ipomember--As long as Moyes in our manager, i am 100% behind him.

Hot.T--You are like me too..

CityTrader --OKA not my counter (also not in my watch list), i think Jenny asked for the chart reading for this counter last week.

ENGTEX-- I used the word " in the process of completing the “Inverted Head and Shoulder” "..Try to draw the descending line from $1.32 to $1.29 and look at it upside down again, maybe you can spot the "Inv H&S" pattern is forming if Engtex retreat downward to form the right shoulder. (Inv H&S is a BULLISH formation if break above the neck line).

HAPPY TRADING...

Bro htyeap125 , me too MU fan since 1976 when i was in England for my Uni degree...
Tonight derby game with our noisy neighbour...
Glad that we support same team..

Here are some of the charts that requested by Bro & Sis here…Thanks Stockwatch I do need a Kit Kat day because tonight kind of bz with my BPL football matches…

1) GPacket—Breakout from descending line on 09/09 and on the 3rd day of breakout it hit the target price of $0.465 with extremely high volumes (Buying frenzy?). Since then it is struggling to stay above $0.465 amid 6 attempts. Unless It can stay above $0.465 convincingly to scale higher it is most likely to consolidate towards supports of $0.435 and $0.41.
Exit if $0.41 is violated.

2) OKA—Very Bullish, set a new high of $0.78 on 19/08. It is expected to re-test its previous high and if break may try TP of $0.84. For those who trade OKA may want to collect during its consolidation near to support of $0.70/$0.68. Exit if $0.65 is violated. (The problem of trading this counter is the volumes), it is definitely not suitable for short term traders.

3) SUCCESS—It staged a technical rebound 3 days ago but failed to clear the” Descending line”. It “Gap” up on 19/09 above a Big white Candle and formed a “Doji” at top, a strong indication of Trend Reversal (Aggressive traders normally will sell and not wait for further confirmation). Unless that Doji of $1.20 is taken out convincingly with volumes (Buy Signal) it is expected to move downward. Immediate support is adjusted to $1.16/$1.15. Due to that “Doji” on top you may want to Exit if $1.15 is violated.

4) ENGTEX— Bullish counter, in the process of completing the “Inverted Head and Shoulder” (Inv H&S) pattern. Set a new high of $1.32 on 18/07 with a “Doji” at top, a breakout from the” Inv H&S” must be able to clear that” Doji” to confirm the breakout. The first signal of breakout is it moves and stay above $1.27 (The descending line) with volumes.
Immediate support is adjusted to $1.20/$1.15. Exit if $1.15 is violated.

HAPPY TRADING…..

CityTrader &inwest88— you are so right we are here to makes $$$ from the stock market, sharing our knowledge and experiences so that others may be able to learn from our good or bad trades. We are not here to prove who is right or wrong, so personal attack or sarcastic remarks are not needed here because it does not help anyone.

jennylee1382—Yum Cha hasn’t settle yet, now Karaoke. You must be good singer…
Shariah-compliant securities are stocks that need to fulfill the Islamic practice..Genting,GAB definitely not in !!
To look at the chart—In this forum,Goto Stock quote, search the stock, under Technical click on price chart…

CityTrader--GPackt –I will look at the chart over the weekend. I think you are not far off from your chart reading…

ProfitMan—I totally agree with you comment that whichever technique, FA or TA or whatever, there is no right or wrong .. TA needs to respect those FA & vice versa..

Good Night...

rubberneck3--Welcome to our thread, you MUST set an exit plan before you buy any counter. You don’t need to “escape” if you have an ”exit plan”.
Sis Metta---Puncak in my Portfolio i update the counter every day. GOB is also in my watch list. Don’t worry If you don’t take up positions market is on every trading day.
Bro Sephiroth --- Congratulation to your winning…Thanks for highlighting the Syariah Compliant stocks.
ProfitMan--- INARI is also in my portfolio. Your comment about selling can be a good guide for us here. As I always say ‘Sellin” is the most difficult part of trading. I really hope the traders here can cultivate the habits of locking in profits whenever opportunities arise.
CityTrader---Wow..you technical analysis of Engtex is quite impressive,I like the phrase “the bull & bear are fighting hard each other”, sound so professional. Also thanks for highlighting Terbau to us. Your TA is good.
Just a warm reminder as a TA we don’t predict but interprets ,don’t get confused. Because many times a stock can surge passed the resistance an turn out to be a “Bull Trap”. I am caught many times as I am not at my monitor and “BUY” instruction was given out. If you are monitoring a Break Out please make sure that breakout point is tested and stay.
choolooi—when you r away in Upper Burma we v miss ur good humours .
winman 1---Welome, we are also monitoring GOB.
Bro htyeap125—We are all still learning TA together ( No sifu here). Your & CityTrader contribution and helping out others on TA is much appreciated.
If ever there is a Yum Cha session you will not be left out.
Hot.T---You are right beside discipline, focus is as important.
5894---Welcome to our thread, about your comment it is quite true if we make the wrong choice of stocks.
Stockwatch---Thanks for your input, it is an interesting scenario you put up using Tan Chong Motor on e price and FA because of Syriah compliant.

HAPPY TRADING....

ooi1955 --Welcome to our thread. Dont worry everyone is learning and if you have anything to share just let us know..We have technical & FA traders here maybe we can learn from each other.

Have a nice weekend...

All Bro and sis, happy to see that this thread has attracted many genuine and sincere traders that want to share their experiences.
I think with everyone inputs maybe we can avoid more mistakes in the market.
I share my portfolio because it is most genuine way to communicate and also those that are learning TA can study the counter together.Hopefully someone can point out to me if i mis-intepret certain signal in chart.
But as i said TA cannot win in stock, your management of risks and taking profits & protect capitals will in the long run.

Bro htyeap125 , your link looks interesting. Will look into it this weekend...

Have an wonderful weekend...

Sis choolooi—I am not “Big Boss”, like every one of you here, I am here to learn and help each other out ..
If there is a Yum Cha session I am sure everyone will be invited …Right Bro pathew?
Congratulation of selling off your INARI…Taking constant profits is the pathway to success. Then when the price move against you, please execute your Exit Plan too K?
HAPPY TRADING...

Sis choolooi, well done… It is ok if GUH may shoot back up, you enjoy your holiday. When you come back the market is always here.

jennylee1382—TA you can pick up quite fast if you invest into a TA book, learn them and slowly apply into the share market . Of course many times you will find that your reading maybe differ from the market movement. Learn from your mistakes, you don’t want to go through phases like me looking at the monitor and pray the stock will move up..The stock god may not be listening to us.

ProfitMan & lwalk , well done on INARI! A stock must justiy your confidence for greater profits. If not just cleared it and move on . I am still holding on my INARI until “Trailing Stop” level is triggered.

HAPPY TRADING...

Bro pathew, Like sis Metta saying, it is always nice to hear from you again. Gunung rebounded like others yesterday, so many counters are bullish now it can be easily over trade because of greed. I hope to clear some of my counters soon. I prefer to trade about 4-6 counters, 8 is the Max.

kakashi—Welcome to our thread. TA definitely cannot win in stock but do offer a good guide to enter & exit. It is the risk management that will win $$$ in a longer run.
TA or Fundamental just 2 schools of thought, no one is right or wrong.For me I dint do well while traded on Fundamental, and TA helps me to recover lots of my earlier losses & I do enjoy reading charts and trade on them, the satisfaction is well worth.

CityTrader—Thanks for sharing about the percentage point at Breakout, so much to learn in TA.

Sis choolooi—I am happy to hear you made $$$ on some of your counters, trading Big or Small the most important is NOT to lose your capital.

HAPPY TRADING..

20th Sep

1)E&O—Need to break above the $2.07 (Doji formed on 12/09) if not would move side way. A break above will try the next Resistance at $2.10. If E&O can break $2.10 with volumes (at least double the average volumes) it will scale the $2.20 and previous high. Will limit losses if $2.00 is violated.

2) PRESBHD—A break above its next resistance at $2.16 with volumes will propels PRESBHD back to its previous high of $2.24 and beyond. Will buys more on any weakness for further play. Adjusted my Trailing stop to $2.05 to protect my Profits. Immediate support is adjusted to $2.10/$2.05.

3) PUNCAK—Forming “Flag” pattern with tendency to trade higher (boundaries of $3.00 to $3.18 & rising). Immediate resistance is adjusted to $3.13. Will protect my capital if my Trailing Stop of $2.99 is violated.

4) PERDANA—$1.89/$1.90 will be a good test for PERDANA, a break above this level signal completion of “Cup and Saucer” pattern & will scale higer. Immediate support is adjusted to $1.81/$1.76.
Exit if $1.76 is violated.

5) INARI---Break and stay above $0.885 today but volumes not too convincingly. It is expected to test next resistance at $0.92/$0.925 and if break may try previous high of $0.985.
Support is adjusted to $0.885/$0.86.
(Note: May lock in profits by selling into strength if $0.925 cannot be broken.)
My Trailing stop is adjusted to $0.86 if violated will sell to protect my capital.

6) ALAM—Finally bought in Alam at $1.47 after 3 previous failed attempts. ALAM open Gap up at $1.46 today with 2X Av Volumes to breakout from “Descending line” signal “Buy”. It is expected to test its immediate resistant at $1.54/$1.62.
Immediate support is adjusted to be the “Gap” support at $1.46/$1.43.
Exit if $1.43 is violated

7) DAYANG—Break above $4.78 with increased volumes completed the “Cup & saucer” pattern signal “Buy”. Bought Dayang at $4.79 and it is expected to trade higher to test next resistance at $4.94 & Strong resistance at $5.03.
Immediate support is adjusted to $4.76/$4.70.
Will cut losses is $4.70 is violated.

8) MUHIBAH—Bought in Muhibah at $2.26 today and sold 50% of my holding at $2.39 for day trade gains. It performed better than thought by breaking $2.35 & closed at $2.40. It is expected to break its immediate resistance at $2.42 and strong resistance is at $2.57.
Immediate support is adjusted to $2.32 /$2.25.
Exit if $2.25 is violated.

I am trading at my maximum of 8 counters, unless I cleared some counters tomorrow wouldn’t be monitoring any counter or buying into anymore counter.

The counter I am most keen now is Kimlun, IJM Land is still not readied yet.

HAPPY TRADING....Good Night !!

Sis choolooi, for GUH it is not in my watch list.

I am impressed by CityTrader analysis on GUH he predicted that GUH can hit $1.58 today and it did.
Anyway chart wise GUH is very Bullish and price is into un-chart territory, it has an immediate target price of $1.68 (By Calculation & this is pure paper theory) if $1.58 is taken out with volumes .Immediate support is adjusted to $1.48/$1.45.

Since you bought at $1.48 like many traders the “Greed and Fear” factors come in (worry that if you sell it will move much higher and scare if don’t it may start to come down), this is the time you need to make a decision to sell into strength or set a Trailing Stop to protect your capital or profits.

That is what I meant when I said you must have an exit plan before you buy to take out that ‘Greed and Fear” factors. As I always say, selling is the most difficult part of trading. Once you master this & take emotion out of the trading I am sure you can find $$$ in stock trading.

HAPPY TRADING.....

jennylee1382—The 3 counters you mentioned I promised to look into them on weekend for you.
For TA you have to start on your own by either invest into a TA books or learn the basic on the links put up by Brohtyeap125 & CityTrader. I would like to suggest once you learn the basic try to read the chart and post here to tell us what you read, maybe we can guide you from there.

miketyu ---ProfitMan & Bro htyeap125 r right…There is no “Holy Grail “you need to learn and interpret the candlestick chart yourself.

Hot.T—Thanks for helping out on Hubline.

Bro htyeap125, thanks for sharing instanco & Hubline chart reading.

ProfitMan—Thanks for sharing your counters with us and hopefully they move to your targets. Remember in stock trading Selling is the most difficult part.
I hope CityTrader analysis is good for you on GUH.

CityTrader—Thanks for sharing link. Are you a TA too? If so do share your knowledge so we could learn together.
I am impressed on your analysis of GUH chart and workout the new target of $1.58. Can you tell me how you derive the TP is at 8% from $1.48?

fireball—Welcome to our thread , would appreciate if you could share with us the reasons why those stocks you mentioned are going down.

HAPPY TRADING....

CityTrader—Thanks for sharing link. Are you a TA too? If so do share your knowledge so we could learn together.

Sis Metta—Ya,Bro htyeap is very good in charts reading. I can only help those over the weekend to look at their charts. Trading days is difficult for me.
I travel a lots will be away from 24 to 30th this month too. Nov from 6th to 22nd & Dec also will be away from 1st to 22nd Dec. Anyway will try to find internet café to lock in but may not be able to access my charts.

Sis choolooi, "MATRIX " is definitely one of my Top Fav movies.

Frank Soweto—Thanks for your comment and welcome to our thread. I have traded E&O few times and this is the longest period I am holding because it is moving side way and my $2.00 level is yet to be violated.
HAPPY TRADING….

19th Sept

1) E&O—Confirmed the “Doji” formed on top on 12 /09, unless $2.07 is taken out it is expected to trend side way or downwards. Tested support of $2.00 still holding & prices are stalling. Will limit losses if $2.00 is violated.

2) PRESBHD—It is expected to test its next resistance at $2.16 & previous high of $2.24. Adjusted my Trailing stop at $2.00 to protect my capitals. Immediate support is adjusted to $2.05 & strong support at $2.02.

3) PUNCAK—Formed a “Spinning Top” today indicates some weakness. Tested my Trailing Stop level at $2.99 and hold. Immediate resistance is adjusted to $3.09 if break will try $3.13 & $3.20.
I will clear if the Trailing stop at $2.99 is violated to protect the capitals.

4) PERDANA—Still under consolidation, $1.76 was not violated today which is a good sign. It needs to break and stay above $1.83 & next resistance is at $1.89.
Exit if $1.70 is violated.

5) INARI---Form a “Doji” today, price is stalling. Inari needs to break above $0.89 to test its immediate resistance at $0.925 and if break may try previous high of $0.985.
Support is adjusted to $0.86,exit if $0.83 is violated.

I am monitoring these few counters for possible short term trades
1) IJM land— Today form a “Doji” so unless it move above $2.67 it is most likely to consolidate towards support of $2.60/$2.55.
2) Muhibah—May start to collect Muhibah if $2.13 is not violated. Immediate resistance is at $2,26 if break will test $2.35.
3) This is the 3rd time Alam is back into my buying list, a break above $1.44 signal Buy & confirmation of uptrend if break and stay above $1.47.
4) Dayang—Back to my Radar. A break above$4.78 with volumes may take it back to its previous high.

Other counters that are on my radar are Kimlun,Supermx,Gtronic.

P/S Missed KPS totally,was waiting for it come near $2.16 but no luck !!
HAPPY TRADING and Good Night...

Wow..so much activities in our threads and happy to see more investors here together. Remember we are here to make $$$ and friends, as long as we are genuine, everyone please share your knowledge in good will.

Sis choolooi—We will miss you when you are away for a month in October in upper Burma, me too I will be away from 6th to 22nd Oct going to Huashan, Xian & Thailand. Your cost of INARI is also about same as mine…Whatever you do don’t over trade…I know buying is like drug addiction…

ProfitMan--I was like you, trade on fundamentals and lose tons of $$$ that I need to go back to works and re-build my capitals. Technical is not 100% either but if we are discipline at least we get rid of those stocks at certain levels and move on..Last time I used to live in hope that the counter should rebound because it is so fundamental sound, then 1 quarter they misses the expected earning it is all the way down…
Do share with us your TA knowledge and let us know when you spotted some good counters.

jennylee1382 --- what charts you need me to send to you? If you want to learn TA first thing is to invest into a TA book. I think Bro htyeap125 also share some free links.
Abt scable, oka, instaco and instaco warrant, I can only help to look over the weekend for you. Bro htyeap125 did give a TA reading on Scable.

Bro htyeap125— As a TA, you should pick up fibon juz now after it breaks 0.37 because that is a Break out… I told sephiroth a falling window with a “Doji” could be a Trend Reversal if that fallen gap is closed and beyond ? A “3 River Morning Star pattern” happen to Fibon today how often we can meet such a chart pattern?

Abudance---I am not sure why SCable keep dropping,I have not see the chart yet. If you are trading because of fundamental or some experts suggested TP because of next year EPS, I am not saying they are wrong but you might need to wait for a long time with your capitals tied up.

davidlee—I will look into the chart of Success for you over the weekend or Bro htyeap125 like to help out?

sephiroth—I am happy you make $$$ on Fibon..I will look at the chart GUH over the weekend.

chennee- Welcome to join us, just remember don’t over trade.

JaniceLove--- Thanks for your comment about GUH, RSI at 67.83 doesn’t mean it will retreat.

Hot.T –You are right, theories and practical is totally difference. Take out your emotions or special love for certain counter, then charts tell better pictures.

HAPPY TRADING….

18th Sept

1) E&O—Confirmed the “Doji” formed on top on 12 /09, unless $2.07 is taken out it is expected to trend sideway or downwards. Trading at the support of $2.00 and formed a bearish Black candle today. Will limit losses if $2.00 is violated.

2) PRESBHD— formed a “Bullish Separating Line” today meaning up trend should continue .It is expected to test its next resistance at $2.16 & previous high of $2.24.Will buys more on any weakness for further play. Adjusted my Trailing stop at $2.00 to protect my capitals. Immediate support is adjusted to $2.07 & strong support at $2.02.

3) PUNCAK— Sold ½ of my Puncak average $3.09 when it failed to clear $3.13 today.
Puncak broke above $3.00 on 05/09 convincingly with more than double the average volumes. Since then it has hit high of $3.13 on 13/09 . Immediate resistance is adjusted to $3.13 if break will try $3.20 & $3.30.
I will clear if the Trailing stop at $2.99 is violated to protect the capitals.

4) PERDANA—Collect in more Perdana at $1.78 today, my average cost is $1.79 now. As predicted it tested its immediate support of $1.78/$1.76 before closing at $1.76. Today formed a Bearish Black candle and first sign of weakness if $1.76 is violated.
Exit if $1.70 is violated.

5) INARI---Today bought in more Inari, now my average costs increased to $0.87. It broke out from the “Downtrend Channel” 3 days ago. It is expected to test its immediate resistance at $0.925 and if break may try previous high of $0.985.
All Inari needs is volumes now to confirm the validity of the breakout.
Exit if $0.83 is violated.

I am monitoring these few counters for possible short term trades
1) KPS—Some correction look imminent , may collect during consolidation.
2) IJM land— Today break above $2.62 with increased volumes, formed a “Spinning Top “. It has turned Bullish so any weakness towards support of $2.60 is a good time to collect for future play.
3) Muhibah—Back to my Radar. Muhibah is expected to try its immediate resistance at $2.26 if break will move up to test its strong resistance at $2.34 (Descending line turned resistance).

Other counters that are on my radar are Alam,GOB,Kimlun,Supermx,Gtronic.

HAPPY TRADING...

17th Sept

1) E&O—Sold 30% of my holding when $2.04 was triggered. Expected trending ranges of $2.00 to $2.10. Will cut losses if $2.00 is violated.

2) PRESBHD—Formed a “Spinning Top” last Friday when prices are moving up, indecisive & price stall. PREBHD is expected to move higher but if break below $1.97 (Spinning Top becomes” Bearish Harami” shows first sign of weakness ) the consolidation may take longer. Will limit my losses if 1.90/$1.88 support is violated.

3) PUNCAK— Puncak broke above $3.00 on 05/09 convincingly with more than double the average volumes. Since then it has hit high of $3.13 on 13/09 before closing at $3.08. Immediate resistance is adjusted to $3.13 if break will try $3.20 & $3.30.
The only small concern to me is even though the price has reached its new high the RSI has not done so correspondingly.
I will clear ½ of my holding (To protect my profits) selling into strength and set the new Trailing stop at $2.99 to protect the capitals.

4) PERDANA—Consolidated further last Friday and broke below $1.80, may try immediate support at $1.78/$1.76. Volume is contracting which is good sign during consolidation. For those that are buying during this consolidation phase (I am also collecting) please exit if price break below $1.70.

5) INARI---Bought in Inari at average costs of $0.86. It broke out from the “Downtrend Channel” 2 days ago. It is expected to test its immediate resistance at $0.925 and if break may try previous high of $0.985.
All Inari needs is volumes now to confirm the validity of the breakout.
Exit if $0.84 is violated.

Sold all my Salcon last Friday when Trailing Stop was violated.

I am monitoring these few counters for possible short term trades:

1) KPS—it broke out from the “Inverted Head and Shoulder” pattern on 04/09. It has been able to stay above its breakout trend line. Will collect on weakness towards 0f $2.16/$2.10.
2) IJM land—Suggested by Bro htyeap125.

Other counters that are on my radar:Alam,GOB,Kimlun,Supermx,Gtronic.

Sis Metta, welcome back...Ya bz long holiday but I am happy to be able to help out those that need some TA analysis. Only weekend but not on normal Trading days...
Will definitely inform if i enter a new trade..
Congratulation to you that you sold 50% Puncak to lock in profits..

HAPPY TRADING....

sephiroth--My reading for the following charts:

Fibon—Bro htyeap125 you are not wrong in your analysis also incur with my reading on those resistance and support levels. There were some activities lately that push the counter from $0.31 to new high of $0.415. The consolidation (gave back 100% from $0.415 back down to $0.31) look over & $0.31 is an important support level.
It breakout from downtrend with volumes on 10th Sept and reached high of $0.37. A falling window &” Doji” formed on 13th Sept indicates maybe there will be a Trend Reversal that need next candle to confirm. If next candle can close the gap at $0.36 and beyond, it is expected to scale higher to its previous high.
Exit if $0.31 is violated.

SKPRES---Very bullish, it is expected to test its immediate resistance at $0.365,strong resistance is at $0.395. Any consolidation will find support at $0.34/$0.335.
A breakout and stay above $0.395 signal SKPRES had completed its long term “Inverted Head and Shoulder” pattern and should be back up to its previous high.

sephiroth, you are quite right TA likes to buy higher after the trend been confirmed, but i also accumulate during consolidation if i am confident that stock may scale higher and my cut loss level(Risk) is low.I am happy to hear you are reaping in big profits from your stocks trading by buying at bottom.It maybe differ from how i choose stocks but as long as you are making $$$ who is there to tell?

Bro davidlim07, I do not do intraday trading because i am using EOD data and i am not in front of my monitor all the times. So i can't actually help you here. I am very curious how you all make decision so fast to buy and sell, would be nice if you could enlighten me.

Chua, for redtone and iris i can only help you with the chart over next weekend as i am busy doing my research for next week trades.
Bro htyeap125, can you help chua on these counters?

Hot.T --When market is expected to trend higher because of good news it makes everyone easier to pick winners. Remember last month they are plenty of "Guru Of doom" when market was down? For me i stay with my principle not over excited with good news,execute my plan as planned.

HAPPY TRADING....

Bro Jameslee , for the Tropicana please do your own homework as i am not in any position to tell any trader whether to buy or sell, i just help to interpret the chart to my best knowledge and as i said i also make mistakes.Whatever you trade do have an exit plan before you enter.

Stockwatch, thanks for sharing all those useful information on the property sector. I am so happy everyone here try to help each other out.To answer your question I am 100% leaving my "Emotion" out of a stock, when it hit my trailing stop i dont need second thought to sell them.Ya many time those counters i sold rebound back but i accept it as part of trading, i just move on.

Bro htyeap125, thanks for sharing those links,hopefully more TA are with us soon..Ya for Fibon, i still havent looked at it yet but i think when there is a "Doji" formed we need to be cautious as it can be a trend reversal moving either way...

sephiroth --I will look into the 2 charts for you tomorrow..

Good Night everyone..

Bro Jameslee,

Tropicana—When sis Metta asked me awhile ago about this counter I remember telling her it is an downtrend counter. It is still caught inside the “Downtrend Channel” today, counter is very bearish.
If you thinking of bottom fish this counter do exit if $1.54 is violated. I cant advise you how to trade inside the ‘Downtrend channel” because I do not do them as risk can be very high.

PANTECH-WA---It gave the first warning sign on 22/08 when it broke below its “Uptrend Channel”. The $0.585 is the neck line for the double top formation and by calculation it will fall to $0.585-($0.71-$0.585)=$0.46 which it did on 27/08 with a falling gap .
It is having a technical rebound now trying to close the gap at $0.585. Unless it can break and stay above $0.585 it is most likely to trend from $0.46 to $0.585.

HAPPY TRADING..

Stockwatch—Sorry I missed your posting on 31st Aug, my apology.
To answer your questions ya, I like to trade mid-cap counters, some prefer blue chip and some penny stocks, no one is wrong. I agreed with you Penny stocks can be stressful.
I cleared all my Huayang when it broke my trailing stop at $3.00 taking some losses.
Sorry for the late reply..

Bro Jameslee, Sis Metta actually asked me about ” Tropicana” before if I am not wrong, anyway i will look into them for you later..

Happy Trading...

Thanks inwest88 for your encouraging words, we are here to help each other.Chart is also not 100% as it could be manipulated to create Bull or Bear Trap, i am caught too in many occasions..

Bro htyeap125,we can learn together as everyone has a different interpretation of the charts. I am happy you are helping out to those that might be interested in technical analysis by posting some links later..

Happy Holiday...

Bro htyeap125, IJMLAND

After hitting the low of $2.38 on 02/09 it is doing a technical rebound. Last Friday managed to break and stay above $2.55 which is a very good sign but not out of wood yet.
A break above $2.62 with at least double volumes will take it to the next strong resistance at $2.72.
If you are trading this counter as long as $2.55 holds it is expected to move higher, if not it should be trending downward towards $2.50 (immediate support).
Thanks for mentioning this counter it will be on my radar too.

Bro. Hot.T there are plenty technical books available, invest into them if you are interested to learn. I think the technical side may help you to be a more powerful trader since you know all the fundamental of the stock.

HAPPY HOLIDAY

As promised, here are charts reading for:

1) Chengyee --- Digista,
counter is bullish but caught inside trending ranges of $0.26 to $0.32. Lots of traders are buying near $0.26 and disposed around $0.32 for trading gains. A bear trap happened on 28/08 when it broke below $0.26 but closed strongly at $0.265.
Unless Digista break out from $0.32 with volumes (It will then completed the cup and saucer pattern) it is most likely to trade inside the trading ranges.

2) Bro Pathew----GUNUNG
GUNUNG is a bearish counter for short term, bro htyeap125 analysis is good.
I think you are thinking of bottom fishing for this counter, the only positive point I like about this counter is while the price has set new low at $0.72 the RSI value is increasing steadily meaning they are people collecting at this level.
If you choose to bottom Fish do exit when $0.72 is broken.

3) Bro Hot.T---TGOFF
It broke down from the “symmetrical triangle” on 27/08 and went to the low of $0.52 on 28/08. On the same day it formed a “Dragonfly Doji” which indicates a rebound is expected. TGOFF is trying to climb back up its former uptrend line but finding the previous ascending line has turned to be strong resistance now.
Immediate trading ranges from $0.55 to $0.70.
Exit if $0.52 is violated.

Thanks City Trader for your clarification about TA, Bro Hot.T we did not need to check because the chart suppose to tell us if there are something brewing or people are buying or accumulating.
For example Salcon, for you it could be good investment due to Eco Park etc, which you are not wrong.
For me I went in because chart is turning bullish( someone knew earlier than us and start buying) but I sold to lock in profits when it reach my Trailing Stop level.
It does not mean I wont buy back later when opportunity return.

HAPPY TRADING….

Tq Sis choolooi, ya you are right it is really difficult time for traders like us..

Bro htyeap125, thanks for sharing the Bursa Malaysia Trade Statistics , will look into IJM Land chart over the weekend for you. I think you interpret chart quite well yourself.

Bro lwalk, I am also in INARI but my average cost is $0.86. Will collect on further weakness….

Bro CityTrader, welcome on board we are learning together…Please share your knowledge too..

Bro Hot.T, I used to trade using fundamentals and burned badly before (When trend is down fundamental stock suffered badly too, keep believing those are good stocks and hoping for a rebounds that never come and finally did not know what to do when the losses was so big).
Now I only trade using charts and as long as I am discipline to execute my plan I am doing fine. That is why in my thread I highlight for Short Term trades.
I will look into TGOFF chart for you this weekend .
Oh ya, I off load Salcon last Friday when it hit my $0.69 level to protect my profits.
For those stocks under my watch list I had explained in my earlier thread how I choose those counters…

Happy Holiday…

Bro htyeap125,
Good Choice whatever you do you must be comfortable to enter any trades..
Today i off load Salcon and collected some Inari at Ave cost of about $0.86...

Happy Weekend...

Bro htyeap125 , GOB is on my radar too..

The 2 candles you mentioned mean "Indecision",GOB started to rebound from low of $0.71 on 28/08 and reached high of $0.81 on 11/09. During this period if you look at the volumes it is divergence from the price that is why i did not take any position when it broke $.785.

HAPPY TRADING....

13th Sept
1) E&O—E&O could not reach $2.10 and formed another “Doji” at top today indicates weakness. Unless it can move above $2.07, a break below $2.04,(Also my new Trailing Stop level to protect my profits and capitals)will bring it back to $2.00 /$1.90 level.

2) SALCON--- Salcon closed the gap formed yesterday at $0.69. It is now sitting on the immediate support of $0.69 which is also my Trailing Stop level to protect my profits. If Salcon can stay above $0.69 it is most likely to test its previous high of $0.745.

3) PRESBHD—Bought PRESBHD at $2.00 today after support of $1.98 stays. If break above $2.03 it is expected to test $2.10/$2.16. Will limit my losses if 1.90 is violated.

4) PUNCAK—Bought in Puncak when it stays above $3.00 today. Immediate resistance is at $3.10 if break will try $3.20 level. Immediate support is adjusted to $2.99 and will cut losses if $2.88 is violated.

5) PERDANA—Form a “Doji” today while consolidating, any further consolidation may find support at $1.80/$1.78. PERDANA broke out from the downtrend channel 2 days ago and it is expected to try next resistance at $1.92/$1.97.

Gtronic---Sold today to protect my capitals because not comfortable with the Engulfing Bear formed at top yesterday.
I am monitoring these few counters for possible short term trades:
1) KPS—it broke out from the “Inverted Head and Shoulder” pattern on 04/09. Form a “Doji” today so may consolidate towards supports at $2.14/$2.10. As long as $2.06 is not broken KPS should scale higher and strong resistance is at $2.27.
2) INARI—After hitting top of $0.985 the consolidation looks over for Inari. Today breakout from the Downtrend channel it is expected to scale higher to test immediate resistance at $0.92. ( Will buy on any weakness).
3) ALAM—Yesterday Engulfing Bear could be the last Engulfing Bottom as ALAM closed above $1.40 today and with an “Upper Black Shadow” candle. The pivot point for ALAM to breakout is getting lower, a break above $1.47 with volumes signals ALAM is on the recovery road to break above the Downtrend Channel soon. (Shall start to collect if $1.40 is not broken).


HAPPY TRADING….

Hi chengyee, will look into your Digista this weekend for you.
Bro pathew , i think Bro htyeap125 technical is very sound, hope you noted his comments on Gunung, still i will look into it for you this weekend.
Sis choolooi , you are right that the stocks i mentioned when i indicates Buy mean i will take positions not a signal for anyone to buy, please do your homeworks & have a Exit plan before you enter a trade. Like everyone else i also make mistakes.
lwalk , happy you have sold your E&O because selling is always the most difficult part of trading. I am still holding may off load 30% if $2.10 is not broken.

12th Sept

1) E&O—E&O managed to stay above $2.00 and closed at $2.04 with increased volumes today. It has cautiously turns bullish and is expected to move higher to try the next resistance at $2.10. Immediate support is adjusted to $2.00.(Also my Trailing Stop level to protect my capitals).

2) Gtronic— Gtronic confirmed the weakness of “Spinning Top” formed yesterday. Today formed a Bearish Engulfing candle which is bearish reversal sign.
Immediate support is adjusted to $2.65 which is also my cut losses level.
(If break below will definitely going down to $2.55/$2.50 level).

3) SALCON---Gap up from $0.69 today (Rising window) & move to high of $0.715 before profit taking coming in to close at $0.695.
Immediate support is adjusted to $0.69 which is also my Trailing Stop level to protect my profits. If Salcon can stay above $0.69 it is most likely to test its previous high of $0.745.

4) PERDANA—Bought in PERDANA at $1.81 today, any further consolidation may find support at $1.80/$1.78. PERDANA broke out from the downtrend channel yesterday and it is expected to try next resistance at $1.92/$1.96.

I am monitoring these few counters for possible short term trades:
1) KPS—it broke out from the “Inverted Head and Shoulder” pattern on 04/09. Any weakness towards supports at $2.14/$2.10 maybe times to collect for future play. Strong resistance is at $2.27.

2) ALAM—Fail to break out from the Downtrend Channel when it couldn’t cleared $1.47 today to generate the BUY signal.
Formed an Engulfing Bear today, could this be the last Engulfing Bottom? If next candle close above $1.40(Buy),ALAM could be on the recovery road to break the Downtrend Channel soon.


HAPPY TRADING….

jennylee1382--If you hold Scable til 10th Sept you are entitled for the Bonus Shares by 12th Sept.( You can sell them from 10th Sept because the Bonus Shares will be credited to you account on 12th sept).

Thanks iafx on clarification about the WA.

Sis Metta i bought in some PERDANA today at $1.81. It has broken out from the Downtrend Channel so any consolidation maybe good time to accumulate.(My opinion only).

Bro lwalk , u still has E&O ?

HAPPY TRADING>>>

wtclau, i am using Metastock. I had used this software for many years and i actually lose lots of $$$ because of my trading methods. Now i know the most important thing in trading is "managed your Risk". Now i am doing well after i put emotion out of my trading. I will sut my losses when it hit my limit without second thought and of course many times that stock did went higher, i move on for the next stock.
lwalk, remember when we talked about E&O it hasnt broken out of the Triangle yet, when it broke out on 12/08 and moved to $2.27 i sold mine at an average cost of $2.23 then bought back at $2.00. I had not sold them because the "Cut Loss" level of $1.90 wasnt broken since then, i added more when it formed Gravestone Doji and move above $1.95, now my average cost is $1.98...

Happy Trading...

Bro htyeap125 ,
If you do technical analysis like me then maybe you can invest into some softwares, as long as you can input your parameters and scan the stocks according to your criteria then you can identify those stocks too.( First you need to be technical sound as there are plenty whipsaws and traps).
If you do not have any softwares then maybe you can look at counters with top volumes/Gains from KLSE.Choose and narrow them down to those stocks you r interested.
For me it is always mid-cap companies,some like blue chips and some like penny stocks, everyone is differences.
HAPPY TRADING...

11th Sept

1) E&O— As suggested it tested the resistance of $2.00 but sadly couldn’t break and stay above, formed a “Doji” today, unless it can break and stay above $2.00 to test $2.10, E&O is most likely to head back down to its immediate support level of $1.96/$1.90.
2) Gtronic— Gtronic is yet to close above $2.75 convincingly today, formed a “Spinning Top” today indicates some weakness.
if Gtronic manage to stay above $2.75 it is expected to try to close the fallen gap formed on 20/08 at $2.81-$2.83. Immediate support is adjusted to $2.72 and if fail next support is at $2.65. (Any weakness towards support may be good time to accumulate).
3) SALCON---Bought in Salcon today when move and stay above $0.66. (It has failed on 3 occasions to do so). Salcon is back on the uptrend channels and a break above $0.69 will take it to $0.71 & $0.745 levels.
Immediate support is adjusted to $0.66 which is also my tail stop loss level.

I am monitoring these few counters for possible short term trades:

1) GOB— It closes above $0.785 but formed a “Doji” today and volumes is not convincing to take any position yet.
2) KPS—it broke out from the “Inverted Head and Shoulder” pattern on 04/09. Still monitoring as KPS is still under consolidation.
3) ALAM—Back to my radar, Alam is expected to breakout from the downtrend channel above $1.47(Signal BUY), should take it back to $1.57/$1.62 Level.
4) PERDANA—Breakout from Downtrend Channel today. Most likely to try $1.90/$1.96 level soon .Any consolidation towards support of $1.80 is good to accumulate for future play.
5) PRESBHD---Try to break out from the Downtrend Channel today but lacks of volumes. If $1.98 stays it is expected to scale higher to $2.06/$2.14 levels.

HAPPY TRADING….

Sis Metta, it is OK to miss some stocks sometime, market is always on..

Sis choolooi, we are here (In the Forum) to help each other, just remember to have an exit plan when you enter a trade. Everyday if we do our home works we "may be" able to locate some winners, if we are wrong then just admit the mistake and take the losses. Move on...

Hope both of you & htyeap125 bought some 'Salcon" when it was at $0.66 today...

HAPPY TRADING...

10th Sept

1) E&O— Formed Grave Stone Doji yesterday and issue a BUY signal when it broke above $1.95. E&O is expected to rebound further to test its immediate resistance at $2.00. If break above $2.00 E&O may try the $2.10 level. Immediate support is adjusted to $1.93.
2) Gtronic—Bought in Grtronic when it moves above $2.66. If it can break above $2.75 Gtronic is expected to close the fallen gap formed on 20/08 at $2.81-$2.83. Immediate support is adjusted to $2.60.

I sold Rubberex at an average price of $0.805 today.

I am monitoring these few counters for possible short term trades:

1) GOB—back into my radar, if break $0.785 may scale higher.
2) KPS—it broke out from the “Inverted Head and Shoulder” pattern on 04/09. Now it is testing its support level of $2.10. As long as this level holds KPS is expected to trade higher.
3) SALCON—Salcon had tried 3x to move back up to the ascending line but failed on three occasions.
If can move up & stay above $0.66, Salcon is expected to resume trading in the uptrend channel.



HAPPY TRADING…….

9th Sept
1) E&O— Formed a Grave Stone Doji today. Unless it can move and close above $2.00, E&O is most likely to carry on its Sideway movement, will limit losses if $1.90 is violated.
2) RUBBEREX— Friday formed a bearish candle and it is expected to test immediate support at $0.785. If break below will take it to the next support at $0.75.
Unless it can cleared & stay above $0.83 the stock is expected to consolidate further. (Will clear at any rebounds )

Cleared all my Puncak & Supermx on Friday, may re enter these 2 counters when their consolidation is over.

I am monitoring these few counters for possible short term trades:
1) ALAM— Still trap inside the downtrend channel, will only consider if it can break out from the channel.
2) SALCON—Salcon broke down from the uptrend channel on 27/08 and may have found new bottom at $0.59. It had tried twice to move back up to the ascending line but failed on both occasions.
If can move up & stay above $0.66, Salcon is expected to resume trading in the uptrend channel.
3) Gtronic--- Gtronic is back on my radar, if break above $2.66 may take it back to $2.75 & $2.83 levels. Immediate support is adjusted to $2.56 level.

HAPPY TRADING…….

Sis Metta,

My reading of your YLI Chart:

YLI broke down from its ascending line on 22/08 after hitting high of $0.77. It may had found its new bottom at $0.525.
YLI issued a BUY signal on 30/08 and went to the high of $0.725 (which was its earlier ascending line turned resistance). A “Spinning Top” was formed on that day indicated it might not be able to clear and stay above its previous ascending line. Last Friday it formed a “Hanging Man” indicated more downward pressure are expected in near term. The first sign of weakness will be if it break below $0.61 then it is most likely to test its next support of $0.57/$0.56.
Unless it can break and stay above its previous ascending line, it is most likely to consolidates further.
Hope this helps.

Happy Trading….

Thanks ramona_rahman, Rambotan & bsngpg for all your constructive comments. Appreciate it.

bsngpg thanks for sharing your knowledge about glove industries. Great comments !!

I think it is important that in this forum everyone can help each other out especially during this difficult period.

Have a nice weekend...

Sis choolooi, you have a good weekend too.

ramona_rahman Thanks for your comments.
You had missed out my other postings as you are referring to those stocks i was trading on 21st August.

Just to update i had sold GOB on 23/08 at $0.865 at a profits.
Sold Huayang at a loss when it broke below $3.00 on 26/08.
cleared E&O when it broke out from the triangle & sold at ave of $2.23 but bought back $2.00.

Today i cleared my Supermx and Puncak so the stock i am having now are:
a) E&O at $2.00 and will cut losses if ascending line is broken.
b) Rubberex at $0.80 and will limit my losses if $0.785 is violated.

Bro Necro, i think all chartists talks alike..keke.

Have a nice weekend...

Thanks bro pirate99,htyeap125 ,and sis metta, choolooi & Luxp for all your constructive comments.

Sis Metta i will look into your YLI this weekend.

Bro htyeap25 ALAM Formed more like a "pennant"(if you ignore the candle on 28/08) then triangle..Traingle normally takes much longer to form.

Sis choolooi if you buy in Rubberrex like me do have an exit plan..I will clear and take a small losses if $0.785 is violated. I am not sure about your risk tolerances.

Sis Luxp, like everyone else i made many mistakes too..Now i can control my emotions and cut losses when it touch my exit point.. I am doing very well now except last months( Aug) i incurred some losses but i cleared basically all my positions. If i did not do that today i am in bigger losses and all my capitals will be tied out for future trades.

Have a nice weekend and HAPPY TRADING !!

5th Sept

1) E&O—Sideway movement, Expect trading ranges of $1.90 (S) to $2.00(R).

2) PUNCAK---Buy in another 50% of Puncak today when it broke above $2.88. Now my average cost is $2.80.
As suggested Puncak did breakout from the Triangle with volumes about 4x the average volumes.
Immediate support is adjusted to $2.97 with stronger support at $2.88.
The next resistant is at $3.06 if break may try $3.22/$3.30.
I will clear ½ of my holding either selling into strength or if $2.97 is violated and cleared all if $2.88 is violated to protect my profits.

3) SUPERMX— Buy in another 50% of Supermx when it breaks above $2.52. Now my average cost is $2.47.
Supermx performed better than thought to break above $2.60 and close $2.74.
If break $2.80 it will try next level of $2.87.
I will cleared ½ of my holding either selling into strength or if it cant break the $2.76 level. I will tail stop the other 50% at $2.60 to protect my profits.

4) RUBBEREX—As suggested Rubberex rebounds further to closed at $0.825. it is expected to move further in near term to try next resistance at $0.845 and if break may try $0.89.
Immediate support is adjusted to $0.81 & next support at $0.785.
(Note: Rubberex formed a spike earlier on 09/04 and after touching the neck line rebounded about 57%. So I am watching this rebound whether it is repeating its previous DNA. If Rubberex cant clear $0.845 (also 57% from the neck line) I will sell and lock in some profits.

I am monitoring these few counters for possible short term trades:

1) ALAM—It is still not out of the wood. But Alam is slowly but surely gaining more strength, a break above $1.48 with volumes may signals more upside for future play.

2) SALCON—Salcon broke down from the Ascending line on 27/08 but managed to break & stay above the ascending line today.
If can break above $0.66 it is expected to test its resistance at $0.69.
Salcom needs to break and stay above $0.69 to re-confirm its earlier Breakout from the Ascending triangle on 12/08. If that breakout is reaffirm Salcon is expected to scale to its previous high.
Immediate support is at $0.65.

HAPPY TRADING……

inwest88,

Thanks but I haven"t sold and lock in on these 2 counters. I actually add more when they broke the levels i mentioned earlier today..
Now what i have is still paper gains..

HAPPY TRADING !!

Bro htyeap125 , you are not wrong for Rubberex the immediate resistant is at $0.80 today. But from yesterday volumes and momentum it is very obvious that this level will be taken out easily today.

HAPPY TRADING....

4th Sept.

1) E&O— Today formed and inverted Hammer with reduce volumes, maybe the selling is about over.
Uptrend is still intact because the ascending line ($1.88 as per today) is still holding. E&O may re-test the support of $1.90.
Do cut all your losses if the ascending line is violated because it is most likely to head all the way down to the $1.74 level. (Double Tops formation).
Expect trading ranges of $1.90 (S) to $2.00(R).

2) PUNCAK---Bought in Puncak today when it broke above $2.70.
As mentioned in my earlier posts Puncak has formed Symmetrical Triangle with upward biased. The volume has double today but to breakout from the Triangle it may need more volumes than this. The pivot point is at $2.88 and a break above this level will take it to its previous high of $2.97 and beyond.
Immediate support is adjusted to be $2.76 which is my tailing stop for now.

3) SUPERMX— Bought in Supermx today when It generates the BUY signal when break above $2.40 with volumes. $2.40 has becomes Supermx immediate support level. It is expected to trade higher towards its immediate resistance at $2.52 and strong resistances at $2.60.

LBS—Sold my LBS at a profits when it hits below my tailing stop at $1.70. (Note : I do not like the chart pattern because RSI and price formed divergence )

I am monitoring these few counters for possible short term trades:
a) Alam—As suggested tested its immediate resistant at $1.44 and retreat .Expect trading ranges of $1.36 (S) to $1.44 (R).

b) RUBBEREX—The chart is a very interesting one, it broke out from the “inverted Head and Shoulder” pattern on 13/8 and hit high of $0.94 (form a Spike pattern). Normally after “Spike” the stock should be heading to a new low but Rubberex rebound after hitting low of $0.725. The counter could be staging some technical rebounds to its resistance at $0.84 and strong resistance at $0.89.Immediate support is adjusted to $0.75 & strong support at $0.72.

HAPPY TRADING....

Thanks lwalk, JTFX for your comments.

JTFX i agreed with your suggestion that KLCI on 3 occasions hit above 1800 and came back down. If you use the neck line formed on 25/6 at 1723 it is more like double tops. By calculation it should dropped to 1635 level and it dropped to 1660 on 28/8 . Now KLCI is trying to stay above 1723 to close the gap that it formed on 21/8 at 1740. But if KLCI break below 1660 I think we will be talking about Bear Market for a long time.

Sis Choolooi, congratulation! Yap, doesn’t matter what others say as long as you are happy with the profits. Selling is always the most difficult part of trading.

Happy trading....

Sis Metta & choolooi,

Thanks for sharing...

If you have an Exit plan please execute it to avoid big losses. No one is able to find winners all the time, the trick is to limit your losses and let the winners run..This is the only way to make $$$ in the stock market in a long run.
I would still like to caution you that now is a difficult time to trade as market is heading south..
I hope both of you catch some Supermx and Puncak today as mentioned in my posts.

Happy Trading...

Dear inwest88,choolooi, Metta

During this difficult period ( Stock market is easy when it is in Bull Market & everyone makes $$$ on most of the stocks) if you are trading please make sure you have a exit plan before you buy.

Sis Metta, When a stock "Breakout" it must be accompanied with a volumes double or triple its average volumes .After the initial breakout it will invite sellers that are either trapped earlier or those that bought at lower price to lock in profits. As long as it can absorb all those selling and stay above the "Breakout point" (The breakout point becomes the new Support Level ) it should be trading in that direction. Vice Versa if it is a breakdown.

Happy Trading….

3rd Sept.

1) E&O— Uptrend is still intact because the ascending line is still holding. E&O may re-test the support level of $1.90. Do cut losses if this line is violated because it is most likely to head all the way down to the $1.74 level. (Double Tops formation).
Expected trading range of $1.90 (S) to $2.00( R).

2) LBS—Yet to close the gap resistance of $1.72- $1.74 today. A break above this level convincingly will take LBS back to the earlier high.
Immediate support is adjusted to $1.65/$1.63.
(Note : Due to RSI and price formed divergence this few days may lock in profits if $1.70 is violated)

OLdTown —Couldn’t break above $2.60 and violated $2.53 support again today. Sold OldTown today to keep some profits and protect my capitals.

I am monitoring these few counters for possible short term trades:

a) Alam—May try immediate resistant at $1.44 with strong resistance at $1.48. .Immediate support is adjusted to $1.36/$1.34
b) Puncak—A symmetrical Triangle with uptrend bias is forming. May buy for future trade when near immediate support of $2.58.
c) Supermx—immediate support is at $2.31, may accumulate at next support level of $2.25 unless can break and stay above $2.40.
d) Muhibbah—If break $2.25 should try next resistant at $2.34/$2.40. Support is adjusted to be $2.10.

HAPPY TRADING……