Chengyee, Sis Metta & Jennylee, these are the charts requested by you all.

DSonic—Stage 2 of the cycle,very bullish. Broke out from $6.60 on 12/11 with big volumes add validity of the said breakout. It is under healthy consolidation with immediate support adjusted to $7.38/$7.20. A break above $7.80 will test next Resistance at $8.20 and take it to the estimate Target of $9.00.

INARI—Stage 2 of the cycle and very Bullish. Of course the question is whether $1.40 is the top for stage 2 cycle? If break above $1.40 next resistance is at $1.53 and estimated TP of $1.60. Unless $1.40 is taken out do trade this counter with caution. It is still under consolidation and expects to trade between $1.27 to $1.40. Even though the downward momentum had decreased lately but a break below $1.27 spell troubles. Exit if $1.20 is violated.

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

SURIA—From the weekly chart broke out from the “Inverted Head and Shoulder” at a high of $1.92 which gave an estimated target of $2.44. The target was achieved last week. 3 white candles for the past 3 days indicates more upward movement. Unless it could break and stay above $2.44, Suria is most likely to consolidate towards support of $2.26/$2.20. If break $2.44 with volumes Suria will find strong Resistance at $2.60 and an estimated TP of $2.80.

Sephiroth, thanks for highlighting PJD-WC to us.

Happy Trading..

Connie, impressive home works done for MYEG. Sorry I cannot comment on Fibo as I don’t use them. I know there are many traders who use Fibo and success in their trading.

I would like to share my chart reading of MYEG with you:

The chart showed it formed a “Dark Cloud” on 30/10 at $2.62 signal a correction is coming and which it did. Formed another “Engulfing Bear” on 11/11 at $2.40 confirmed further downward which it did to $2.24. If you draw a down trend line joining the 2 tops of $2.62 to $2.40 then the first signal to buy is at $2.34 on 14/11 when it broke above its down trend line.Immediate resistance at $2.40 (Engulfing Bear) which was taken out yesterday ( Another signal to Buy).The momentum has picked up and further upward movement could be expected towards strong Resistance in $2.62. Those that was caught buying at these levels earlier will sell because of Fears that it will go down again. Unless $2.62 is taken out with big volumes the “Dark Cloud” is shadowing MYEG movement.

Also the pattern is NOT a Double Bottoms on the daily chart. It is important for TA to learn the chart patterns , Support, Resistance and volumes and understand them well.

Oh ya, I only do a long run once a week and normally on weekends. Normally will do 30 minutes to 1 hour.

Have a nice weekend !!

connie, normally my long run is 1.5 hours to 2.5 hours depend on how close i am with an running event.( My next running event is Angkor Wat 1/2 Marathon on 01/12 then Chiangmai Marathon on 22/12 , but today only ran 1 hour 20 minutes becasue my wife felt tire so i walked with her...
Ya, we enjoyed the Jap food last night..Tonight wife will cook Lamb Cutlets..Yummy ! Of course with soem Red wines tonight..

proftMan, apprecaite yor helps to others here..

Have an wondeful weekend.

K connie...
Walk,Run,jog, any exercise is good!!

connie9170,isnt it hard when it comes to selling especially if we need to take some losses? If you have a plan then you wont be under stress because you already ready for that loss.
Learn your TA well and keep it simple, you will be a good and discipline trader one day. Once you learn how to spot the weakness of the stock on the chart you can be real calm too.
Enjoy your weekend, tonight son is buying us Jap Foods..Shasimi and sake..Maybe a bit of red if we order some meat..But not too much because tomorrow going for a long run..

Pathew, yum cha needs to be next year as I am going off for about a month for my year end holiday..

Choolooi, welcome on board !! Now we need to be lucky enough to get some IPO shares..keep our fingers crossed.

profitMan, Like you I am still holding EngTex, I was thinking of scale in if cleared the Dark Cloud at $1.76. The RSI showed some weakness yesterday.

Connie, not joining us on the IPO?

Happy with the performance of ALAM..

Have a nice weekend...

Sis metta—congratulation on your EngTex, still can”t clear the Dark Cloud at $1.76. I am still holding mine..I will look at chart of YLI for you over the weekend.

Choolooi, thanks for the best wishes, ya like sephiroth said you should join us on the IPO..It is HOT now..Remember we always follows the Trend.

Pathew, congratulation on your Hibicus.. Great to hear from you again !!

Have a nice weekend !!

Sephiroth, ya I also apply for IPO Titijaya, just to share with you my experiences instead of applying 10,000 shares you should apply 10,100 shares that will put you in the bracket of 10,000 to $20,000. For me I apply 101,000 share that puts me at 100,000 to 200,000 bracket which stand better chances. So far I had been quite lucky with recent IPO, WPort gave 60,000 shares, UMWOGH gave 30,000 shares and KAREX gave 12,000 shares. No luck with Caring..Ya you are right” they” are playing new listed company now.

profitMan, thanks for valuable inputs on trading strategies..

Have a nice weekend.

Chengyee, I will study the charts of Inari and Dsonic over the weekend for you.

Choolooi,connie, thanks for the kind words. But I think not only us but the others in the thread also contributed a lot. I must say I also learnt a lot from this thread. Now I look at more stocks and choices of my stock pick have increased due the thread.

Choolooi did the right things, it is no point to hold on non-productive stocks that tied our capitals and miss other good opportunities. I review my stocks every night and the stocks must convince me it is worthwhile to hold on to them if not I will clear it. Now I am holding on 6 stocks and the longest one is AZRB since mid-Oct, even it has not hit my Stop Loss level of $0.96 I may want to clear it unless it can close above $1.00 soon. I opined that the reason we pick a stock is because we are confident it is going up right? If after a long period says over 1 to 2 months nothing happen isn’t it something is wrong in our initial criteria to pick that stock? The worst scenario is when we pick a stock and the next day it started to come down,most of the traders would not take the losses because they can”t believe they are wrong straight away. Happen to all of us right?

Connie, I am very happy you are starting TA which is very good, try not be too excited that you want to learn everything at once,thinking you can interpret all the indicators and think it works so well, a word of caution,all indicators basically tell you what have already happened. If you have a live chart you will know a “hook down” indicator can suddenly turn bullish when price changes and vice versa. I would recommend to you the first things you must learn is Support,Resistance,chart patterns and Volumes. Sound simple right? If you can really understand and master these 4 you are more than 1/2 way in TA.

Have a nice weekend !!

15th NOV

1) ALAM—Bought in Alam today after yesterday selling frenzy that it may have found a new bottom at $1.37. Formed a Bullish Harami which normally is a Trend Reversal. A break above $1.48/$1.50 signal BUY (which I may scale in more shares) and it is expected to rebound further to $1.55. Immediate support adjusts to $1.40 and exit if $1.37 is violated.
( Do not be mislead as the counter is still bearish and if you are trading you MUST be ready to take losses if $1.37 is violated.)

2) AZRB— Tight trading range, expects trading ranges of $0.96 to $0.98/$1.00.The price is still too close to $0.96 for comfort even though the downward momentum had decreased. Any rebound should find strong resistance at $1.00. 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.

2) ENGTEX— As suggested rebounds further today,it is moving towards its previous high of $1.76/8 ( The Dark Cloud formed on 29/10 at $1.76 which is shadowing the upward movement of EngTex). A break above will take it uncharted territory with an estimated TP of $2.00. Immediate support adjusts to $1.69 & strong support at $1.65,any weakness towards support is a good time to accumulate for future play.I have raised my Trailing Stop to $1.64 to protect my capitals. ( May also sells some into strength to lock in profits).

3) GUNUNG— Yet to clear the Dark Cloud formed yesterday at $0.995. Formed a “ Bullish Harami” today, Trend Reversal? A break above $0.995 ( The Dark Cloud) 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.

4) HAPSENG— Formed another Long Lower Shadow today which is Bullish, but the price has started to show some weakness and momentum of downward movement has increased. Immediate resistance is at $2.55 /$2.62. Immediate support adjusts to $2.45/$2.43. I have raised my Stop Loss to $2.43 to protect my capitals.

5) MPHBCAP- Formed a Gravestone Doji today which is bearish, expected trading range of $1.66 to $1.73.The support of $1.66 is expected to hold since the downward momentum had reduced. With the high of $1.75 formed 2 days ago it is taking on the shape of Flag Pattern (Which is Bullish). 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) .

HAPPY TRADING…

p/s sephiroth, you are right, leave the emotion out when trading in the market.Execute the plan and limit our losses but try to ride on the winners as long as possible !!

connie9170, i have no ideas on those figures you mentioned from OSK, anyone here can help connie out?
I know you are still learning TA it is OK to ask if i can helps i will do my best. We are here to help each other out !

sephiroth, thanks for the inputs and FA on those counters, appreciate it.

Happy Trading...

connie9170, for MA everyone use different reading, some use 21,30,50,200 days etc .It is up to you whatever works for you. What are the MA values from OSK ?

You must understand all indicators (except Volumes) inclusive of MA are price derivative and actually telling you things that already happen. Use it as a guide only.

As time progress, you will find charts reading getting easier if you keep it simple, don’t over depends on indicators as it can confuse us sometimes. Try to learn to identify supports, Resistances, volumes (These 3 measure traders emotion) and lastly chart patterns. I use Candlestick and find it useful but it is all up to you to use any other charts that you are comfortable with.

Happy Trading.

profitMan, you are spot on ! Cup with Handle pattern is very similar to Double Top with one exception.The selling should not accelerate after forming the 2nd Top which if you look at the weekly chart the volumes reduced after the 2nd tops. That is why I use the word” caution” if the formation of the handle failed by breaking below $3.99 it is most likely to complete the Double Tops which is very Bearish.

During the handle formation which is a very important part the pattern as traders will sell near the 2 tops and if the volumes keep increasing and stock gains downward momentum then it will form Double Tops. So far SKPETRO did not show that. Also if the breakout happens it must accompany with large volumes to add validity.

Ha, looks like we are in EngTex together..

Happy Trading…

Connie9170
For Sketro twobits is looking at Pole and Flag that was formed lately. He was right as he is looking at the very short term scenario.
For a Long Term scenario I would like to share my reading of the chart with you.
The previous cycle SKETRO completed stage 4 formation on 27/08 with new bottom at $3.18.It started stage 2 of the new cycle when it broke out from $3.87 with volumes on 17/10 which is very Bullish. It hit high of $4.34 on 23/10 with volumes.
Assuming you are drawing this line from left to right for the formation of the Cup and Handle. ( It is acceptable even though the CUP is not really round at the bottom and looks more like “V” bottom). Now it is the progress of completing the handle and if break above $4.34 it will scale higher to its estimated TP of $5.50. But a word of caution during this formation of the handle if break below $3.99 it formed Double Tops which is bearish.

profitMan, EngTex is definitely turning cautiously Bullish but yet to clear the Dark Cloud formed on 29/10 at $1.76. I will scale in more shares if it cleared its previous High.

Happy Trading…

Twobit---sketro-- you are spot on. It is forming what we term “Bullish Flag” a break above that down trend line will have an estimated target of ( X+$0.21). For example is if break above $4.25 with volumes next target is estimated to be $4.46. Exit if break below $3.99 as that confirm the Double Top pattern which is bearish.

Connie9170 & choolooi— sometimes you must look at the market when everyone is panicking..Remember their fears?? Yesterday i also added in more EngTex..

Happy Trading !

14th NOV

1) AZRB—Re tested support of $0.96 and manage to hold for the 3rd times, expects trading ranges of $0.96 to $0.98/$1.00. The counter is still Bearish but the downward momentum has reduced and more rebound could be expected. Any rebound should find strong resistance at $1.00. 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.
\
2) ENGTEX— As suggested rebound today and re tested its strong resistance of $1.69. A break above will take it to its previous high of $1.76/8 ( The Dark Cloud formed on 29/10 at $1.76 is shadowing the upward movement of EngTex). It is not out of the wood yet but the downward momentum had decreased meaning more rebounds could be expected.Immediate support adjusts to $1.65 & strong support at $1.59. I have raised my Stop Loss level to $1.59 if it is violated.

3) GUNUNG— Failed to clear the immediate resistance of $0.995, it was subject to some profits taking activities and closed at $0.96. Immediate support adjusts to $0.95/$0.92.Any weakness is the good times to accumulate for future play as the uptrend is evident. Sideways movement of $0.95 to $0.995 could be expected. Exit if $0.92 is violated.

4) HAPSENG— Formed another Long Lower Shadow today which is Bullish, it is expected to re test Resistance at $2.55 if break will try previous high of $2.62. Even though uptrend is intact but the upward momentum is decreasing.Immediate support adjusts to $2.45/$2.43. I have raised my Stop Loss to $2.43 to protect my capitals.

5) MPHBCAP- As suggested it broke through $1.70 signal BUY and move to the high of $1.75 before subjecting to selling pressure and close at $1.69. Formed a Long Upper Shadow which is bearish, it is expected to test support of $1.68/$1.66. Would expect those supports hold as the downward momentum has decreased.It needs to stay above the $1.70 (The down trend line) to challenge its immediate resistance at $1.75/$1.78. Exit if $1.66 is violated.

Today I cleared CUSCAPI after hitting my Stop Loss level taking some losses. For the month of November I had closed 3 trades 1 winning and 2 losing not counting GUNUNG which I sold about 40% at winning side.

I am monitoring ALAM (The selling frenzy today,it may have found a new bottom in $1.37), PERISAI(Possible Cup & Handle Pattern) .

HAPPY TRADING…

Connie9179—Breakout from $2.75 yesterday with volumes signal stage 2 of the cycle which is very Bullish. It is near its immediate Resistance of $2.94 and if breaks it is expected to move to $3.00 and strong resistance of $3.06.Immediate support adjusts to $2.80/$2.75. If you are trading this counter please be cautious because from the past pattern any correction can be really fast and steep.

Happy Trading…

Doremi88—Are you in ALAM? I had posted in my thread earlier that I sold all mine when it could not clear $1.67.

androsjy, Bro jacky187, Welcome to this thread.
The charts reading for:

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.

CRESTBLD—It was trading between $1.23 to $1.40 for a while and lately it broke out of that trading range and move higher. The estimated target is at $1.57 and yesterday broke out of $1.47 with volumes very Bullish should scale higher in the near term(un charted territory). Immeidiate support is at $1.40 with strong support at $1.40/$1.38.( Just a word of cautious this stock could be at stage3 of the cycle and price movement could be volatile)

Connie9170—You are doing the right thing,the hardest part in trading is to accept our mistakes & take the losses we had planned and move on...Once you learn to trade well, the money will follow in later..Ya, I love fine dining and wine, holiday plus Running.

Happy Trading…

13th NOV

1) AZRB—Still trapped inside of the Down trend channel, expects trading ranges of $0.96 to $0.98/$1.00.It tested support of $0.96 but manage to hold which is a good sign, but still the counter is Bearish.The downward momentum has reduced and rebounds could be on the corner.Any rebound should fine strong resistance at $1.00. I may clear this stock on any rebound to preserve my capitals. Exit if $0.96 is violated.

2) CUSCAPI— Uptrend channel and tested the support of $0.48/$0.46 (Uptrend channel line) but managed to hold above $0.46. The downward momentum has increased and may re test support of $0.46. It needs to move above $0.48 to maintain it long term upwards movement, nest strong resistance is at $0.505. Exit if $0.46 is violated.

3) ENGTEX— Sideways movement of $1.59 to $1.65 is expected. The downward momentum has reduced and formed a hammer today indicates rebounds could be expected soon. A break above $1.65 will test immediate resistance of $1.67/$1.69 if break will try previous high of $1.76/8 ( The Dark Cloud formed on 29/10 at $1.76 is shadowing the upward movement of EngTex). Immediate support adjusts to $1.59 & strong support at $1.54. Stop Loss if $1.54 is violated.

4) GUNUNG— Finally GUNUNG cleared the “Doji” at $0.955 and Dark Cloud at $0.975. It should carry on moving upwards from here toward the next Resistance of $1.01 and TP of $1.10. Any weakness towards support of $0.95/$0.94 is a good time to accumulate for future play. Immediate support adjusts to $0.95/$0.92. I have increased my Stop Loss level to $0.92 if violated.

5) HAPSENG— Formed a Long Lower Shadow which is Bullish, but upwards momentum had slowed down. Expected trading range of $2.45 to $2.55.A break above $2.55 will takes it to the next Resistance of $2.57 and the previous high of $2.62. I have raised my Stop Loss to $2.43 to protect my capitals.

6) MPHBCAP- As suggested try to clear $1.70 but failed in this attempt.Formed a Bullish Long Lower Shallow coupled with the downward momentum has reduced it is expected to break above $1.70 to immediate Resistance of $1.73 and the previous high of $1.78. Any weakness is a good time to accumulate for future play since the Price and RSI Divergence has been corrected. Immediate support is adjusted to $1.66,exit if $1.64 is violated.

Today I lock in 40% of GUNUNG at $0.99 for some profits, sold all my Pelikan at some losses when it hit my Stop Loss level.

HAPPY TRADING…

viviyap, sorry i was away for a wine tasting session, ya i am still holding CUSCAPI as it dint hit my Stop Loss level like Pelikan.Please check my posting later as i just got home.

Happy Trading !!

viviyap, i had taken my losses...You have to make your own decision !!

Happy Trading !!

tiongma and bbinvset,Both of you are welcome !! As I always said we are here to help one and other out…

sephiroth, well done on Benalec..I have no such luck with it..

Today GUNUNG cleared the Dark Cloud above $0.975 heading toward $1.00..Time for me to ride on some profits..

Happy Trading...

Tiongms, Charts reading for :

1) WEIDA--Sideways movement of $1.72 to $1.80. Formed an Engulfing Bear on 04/11 at $1.78, a Dark cloud on 30/10 at $1.90,unless these levels are taken out it has limited upward potentials. If $1.72 is violated the downward movement should accelerates and counter will turn Bearish.

2) MRCB— Very Bearish, found a new bottom at $1.36 on 28/08. If this is indeed new bottom MRCB is starting stage 1 of the new cycle. If you are thinking about Bottom Fishing please exit if $1.35 is violated. (That means the old cycle not completed yet it is still at stage 4 of the old cycle). The counter only signals Buy if break above $1.55 with volumes signal stage 2 of the cycle.

choolooi, congratulation on your winning on Willow, I too still holding on Cuscapi (Bought at $0.485) after your alert !! I also share the same fate as you on Benalec, but I took my losses much earlier when it broke down from Symmetrical Triangle months ago..

Happy Trading..

12th NOV

1) AZRB—Still trapped inside of the Down trend channel, expects trading ranges of $0.96 to $0.98/$1.00. The volumes had dried up indicates selling could be over and more rebounds could be expected in the near term.Any rebound should fine strong resistance at $1.00. I may clear this stock on any rebound to preserve my capitals. Exit if $0.96 is violated.

2) CUSCAPI— Uptrend Channel, it is expected to clear the “Doji” formed on 07/11 at $0.505 and re test its previous high of $0.52/$0.54.. For those traders who intend to trade inside the uptrend channel may want to clear near $0.54 and buy back near $0.48/$0.46. Stop Loss if 0.46 is violated ( Uptrend Line is broken).

3) ENGTEX—Formed a “Doji” today indicates indecision, sideways movement is expected. A break above $1.65 will test immediate resistance of $1.67/$1.69 if break will try previous high of $1.76/8 ( The Dark Cloud formed on 29/10 at $1.76 is shadowing the upward movement of EngTex). Immediate support adjusts to $1.59 & strong support at $1.54. Stop Loss if $1.54 is violated.

4) GUNUNG— As suggested tried to clear the “Doji” formed on 07/11 at $0.955 but failed in this attempt, the momentum of downward movement has decreased. If break $0.955 it still needs to clear the Dark Cloud formed on 30/10 ($0.975) to carry on its upward movement. Immediate support adjusts to $0.92 with Strong at $0.90. Stop Loss if $0.90 is violated.

5) HAPSENG— Formed a Gravestone Doji which is Bearish, expect sideways movement between $2.46 to $2.53 with strong support at $2.43. A break above $2.55 will takes it to the next Resistance of $2.57 and the previous high of $2.62. I have raised my Stop Loss to $2.43 to protect my capitals.

6) MPHBCAP- Formed a “doji” means indecision. Unless it could break above $1.70 with volumes ,RSI has shown more weakness so the chances of MPHBCap to break below $1.66 towards $1.64 is gaining momentum. Exit if $1.64 is violated.

7) PELIKAN—Formed a Separating Line today which the first candle is white and today candle is black is bearish. It is expected to re test support of $0.66 fails to hold will accelerate the downward momentum. A break above $0.70 signal consolidation break out and if clear the Dark Cloud formed on 22/10 ($0.72 test the previous high of $0.795. Exit if $0.66 is violated.

I won”t be buying into any stock unless can clear some stocks as I am trading as my Max of 7 stocks.

HAPPY TRADING..

Twobits, I use the daily chart. I don’t normally use indicators except when I am looking for Bullish or Bearish Divergence, I normally use RSI as it gives a better picture of the patterns than Candlestick chart.Sometimes I use SMA to re confirm the support/Resistance .

I keep my chart reading as simple as possible by using Candlesticks, pattern, breakout and volumes, Support and Resistance. I think you know indicatosr are lagging and price derivative except volumes.
To me the Plan and Discipline are the utmost important factors to make $$ in the stock market. TA as a guide only !

STAR after the breakout from $2.50 have found immediate support at $2.56, very Bullish should re test previous high of $2.64 and beyond.

Happy Trading.

11th NOV

1) AZRB— Forms a Down trend channel, expects trending ranges of $0.96 to $1.00. Any rebound should find strong resistance at $1.00. Unless it could break above $1.00 AZRB looks like trending inside the channel. I may clear this stock on any strength to preserve my capitals. Exit if $0.96 is violated.

2) CUSCAPI— Uptrend Channel, short term may consolidate towards support of $0.465 if $0.48 is violated. Trending range of $0.465 to $0.53, immediate support adjusts to $0.48.It formed a” Doji “on 07/11 at $0.505 and this level needs to be taken out before it could move further upwards. A break above $0.53 will take it to $0.56 and TP of $0.60.Stop Loss if 0.46 is violated ( Uptrend Line is broken). For those traders who intend to trade inside the channel may want to clear near $0.53 and buy back near $0.48/$0.46.

3) ENGTEX—Formed a Bullish Hammer on 07/11 indicates trend reversal. Bought in on Friday at $1.61,it rebounds to the high of $1.65 before closing at $1.63.It is expected to move higher to test immediate resistance of $1.67/$1.69 if break will try previous high of $1.76/8 ( The Dark Cloud formed on 29/10 at $1.76 is shadowing the upward movement of EngTex). Immediate support adjusts to $1.59 & strong support at $1.54. Stop Loss if $1.54 is violated.

4) GUNUNG— Uptrend intact,Sideways movement with trending range of $0.92 to $0.955. Beside the Dark Cloud formed on 30/10 ($0.975) need to be taken out it now need to clear the “Doji” formed on 07/11 at $0.955. Strong support adjusts to $0.90. Stop Loss if $0.90 is violated.

5) HAPSENG— A Long Lower Shadow plus 3 white candles for the past 3 days more upward movement is expected. It is expected to re test next Resistance of $2.57 and the previous high of $2.62. Immediate support is adjusted to $2.47/$2.43 I have raised my Stop Loss to $2.43 to protect my capitals.

6) MPHBCAP- Formed a Bullish Hammer, trend reversal? A break above $1.70 with volumes indicate a breakout from the down trend line signal Buy ( I may scale in more shares). Immediate Resistance is at $1.73/$1.78.Since the Price and RSI Divergence had been corrected , i am lowering my exit level to $1.64 to give the stock more room to maneuver.

7) PELIKAN—It is very Bullish after breaking out from the Down Trend Channel on 06/11. Consolidation sideways movement is expected between $0.66 to $0.71. Still need to clear the Dark Cloud formed on 22/10 ($0.72) before carry on its upward movement to test the previous high of $0.795. Immediate Resistance is at $0.72/0.75 .Exit if $0.66 is violated.

I won”t be buying into any stock unless can clear some stocks as I am trading as my Max of 7 stocks.

HAPPY TRADING..

P/s miketyu—You are welcome. Please use indicators with care, reading too much into it may confuse traders sometimes. I think you know all indicators are derivative of price except volumes is independent.

Miketyu,pathew,Tiongms,bbinvest & jennylee, here are the charts reading for the counters you all had requested.

MMODE—Very Bullish at stage 2 of the cycle.It broke out from $0.515 on 17/09 with volumes with an estimated TP of $0.715 which was achieved on 29/10. It is on uncharted territory and hit a new high of $0.75 on 06/11, if break may try $0.80. Some consolidation can be expected to clear the overbought position. Immediate support adjusts to $0.68/$0.66. Exit if $0.64 is violated.

FIBON—Broke out from the consolidation at $0.48 on 22/10 with volumes signal BUY and started its stage 2 of the cycle.The breakout gives an estimated target of $0.70 which Fibon is trying to achieve. Immediate support adjusts to $0.60 with strong support at $0.56. Exit if $0.51 is violated.

SALCON—I traded this counter from 06/09 to 12/09 locking in profits at $0.70.Now it is trending between $0.63 to $0.715. Formed a Dark Cloud on 31/10 at $0.70 since then it has failed on 5 occasions to close above $0.70.For trending counter normally when it is near the top channel($0.715) traders will sell and hope to buy back when it comes back down $0.63. Unless it break above $0.715 with volumes signal BUY and will test immediate Resistance at$0.745/$0.80 level.Immediate support adjusts to $0.675/$0.65. Exit if $0.62 is violated.

DESTINI---Trying to break through its strong Resistance of $0.38, if this level is taken off with volumes signal satge 2 of the cycle. It has an immediate TP of $0.445 and Final TP of $0.475. If not it should be trending between $0.35 to $0.38. Strong support adjusts to $0.325. Exit if $0.315 is violated.

TMS—Stage 1 of the cycle, expects a trending range of 0.075 to $0.105. Nothing is happening here unless $0.105 is taken out.

MPI---Stage 1 of the cycle, it is building momentum to break out from the neckline of $2.96 (High formed on 07/01/2013, if happens it forms Consolidation Breakout on weekly chart). A break above this level with volumes signal BUY and it will start stage 2 of the cycle which is very Bullish and has an TP of $3.50. At the moment may consolidate due to Bearish Harami formed on 07/11 and a break below $2.86 may takes it to the immediate support of $2.81/$2.76.Exit if low of $2.76 is violated.

twobits—Thanks for the comment,I am not qualified to write any book, like eneryone here I am still learning.

Tiongms--PJ Dev (I had done the chart reading for this counter before, please refer to my earlier post)..

sephiroth— I am very happy that you are doing well in the stock market ( I think you know about 10-20% of people actually make good money from the stock market consistently). 2 years holding on a stock, I respect your patience. Really appreciate you sharing your portfolio and highlighting Amcorp to us.

profitMan-Thanks for your input on EngTex WA, look like few of us are in EngTex together. Don’t worry Man Utd will beat Arsenal tomorrow night…

jennylee— Insas I had done the chart reading before, please refer to my earlier post.

Connie9170, it is OK as this thread is for all Bro and Sis to share their experiences in stock trading. Maybe not Final Fantasy….

Have a nice weekend !!

miketyu, i will study the chart of Salcon for you this weekend. Still many charts i have not reply as i am busy arranging reunion dinner tonight.

bbinvest, Doji means "indecision" and normally you need another candle to confirm whether to Buy or Sell.

Have a nice weekend everyone !!

profitMan, I think if we share our sincere and honest experiences, people will appreciate it. Thanks for your good works and contribute towards this thread. Appreciate it. For EngTex the long lower shallow yesterday was very convincing that it has found a new bottom at $1.54. That is why I went in today.May add more on further weakness.

Lwalks, I think Fitters do a “Breakaway” Gap today which is very Bullish. If I can clear some of my holding I am definitely interested to be in Fitters too if Gap support holds.

Pathew, congratulation on your Insas. Hope you make $$$ on it !! Anyone in Destini or would like to comment on Destini?

Welcome jjoker to this thread and thanks for sharing Hovid & WA. Anyone which to share any comments on Hovid?

Bbinvest, I had done the chart reading for Scomies for you on 6th Nov. Please refer to my earlier post.

Happy Trading…

Lwalk & viviyap, my reading on:

Fitters—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.

Thanks profitMan for sharing your experiences on Fitters, your input is appreciated and you are a smart trader too on Fitters.

ECS—Completed the previous cycle on 28/08 and found a new bottom at $1.04.It broke out from $1.19 on 28/10 signaling it started its stage 2 cycle which was very Bullish. It further broke away from $1.26 on 1/11 with volumes having an estimated target of $1.48. For ECS to achieve its target it must be able to stay above $1.36 9top formed on 20/05). Any retracement should find support at $1.26( a break below this level indicates weakness),strong support at $1.23. Exit if $1.22 is violated.

EUPE—Still at stage 1 of the cycle, trending from $0.72 to $0.80. Unless it can breakout from$0.80 with volumes traders like us wont be interested.

Jennylee, I think Hapseng WA behavior is about the same as Hapseng. For the WA it has 2 “Doji” formed on 22/10 at $0.94 and 23/10 at $0.86 needs to be taken off. I cant help on what price to sell, you need to make that decision. When I am on a winning trade the first thing I do is to protect my capitals or any profits if there is. If the stop keep moving up I will keep raising the my Trailing Stop to protect my profits. If you read my post I have raise my Hapseng Stop Loss level from $2.36 to $2.43 today to protect my capitals.

PRTASCO—it is on my watch list, but I would not consider until that Doji formed on top at $1.44 on 25/10 is taken off.Now it is in tight trending range of $1.37 to $1.40.

But because today I start to buy EngTex around $1.61 and have already hit my limit of 7 stocks and cannot consider any other at the moment.

Oop…Lunch time…

Happy Trading..

Doremi88, Alam is on my watch list too..Yap i also sold mine last round when it could not break $1.67. It is resting on its immediate support of $1.57. At the moment trending between $1.56 to $1.63.

Csk396 welcome to this thread. My reading of the chart for:
YTL—Completed the previous cycle on 7/10 finding a new bottom at $1.49.It broke out from the double bottom at $1.58 with volumes and achieving its immediate target of $1.66 on 30/10. It is expected to trend between $1.60 to $1.66. A break above $1.66 with volumes will confirm it is on stage 2 of the cycle and has an immediate target of $1.72 and beyond. If you are a trader like me Exit if $1.58 is violated

To buy or not you need to make your own decision, I can only help to interpret the chart for your reference.(That also is not 100% Ok?)

Tiongmas, chart is only a guide. You will need to make your own decision whether to sell or holds. I think you know of any stock after a rally it is always a pullback K?

Happy Trading…

8th NOV
1) AZRB— As suggested after the Gravestone Doji yesterday it rebounded to $0.98. More rebound could be expected to test $0.985/$1.00. Look like support of $0.96 is holding well. Unless it could break above above the down trend channel at $1.02 with volumes it is expected to trade between $0.96 to $1.01. Exit if $0.96 is violated.

2) CUSCAPI—Bought in Cuscapi at $0.485 today. Stage 2 of the cycle and it is very Bullish. Broke out from $0.45 on 10/10 with volumes which add significantly to the breakout. After consolidating between $0.44 to $0.48 it broke out from $0.48 2 days ago with volumes and hit its immediate target of $0.52. Formed a Doji today indicates “Indecision”. A break above $0.52 will take it to $0.56 and TP of $0.60.Immediate support is adjusted to $0.48/$0.46. I will take losses if 0.46 is violated ( Uptrend Line is broken).

3) GUNUNG— As suggested tested immediate Resistance of $0.95 but failed to clear it. Formed a Doji indicates “Indecision”. Unless the Dark Cloud formed on 30/10 ($0.975) is taken out Gunung will be shadow by it for further upward movement. Immediate Resistance adjusts to $0.965/$0.975. Immediate support adjusts to $0.94/$0.92. I have raised my Stop Loss from $0.89 to $0.92 if it is violated.

4) HAPSENG—As suggested Hapseng broke the “Doji” of $2.47 with increased volumes and move to a high of $2.55 before settling at $2.52. 3 white candles for the past 3 days indicates more upward movement. It is expected to re test next Resistance of $2.57 and the previous high of $2.62. Immediate support is adjusted to $2.47/$2.43. I have raised my Stop Loss from $2.36 to $2.43 to protect my capitals. ( Or I amy lock in profits by selling into strength).

5) MPHBCAP- Due to the Price and RSI forms the Bearish Divergence indicates weak undertone, MPHBCap is most likely to break below $1.66 into the down trend support of $1.62. It needs to break above $1.70 to signal its upward movement. 3 black candles past 3 days show more weakness. Exit if $1.66 is violated.(Most likely to take some losses on MPHBCap).

6) PELIKAN—Re tested the breakout of the down trend line support of $0.68. It is expected to trend between $0.67 to $0.695 during the consolidation. Still need to clear the Dark Cloud formed on 22/10 ($0.72) before carry on its upward movement.Immediate Resistance is at $0.72/0.75 .Exit if $0.66 is violated.

I am monitoring Star (may buy around $2.50),PRTASCO & EngTex (Bullish Hammer formed today).

HAPPY TRADING…

Sephiroth, my reading of
HOMERIZ—Breakout with rising window ($0.47--$0.50) from $0.47 on 29/10 with Big volumes confirms stage 2 cycle. Immediate target of $0.56 was achieved on 31/10. Breakout again today with volumes above $0.555 to the high of $0.605. It has the TP of $0.70 with strong resistance at $0.655. Any consolidation towards immediate Gap support of $0.555/$0.54 is a good time to accumulate for future play. This is definitely a winner. Not sure about your trading style I would put a Trailing stop below $0.54 to protect my profits.

JaniceLove, I normally trade Mid Cap stocks so my stop loss is always not more than 10%, preferably 5—7 %. The stop Loss cannot be too small if not we might be shaken out often. Sorry I am not familiar with mplusonline portal !

Tiongms, by breaking out from the symmetrical Triangle it has a real big TP of $5.80 ( You are on a winner). But whether it will get there or the time to get there your guess is as good as mine.Immediate support is adjusted to $4.50/$4.47 with next Resistance expected to be at $4.80. ( Now it is in uncharted territory).

Good Night.

FA & TA, always in rebate. To me just 2 schools of thought, both are powerful if you use them correctly. Thanks to sephiroth and profitMan that contributed some positive inputs on them. Sephiroth the works you put into FA to find winners is to be respected.

Bbinvest, glad that you have locked in your profits in Inari, my congratulation to you.

HAPPY TRADING….

Jennylee, chart for

ASUPREM—After completing the previous cycle finding a new bottom at $0.17, it is still at stage 1 of the cycle trending between $0.18 to $0.235. Unless it can breakout from $0.235 with volumes signal stage 2 of the cycle you may want to clear around $0.235. For trending counter the normal strategy is buy near support of $0.18 and sell near Resistance of $0.235. Exit if $0.17 is violated.
Oh ya, I bought in CUSCAPI at $0.485 looks like support of $0.48 is staying, thanks for the alert !!

sephiroth, happy to hear you are doing well in TA and OSK, not many makes money from stock market. My congratulation to your winning.

Miketyu, we used to trade Salcon but I think all of us sold already. Anyone still trading Salcon and may like to give some comments on Salcon?

Bbinvest, profitMan chart reading for Inari is about the same as mine, thanks profitMan.
INARI--- If you are trading this stock it may be a good idea to put a Trailing Stop to protect your profits or capitals. It has hit a high of $1.40 on 3 occasions but failed to clear it. Immediate support is at $1.33/$1.30.The stock has defied gravity few times and keep setting new highs. A break above $1.40 will take it to $1.46/$1.50. Exit if $1.28 is violated.

Need to go to the airport to pick my wife..really miss her !! Happy Trading everyone !!

7th NOV

1) AZRB— Formed a Gravestone Doji at the bottom, trend reversal? As long as $0.96 stays a technical rebound could be on the card for AZRB. Immediate resistance at $0.985/$1.00. AZRB is still very bearish and most likely to break below $0.96 unless it could break above the down trend channel at $1.02 with volumes. Exit if $0.96 is violated.

2) GUNUNG—The support of $0.92 holds so far, more rebound could be expected from Gunung to try immediate Resistance of $0.95/$0.975. Unless the Dark Cloud formed on 30/10 ($0.975) is taken out Gunung will be shadow by it. Immediate support is adjusted to $0.92, Exit if $0.89 is violated.

3) HAPSENG—Yet to clear clear the “Doji” formed on 31st/10 at $2.47,it needs bigger volumes to clear the Doji. if clear it is expected to re-test previous high of $2.62. Immediate resistance at $2.47/$2.52.Immediate support is at $2.40 and strong support is at $2.36. Exit if $2.36 is violated.

4) MPHBCAP- As suggested side way movement, Trending range is at $1.66 to $1.73.The first signal if MPHBCap is breaking out from its down trend line is when it break above $1.71. Exit if $1.66 is violated.Again Price and RSI started the Bearish Divergence indicates the undertone could be weaker that thought.I may start to clear MPHBCap on any rebound due to the Bearish Divergence.

5) PELIKAN—Stage 2 of the cycle, very Bullish.It breakout from the Bullish Flag pattern today ( I scale in another 40% of shares now my Average cost increased to $0.685) with increased volumes. By calculation it has an immediate TP of $0.85. Still need to clear the Dark Cloud formed on 22/10 ($0.72) before carry on its upward movement. Immediate support adjusts to $0.68/$0.66, immediate Resistance is at $0.72/0.75 .Exit if $0.66 is violated.

I am monitoring CUSCAPI if $0.48 stays, Star,PRTASCO & CAP.

HAPPY TRASDING...

Bbinvest, due to my heavy load of looking at other charts I will just look at scomies for you tonight.I will look at others when free tomorrow.
Scomies—It is still at stage 1 of the cycle unless it can close above $0.765 convincingly then it may start stage 2 of the cycle. It is more likely to test its immediate support at $0.715 if break may re test previous low $0.675/$0.625. Chart wise it is bearish after forming an Engulfing Bear on 31/10 ($0.775) and this Bearish sentiment will shadow Scomies until it is taken out.

twobits, i started to collect when it was around $0.68, but it did turn bearish and about to hit my cut loss level. Doesn”t matter we are learning every day, chart is only a guide. Even a Descending Triangle, you must look at the direction of the breakout, that will decide whether it is going up or down.Say an Ascending Triangle if it breaks down the counter will also come down too. Normally a triangle will follow the earlier trend.( whether up or down, still it is 100% true).
For DIGI it is what we call a Bull Trap, I am caught many times too. But if you have set a trailing Stop or Cut Loss level at $5.00 then you are ok. That is why I always say a plan is the most important factor to make $$$ in this market. Remember chart is only a Guide !! Now DIGI is forming Double Tops and neckline is at $0.485, if break below will go down further.

Connie9170, GPacket breaks the resistance of $0.525 today with average volumes,formed a “Seperating Line” which means the uptrend should continue. Any weakness towards support of $0.525(Resistance turns support) is a good time to accumulate for future play.A break above $0.565 will take it to next resistance of $0.60 and TP about $0.64.Immediate support adjusts to $0.54/$0.525. Exit if break below $0.505.
If you buy at $0.55 and cut losses at $0.51, your risk is 4 cents. Your target is $0.64 which is 9 cents from your purchase of $0.55, that give you a risk ration of 1:2.25. Which is a good ratio.
But if you look at the strong resistance at $0.60 that only gives you a cushion of 5 cents and turn your Risk Ratio to be 1:1.25 which is less than 2, I wont buy this counter at $0.55 but maybe near $0.525. Then that is me and who knows it will just shoot to TP of $0.64 as forecast by you. Good Lucks.

Happy Trading..

Welcome Lollipot Anison , imoogi99 ,miketyu& bbinvest to this thread, thanks imoogi99 for clarifying GPacket chart wise.

Sis Metta, profitMan makes the right assessment on EngTex, It is heading south after breaking below $1.67 today.

Sephiroth thanks for the information on Hapseng WA, appreciate your inputs. I already bought the HapSeng earlier, not too sure about trading warrants as it has a expiry dates right?

Bro pathew, Cuscapi is very Bullish after the breakout today..alert by jennylee. Thanks jennylee..

Bbinvest, I will look into the charts of Inari, Mmode, Fibon & Scomies for you later. Anyone who is trading these few counters? Maybe you all can help bbinvest out here..

Happy Trading..

Twobits, I would like to share my trading plan of Pelikan with you.
For Pelikan it is at stage 2 of the cycle, very bullish.This uptrend is considered intact as long as $0.60 is not broken. For me I bought this counter average at $0.68 and put a stop Loss below $0.66 ( at 2 cents risk while the uptrend target of $0.72/$0.80, my risk ratio is larger than 1:2 ). The Descending triangle you are referring to is actually a Pennant, a triangle does not have a Flag Pole like Pelikan. But you are not wrong if it breaks below that level it will most likely go all the way down to $0.60. Actually Pelikan is forming a Bullish Flag with the range of $0.60 to $0.69. For long term traders there will only exit if $0.60 is violated. For me, I am just a position trader I would not take a loss more than 10% . As I always say everyone is different so I am just sharing my trading method with everyone that read the thread here. I don’t advise anyone to buy the stocks I am trading neither do I advise anyone to sell. Hope this helps.

profitMan—It is ok you don’t get it this time, better lucks next time.

Happy Trading..

jennylee, ya Cuscapi breakout from $0.48 today, if the $0.48(Resistance turns Support) stays the next target is $0.54/$0.58. Any weakness is a good time to accumulate for future play. Congratulation you are on a winner. Thanks for sharing. I may buy some too.

Thanks inwest88 and profitMan, ya I am very lucky but too bad did not get Caring..Still I am very happy from the profits of Wport,UMWOG and Karex..

Pelikan—Break out from Down trend Line just now, I scale in another 40% of shares.

Happy Trading..

Sis metta, ya, must learn to be disciplined, the only way to make $$$ from this stock market.

Bro tiongms, thanks for your comment. “ A picture tells a thousand words”. We just interpret the chart whether it will go as we reads depend on the market sentiment. The important is you have a plan then it is ok to trade any counter.

Bro htyeap, it is never too late to apply your TA knowledges for the entry and exit. The trading plan is the important one for example your IJM Land when hit $3.30 you must set a “Trailing Stop” to protect your profits.
Ya..it will be nice to meet sometimes for Yum Cha or dinner..

Oh sold all my Karex, very happy with the returns..Month of Nov. suddenly turn out to be a good start..

HAPPY TRADING..

6th NOV

1) AZRB— 3 Black candles for the past 3 days and resting on my Stop Loss level of $0.96. AZRB is very bearish and most likely to break below $0.96 soon, any rebound may be a good time to clear some holding. Unless it could break above the downtrend channel at $1.02 with volumes AZRB is most likely the first counter that I need to take some losses in November.Exit if $0.96 is violated.

2) GUNUNG—After Dark Cloud formed on 30/10,GUNUNG kept moving downwards and may test its next support at $0.905/$0.89 (Up Trend Line).GUNUNG is expected to rebound when hit near $0.89. 4 black candles for the past 4 days, it is very bearish. Immediate resistance adjusts to $0.95/$0.975. Exit if $0.89 is violated.

3) HAPSENG—I have accumulated HAPSENG around $2.40-$2.43 ,now my average cost is about $2.42. Chart wise it is expecting to swing higher after finding the bottom at $2.36, If it can clear the “Doji” formed on 31st/10 at $2.47 it is expected to re-test previous high of $2.62. Immediate support is at $2.40 and strong support is at $2.36. Exit if $2.36 is violated.

4) MPHBCAP- Again Price and RSI started the Bearish Divergence indicates the undertone could be weaker that thought.Further side way movement is expected. Trending range is at $1.66 to $1.73. Exit if $1.66 is violated.

5) PELIKAN— The Engulfing Bear formed on 30/10 ($0.69) and Dark Cloud formed on 22/10($0.72) is shadowing the uptrend movement of Pelikan.A break above $0.69 signal its uptrend movement. Do exit if $0.66 is violated as Pelikan will turn Bearish if this level is violated.

I am also monitoring Perisai, Star (Stage 2 of the cycle), CAP & PRTASCO.

P/S : Oh ya, Karex listing tomorrow, hopefully It will give some good premium..

Choolooi, Bro htyeap is very good at the chart reading, what he said about the TA need to breakout from $0.74( Strong Resistance) is exactly correct.
HAPPY TRADING…

Happy Trading...

Sephiroth, the chart reading for :
TA--- Stage 2 of the cycle, very bullish. Breakout from $0.735 with volumes on 4th Nov. and hit high of $0.78 (Doji formed on 08/04/2011 need to be taken out). If break will test the previous high of $0.825/$0.86. Immediate support adjusts to $0.74/$0.735. Congratulation on your winning in this stock but it may be a good idea to put a “Trailing Stop” to protect your profits. Thanks for highlighting the stock to us, I am also interested if $0.74/$0.735 holds.

Lindw- I normally limit my losses to be less than 10%, preferably 5-7%.

Choolooi—don’t worry, we are learning every day. It is not easy to pick a winner when we found one we will try to ride on the profits as long as we can.

profitMan, i am also interested in EngTex,hope the hammer is the Bullish Reversal too.

Happy Trading..

Sis Metta, for Tropicana you are what we call from trader to become ‘Involuntary investor”. You should have taken the losses earlier, I will explain to you why you need to take losses as low as possible.
Many of us may not realize but do you know that a 10% decline in price needs 11% effort to get back. I will quote an example: if you buy a stock at $1.00 and it comes down to $0.90 which is 10% loss, but from $0.90 to climb back to $1.00 has become 11%. So if your stock decline 50% say to $0.50, then the effort to go back from $0.50 to $1.00 has become 100%. Got the picture? So you must always limit your losses by “Lose little but win big”.

Choolooi, I am happy that you still have Censof maybe you should set a trailing stop to protect your profits. I am happy with the gains for such a short period. Will re look if break above $0.645 convincingly.

Addyisme, welcome to this thread. I am sure lots of bro and sis will help you if you have any query on trading.

profitMan, thanks for sharing EngTex, I am not familiar with Fibonacci number but the gap supports of $1.67/$1.68 happened on 28/10, must be a coincidence that it is the 38% retracement. Ya, it did form a long lower shallow(hammer) which is normally a Bullish reversal. Just be a bit cautious as three black candles past 3 days.

Happy Holiday..…

ProfitMan,me too. Cleared all my CENSOF at $0.64, choolooi, thanks again for highlighting the stock to me for a quick and fast trade. As suggested EngTex did close the gap at $1.67/$1.68.

Kerenie, welcome to this thread. There are many good technical books in major bookstores,since you are new maybe you can start with TA for beginner. I am into Candlesticks pattern. It does give very good Reversal patterns.

Bro pathew, you are always busy and we all miss you, the yumcha may need to refer first as I will be away for 1 month from Nov to Xmas..

Connie9170, thanks ! I think I am the lucky one..Will check woods macrobiotic…

Bro tiongms, Genm break out from the symmetrical triangle today, congratulation you are on a winner!

KBYap and g888, you are welcome. Remember the chart reading is not 100%, please have an exit plan if you are entering a trade with TA.

Have a nice holiday…

Bro g888, welcome to this thread.

INSAS—Very Bullish,at stage 2 of the cycle. Today breakout with volumes from $0.65 and moving towards $0.80. Any weakness is a good time to accumulate for further play.The next strong hurdle is estimated to be around $0.85. Immediate support is adjusted to be $0.70 and strong support at $0.65 (Resistance turn Support). Congratulation, you are on a winner.

Twobits, you can download the Free EOD at :
http://www.klse.info/downloads

Sis metta, Engtex is still under my watch list, it is still under consolidation and may test the Gap support of $1.67/$1.68. The Risk ratio is still high for me at the moment. Haha, I am too old for blind date( anyway enjoy your humour), but to belanja you vege dinner no problem. I am happily married with a loving and beautiful wife.

Viviyap, thanks for the alert on GUNUNG. It has not hit my Stop Loss level yet. When it hit below $0.89 I will be out with some losses.

Happy Trading.

Bro Tiongms, my reading of the 2 charts:

1) DELEUM—Very Bullish, it is at stage 2 of the cycle.It breakout from double bottoms at $2.83 on 04/10 signal Buy and has TP of $4.86 by calculation.Hit the high of $4.62 past 3 days and there are some profits taking activities and may consolidate further.Immediate support is adjusted to $4.40 and strong support at $4.20.
Deleum if break $4.62 will scale higher to its TP of $4.86.
Not sure what your trading plan is for me I will put a Trailing Stop if $4.20 is violated to lock in my profits.

2) GENM—It is forming Symmetrical Triangle and most likely to breakout from the triangle soon, the lower trend (Support)is at $4.26 and upper trend(Resistance is at$.38. A break above $4.38 with volumes signal BUY and should try its immediate resistance is at $4.50 if break will enter un charted territory. 3 white candles for past 3 days indicating an uptrend should continue in near term, any consolidation should find support at $4.32/$4.26. Exit is $4.26 is violated.

Sis Metta, always nice to see you back, are you a vegetarian? Look like I do owe many of you a dinner. Not sure about you all but I am in KL.
Bro Lindw, welcome to this thread and thanks for your comments.
3) FOCAL-- very bullish and definitely in stage 2 of the cycle. The stock is trending now between $1.88 to $2.32.Recent weakness may see Focal re test its immediate support of $1.96/$1.88. For traders that trade this stock may try to buy near support and sell near resistance until a breakout if confirmed.
Exit if $1.88 is violated.

Thanks profitMan for sharing MBL and TA of the counter. Will definitely have a look..

HAPPY TRADING….

KBYap &tiongms, welcome to this thread.

KBYap since you are new to this thread I presume you missed some of my earlier posts that I I had mentioned I read the chart and also using Metastock version11. I also mentioned I only use the chart as a Guide for entry and exit, the most important is you must have a plan before you enter a trade, be disciplined to execute the plan. I learnt my TA over the years through books like many of the traders here. I like Candlestick the most and base on my analysis mostly on Candlesticks.
The software if you are familiar with Metastock is you must have basic TA knowledge to instruct it to perform certain analysis for you. No, I don’t copy it as the softwares cannot tell you :
a) the chart pattern like Triangles,Head ans Shoulder or cup and handle etc etc..
b) it also cant perform stage analysis of the cycle for you which I based strongly to enter trade.
c) The support and Resistance, every TA is difference, some use 21 Days, 30Days, 50 Days SMA so if you tell the software you are using 30 dyas it can plot the support line for you. Some use Fibonacci to work out Support and Resistance and no one is wrong or right. Software can help you to work out those levesl but you MUST instruct it, so without basic TA knowledge you will be confused by the softwares indicators.
d) All indicators are price derivatives except the one I like VOLUMES. Volumes is by itself and not affected by price but human emotion. So to me I always look for volumes break out.

If you a TA like me and use Metastock too then you will know the software helps but you cant depend on it to make money. Like many traders with the software and TA analysis many of times I still pick losers,there is no Holy Grail that will tell you when to buy and exit and make money for you. (I wish there were then the stock market is not a zero sum game anymore right?)

Bro Tiongms, I will look at the 2 charts Deleum and Genm for you later.

Happy Trading.

4th NOV

1) AZRB—More side way with downward bias is expected. AZRB may try the next support at $0.97/$0.96. It needs to break above the downtrend channel at $1.02 with volumes to scale higher. Expected trending range $0.96--$1.00. Exit if $0.96 is violated

2) CENSOF —As suggested tested support of $0.585/$0.575 on Friday before rebound to close at $0.605. It is expected to re test resistance of $0.615/$0.62. A break above indicates it is ready to challenge the target of $0.645.The Price and RSI start to form Bearish Divergence so I may clear Censof by selling into strength to lock in some profits. Exit if $0.55 is violated (Higher Low).

3) GUNUNG—Show more weakness after the Dark Cloud formed on 30/10, 3 black candles indicates more consolidation is expected. it is expected to test the gap support of $0.935 but if it holds should move upward to re test resistance of $0.975.( It needs to clear this Dark Cloud to scale higher). Exit if $0.89 is violated (Higher Low).
4)MPHBCAP- Formed a “Doji” last Friday that means “ indecision”. Expect trending range of $1.67 to $1.72. If it breaks above $1.72 will test previous high of $1.78. Exit if $1.66 is violated.

5) PELIKAN— It tested my exit level of $0.66 last Friday and manage to hold, the Engulfing Bear formed on 30/10 ($0.69) and Dark Cloud formed on 22/10($0.72) is shadowing the uptrend movement of Pelikan. it is most likely to break down from $0.66 unless it can break above $0.69 in near term. Do exit if $0.66 is violated as Pelikan will turn Bearish if this level is violated.

I started to collect HapSeng around $2.40 to $2.43. Exit if $2.36 is violated with possible target of $2.57/$2.62. (Risk Ratio of greater than 1:2).

I am also monitoring Perisai, Star (Stage 2 of the cycle), & PRTASCO

HAPPY TRADING...

connie9170,inwest88 and profitman, in share trading we are bro and sis..but in football we are enemies, haha !! Anyway i do like Arsenal style of play and i think you have a great manager.

profitMan working out the max losses before entering a trade is a right way too. I used to do it the wrong way that is calculate my gains before entering a trade, it was a horrible when the trade turned against me,i dint know what to do. Now i will just take the losses and move on.

Happy Trading..