going up again any rebound they just sell to limit their losses(FEAR) #

MUHIBAH-- Av Price=$2.35( Closing=$2.48, P&L=+5.5%), Trailing Stop=$2.44. Risk= 0%. Tp1=$2.48, TP 2=2.57, Tp3=$2.72. (Exp. Trading Range $2.37 to $2.48).
Note :Breakout from the Rectangle Trading but lack volumes, hence lack convincing. I did not “scale in” because I am worried it could be a false breakout or a bull trap to catch traders like me. The upward momentum has increased with a rising window ($2.45/$2.44 now act as Gap Support) today and 4 white candles past 4 days imply the Bullish trend should continue.It needs more volume to move to TP2 of $2.57 and I have raised my Trailing Stop to $2.44 to protect my profits and capital.

I am monitoring FRB, ENGTEX,TAS may re enter if $1.20 holds and EUROSP( as suggested by sephiroth but very low volume counter).

Happy Trading.

profitMan, that is what i thought too. As a TA we are not suppose to worry all those conversion etc. But your suggestions to look at TA of mother shares is a very good suggestion. I am very thankful to you, sephiroth and tonylim to offer all those valuable points about warrant to me.
I am indebted to you all.
Thanks and hope you have an wonderful and profitable 2014..

Happy trading !!

tonylim, thanks for the information on warrants. I think I better stay clear of warrants as chart reading already took out a lot of my time to find winners. January 2014 seems to be kind to many traders including myself. I am very happy with winning on PERISAI and TAS.. Also, my PERDANA,GHLSYS are doing well, if MUHIBAH is not a false breakout then I may be able to lock in more profits this month.

Happy Trading and hope you have a good January as well.

Bravo sephiroth, Your FA analysis is very good and I am glad to hear you made such a Big returns on PJD warrants. Last week i was asked to buy Genting WA at about $2.80++, i dint buy because i cannot understand how it works. Few of them made some money selling above $3.00.
I asked about MPHBCAP because I think it may issue a BUY signal very soon if support of $1.68 holds.

Happy Trading..

Thanks sephiroth, i never understand how warrant works that is why i never buy warrants.That day you mentioned to me PJD and its warrant i did not buy the warrant because not sure how it works.
So the listing of this warrants is not affecting the mother share right? Also the existing mother share holder like everyone purchase it in the market right?
Thanks again..

Happy Holiday..

sephiroth or anyone that understand warrant, can you explain to me whether this is going to affect the price of MPHBCAP? thanks

MPHBCAP

Offering of up to 50,000,000 European style non-collateralised cash-settled call warrants
over ordinary shares of MPHB Capital Ber
had(“MPHBCAP”) (“MPHBCAPShares”) with
an exercise ratio of 1.5 call warrants : 1 MPHBCAP Share (“Call Warrants”) at an issue
price of RM0.150 per Call Warrant
Issuer and M

INDICATIVE TIMETABLE
Company No. 13491-P
The indicative timing of events leading up to the
listing of and quotation for the Call Warrants on the
Structured Warrants Board of Bursa Securities are as follows:
Tentative dates
Launch of the Call Warrants 13 January 2014
Allotment of the Call Warrants 13 January 2014
Listing of the Call Warrants on the Structured Warrants Board of Bursa Securities 15 January 2014
This timetable is tentative
and is subject to changes.
Note:
The Price Fixing Date for the Call Warrants is 30 December 201

Sephiroth, thanks for informing me those stocks, I really appreciate it. I admire your hard works on your FA analysis of those counters and happy you are making $$$ in picking many winners..I sold my PJD at $1.40 and lock in some small profits thanks to you, but will look at it when it retraces further or breakout from $1.41. Will keep an eye on Eurosp and L&G as well.

City Trader, appreciate your chart reading for those counters too. Just post your reading for me to study too.Look like 2014 January is good to you too.

Tonylim, I have started 2014 with this new thread, anything please post it here.

Happy Holiday !!

Thanks sephiroth...wow..L&G just broke out from $0.48 with volume..
Very Bullish..

I am kind of frustrated with MUHIBAH breakout from the Rectangle but lack of volume..

Have a nice holiday..

Thanks Yoda88, still GUNUNG need to break $0.93 with volume to be out of the Triangle...

Muhibah hit top of Rectangle $2.48 but still cant breakout..

Happy Trading..

13th JAN-Weekly Summary
1)GHLYSYS-- Av Price=$0.73 after scale In( Closing=$0.825, P&L=+9.5%), Trailing Stop=$0.74. Risk= 0%. Tp1=$0.79, TP 2=0.845/$0.855, TP3=$0.91 & beyond. (Exp Trading Range $0.785--$0.845).
Note :GHLSYS hit my first target and now moving towards TP2 of $0.845/$0.855, a break above with volume may take it back to its previous high of $0.91 & beyond.I will be starting to lock in profits around TP 2. Any consolidation offer opportunity to collect for future play.

2)GUH-- Av Price=$1.07( Closing=$1.06, P&L=-0.93%), Trailing Stop=$0.975. Risk= -8.8%. Tp1=$1.20/$1.25, TP 2=$1.32. (Exp Trading Range $1.03 to $1.14).
Note : GUH looks good to start stage 2 of the cycle if it could close above $1.10. Any weakness is a good opportunity to collect for future play. It is under consolidation with reduce volume, which is healthy.

3)GUNUNG-- Av Price=$0.88( Closing=$0.905, P&L=+2.85 %), Trailing Stop=$0.82. Risk= -6.8%. Tp1=$0.93, TP 2=$0.995. (Exp Trading Range $0.855 to $0.93).
Note :Symmetrical Triangle with a high percentage of breaking out from the Triangle. A break above $0.93 with volume confirmed breakout which I may scale in more shares.Any weakness offer opportunity to collect for future play.

4)MUHIBAH-- Av Price=$2.35( Closing=$2.44, P&L=+3.82%), Trailing Stop=$2.28. Risk= -3%. Tp1=$2.48, TP 2=2.57. (Exp. Trading Range $2.37 to $2.48).
Note : Rectangle trading range of $2.26 to $2.48. Upward momentum has increased, 3 White candles for the past 3 days imply the steady upward movement is Bullish. The BIG question is can it break $2.48 this time? If break $2.48 I will definitely scale in more shares since the upward momentum has increased. I have raised my Stop Loss to $2.28 and reduce my Risk to 3%.

5)PERDANA-- Av Price=$1.59( Closing=$1.71, P&L= +7.5%), Trailing Stop=$1.61. Risk= 0%. Tp1=$1.70. TP 2=1.83. (Exp. Trading Range $1.52 to $1.61).
Note: As suggested, hit my TP1 of $1.70,separating Line occurred imply more upward movement , it is expected to move higher to my TP2 of $1.83. Immediate resistance is at $1.76. Any weakness is an opportunity to collect for future play. I have raised my Trailing Stop to $1.61 to protect my capitals.

6)TDM-- Av Price=$0.96 ( Closing=$0.955, P&L= -0.5%), Trailing Stop=$0.935. Risk= 2.6%. Tp1=$1.03/$1.05. TP 2=?. (Exp. Trading Range $0.935 to $0.97).
Note :It has formed a Descending Triangle pattern( which has a bearish implication) with neckline at $0.94.Unless it can break above $0.98 with volume a break below $0.935 spells trouble.I have raised my Trailing Stop to $0.935 to reduce my risk.

Sold my :
1) TAS at an average cost of $1.28 (Bought at av of $1.12) given me 14% profits.
2)PJD at an average cost of $1.395(Bought at av of $1.34)given me 4% profits( many thanks to sephiroth who highlight this stock to me).

I am monitoring :

1)FRB—Breakout from the downtrend line with rising window and increase volume. Bullish uptrend is expected to continue.
2)TAS—may re enter if support of $1.20 holds.

Happy Trading…

Ulutrader, Thanks and hopefully January is as good to you too.

HEVEA—After hitting high of $1.45 it consolidated to the low of $1.08 on 06/01. Due to that big pullback (Lots of traders must have been shaken out) the stock has turned bearish in the near term. It is expected to trade between $1.08 to $1.20.The downward momentum has reduced,it formed a Doji Star on 09/01( at the bottom) imply maybe some rebound is near if it can break above $1.16.Strong resistance is at $1.25/$1.30. Unless previous high of $1.45 is taken out Hevea could be in stage 3 of the cycle and price can be volatile. EXIT if $1.08 is violated that mean it is starting stage 4 of the cycle.

Happy Trading…

sephiroth, OIC..you are right PJD-WC perform better than mother share.I see you are doing really well in 2014, my congratulation to you. I may clear PJD as it tested $1.41 twice, but failed to clear it.Also it shows some price/RSI bearish divergence maybe some consolidation is on the way.

I sold all my Perisai earlier at $1.64 and very happy with the returns.I also sold 80% of my TAS, now waiting to lock in profits for my PERDANA. Just broke my first TP of $1.70.

I collected GUNUNG today at an average cost of $0.88.

Happy Trading..

sephiroth, you also in GHYSYS kah? Why it is call beans?
Are you in PERDANA as well?

Happy trading..

City trader, you are in GHYSYS as well? Good..To reach the previous high of $0.91 it needs much bigger volume than now to clear those overhang. Hopefully the present momentum can push it to my next TP of $0.845.

PERDANA just breached $1.70, if crossed $1.76 should reach my next TP of $1.83 soon.

Happy Trading..

GHLSYS breached $0.79( I scale in another 25% of shares)and it is expected to move to $0.83/$0.845 (My TP2)in near term....

Happy Trading..

Very happy with the performance of GUNUNG after the Price and RSI have formed Bullish Divergence lately.If break above 0.93 (breakout from its Down trend line and also Symmetrical Triangle ) I will scale in more shares..

Happy trading..

Carson—CAELY—Continue stage 2 of the cycle, very Bullish. It broke out from Rectangle Trading of $0.415 to $0.475 yesterday with volume signal BUY. Immediate target is at $0.535 if break TP2=$0.60. Any weakness should find support at $0.49 and strong support at $0.475(Resistance turns support after the breakout).

profitMan,Congratulation !! As i always said Trade Well be disciplined the $$$ will come. Every stock when move up like Engtex will need to take a breather to charge again..

Happy Trading..

sephiroth, thanks for highlighting potential winners to me really appreciated it. At the moment I am locking in profits on those mid cap oil & gas sectors. Perdana looks good to break $1.70 soon.PERISAI and TAS has been good for me so far. GHLSYS just hit my TP1 of $0.79, if break will test $0.845 soon.

POHUAT is definitely doing very well, but I keep my Maximum stocks to 7 to avoid over trading . I may start to clear some un performance stocks like TDM, MUHIBAH (Still cant breakout from its Rectangle Trading)

I will scale in more PJD if $1.41 is taken out with volumes.

Happy Trading..

Sephiroth, A&M stage 2 of the cycle and very bullish.Today break out from Round Bottom at $1.07 signal BUY with TP of $1.26. Immediate Resistance is at $1.20 (inverted hammer (Spinning Top) formed on 19/06). Due to the heavy over hangs on a $1.20/$1.26 A&M needs some Big Volumes to breached through those resistances. A break above $1.26 it is entering into uncharted territory.
Good one sephiroth, too bad i am trading on my maximum stock if not will join you again.

I may clear PJD if $1.41 could not be taken out..

Happy Trading..

Choe, WILLOW—Stage2 of the cycle, very Bullish. Breakout from $0.74 (Inverted hammer formed on 24/12 implies some consolidation, which it did) with volume yesterday signal BUY, now into uncharted territory. Estimated target are TP1=$0.83, TP2=$0.96/$1.00. Congratulation choe, you are on a winner. Do set a Trailing Stop to protect profits.

As suggested yesterday, bought in some GUNUNG this morning..Scale in more TAS at $1.25..PERDANA is hitting my TP1 of $1.70.

Happy Trading !!

ulutrader, no reason really. Censof wasn't in my watch list then. GHLSYS issued a Buy signal on27/12 after finding the new bottom at $0.665 on 26/12 (Closed with a Hammer that day indicates a price reversal). I also limit my maximum stocks holding to 7 stocks so that I can concentrate on each of them and to avoid over trading. A mistake I paid dearly last time when Greed creep in.

To be frank Supermx and Engtex were issuing a BUY signal, but I also did not buy and they move up as expected. We can't win all and I believe Discipline, proper plan and Risk Management are the correct tools for us to make $$$ in this stock market.

I am happy you are making in Censof, my congratulation.

Happy Trading..

10th Jan

# When you trade, the easiest way to lose money is to fall in love with a particular stock. #

1)GHLYSYS-- Av Price=$0.717( Closing=$0.78, P&L=+8.7 %), Trailing Stop=$0.70. Risk= -2.3%. Tp1=$0.79, TP 2=0.845. (Exp Trading Range $0.75 to $0.81).
Note : Today formed a Doji that is indecision and normally signal price reversal.But because the Price and RSI formed Bullish Divergence imply very strong undertone it is most likely to break $0.79 (My TP1) to scale higher. I may scale in more shares if $0.79 is taken out as it is expected to move towards $0.83/$0.845 in the near term.

I am looking at GUNUNG which I traded earlier in Oct 2013 and disposed of on Nov 2013 & made some profits at $0.98. The Price and RSI have formed Bullish Divergence indicating some accumulation is going on, I may start to collect it for future play. Stop Loss if $0.82 is violated.

I also like MPHBCAP, it is most likely to challenge the Rectangle trading of $1.68 to $1.78 soon, a break above $1.78 will take it to the next TP of $1.88 and beyond.

I may clear my PJDev if it can't clear $1.41 soon to protect my capitals.The upward momentum has slowed down and price and RSI formed Bearish Divergence indicating weak undertone.

ProfitMan, Bravo & Congratulation and hope you ride on your profit on Engtex and Brakash and I am so happy for you. I still hold 40% of TAS (I locked in profits on 60% already at av of $1.273 buying at $1.13 giving me 12.6% profits so far), I may still scale in more shares since $1.24 is holding well & I am sure it will at least get to my next TP of $1.34 & beyond.

Happy Trading…

ulutrader, I had traded Digista before last year when it broke $0.32 in Sept 2013 and cut my losses when it broke below $0.32 on 27/09/2013. Wow, i never realize it actually went all the way down to $0.225 after that.
Chart wise it may have found a new bottom at $0.225 on 26/11 and the breakout on 06/01/2014 confirm it is on stage 2 of the new cycle. Tp1 is at $0.32 and TP2 is at $0.355.
Any consolidation will find support at $0.275/$0.26.& very strong support is at $0.25.

Happy Trading..

Thanks sephiroth, Sapres breakout today with volume..very Bullish.

Muhibah still cant get out of its rectangle trading..

Happy Trading !!

Now the question is can Muhibah breakout from its Rectangle Trading of $2.48 ??
I may scale in more shares if it happen..

Happy trading !!

Tessa Joseph, what happen last night sampai sleepy now?

profitMan, ya Engtex is definitely on the way up..Congratulation !!
That is the right way to trade scale in during uptrend and try to ride on the profits as long as you can. Remember to put a trailing stop to protect your profits..You are a good trader profitman!

Bye chat with you maybe later in the evening..

Happy Trading..

Janicelove, Chart for:

EAH—Found new bottom at $0.11 and breakout from the consolidation on 29/10 to start stage 2 of the cycle. It went to the high of $0.225 on 02/12 and formed a Doji on top that day indicates a temporary top. Unless the Doji at $0.225 can be taken out to carry on its stage 2 up cycle it is most likely to enter stage 3 distribution stage trading between $0.185 to $0.225. A break above $0.225 with volume will take it to its next TP of $0.265/$0.28. Strong support at $0.17. Exit if $0.17 is violated.

faberlicious, congratulation for picking another winner in Cenbond. Hope 2014 will bring in more winners for you…

Need to run, something on in KL..C u all maybe later today.

Happy Trading..

You are welcome Muhammad...

Remember chart is only a guide,not 100%.
Do have your own trading plan and know what to do when a trade go against you.
The least pain is a small loss and don"t ever end up as an involuntary investor for any stock..

Happy Trading !!

9th Jan

# Candlesticks—The price reversal pattern does not predict the duration, or magnitude of a price move.They simply alert chartist to a potential change in the direction of price. Candlestick from the daily chart is more suitable for short term trading. For longer term investor may need to use the weekly chart.#

1)GHLYSYS-- Av Price=$0.717( Closing=$0.775, P&L=+8%), Trailing Stop=$0.70. Risk= -2.3%. Tp1=$0.79, TP 2=0.845. (Exp Trading Range $0.75 to $0.81).
Note : Today it almost hit my TP1 of $0.79, it went to the high of $0.785 which is close enough. It is expected to break above $0.79 and move towards $0.83/$0.845 in the near term.Even though it is still on technical rebound stage, but as mentioned in my 07/01 posting that Price and RSI formed Bullish Divergence imply very strong undertone. I may scale in more shares if $0.79 is taken out or buy on any weakness.

2)GUH-- Av Price=$1.07(Closing=$1.09, P&L=+1.87 %), Trailing Stop=$0.975. Risk= -8.8%. Tp1=$1.20/$1.25, TP 2=$1.32. (Exp Trading Range $1.04 to $1.14).
Note :Bought in this counter after carson highlight it to me. GUH looks good to start stage 2 of the cycle if it could close above $1.10. Any weakness is a good opportunity to collect for future play. It gap up with volume today,3 white candles for the past 3 days imply Bullish uptrend.

Today sold my PERISAI at av price of $1.64 given me average +11% profits.Also cleared another 20% of TAS at $1.30 leaving another 40% of shares. May re-enters TAS if support of $1.24/$1.20 holds as the uptrend is very much intact.

Happy Trading…

carson, thanks to you i bought in GUH today after clearing my Perisai.

Ulutrader, it is important to trade with a plan, especially the Exit Plan because more often than we thought the counter we bought goes against us after we bought.

Happy Trading.

leonardtam7-Welcome to this thread.
SUPERLN—Broke out from the” Double Bottom” with volume imply Bullish Upward movement towards its estimated TP1=$0. 68, TP2=$0. 80 is on the way. It went to the high of $0.65 2 days ago before closing with an “inverted Hammer” at the top, implying it may hit its temporary top and some consolidation could be expected in the near term. Immediate support is adjusted to the Gap support at $0.61/$0.595 (Rising window formed on 03/01) with stronger support at $0.56/$0.535. Any pull back offers opportunity to collect for future play. Exit if $0.52 is violated.

Jevi, Steve Nison is the first westerner to bring the Japanese candlestick to the west. He is considered a Guru of Candlesticks in the west. I cannot comment on his book as I have not read it. I am sure his book must be one of best in candlesticks around. Just a word of reminder, jevi Candlestick tell us “quite” precisely when there is a price reversal, but the limitation it can't tell us how high the price will go and for how long.

Escape, you are most welcome and hopefully after you pick up TA we can exchange our views here.

Ulutrader—Dsonic After the Share split it is at stage 1 of the cycle (Only 2 weeks data hard to give a good chart reading). Sideways trading between $2.00 to $2.40. Traders will buy near $2.00 and sell when it is about $2.40. Whether it is the right time to go in or not you need to make that decision because whether $2.000 is the confirmed new bottom no one knows as it hasn’t been tested yet. If you do go in remember to set your “Stop Loss” below $2.00. Say if you buy at $2.06, your risk is 7 cents (If cut loss at $1.99) which is about 3.3% of your purchase price. For me that is a low risk counter if you are disciplined enough to cut losses.

Happy Trading…

sephiroth, thanks for sharing your stock profiles.

Jevi you are welcome, hope CBIP will bring you more $$$.
Escape, welcome to this thread.

There are many TA books in the book store and i like candlesticks & believe it or not I still find “ The Japanese candlesticks charting Technique” by Fred Tam relevant, I got it in 2003. Martin J Pring book is good for Technical Analysis. Mark Minetvini “Trade Like Market Wizard” thought me a lot too.So it all depends whether you are a Position trader like me, but I am sure you will find what you need in our local bookstores.

Happy trading…

Carson, Chart Reading for GUH.

Don”t know what happen on 11/11 it dropped from $1.60 to $1.10 , share split or bonus issues?
Anyway it is at the stage 1 of the cycle what we refer as ‘Accumulation stage “ trading sideways from $0.93 to $1.10. Today it opens with a Rising window and break above $1.10 with volume signal may be starting stage 2 of the cycle ( It needs to close above $1.10 to confirm stage 2 of the cycle). This is a good sign indicating more upward movement in the near term.Immediate target is at $1.20 with TP2 at $1.27/$1.30. I will definitely put GUH into my watch list and thanks for highlighting this stock to me.

sephiroth,MPHBCAP if break $1.78 can really move since it has consolidated for so long. I bought in some GUH because chart wise it is starting stage 2 of the cycle. Since i sold quite a bit of stocks last 2 days.

Happy Trading

sephiroth, ya 20014 started pretty well for me. I also monitor MFCB when you mentioned to me earlier, but because i am trading at my Maximum of 7 stocks so I would like to congratulate you for picking another winner. After I cleared some more stocks then I will look at other stocks again. I also missed Supermx knowing it will break the Ascending Triangle at $2.85 and move upwards. It is OK to miss some because I do not want to be greedy and over trade.
Are you still holding MPHBCAP? It almost issued a short-term “Buy” signal yesterday but could”t break $1.73.

Happy Trading..

Choe—I used a simple 4 stage cycles for any stock but those that understood Elliot Waves may not agree with my analysis. I admired those that can interpret Elliot wave but I find it really confusing at times. This is my opinion only because I believe in simplicity in TA, using too many indicators can be confusing too.

Stage 1—Accumulation, normally sideways movement til a Breakout with volumes indicates it is starting stage 2.
Stage 2—Where I will start buying and scale in shares and try to ride the upward as long as possible.
Stage 3—Distribution stage price can be volatile and not for the faint hearted. I trade here sometimes when I can be on my computer full time. Lots of stocks now are at stage 3.
Stage 4—Avoid for all costs. Those that try bottom fishing get into the Cheap trap I mentioned.

If you look at any stock chart either daily or weekly u can spot the pattern is like a Sine wave..A whole cycle can last for months or year.

Hope this helps..

Carson, will look into GUH for you later as I am disposing my Perisai as it hits my first TP of $1.65.
Happy Trading

8Th January

# I am convinced Risk management is the Key To Success in this Stock Market #

1)PERDANA-- Av Price=$1.59( Closing=$1.64, P&L= +3.14%), Trailing Stop=$1.50. Risk= 6%. Tp1=$1.70. TP 2=1.83. (Exp. Trading Range $1.60 to $1.70).
Note: Steady upward movement and any weakness offer opportunity to collect for future play.

2)TAS-- Av Price=$1.12 ( Closing=$1.28, P&L= +14.3%), Trailing Stop=$1.20. Risk= 0%. Tp1=$1.26.
TP 2=1.34/$1.40. (Exp. Trading Range $1.20 to $1.34).
Note : Hit my first Tp of $1.26 and sold 40% to lock in my profits.Any weakness may find immediate support at $1.26/$1.20 offer opportunity to collect for future play. I have increased my Trailing Stop to $1.20 to protect my profits for the remaining 60%.

P/S CityTrader, I am a position trader so I don’t normally hold stocks too long, whenever there is an opportunity I will lock in profits. You know what we can always re enter if the price is right again..


Happy Trading….

profitMan, good one on Engtex,I was monitoring it but I need to keep my discipline not to over trade unless I can clear some not moving stocks. I am happy you also owned TAS.

CityTrader, very good TA on Elliot Wave is it? Can never understand it properly so I used my simple 4 stage cycle. Now breakout from $1.26 my next target is $1.34/$1.40. Will be very happy to clear my remaining 60% when hit that target.

Happy Trading !!

TAS--Hit my first TP of $1.26, sold 40% to lock in rpofits. 2014 witha good start !!

PERISAI--may break $1.60 soon.

Happy Trading !!

Pathew, congratulation for picking some winners in Property stocks. When many of us try to avoid property stocks due to the overall property outlook for 2014 is not that optimistic.

MATRIX ( ha ha, maybe I should buy this stock)—Stage 2 of the cycle very Bullish. Consolidation could be over after hitting low at $3.31 from $3.93 lately. Lots of traders would have been shaken out by that big correction that few days. It is rebounding towards its previous high of $3.93. A break above $3.93 with volumes take it to new uncharted territory with an estimated target of $4.50. Any weakness should find support at $3.70/$3.60. A first sign of weakness if $3.60 is violated and exit if $3.30 is violated.

Choe—there are many TA books in our bookstores. The TA I like and used the most is candlesticks, the candlesticks are very useful to spot trends reversal. The limitation is they cannot tell you how high it will move and for how long.

Happy Trading.

Ulutrader, Muhammad Jamaluddin &choe, welcome to this thread. We are here to learn from each other and share our experiences.

These are the charts reading for:

1)CENSORF—I traded this counter in late Oct & early Nov last year and made some good profits in it. The consolidation looks over after hitting a low of $0.50 with the formation of a Doji on 24/12. It is moving upward steadily and any weakness should find support at $0.545/$0.535.Immediate resistance at $0.57/$0.58 and strong resistance at $0.60. A break above $0.60 with volumes may take it to $0.645 and its previous high of $0.67 . Exit if $0.50 is violated.

2)DAYA—Sideways rectangle trading of $0.365 to $0.41. Unless it could break above $00.41 with volume it is most likely to stay in the rectangle. On sideways movement traders normally buy near the support and sell when it is near resistance of $0.41. Exit if $0.355 is violated.

3)MQTech—Very Bearish and could be starting a new cycle if $0.115 is the new bottom. During stage 1 what we call “Accumulation”stage counter tends to move sideways from $0.115 to $0.14.A break above $0.14 may take it to its Downtrend line resistance of $0.165. Unless this level is taking out with volume to signal stage 2 formation (When traders will come in) , it is expected to trade sideways. Exit if $0.115 is violated.

4)MWOG---It is a new counter with little records to give a good chart reading.For what I can see from this short period, it forms a Flag Pole now consolidating inside the pennant. A breakout from the pennant ( at $4.10 with volume) will continue its uptrend movement.

5)ASIAPAC—Stage 2 of the cycle very Bullish after it broke out from $0.16 with volumes lately,immediate TP at $0.20. Any consolidation should find support at $0.17 and strong support at $0.16.(Any consolidation offer buying opportunities for future play).Immediate resistance is at $0.185.This is a winner as setting new high all the time.

6)Choe, welcome to the TA world. I am sure once you learnt more you will find it to be really useful as a guide for entry and exit.The indicators you mentioned especially Moving Av and MACD even though is useful but they are lagging indicators that actually tell you things that happened. RSI is useful if you use it to find patterns which may not show in the stock price pattern and of course the Bullish & Bearish divergence. Don”t forget the most important indicator that is “Volume”. The ability to read volume signal accurately will be the most valuable tool in your TA analysis.volume is the only indicator that is NOT derivatives of prices.

7)KSL--- Stage 2 of the cycle very Bullish after it broke out from $2.25 with volume and hit its immediate TP of $2.53 yesterday. ( TP=(2.25-$1.97)+$2.25=$2.53). from the weekly chart medium term TP= $2.700/$2.83 by calculation.Any consolidation should find support at $2.38/$2.31,strong support is at $2.25(Breakout level turn support).

pathew—It is always nice to hear from you. Hope you have an wonderful 2014 as well.

Happy Trading….

7Th January

Only 3 counters need to be updated:
1)GHLYSYS-- Av Price=$0.717( Closing=$0.745, P&L=+3.9%), Trailing Stop=$0.70. Risk= -2.3%. Tp1=$0.79, TP 2=0.845. (Exp Trading Range $0.715 to $0.76).
Note : Steady rebound for short term, Price and RSI formed a Bullish Divergence imply counter should move higher soon, accumulate on any weakness for future play. I have raised my Stop Loss to $0.70 hence reducing my Risk to 2.3%. It is expected to test TP1 of $0.79 in the near term. A break above $0.79 signal Buy I may scale in more shares.

2) PERISAI-- Av Price=$1.48( Closing=$1.59, P&L= +7.4%), Trailing Stop=$1.50. Risk= 0 %. Tp1=$1.65/$1.70. TP 2=?. (Exp. Trading Range $1.52 to $1.60).
Note: The upward movement for short and medium-term is intact. It is expected to test $1.60 and a break above will take it the TP of $1.65/$1.70. The only problem is the upward momentum has slowed down so I may clear to lock in profits if $1.60 could not be broken soon.

3) TDM-- Av Price=$0.96 ( Closing=$0.96, P&L= 0 %), Trailing Stop=$0.93. Risk= 3.1%. Tp1=$$0.99/$1.00. TP 2=$1.05. (Exp. Trading Range $0.935 to $0.97).
Note: A separating Line occurred today indicating upward movement should continue, more rebound is expected, most likely to close the Fallen Gap of $0.99/$1.00 formed on 29/11.A break above $1.00 signal BUY I may scale in more shares.
I have raised my trailing stop to $0.93 reducing my Risk to 3.1%.

CityTrader-- It is nice to hear from you again..It is Vice Versa. I am learning from you too.Hope you can do better in 2014 than 2013..

Happy Trading !!

Carson, Happy New year to you and welcome to this thread.

GADANG—Since you mentioned “Outlook” for 2014 I presume you are an investor not a short term trader like me. Chartwise short and medium term is very bullish and at Stage 2 of the cycle. From the weekly chart (medium Term) it has broken out from the ‘Inverted Head & Shoulder” pattern and has a TP of $1.40/$1.47.
For the short term, 2 rising windows (including today) for the past 9 days imply Bullish sentiment. The gap formed today at $1.05/$1.03 has acted as a strong Gap support under any consolidation (Good time to accumulate during consolidation).A break above $1.08 (Strong Resistance) with volume will take it to its immediate short term TP of $1.18/$1.20. Stop Loss if $1.00 is violated.

Connie, congratulation on your improvement of TA, but remember TA is only a guide. I used TA more for entry and exit.

profitMan, thanks for the FA & TA analysis of Huayang. Hope it will bring $$$ to you..

My only property stock is PJDEV recommended by sephiroth lately. Sephiroth has been picking many winners based on his FA analysis lately whom I admired.. Ya, sephiroth, PJDev looks like heading north but needs to break $1.41 first.

Happy Trading..