Thanks kukuman...i only stay at Northern Thailand.
Love the weather here..

Thanks everyone..Just flew in Northern Thailand today...
Enjoy the cool weather this time of the year.
Oh ya...did my Angkor Wat 1/2 Marathon..
It was a beautiful run n happy to be able to contribute
to the charitable course..
Still no access to my charts..

Happy Trading..

Thanks everyone for your good wishes !!

29th NOV

1) FITTERS— Broke out from the Down trend Channel on 30/10 with volumes & it has an estimated TP of $0.835/$0.85 by calculation. A break above $0.77( Signal BUY) to try next resistance at $0.79/$0.80. Any downward movement should find immediate support at $0.745 with strong support at $0.72.Stop Loss if $0.72 is violated.

2) MPHBCAP- As suggested it trades between $1.72 to $1.78.This the 3rd attempt but yet to break out from its previous high of $1.78. It still lacks volumes to break $1.78 convincingly. Today it closed with a Big White Candle which is very Bullish. A break above $1.78 (Signal BUY) will enter uncharted territory, immediate TP is estimated to be $1.87/$1.90 and final TP at $2.00..I have adjusted my Stop Loss Level to $1.66 to provide more leeway for this stock.

3) PERISAI— As suggested it moved lower today after the Doji formed on top at $1.52 on 26/11. Today closed below the breakout level of $1.47 shows lot of weakness and also means the earlier breakout is considered invalid. Immediate resistance adjusts to $1.47, unless it could closed above $1.47 I will clear my stock on any rebounds to protect my capitals.Today form a Big Black Candle which is very Bearish and more downward movement can be expected. Stop Loss if $1.43 is violated.

4) PRTASCO— As suggested after yesterday Gravestone Doji it continue its downward movement. Expects tight trading ranges of $1.37 to $1.41. Immediate resistance adjusts to $1.43/$1.45. Due to its erratic behavior I may clear on any opportunities to protect my capitals. Stop Loss if $1.36 is violated

5) TAS—As suggested it tested its strong resistance at $1.14 but failed to close above it. Formed a “Spinning Top” today indicates some consolidation may be near and any retracement towards the immediate support of $1.10/$1.07 may offer opportunity to collect for future play. Strong support is at $1.02/$1.00. A break above $1.14 with volumes signal BUY confirms it break out from the Bullish Flag Pattern and has an immediate TP of $1.34 with strong resistance at $1.26 (Previous High). Stop Loss if $0.99 is violated.

6) TDM— Trading inside the Bullish Pennant of $0.98 to $1.04.Formed a Black Candle today may try the support of $0.99/$0.98. A break above the pennant at $1.04 signal BUY and it will move to immediate resistance of $1.09 and immediate TP of $1.15. I have further increased my Trailing Stop to $0.95 to protect my capitals.

Today I cleared 20% of MPHBCAP at $1.78 and 50% of TAS at $1.14 to lock in profits.

I will be away for my year end holiday for about 1 month, so I am not monitoring any stocks at the moment. I will try to update my thread whenever I have the opportunity to use the internet.

Happy Trading..

connie, I hurt my knee ligament a few days back..so I may not be able to complete the 21K. Just went to see a doctor and get some pain killers. So I will take it easy this time, more on holiday with the family..On the run day will give moral support to my wife and friends who join me from Sabah..

Ooohh..I see you are a good cook. Lucky for your love ones. Ya, I cook once or twice a week for my family, I enjoy it !!

Hope you all can make $$$ while I was away, I cant guarantee but I will try my best to update my stocks whenever I am near to internet. Managed to lock in some profits on MPHBCAP at $1.78… Also cleared 50% of TAS at $1.14, not bad yesterday in $1.04 today out at $1.14…

HAPPY TRADING…

Lawrance Lai, I think everyone is in the holiday mood now !!

faberlicious, congratulation on picking another winner. Well Done my friend..Dont forget to make the paper $$$ into real Cash !!
Latitude—I remember I told you it broke out from the round bottom should have an immediate TP of $1.63 (Refer to my earlier post). The Gap support is at $1.35/$1.40 and strong resistance is at $1.59 (Gap Resistance).

I am busy packing and buying stuffs for my year end holiday because of the very early flight tomorrow..Also promised to roast chicken for the family tonight..Hopefully can find sometime tonight to update my stocks..

Happy Trading..

28th NOV

1) FITTERS— Broke out from the Down trend Channel on 30/10 with volumes & it has an estimated TP of $0.835/$0.85 by calculation. Tight trading range but managed to stay above $0.745 for 3 sessions which is a good sign. A break above $0.76 will take it to next resistance at $0.78/$0.80. Formed a black candle today and any downward movement should find immediate support at $0.74 with strong support at $0.72.Stop Loss if $0.72 is violated.

2) MPHBCAP- MPHBCAP broke above the Bullish Flag pattern at $1.73 and moved to its previous high of $1.78.Today it retested the Breakout level of $1.73 and holds. It is expected to trade between $1.72 to $1.78. I bought in another 25% of the shares at an Average cost of $1.74, ( my average cost has increased to $1.71). Failure to clear resistance of $1.78 is a major disappointment today. Unless it could break above $1.78 with volumes it could be entering stage 3 of the cycle distributing between $1.66 to $1.78. I may start to clear my shares if $1.78 could not be taken out after the consolidation.A break above $1.78 (Signal BUY) will enter uncharted territory, immediate TP is estimated to be $1.87 and final TP at $2.00. I have adjusted my Stop Loss Level to $1.68 to provide more leeway for this stock.

3) PERISAI— It completed the Cup and Handle Pattern which is very Bullish, it has an immediate TP of $1.68/$1.70. Today formed a Black candle after yesterday Doji, more downward movement to immediate support of $1.47 (Resistance turn support) is expected. Immediate resistance adjusts to $1.52.First sign of weakness if $1.47 is violated to next support of $1.45. Exit if $1.43 is violated.

4) PRTASCO— More consolidation could be expected between $1.37 to $1.43. Formed a Gravestone Doji ( Normally is bearish) today inside yesterday candle body that could be a Bullish Harami, A trend reversal? If it can close above $1.41 tomorrow more upward movement could be expected. If not most likely to continue its downward movement. Unless it could close above $1.41 due to its erratic behavior I may clear on any opportunities to protect my capitals. Stop Loss if $1.36 is violated

5) TAS—Thanks to CityTrader analysis of TAS I re entered TAS at $1.04 today. Tas may have found a new bottom at $1.00 ( I was wrong to formed an opinion that $1.02 was the new bottom after it formed a Bullish harami on 21/11. Because of my opinion I made mistake to set the Stop Loss immediately below $1.02 without giving any leeway, I am learning everyday). It rebounds today to the high of $1.10 and formed an “Engulfing Bull” which is very Bullish so it is expected to test next strong resistance at $1.14. A break above $1.14 with volumes signal BUY( I may scale in more shares) confirms it break out from the Bullish Flag Pattern and has an immediate TP of $1.34 with strong resistance at $1.26 (Previous High). Immediate support is adjusted to $1.07/$1.04. Exit if $0.96 is violated. ( Given a 7% Stop Loss).

6) TDM— Trading inside the Bullish Pennant of $0.98 to $1.04. A break above the pennant at $1.04 it will move to immediate resistance of $1.09 and immediate TP of $1.15. I cleared 30% of my shares to lock in profits at $1.03 today. Immediate support adjusts to $1.00/$0.995, strong support is at $0.975/$0.96. I have increased my Trailing Stop to $0.95 to protect my capitals.

I am monitoring GADANG (May collect near support of $1.00/$0.99), ENGTEX chart wise the downward momentum has slowed down.

Happy Trading..

Lawrance Lai, thanks for sharing your portfolio. Best of lucks on your Pesona.

MarcusKing, welcome to this thread. I also made a mistake on TAS because I was so convinced (and formed an opinion) that $1.02 is the new bottom that I set the stop loss below $1.02.Normally I will allow 5-7% loss for the stock to maneuver a bit more.
Thanks to CityTrader, I re enter at $1.04 again. Now if TAS break $1.14 it will break out from its Bullish Flag.

Happy Trading..

connie, it is always nice to hear from you..You really have a good sense of humour. Thanks again for your kind words but I learnt most of it through earlier mistakes. Now with a plan I am really “ relax” and enjoy trading in the market. Keep my loss at a minimum and try to ride on winners.Keep my chart reading simple I remembered I used to be so confused by all the indicators.

Profitman, thanks to you too. You also help out a lot here in this thread, Appreciate it !

Happy Trading…

LawranceLai, welcome and you are in this thread already. Over here we share our trading experiences , hope you can contribute as well. We also help each other out if you have anything to ask we are more than happy to help in our own capability.

profitMan, I am not too familiar with Elliot Wave, but I think you are not far that it is either stage 2 or stage 3. To me I use the simple 4 stages in a cycle : stage 1 (Accumulation),then it break out and form uptrend which is Stage 2 ( I normally only trade at this area), Stage 3 Distribution( Sometime I also trade here price swing can be volatile and normally Buy at Support Sell at Resistance), Stage 4 avoid at all cost !!

For GADANG taking the bottom formed on 28/08 at $0.75 (Stage 1 til 21/10), Stage 2 started when break out on 22/10 with volumes and formed a top at $1.07 on 25/11 which is a very strong resistance because same top was formed on 23/07. If this top is taken out which I suspect it will, it will still in stage 2 of the cycle, if not it should enter stage 3 of the cycle.
For MPHBCAP, the stock will normally re test the breakout level at around 1.75/ $1.73, I collected some at $1.75 and still in the queue to buy more.

Faberlicious, congratulation on your jaycorp..Everyone trade differently but it is dangerous to average down unless you are sure it has started to rebound.

Good Morning Tessa, thanks for bringing cheer to this thread !!
cityTrader, TAS I totally agreed with you the reason I went in (Small quantity) that day after the Bullish hammer I thought it has found the new bottom at $1.02. I was wrong and hopefully $1.00 is the new bottom for TAS. I will definitely enter if that new bottom can be confirmed. As long as you have a Stop Loss level you are OK..Everyone is different I like to keep my Loss around 5-7% the Max.

Happy Trading…

27th NOV

1) FITTERS— Broke out from the Down trend Channel on 30/10 with volumes & it has an estimated TP of $0.835 by calculation. Formed a Doji today indicates indecision. A break above $0.76 will take it to next resistance at $0.77/$0.78. Any downward movement should find immediate support at $0.74 with strong support at $0.72.Stop Loss if $0.72 is violated.

2) MPHBCAP- As suggested MPHBCAP broke above the Bullish Flag pattern at $1.73 with 2x Av Volumes (I scale in another 50% of shares, now my Average cost has increased to $1.70) signal BUY and moved to its previous high of $1.78. With upward momentum increasing it is expected to break above $1.78 and enter uncharted territory, immediate TP is estimated to be $1.87 and final TP at $2.00. Immediate support adjusts to $1.75/$1.73, any weakness towards support is a good time to collect for future play. I have raised my Exit level if $1.72 is violated to protect my capitals.

3) PERISAI—PERISAI completed the Cup and Handle Pattern which is very Bullish, it has an immediate TP of $1.68/$1.70. Today formed a Doji which is indecision, a break above $1.52 should carry on its upward movement to its immediate Resistance at $1.55/$1.58. Immediate support adjusts to $1.49/$1.47. Exit if $1.44 is violated.

4) PRTASCO— The broke out yesterday count for nothing as it closed below the Down Trend line today.Formed a Big Black Candle today which is Bearish. Expect it to trade between $1.37 to $1.45. Unless it could close above $1.42 due to its erratic behavior I may clear on any opportunities to protect my capitals. Stop Loss if $1.36 is violated.

5) TDM— It is still under consolidation with reduced volumes which is a good sign. It is taking the shape of the Bullish pennant pattern, a break above the pennant $1.03 signal BUY ( I may scale in more shares) it will move to its immediate Resistance at $1.05 & TP of $1.15.More consolidation could be expected towards immediate support of $0.995/$0.975, Strong support is at $0.96. Stop Loss if $0.94 is violated.

Today I cleared my TAS at a 4% loss.

I am monitoring GADANG (May collect near support of $1.00/$0.99), ALAM showed some weakness as Price and Volumes form Divergence, upward momentum is slowing down.

Happy Trading..

vivi Yap, thanks for the alert on TAS..

Appreciate it !


Happy Trading..

Sharem, charts for:

1) LBS—It is bearish. Down trend channel,making lower high and lower Low. Any technical rebound will find strong Resistance at $1.70 level.Expect trading ranges of $1.50 to $1.70. Unless it could breakout from the down trend channel with volumes you may want to avoid this counter first. Very important support is at $1.43, if this level is violated confirmed stage 4 of the cycle and it should heads south.

2) SCientx—Very Bullish, stage 2 of the cycle. Formed an Engulfing Bear on 18/11 which is shadowing the upward movement of the stock, the downward momentum has not slowed down yet. It needs to clear this level at $5.70 to further its upward movement to next resistance at $5.80 and the previous high of $5.94.Immediate support adjusts to $5.40/$5.39 and exit if $5.30 is violated.( First sign of weakness if break below this uptrend line).

Sis jenny, you are most welcomed !

Faberlicious, congratulation on your winning stocks. It is not easy to pick winners so I am very happy for you. No, I dint buy Jaycorp, hope it will bring more $$$ to you. I am trading to almost my Max of 7 stocks now.

Happy Trading…

26th NOV

1) FITTERS—Bought in Fitters today at $0.74. I did the chart reading on 08/11 ( Can't remember who requested it) for FITTER with the following: “Broke out from the Down trend Channel on 30/10 with volumes added validity of the breakout. It retested the support at $0.72 on a few occasions but managed to hold. Today it Gap up and hit high of $0.77 (until this time) and some profit taking is evident. The immediate support is adjusted to the Gap support of $0.74/$0.75 with strong support at $0.72. If the breakout is not violated, it has an estimated TP of $0.835 by calculation. Exit if $0.71 is violated”. Today formed a white candle which is bullish and it is expected to try immediate resistance at $0.77 and strong resistance at $0.80.

2) MPHBCAP- Very tight trading range. The good news is The price and RSI Bearish Divergence has been corrected. The support of $1.68 is very resilient and holding well. A rebound is at the corner? A break above $1.73 signal BUY towards the previous high of $1.78 & beyond. Exit if $1.66 is violated.

3) PERISAI—Bought in Perisai today after the Resistance turns support of $1.47 holds. PERISAI completed the Cup and Handle Pattern which is very Bullish, it has an immediate TP of $1.68/$1.70. Any weakness towards support of $1.47 is an opportunity to collect for future play. 3 white candles for the past 3 days the uptrend is Bullish. Immediate Resistance adjusts to $1.52/$1.55. Strong resistance is expected at $1.60, if breaks will try TP of $1.68/$1.70. Exit if $1.44 is violated.

4) PRTASCO—Bought in PRTASCO today after it broke out from the Downtrend Line in $1.41. It is testing its immediate resistance of $1.45, if breaks will take it to next resistance at $1.52 and the previous high of $1.54.Immediate support adjusts to $1.40 and strong support at $1.37. Exit if $1.36 is violated.

5) TAS— The rebound considered weak after it formed a Bullish Harami 2 days ago, formed a Black Candle today which is bearish. It is expected to test immediate support of $1.04/$1.02. The downward momentum is slowing down and if $1.02 holds more rebound could be expected. Any rebound will find immediate resistance at $1.07/$1.09. Exit if $1.02 is violated

6) TDM— It moved to a high of $1.03 and some profits taking activities bring it down to closed at immediate support of $1.00/$0.995.It is expected to challenge previous high of $1.05 if break will move to TP of $1.15. Immediate support is adjusted to $0.995/$0.975.Exit if $0.95 is violated. ( I have increased my Stop Loss from $0.93 to $0.95).

I am monitoring ALAM ( Gap Support of $1.52 is holding well), GADANG as highlighted by bbinvest .

Happy Trading..

P/S Sharem, welcome to this thread. I will read the charts of Scientx and LBS for you tomorrow. Good Night !!

Jenny, faberlicious. & Bbinvest—Charts reading for:

KSL—Stage 3 of the cycle on the weekly chart, price can be very volatile. It is swinging between $1.90 to $2.20. Very strong resistance at $2.40 and strong support at $1.88. Today it started its technical rebound after finding low at $1.98/$1.97, it met its immediate resistance at 2.09 but failed to cross it. A break above will take it to the next resistance at $2.14 and strong resistance at $2.20 ( Also the down trend line) .

Faberlicious, I did the UOA chart for tsejuie on 20th Nov,please refer to my earlier post. That was what I read then:
“UOA---It is not a Flag Pole pattern as it is taking too long.
It is trading inside a Down trend Channel (Lower High and Lowe Low). It is resting on its important support of $2.00. A break below $2.00 spells more troubles for UOA and should head down towards $1.75/$1.70 level.Any rebounds should find resistance at $2.15 and strong resistance at $2.30.”
So if you are thinking of bottom fishing please trade with an exit plan.

Tongher—Still at stage 1 of the cycle, trading between $1.60 to $1.90. It broke out from the double bottom formation lately in $1.74 and has an immediate TP of $1.90. It is expected to trade between $1.74 (Resistance turn support ) to $1.90. A break above $1.90 signals starting of stage 2 of the cycle.

GADANG—Stage 2 of the cycle, very bullish. Broke out from the “Inverted Head and Shoulder” pattern at $0.99 and has an immediate target of $1.18. It tested its strong resistance today at $1.07 but failed to clear it. A break above $1.07 will meet some resistance at $1.10 and if clear should head toward the TP of $1.18. Any consolidation towards the immediate support of $1.00/$0.99 is an opportunity to collect for future play. Exit if $0.93 is violated.

Happy Trading…

Miketyu,jacky187...you are welcomed!
Thanks for sharing OKA..

twobits..thanks for the alert on Dialog!
I am not at my computer now...

Happy Trading...

twobits,

ya i bought in at $1.48/$1.49 after $1.47 holds...I will exit if break below $1.47 (Resistance turned support)..
I made a mistake to sell mine earlier when I bought in at $1.43 when chart reading shows it should breakout from $1.47..
Next resistance at $1.55/$1.60..

I also bought in FITTER today..

Happy Trading..

Good morning everyone !!

Miketyu, a breakout ( I am using breakout as an example but it can happen to break-down too) must accompany with volumes. It will normally lead to 2-3% increased followed by an immediate test of that breakout level ( Resistance turns support). If the stock closed below that level for any reason then it is invalid.

Feberlicious, hope you can get rid of your Glomac..

Happy Trading..

25th NOV

1) MPHBCAP- Formed another black candle today. The support of $1.68 had been tested a few times and is holding well. The 3 black candles for the past 3 days is a concern bearish signal. A break below $1.68/$1.66 signal MPHBCAP may consolidate further downward. The price and RSI also indicate Bearish Divergence. The only good sign is the downward momentum has slowed down so a break above $1.73 signal BUY towards the previous high of $1.78 & beyond. Exit if $1.66 is violated.( I may cleared mine on any rebound to protect my capitals).

3) TAS— Bought in TAS at $1.05 today as yesterday it formed a Bullish Harami indicates may be a trend reversal is near. It is expected to test immediate resistance at $1.09 if break will try next strong resistance at $1.12. A break above $1.15 with volumes signal further BUY ( I may scale in more shares) as it confirm the Bullish Flag breakout and has an immediate TP of $1.33 and beyond. Immediate support adjusts to $1.04/$1.02. Exit if $1.02 is violated.

2) TDM—As suggested rebound further and taken out immediate resistance of $1.00. Formed a white candle indicates more bullish upward movement. It is expected to challenge previous high of $1.05 if break will move to TP of $1.15. Immediate support is adjusted to $0.995/$0.975.Exit if $0.95 is violated. ( I have increased my Stop Loss from $0.93 to $0.95).

I am monitoring ALAM ( Gap Support of $1.52 is holding well) ,FITTER if support of $0.72 holds, PERISAI ( completed Cup & Handle pattern but the breakout is lack of volumes).

Happy Trading..

connie..thanks and good night..Watching football soon..

connie,profitMan, very funny :-)) !! Next time we do a 5km "run and walk" together K? There are many running events in KL each year !

oops Time for dinner..

You two enjoy your dinner with family too..

connie, ya i also live in TTDI. Normally I will do my long run at Lake Garden but today dad was with me. Ya it will be nice if you can join us for some runs sometime next year. I am leaving next Friday to Angkot Wat Run and later to Chiangmai run. Also my year end holiday there, love Northern Thailand the weather is cool during year end.

Tessa, your boyfriend is right. TTDI park is not bad.Actually it has 3 places to exercise, Rimba park, Kiara Park and the mountain at the back.

FreeThink welcome to this thread.

profitMan, thanks for sharing your experiences and congratulation on your Insas. Look likes we have something in common in TAS.Just to let you know I will exit if $1.02 is violated. Oh ya, last night the game was reallyl exciting, I enjoyed it too.

Enjoy your weekend !!

connie, ya i did a 8km run this morning and need to stop because so many people in the TTDI Park after 8am..

Ya, the market is against us at the moment and what it meant is it is harder to pick winners and need to be more cautious in trading. My belief is don’t over trade and execute your plan if you decided to buy into any stock. I had learned from my past mistakes if you feel stressful and worried while trading you are NOT doing it right. Maybe is a good time to take a break.

Look at my latest portfolio I only have MPHBCAP,TAS and TDM..( all of them are very low risk because the Stop Loss is only a few cents from my purchased.The potential gains are few times against my loss. I am OK even I need to cut losses as I know I can afford those losses before I enter those stocks). The QE has been on for months and US currency strengthen means good for many companies that export their products right?

Remember the Fear factor? Most traders are in that mood now. ALAM was a good example lately, when it was sold down everyone is like wanting to get out (Fear Factor). I managed to lock in some nice profits buying in $1.44 and scale in more shares when it broke $1.48 and out at $1.58 in that few days. Now everyone is trying to get in (Greeds factor) when it rebound so strongly. The stories never end and most important our opinions can be wrong, the market is always right.I still made mistakes picking losers, but I took my losses and move on. Lately I was wrong too on PERISAI and sold too early when it could not break $1.47.

Tessa, Good morning to you too..

Have a nice weekend…

jvei and Hustle, welcome to this thread.

Sephiroth—Thanks for sharing the link, you did well on the first 2 rounds of GOB. My reading on:

GOB—Stage 3 of the cycle . The price movement can be volatile (Distribution phase) and traders will try to buy near support ( which you did as immediate support is at $0.75) and sell at resistance.It confirmed the Bullish Harami formed 21/11 so more rebounds could be expected near term. Any rebound should find immediate resistance at $0.785/$0.80. Very strong resistance at $0.85. The dark cloud formed on 17/10 at $0.895 is shadowing the upward movement of GOB.

Caution: First weakness if break below immediate support of $0.75 and if break below $0.70 confirmed Triple Top (Very Bearish) formation.

Have a nice weekend.

connie, on 17th Nov in my previous post answering to sis metta on YLI..
That was what i read then..

YLI---Very Bullish, stage 2 of the cycle. Broke out of the symmetrical Triangle with volumes on 31/10 which give an estimated TP of $0.90. It is moving towards its immediate target. Any consolidation towards immediate support of $0.74/$0.70 is a good time to accumulate for future play. Exit if $0.65 is violated --Chart on 17/11.


Happy Trading

g888, ya i have received the $$$ from M2U..
Happy to hear you make $$$ in PJ Dev too..

connie, NVM because it is not easy now to get IPO..

Have a nice weekend !!

sephiroth, my family members strike some, son 14 lots..others bro&sisters added up 102 lots..except me !!

tiongmas, you are most welcome !! Remember we are here to help each other. To make money consistently in the stock market is very stressful and hard if you don’t have a plan.

Have a nice weekend !!

sephiroth, now IPO very Hot a bit difficult to get..No problem, will try next time again !!

sephiroth, i did not get any...Hope you and connie get some..

faberlicious, you are doing well in locking in profits for PJDev..Congratulation !!

Happy Trading..

Profitman, good for you to lock in profits. You are right the momentum for MPHBCAP is losing some momentum…Yet it has not reached the panic stage, a close below $1.68/$1.66 I will be out too…

I start to buy in TAS…Some still in the Q managed to buy some in the morning..Low risk if willing to Stop Loss if $1.02 violated.

Feberlicious- For Willow immediate support is pegged at $0.63/$0.62 level & Resistance is at $0.67/$0.69.Formed an Engulfing Bear (Shadowing the upward movement of Willow) on 15/11 at $0.69, unless this level is taken out it is expected to move downwards towards supports.

Happy Trading..

Tiongms, faberlicious, good morning !!

Carlsberg—Very bearish and at stage 4 of the cycle. If you try to bottom fish please trade with an Exit Plan as it is still heading south in the long term. Next support is at $11.58/$11.18. Yesterday close with a “Doji” means indecision, could it be a trend reversal? You need to look at today candle.Any rebound should meet immediate resistance at $12.16/$12.50. A break above $12.50 give you the first signal to buy as it is out of the downtrend channel to next strong resistance at $13.05.It needs to close above $13.05 to signal it is out of stage 4 cycle.

Faberlicious hope you can lock in more profits today…

Happy Trading…

22nd NOV

1) MPHBCAP- As suggested tested and rested on the support of $1.68. Formed another black candle and most likely to test $1.68/$1.66 again.Confirm it will go lower if $1.68 is violated. The downward momentum has increased unless it can close above $1.70 it is most likely to move lower. It needs to clear $1.75 with volumes to confirm long term uptrend for MPHBCAP. Exit if $1.66 is violated.( I may cleared mine on any rebound to protect my capitals).

2) TDM— Yesterday my reply to viviyap about TDM was “ It broke out from the Cup and Handle pattern on 18/11 with volumes and hit the high of $1.05 before starting its consolidation. The said breakout gives an estimated TP about $1.15. Any consolidation towards immediate support of $0.975/$0.95 is a good time to accumulate for future play. Exit if $0.90 is violated “
I bought in TDM at $0.965 when it moves down to support of $0.975/$0.95 area. Today it closed with a Bullish hammer after touching a low of $0.96. More rebound could be expected to next resistance at $1.00 and strong resistance at $1.05(Previous high).Expected to tarde between $0.96 to $1.00. Will add in more shares if comes down towards support that was mentioned. I will Exit if $0.93 is violated due to my Risk Ratio calculation.

I cleared all my AZRB at a loss when my Stop Loss level was hit.
I am monitoring ALAM,FITTER if support of $0.72 holds, TAS if support of $1.02 holds.

Happy Trading..

88, welcome to this thread.

ALAM--It is now testing the Gap Support of $1.53/$1.52.If break below the next support is at $1.47/$1.43.
Some traders may take some positions here but not me because of my Risk evaluation. ( Then everyone trades differently). I will be keen if back down towards the next support.
You have to make your own decision whether to Buy or Sell I am merely sharing my trading method.

Happy Trading…

Thanks faberlicious for sharing of your portfolio. Jayacorp looks healthy. I have put it on my watch list too..

I see you trade very well,keep locking profits when opportunities arise and take losses if go against us. Well Done !!

oop..Time for early lunch appointment today..

Happy Trading..

profitMan, TAS not ready yet..Just broke $1.03 not too healthy, the only thing i like is the volumes has reduced and selling could be over soon. Wait for the rebound first before entering.Very dangerous try to bottom fish as it is still bearish.

Good lucks on your Inari...

Happy Trading..

Hey faberliucious, haven’t heard from you for a while. Hope you are making $$ from the market.

Jaycorp—Broke out from Double bottoms at $0.54 with volumes and has an immediate estimated TP of $0.675. Stage 2 of the cycle and very bullish ( On weekly Chart means long term). Any consolidation towards support of $0.54( Resistance turned Support) is a good time to accumulate for future play.Immediate resistance adjusts to $0.59, a break above will take it to its next resistance of $0.63.Exit if $0.50 is violated.

Latitud—Can you let me know what happen on 06/06/2011 when the stock Gap down from $1.69 to $1.10 ? Chart wise is very bullish on the weekly chart ( Long Term) as it broke out from the round bottom and gave an estimated TP of $1.63.

Happy Trading..

21st NOV

1) AZRB— Tight trading range of $0.96 to $0.98. Again resting on the important support of $0.96. Volumes have dried out and downward momentum has slowed down.Rebound soon? Any rebound should find resistance at $0.98 and strong resistance at $1.00. A break below $0.96 will take it towards the next support of $0.93. May have problems to clear if hit my Stop Loss level of $0.96.

2) MPHBCAP- Tight trading range of $1.68 to $1.73. Formed black candle today indicates some weakness. The support of $1.68/$1.66 will be tested again. The downward momentum has increased unless it can close above $1.70 it is most likely to move lower. It needs to clear $1.75 with volumes to confirm long term uptrend for MPHBCAP. Exit if $1.66 is violated.( I may cleared mine on any rebound to protect my capitals).

I cleared ALAM,HAPSENG with profits and GUNUNG,UCHITEC with some losses.

I am monitoring ALAM ( to buy back on weakness), FITTER if support of $0.72 holds,TAS if support of $1.03 holds, TDM thanks to viviyap highlighted this stock.

Happy Trading..

Viviyap

TDM—Very Bullish, broke out from the Cup and Handle pattern on 18/11 with volumes and hit the high of $1.05 before starting its consolidation. The said breakout gives an estimated TP about $1.15. Any consolidation towards immediate support of $0.975/$0.95 is a good time to accumulate for future play. Exit if $0.90 is violated.

I will add this counter into my watch list. Thanks for sharing…

Jacky187,
TGOFF—Not sure about T4 or not. The counter broke out of the trading range of $0.60 to $0.665 on 07/11 with volumes and achieved its immediate TP in $73. It is at stage 3 of the cycle which we refer to distribution period. Prices swing can be real volatile here which TGOFF display those characters. It broke below $0.665 (Resistance turned support) and most likely towards strong support at $0.60.

Connie
First I will never scold anyone as everyone looks at charts differently. For me these are the few things I look at:
1) Is it going Up,Down or sideways? 2) Where are the support and resistance?
3) At what stage of the cycle? 4) What is the pattern? 5) Does candlestick show any trend reversal?

PLENITU—If the Gap down not due to dividends or anything then it has turned into a Gap Resistance at $2.54-$2.60 which it will try to close. Strong Resistance is at $2.65. Formed a Doji on top yesterday indicates some weakness of the recent rebound from $2.40.Sideways movement of $2.48 to $2.56 expected in the near term. It spells trouble if break below 2.39 (Exit level)

Twobits , I have no access to KLSE charts except the Live feeds which only offer intraday chart.

tsejuie ,welcome to this thread. My reading of UOA chart:
UOA---It is not a Flag Pole pattern as it is taking too long.
It is trading inside a Down trend Channel (Lower High and Lowe Low). It is resting on its important support of $2.00. A break below $2.00 spells more troubles for UOA and should head down towards $1.75/$1.70 level.Any rebounds should find resistance at $2.15 and strong resistance at $2.30.

Happy Trading.

connie, on 04/11 plenitude has a Gap Down of 6 cents..is there anything you may want to highlight to me? Is it due to dividents?

Happy Trading

sephiroth, you are welcome and i must thank you for providing lot of useful FA information for the forumers here.Also suggested some good stocks for them to consider !

Today i am quite free after clearing my ALAM,HAPSENG( with profits) and cleared my UCHITEC, GUNUNG (at some losses).
So now i only having AZRB and MPHBCAP in my portfolio.( AZRB may give me headache to sell if break my Stop Loss level as volumes dried out).

Still looking for counters to buy in...Maybe lots of homeworks tonight to scan through some stocks..

Happy trading !!

Sephiroth, thanks for the information on UCHITEC but I had taken my losses when it hit my exit level at $1.46. I was concern the breakout was lacking volumes (that is why I was monitoring the support of $1.50/$1.48 and it holds above so I started to collect yesterday) and proven to be right that it was premature.

LCTH—Very Bullish and heading towards strong resistance of $0.235. If it could break $0.235 with volumes that mean it is out of “Round Bottom” consolidation which is very Bullish and it should scale real high ( On weekly Chart). If not it should consolidate from that level and maybe forming what we call ‘Inverted Head and Shoulder “also very bullish but will take some times). For a trader I will monitor if $0.235 level could be taken out. Immediate support adjusts to $0.195/$0.185. First sign of weakness if break below $0.175.

Happy Trading

Chengyee, TP is only a paper calculation and no one is 100% sure whether it will get there or exceed it. It is like no one can claim he always sell at the highest all the times, you just need an exit plan and be happy with the profits you make.

Mikeyu
PJDev— Very Bullish it is at stage 2 of the cycle. Latest new high was set 2 days ago at $1.27 and started its consolidation. Expect to trades between $1.20 to $1.27.Stronger support at $1.17 level.If $1.27 is taken out it is expected to try $1.35 level.Be concern if break below $1.16.

Pathew
Padini—Very Bearish after breaking down from Descending Triangle on the weekly chart, now stage 1 of the cycle if new found bottom of $1.63/$1.61 stays. Any rebound should find resistance at $1.75 (Support turns Resistance) and very strong Resistance at $1.82. It needs to clear $1.82 with volumes to signal stage 2 of the new cycle.Then the uptrend should start.

What a morning for me !! Just when I was locking in my profits on ALAM happily I was forced to sell UCHITEC at a Loss (Luckily I only started to collect yesterday, a breakout without volumes can”t be trusted). Then GUNUNG also break down from my Stop Loss level. Broke down from the Uptrend Line today!

So 2 losing trades against 1 winning..Not too good.

Happy Trading..

20th NOV

1) ALAM— As suggested ALAM breaks above $1.50 and the downward momentum has slowed down meaning it is moving towards next strong resistance at $1.54/$1.55. Immediate support adjusts to $1.50/$1.48. I have raised my Trailing Stop to $1.48 to protect my capitals and profits. Also I may cleared some to lock in profits on further strength.

2) AZRB— Counter is very Bearish. It is resting on the important support of $0.96.Formed a Gravestone Doji today, volumes had dried up, Trend Reversal? Maybe some rebound could be expected. A break below $0.96 will take it towards next support of $0.93. Any rebound should find resistance at $0.98 and strong resistance at $1.00. Since volumes has dried up I may have problem to clear my shares if break below $0.96 (Involuntary investor?) exit if $0.96 is violated.

3) GUNUNG— Uptrend is intact. Test my Stop Loss level of $0.92 but managed to holds. It is still moving downward, the trading range is expected to be from $0.925 to $0.975.(I have bought in more share at $0.925 today). Exit if $0.92 is violated. The Dark Cloud formed on 13/11 at $0.995 is shadowing the upward movement of GUNUNG.

4) HAPSENG— As suggested it tested its immediate resistance and rested at $2.55. A break above will take it to $2.62 (its previous high)/$2.66(immediate target). Final TP is at $2.74 by calculation. Immediate support adjusts to $2.50/$2.47.I have further raised my Trailing Stop to $2.47 (Or sell into strength) to protect my profits.The reason I am selling into strength is because the Price and RSI has formed Divergence.

5) MPHBCAP- Tight trading range of $1.68 to $1.75.The downward momentum is slowing down. A break above $1.75 with volumes signals BUY (I may scale in more shares) will confirm long term uptrend for MPHBCAP. Immediate resistance is at $1.78/$1.84 if it breaks $1.75. Exit if $1.66 is violated.

6) UCHITEC—Bought in Uchitec today because chart wise it has broken out from the Ascending Triangle. Any consolidation toward support of $1.50/$1.48 offer good opportunities to collect for future play. The upward momentum has increased for further upward movement. It had an estimated TP of $1.68 by calculation. Exit if $1.46 is violated.

I cleared all my PERISAI today when it could not break above $1.47 to complete the Cup and Handle patter.

I am monitoring Fitter and Kimlun.

HAPPY TRADING…

Twobits,
Unisem-- Broke out from $0.92 with volumes on 15/11 which is very Bullish. It is starting stage 2 of a new cycle and further upward movement could be expected. Any consolidation towards support of $0.92 (Resistance turns support) is a good time to accumulate for future play. Immediate Resistance is set at $0.99 to $1.01(Gap Resistance) formed on 25/07, if break should try next TP of $1.10. Expect trading range of $0.92 to $0.97 during consolidation. On weekly chat if break above $1.10 signals breakout from Round Bottom with an estimated TP of $1.34. Exit if $0.90 is violated.

Chengyee, I think I have told you earlier the TP is estimated at $9.00 and today it achieved $8.80 today. For a trader anything less than 5%-10% is a very good estimation. Today formed a “Spinning Top” at the top indicates some correction is on the way. Please observe the level of $8.30 closely, if break below more downward consolidation could be expected towards $7.68/$7.38.

Jenny, Dolmite I had covered before. I think requested by androsjy, Bro jacky187 on 13th Nov. That was what I said during that time:
“DOLMITE—Breakout from $0.38 on 04/11 signal stage 2 of the new cycle, very Bullish. The breakout gives an estimated immediate TP of $0.535 & beyond. To achieve this level it needs to be able to close above $0.48. Any consolidation should find support at $0.455/$0.45 (Gap support formed on 12/11) and on that same day it forms a “Spinning Top” indicates Bull may lose some momentum, some consolidation could be expected. .Strong support is at $0.42/$0.40. Exit if $0.38 is violated.”
Dolmite did consolidate towards support of $0.40 because it failed to close above $0.48.

Happy Trading…

Jennylee, thanks for sharing Suria.

Chart wise I like:

UCHITEC if $1.50/$1.48 stays, Stop Loss at $1.45. 5 cents risk with minimum 10 cents gains and above after breaking the Ascending Triangle. (Risk Ratio 1:2++ which is very comfortable)
MPHBCAP—I am adding on weakness (now at 4 cents Risk) and may scale in if break $1.75 with volumes.

GUNUNG—An uptrend counter but the momentum is downward at the moment. A small Risk counter if you place a Stop Loss at $0.92.

Every one trades differently for me is always taking in profits when opportunities arises and evaluate my risks every night on those counters I hold 9 uncomfortable with AZRB now). Learn the support and resistance well you can trade a counters few times and still holding onto it. (Like GUNUNG I sold 40% around $0.99 earlier when realized it can”t break the strong resistance at $0.995 and bought back yesterday at $0.925 (Strong Uptrend Support Line).

Skyjuice, you are most welcome and in this thread we want to share our experiences and help each other out.

Connie, so many stocks it is not possible to consider all. I will never over trade so always keep my Max at 7 stocks preferably 4-6 counters. I love Foie Gras at ‘That little wine Shop’ in Penang. But today lunch was at Malay stall near Honda Service center. Send my son car to service.

profitMan, thanks for sharing the Perisai experiences, I will only re consider it if break $1.47 with volumes.

Chengyee, I never trade on Matrix before (Love the name though)..If you want me to help on the chart reading I can look at it for you tonight.

Happy Trading…

Ha..good afternoon...
Connie last night i watched a program that i recorded.
That is y so late.
Disappointed Perisai could not cleared $1.47 to complete
The pattern.Sold mine at $1.46 just now..yesterday bought in at $1.43.
Like kids playing marbles..
V only consider if break $1.47...

Happy Trading...

19th NOV

1) ALAM— Re tested $1.50 but failed to close above it. The downward momentum is slowing down so ALAM is expected to retest $1.50/$1.51 level. A break above $1.50 will take it further to $1.55. Immediate support adjusts to $1.48/$1.46. Due to the counter is bearish in nature and the rebound was not as strong as I would like. I have raised my Trailing Stop to $1.46 to protect my capitals.

2) AZRB— Counter is Bearish. Re tested support of $0.96 and holds, show more weakness today. Expect trading ranges of $0.96 to $0.98. Have not shown any sign of it getting out of the downtrend channel yet. Exit if $0.96 is violated.

3) GUNUNG— The Dark Cloud formed on 13/11had confirm the downtrend movement of GUNUNG. Today closed with a Big black candle which is Bearish. It is resting on the important support of $0.925 (Uptrend Line), would expect some rebound from this level if not it is heading south. Until that Dark Cloud is cleared at $0.995, it is expected to trade between $0.92 to $0.96. Exit if $0.92 is violated.

4) HAPSENG— Broke above $2.50 today so it is expected to test its immediate resistance at $2.55/$2.57. A break above $2.55 will take it to previous high of $2.62. The problem with Hapseng is the price and RSI is showing Divergence that means the undertone is weaker than thought. Immediate support adjusts to $2.50/$2.47.I have further raised my Trailing Stop to $2.47 9(Or sell into strength) to protect my capitals and profits due to the Divergence.

5) MPHBCAP- It is Still under consolidation inside the Bullish Flag pattern. Expect trading range of $1.68 to $1.75. A break above $1.75 with volumes signals BUY ( I may scale in more shares) will confirm long term uptrend for MPHBCAP. Immediate resistance is at $1.78/$1.84. Exit if $1.66 is violated.

6) PERISAI—Bought in PERISAI today. It is expected to complete the Cup & Handle Pattern by breaking above $1.47. I Will scales in more shares if it breaks above $1.47 with volumes. Estimate TP of $1.70 if the pattern is completed. Immediate support adjusts to $1.43 with strong support at $1.38. Stop Loss if $1.38 is violated.( I bought in before the breaking above $1.47 because the upward momentum has picked up and it should cleared $1.47 soon).

I clear all my EngTex to lock in profits, the chart has shown weakness that more consolidation is expected for EngTex. I will buy in again when opportunities arise.

I am monitoring UCHITEC (Breakout from Ascending Triangle and now re test its Resistance turns Support level of $1.50).

HAPPY TRADING…

You are welcome skyjuice, just remember chart is only a guide.

pathew, next year we will talk about it.

Have a nice evening..

Skyjuice, welcome to this thread.
Instaco— Stage 1 of the cycle. Trading range of $0.255 to $0.35. Traders who trade on cycle 1 will buy near $0.255 and sell near $0.35.Any rebound will find immediate resistance at $0.31. It is testing immediate support of $0.275 if fails shall find strong support at $0.255. Exit if $0.25 is violated. ( WA should follow the mother share movement).

Chengyee, congratulation ! Chart is only a guide you must still have your own plan when to exit K?

Sephiroth, hope your PJ Dev WC will bring in $$$ to you.

Connie, thanks for the kind words and really appreciate you share the link on Fibo.

Sis metta, dinner is not a problem. Pathew arrange yum cha I arrange dinner & wine next year K?

iamalex, you are welcome. We are here to help each other out.

I am out of EngTex to lock in some profits.

Happy Trading…

Iamalex, hello, welcome to this thread.

INSAS—Started stage 2 of the cycle when it broke above $0.65 with volumes on 04/11 signal BUY.Weekly Chart broke out of the Round bottom pattern at $0.675 and have an estimated TP of $0.965.It hit the target on 12/11 but formed a Spinning Top indicates correction is on the way. It is under consolidation now with reduced volumes which is healthy. Immediate support adjusts to $0.86/$0.84 with strong support at $0.80. The upward movement is intact but the upward momentum had slowed down and if you are trading this stock you may want to put Trailing Stop to lock in profits.

Chengyee, I am happy for you on your Dsonic.

Ooi1955, I think few of us are in EngTex, Unless the Dark Cloud is cleared it is expecting to move sideways. I will take my profits if hit $1.69.

Connie, I am happy you are picking up the TA. Don’t under estimate Support, Resistance and Volumes. Read then with volumes K?

Sis metta, you are going away soon right?

Happy Trading !!

18th NOV

1) ALAM— As suggested rebound further and tested resistance at $1.48/$1.50 before closing at $1.48. Even though today advance did not give the Bullish confirmation but more upward movement could be expected. . A break above $1.50 will take it further to $1.55. Immediate support adjusts to $1.46/$1.43. I have raised my Stop Loss from $1.37 to $1.43 if violated.( Please take note counter is still very Bearish and I may cleared mine if the rebound make a U-Turn).

2) AZRB— Tight trading range, expects trading ranges of $0.96 to $0.98/$1.00.The important support of $0.96 is holding well,downward momentum is slowing down so it is expected to rebound to $0.98/$1.00( Strong Resistance) level. A break above $1.00 with volumes signal BUY and it will be out of the down trend channel.Exit if $0.96 is violated.

3) ENGTEX—As suggested tested its previous high of $1.76/8. Yet to clear the “Dark Cloud” formed on 29/10 at $1.76 which is shadowing the upward movement of EngTex. It is expected to re test these levels and may scale in more shares if it could break them. Any weakness towards support of $1.69 is a good time to accumulate for future play.Due to EngTex inability to clear the Dark Cloud at $1.76/$1.78 I have started my profits protecting move.I have raised my Trailing Stop to $1.69 to protect my profits. ( Remember my 1st exit was $1.54, 2nd exit was $1.64 to protect capitals).

4) GUNUNG— The upward momentum is intact, it is expected to re test the Dark Cloud formed on 13/11 at $0.995. A break above $0.995 ( I may scale in more shares) to try $1.02/$1.05.If break will try previous high of $1.10. Immediate support is adjusted to $0.95 and strong support at $0.92. Exit if $0.92 is violated.

5) HAPSENG— Formed a Doji today indicates indecision.Sideways movement of $2.45 to $2.50 is expected. A break above $2.50 will take it to next resistance of $2.55 /$2.62. Immediate support adjusts to $2.47/$2.45. I have raised my Stop Loss to $2.45 to protect my capitals.

6) MPHBCAP-Formed another “Doji” today,indecision, expected trading range of $1.66 to $1.73. The downward momentum has slowed down and RSI Bearish Divergence has been cancelled off, would expect MPHBCAP to scale higher soon.A break above $1.75 with volumes will confirm long term uptrend for MPHBCAP. Immediate resistance is at $1.78/$1.84. Exit if $1.66 is violated.

I am monitoring PERISAI (Possible Cup & Handle Pattern if break $1.47), UCHITEC (Breakout from Ascending Triangle need more volumes).

HAPPY TRADING…

P/S Thanks profitMan for your sharing of Fibo reading. It is very interesting even though I cannot understand how Fibo works by adding those percentages into cents. Still I agree MYEG is Bullish if it can take the Dark Cloud off at $2.62.