nana88 ,

For us TA when a Doji Star occur at top we take notice and start to monitor closely. As i said in my earlier post to lottolearn, i normally use the Trading Stop to ride on the winner. But a possible price reversal candle may make me sell into strength instead of letting it hit my Trailing Stop.
Whether it will go back $1.18 no one know, but one thing for sure if $1.18 cannot be taken out i will be taking in all my profits.

Happy Trading

nana88,
I know that you are still holding Seacera like me and i have advised you to set a Trailing Stop to try and ride on the profits as long as possible.

But Seacera hit a high of $1.18 today and formed a Doji Star at top and this normally imply Price Reversal. Even though it still need tomorrow candle to confirm the reversal but i might be start selling if $1.18 can not be taken out.If it can take out $1.18 i will still ride on it. I have also raise my Trailing Stop at $1.16 to protect my profits.

The counter is still very bullish but i trade differently and does not like to go through any big pull back.Do make your own decision as my cost could be much lower than yours as i bought in Seacera before breakout.So do set your own exit point OK?

Happy Trading.

Old Stock Update:

BREM--as stated in my earlier posting, today i cleared all my BREM to release my capital.It has been trending sideways for too long.

Happy Trading.

tiongms > Jul 2

#Dear Bro Matrixcool - morning,pls assist to analyse MPHBCAP & IJMPLANT.Thank you in advance. #

MPHBCAP—Very bullish stage 2 of the cycle,congratulation you are on a winner.Hit a new high of $2.18 two days ago,If this level is taken out the next target is estimated to be $2.30 and beyond.Now it is under consolidation and immediate support adjusts to $2.10/$2.05.Any weakness towards support may offer opportunity to collect for future play. Stop Loss if $2.00(Uptrend Line) is violated with volume.For stage 2 counter we recommend you to set a Trailing Stop to protect your profits just in case there is a big pull back.

IJMPLNT—Very Bullish stage 2 of the cycle and trading inside an uptrend channel.Higher High and higher low, now the channel is $3.74 to $4.04 and rising. As long as the channel is not broken enjoy your ride on IJMPLNT. Some traders may buy near support and sell near top of the channel, Stop Loss if the channel is violated.

Happy Trading..

lottolearn --Trailing Stop is a exit point for me when i am on a winning trade. For stock trading no one can sell at the top all the time. Normally the Trailing Stop is the amount i am willing to give back if the uptrend turns against me. It is normally the next support or earlier resistance turn support. If the stock keep moving up i will keep increasing my Trailing Stop to protect my profit unless the candlestick pattern shows price reversal.Then i may clear on any rebound.
In stock trading, selling is the most difficult part because of our greed, selling early is fine as long as you make money. Making money is our main Focus here.Remember stock market is a zero sum game, you make money because someone else is losing.

pathew --Good call and congratulation.

Happy Trading..

Nana88, Congratulation on Seacera which u r still holding..Me too..
Yesterday i raised my Trailing Stop to $1.04..(just nelow my TP1 of $1.05)
I may raise again later since it is heading towards $1.20/$1.23..i am not on my pc..using my hp now.

Happy Trading..

presint > Jul 1

#Dear TCB, how can I recognize the breakout and buying signal. read a few books but don't think any of them give a clear indication of buying and selling signal. thank you for time. :) #

A very good and valid question. Breakout must have the following characters to qualify for the true breakout instead of Bull Trap.
a) It must have a pattern preceeding it like Symmetrical Triangle, Bullish Flag,Rectangle Consolidtion,previous high etc.
b) It must accompany by large volume at least 2-3 times 30MA average volume.But too large of volume you need to be careful it might be buying frenzy.
c) A breakout normally lead to few percents rally follow by re testing of that breakout level. If the stock fell below that breakout level it is considering not valid or what we call a Bull Trap. So if you chasing a breakout stock do set your exit maybe 2-3 bits below that breakout in case of Bull Trap.
d) After the breakout if the stock retested its Breakout level and stay above that is a clear Buy signal.

Hope this help.

SEACERA--Heading toward next target of $1.20/$1.23. For those that still holding on Seacera do set your Trailing Stop to protect your profits.

Happy Trading..

kc18 ,
# Matrixcoool - Tks for yr advice on Seal. Managed to sell at 1.35. Indeed there is a big pullback on this stk! Luckily u highlighted to me. Tqvm. #

I am very happy you did set a Trailing Stop at $1.35 to exit by protecting your profits. You are on the right track to be a successful traders. The reason TCB encourages traders to set Trailing Stop on a winning stock is to take care of our emotion of Greed and Fear.
That does not mean Seal would not get to your target of $1.50 later, but you will be spare of agony of capital tied up and stress and Fear that will it go lower?

Happy Trading..

Soon Soon , on your request of SCOMIES,
#Scomies touched cut loss level of 0.96 with low volume. Kindly update chart reading#

SCOMIES—After hitting high of $1.17 on 11/04 it consolidated to the low of $0.96 and evrytime it hit this important support Scomies rebounded. Today it touched this level again without violating it and you can expect some technical rebound from here. It is forming what look like Head & Shoulder pattern with neckline at $0.96 which has bearish implication if $0.96 is violated( That is why we put the Stop Loss level at $0.96 if violated.) It is expected to trade between $0.96 to $1.02 (Its immediate downtrend Line), a break above $1.02 with volume signal Price Reversal and should meet very strong resistance at $1.05.
It is also entering into stage 3 of the cycle which is the distribution stage, depend on your entry price if Scomies cannot break above $1.02 you may want to Sell to release your capital for other moving stocks.Stop Loss if $0.96 is violated with volume.

Happy Trading..

winwinborn ,

I collected some this morning at $0.875, still showing weakness so do not chase and if you start to collect please make sure you observe the Stop Loss level i mentioned in my email K?

cherry tomato--Congratulation profits in the pocket is better than paper gains..

Happy Trading.

lottolearn --Congratulation on your winning on Seacera.

cherry tomato --Remember to set Trailing Stop to rpotect your profits or clear part to lock in profits. To win in long term you must always take the profits when opportunity arises.

SMRT Uptrend is very much intact, it is expected to test its previous high soon.

Happy Trading

winwinborn ,

I am happy for you and my congratulation on your winning on both counters that I have alerted through email to you earlier.

Seacera break through my immediate target of $1.05, now heading towards $1.10..

Happy trading

cherry tomato ,

Congratulation on your winning on Seacera.
It is heading toward my immediate target of $1.05 after the breakout at $0.975 today.

Happy Trading.

Nana88 --Never wrong to lock in profits. TCB encourage traders to cultivate habit of profit taking.

kc18--TCB team could be busy at the moment. If you are trading on Seal, congratulation on a winner. For counter like Seal i would like to suggest you set a Trailing Stop to protect your profits while at the same time try to ride on the winning as high as possible. Whether can it get to $1.50 no one know, target is just a guide.The higher it goes you keep increasing your Trailing Stop just incase there is a Big Pull Back.

Hope this help.

Lottolearn,

I am happy you bought in SMRT and Seacera.

SEACERA--Broke its previous high of $0.975 with volume and into uncharted territory, next Strong resistance is at $1.00 and immediate target of $1.05 and beyond.
I just scale in more shares after the breakout..

Still, remember to lock in profits by setting a Trailing Stop.

Happy Trading.

novice8,After ex-Dividend now you can also enjoy the profits from the stock itself..

MUDA—Very Bullish and carry on its stage 2 of the cycle.Broke out from its Bullish Flag pattern with a Runaway Gap and hit its previous high of $2.00. It is expected to move into uncharted territory and carry an estimated target of $2.25 with next resistance at $2.10. Any weakness due to profit taking should find immediate support at $1.96/$1.94. I have set my Trailing Stop at $1.92 to protect my profits or may sell further into strength to lock in part profits.

Note:Do set your own trailing Stop (from the supports i mentioned) to protect your profits too just in case of any Big Pullback.Remember never let a winning stock become a losing stock because of greed. If you let that happen it will destroy your confident in stock trading.

Happy Trading.

Stock Update

SEACERA—It is still under consolidation after recent high of $0.965.Immediate support adjusts to $0.89 and any weakness towards its support offer opportunity to collect for future play. A break above $0.965 with volume will take it to its previous high of $0.975 and into uncharted territory.
I have raised my Trailing Stop to $0.885 to protect my profits because it is my trading strategy always lock in profits when I am on a winning stock.

Note: If you are collecting during weakness you may want to set the Stop Loss if $0.87 is violated for Short term traders.

Happy Trading

Old Stock Update--30/06

BREM—Sideways consolidating between $2.01/$2.08 .Upward Momentum but must break above $2.12 for a price reversal . Sell on any Rebound to release my capital.

ENGTEX—Stage 1 Sideways movement of $1.83 to $1.93. It did fill the gap of $1.90/$1.93 on 24/06 but failure to close above the Gap imply more sideways consolidation. A break above $1.93 will find strong resistance at $1.98.

WCT—Sideways movement of $2.18 to $2.25. If break $2.25 with volume next strong resistance is at $2.30 and immediate target at $2.35.I may clear WCT to protect my capital after receiving the dividends.

Happy Trading..

siena >

#Hi TCB...can help to analyse ghl? Much thanks! #
We did GHLSys before:

#GHLSYS--Stage 4 of the cycle may be ended on 06/05 at a low $0.755, normally stage 1 of the cycle should begin after that and normally trade inside a Rectangle Trading. (Say from $0.815 to $0.895).But the latest development of GHLSys looks like developing into Uptrend Channel with higher high and higher low. Normally this is very bullish but after such a big Pull Back we may need to be careful it is not developing into a Rising Wedge which has bearish implication. Do monitor the volume if it keeps setting new high with reduced volume you may want to observe the Uptrend Line well and clear if this line is violated with volume.#06/06
#GHLSys: I think you meant it has broken the resistance of 0.895. It hasn't really broken it but it did tested it to close 0.895 yesterday. Some traders look to the next 2-3 candles to confirm the resistance has indeed been broken. It is testing this resistance again today. The next resistance level we will be looking at will be at 0.93.
I think the buying interest has increased. It traded above 30 MA volume yesterday and it is likely that today's volume will also be above MA vol. The share's momentum too has increased somewhat over the past 2-3 days.
However, do keep at back of your head, the rising wedge that Matrix is cautioning by monitoring the price and volume movement closely. Technically, it is on an uptrend at the moment but if it develops into a rising wedge then it can turn bearish. ProfitMan > Jun 11 #

GHLSys—As mentioned by me on 06/06 and profitMan on 11/Jun , it is still trading inside that uptrend channel. The latest value for this channel is $0.90 to $1.02. (Now trading near the Support of the Uptrend Line)During recent rally to $0.995 the volume has reduced forming Price/Vol Bearish Divergence. Same scenario it is forming what look like a Rising Wedge and be cautious if trade this counter, do monitor the tptrend support line closely and if $0.89 is violated with volume you might want to exit.

Happy Trading..

stay_foolish ,

You are right about Breakout with increased volume of at least 2-3 times or more, we just need to be careful when the volumes is so large that it becomes a "Buying Frenzy",when the greed come in and everyone is scare to miss the opportunity to be rich.The stock will decline if it is a Buying Frenzy as no one else left to buy the stock after that.

lottolearn--Happy to hear you make some money in Seacera. Once again we like to remind you that TCB does not recommend any stock in this thread. Our min aim is to help traders with TA analysis. Even our Stock Focus is more to share our TA reading of certain stock.

I do share my stock trading (Not penny stocks)with some traders that had followed my old thread for year. I share my Trading Stock with them on email.
If you are interested you can contact me through email at:
matrixcool02@gmail.com

Happy Trading..

Stock Update

SEAL--I sold all my Seal today at about $1.16.

SEACERA—It moves to a high of $0.965( just short of my immediate target of $0.98) then profit taking activity kicked in to bring it down and closed at a low of $0.915. Any further weakness will find support at $0.90 and strong support at $0.88(Resistance turns support). I have raised my Stop Loss if $0.875 is violated with volume to protect my capital.Note: I have sold 40% of the stock today at $0.95 to lock in part of my profits,and will keep locking in if it can"t break above $0.965 soon.

Happy Trading and Good Night..

sephiroth --Nice of you to share your stocks with us in TCB, really admire your ability to choose winner after winner.

inwest88 --Thanks for sharing your stocks pick with us here, when i am back will spend more time going through the stocks you pick. Now oversea and most of time cannot access my charts.

Happy Trading..

sandho9 > Jun 24,

# Hi Matrixcool, tcb, MITRA what price can go in? And what's ur comment? #

MITRA—If you had followed TCB thread you should know that I locked in my profitswhen it cannot break through its previous high of $0.935. TCB does not recommend any trader to buy ant stock at any price. We believe before you buy you must have an exit plan i.e knowing what is your losses before you buy and work out your Risk/Rewards ratio. But I can tell you this for you to make a decision.

Mitra is very bullish trading on stage 2 of the cycle. It is under consolidation with reduce volume,any weakness shoud find immediate support at $0.89/$0.87. Very strong support is at $0.825. It tested its previous high of $0.935 on 17/06 but failed to break through it. So if you trade Mitra the next strong resistance is still at $0.935. A break above this level will change the landscape of Mitra to try the physcological level of $1.00 and beyond.
Stop Loss if $0.82 is violated for short term traders.

Hope this help !!

sunshine96 ,

Added Note on PASUKGB--For stage 1 cycle we short term traders normally would not participate but some may want to bottom fish at this level if they have the holding power to wait through the consolidation. If you are bottom fish remember to set the Stop Loss as suggested by Stay Foolish..

Happy Trading

Stock Update:

SEACERA—Broke out from the Cup and Handle pattern with volume today and I Scaled in another 40% of shares at $0.885. It is moving toward my immediate target of $0.98 and if break will enter into uncharted territory.Any weakness due to profit taking or overbought situation should find support at $0.90 and strong support at $0.88(Resistance turns support). I have raised my Stop Loss if $0.875 is violated with volume to protect my capital.

SEAL—Broke previous high of $1.02 and into uncharted territory to a new high of $1.16. For stage 2 Bullish counter TCB encourage setting Trailing Stop to protect profits, I have raised my Trailing Stop at $1.08 to protect my profits or may sell into strength towards next target of $1.20/$1.25.Note I cleared 50% of my stock at 41.09/$1.14 today to lock in profits.

Happy Trading and Good Night..

Lottolearn,
Please read my stock update later in TCB on Seacera.

In TA, target is just a guide and whether it get there or not your guess is as good as mine. That is why TCB encourage traders to cultivate habits of profits taking when opportunity arises.Foe Seacera I have raised my Stop Loss if $0.875 is violated to protect my capital.(Never let a winning stock becomes a losing stock).

For Seal, I sold total 50% of shares today at $1.09 and $1.14, it should be heading to next target of $1.20/$1.25. Again it is just an estimate.TCB encourage traders to set Trailing Stop when riding on a winner. For Seal I have raised my Trailing Stop at $1.08 to protect my capital and profits. Or I may sell into strength towards $1.20/$1.25.

Happy Trading

master_tan
#Ivory is testing the resistance at 0.64 and it has strong support at 0.615. Worth to take a look on this before it surge. #

Thanks for sharing Ivory, it is still trapped inside Rectangle of $0.61 to $0.645. Unless it can breakout $0.645 with volume it is most likely to trade sideways for awhile..

Kheng—You rae right if we can choose 7/10 winners we should be ok..

Happy Trading

lottolearn,

Please, i am just a normal Short term trader, TCB encourage traders to protect their capital in stock trading.
Please do not take the stocks i mentioned as a recommendation to buy..Please buy the stock with a trading plan. Work out your losses you are willing to take before buying in any stock..Over the years i picked many losers too..

Happy Trading..

inwest88 --Many thanks for you help to lottolearn on Sona about the $0.45 pay back scheme. We are glad you visit our thread and really appreciate your valuable and knowledgable inputs. So share more with us on the stocks you pick as TCB eventhough is more on TA but we welcome any comments on FA or whatever methods any traders deem fit. Our main focus is to make money in the stock market. I always believe TA is only a guide and traders may not make money base solely on TA, a Trading Plan is needed to win in a long run.

Boon3-- Thanks for your valuable inputs on Sona as well, so much informations that worth digesting.

Lottolearn, I think you have all the facts on Sona by now and hopefully you can make a right decision. Like what inwest88 says, selling is the most difficult part of trading because of our Greed and Fear especially one that involves taking losses.
Maybe you can think out of the box : instead of concentrating on losses why not think if you can release your capital and that capital can be used to buy some uptrending stocks and in that way you can slowly make back what you lose in Sona.Then this is only my suggestion.

We are happy so many experience traders visit us and help to guide those new traders in this thread.

Happy Trading..

Lottolearn, i agreed with profitMan & understand your frustration on buying in Sona. Still i do not agree that you putting all the blames
to your friend for buying Sona.
You claim that your friend bought Sona bcoz some sifu in I3 asked him to buy.I personally feel that both of them mean good more than harm. When u buy it is solely your own decision.
Instead of blaming your friend or the sifu in I3, make a decision whether to take losses or hold..profitMan n sephiroth have given you a good analysis..
To start making money in stock market is to accept your mistake and move on..Blaming your friend or others v not helps.

Happy Trading..

ProfitMan, thanks for the great write up on Sona.
Not only lottolearn can benefit from your article,
I learn a lot too.

Sephiroth, it is always nice of you to drop by TCB,
Many thanks to your valuable inputs on Sona. Appreciate it.

Cherry Tomato, you are right TCB discourage average down.
Only losers average losers. But i will share with you later
How you can average on a stucked counter and get out sooner.Now
at KLIA2..Mayb tomortow k?

Haappy Trading...

Old Stocks Update

1) BREM—Still consolidating between $2.05/$2.10 with strong support at $2.01.Formed a Doji Star last Friday, indecision. A break above $2.10 signals price reversal or vice versa if break below $2.05. Immediate Resistance is at $2.17/$2.23 if $2.10 is broken.

2) ENGTEX—Sideways movement, but still in bearish mood. It is still trying to fill the breakdown gap $0.1.93/$1.90 (The gap was partially filled at $1.92), unless this gap is filled it is expects to trade between $1.83 to $1.93.A break above $1.93 will find strong resistance at $1.98.

3) WCT—Sideways movement of $2.18 to $2.25. As mentioned earlier, I may cleared this counter soon after receiving the dividends. If break $2.25 next strong resistance is at $2.30 and immediate target at $2.35.

I will be away till 7th July might not be able to update the charts..
Have a nice weekend.

sunshine96

SEACERA—After Hitting high of $0.975 on 15/05 Seacera consolidated to a low of $0.76, on 16/06 it breakout from its consolidation with a breakaway gap which start the bullish trend. It is forming a possible CUP and Handle pattern and a break above $0.88 with volume signal breakout and has bullish implication with an estimated target of $0.98 and beyond. Immediate strong resistance is at $0.88 (Neckline for C&H pattern), $0.92. Any weakness should find immediate support at $0.85/$0.84, strong support is at $0.82.
For short term traders you may want to set Stop Loss if $0.82 is violated with volume.
For mid term traders Stop Loss if $0.76 is violated with volume.

Note: I will be away til 7th July so might not be able to update my charts.

Have a nice weekend..

19/06

Stock Update:

PRLEXUS—After hitting my TP1 of $1.82 and consolidated to lows of $1.73 it is moving toward my TP2 of $1.90. Upward Momentum has slowed down and may test its Immediate Support at $1.80 and strong support is at $1.73. For those that bought when it broke out of the Ascending Triangle at $1.65(Through my email alert) please set your Trailing Stop to protect your profits.
Note: To answer some of your emails:Target is only a Guide, please do not hold me that it will get to $1.90 and the reason I sold at $1.80/$1.82 because I am a short term trader and I always lock in my profits.I reentered at about $1.76 and will take losses if $1.73 is violated.

WTK—Still trapped inside Triangle $1.35 to $1.44 . A break above $1.44 with volume signal breakout of its symmetrical Triangle which will be very Bullish.

KNM--It hit my Target today at $0.865 and I cleared all my KNM to lock in my profits.

Happy Trading and Good Night..

18/06/14

Mitra--I have cleared all my Mitra to lock in my profits because it could not break above its previous high of $0.935.

KNM-—Trading in uptrend channel with Range $0.79 to $0.865 (Higher Low and Higher High and these values keep moving higher). Formed an Engulfing Bull yesterday, but today closed at $0.835 which is indecisive whether it is the last engulfing top.Will clear if cant break above $0.845 soon.

I am monitoring:

PRLEXUS—Buy on weakness or if it breaks above $1.82 as next estimated target is at $1.90.

SEAL--Immediate support is at $0.96, if break $1.00 may try previous high of $1.05 and beyond.

Happy Trading..

tccher ,

You can email me at:

matrixcool02@gmail.com

02 reads zero two.

Good Night..

For Traders that have been collecting KNM and Mitra since my alert through email much earlier, my congratulation to those that have started to lock in profits.

Latest Update:

KNM—Trading in uptrend channel with Range $0.79 to $0.86 (Higher Low and Higher High and these values keep moving higher). Upward Momentum speeds up to test its immediate Target of $0.85/$0.86. Short Term traders Stop Loss if the uptrend line of $0.79 is violated with volume. Formed an Engulfing Bull today during an uptrend, do observe tomorrow closing if it is below $0.835 it may be the last engulfing top.

MITRA—Hit my Target of $0.935 today but fail to break above it. Upward momentum increase, it is expected to re test its previous high of $0.935(Very Strong Resistance as this is also the same high that set on June 2011). It needs a much bigger volume to break this strong resistance and a successful penetration( I will scale in more shares) will take it the next target of $1.00. Immediate supports adjusts to $0.91/$0.87 and to Stop Loss if $0.82 is violated.
Note: I may lock in all my profits if $0.935 could not be taken out soon.

Happy Trading and Good Night.

Ha, pathew, get me involved too??

I think what needs to be said on TA have been pointed out by you all. The only thing I may add is the gap of $0.82/$0.80 will be filled one of theses days. The breakout today does carry an estimated target of $0.895/$0.90 which it almost achieved today.

Happy Trading..

ILB--Very interesting stock Pathew brought out today. So many discussions and lots of inputs from the forumists.
Our thanks to Lz Lee Weiping, Mc_Wei, ProfitMan and of course Pathew for some insightful inputs on the stock. That is why TA is so interesting and everyone interprets the chart differently. I read with real interest and learn from you all too.

I also like to congratulate Sunlight for his 1st TA posting on TCB thread, hope you can carry on reading more charts in the future.

Happy Trading.

tsy88 > Jun 15, 2014 01:56 PM | Report Abuse
Dear TCB - Can u pls analyse Amcorp n advise? Tq so much

tsy88 --Do you mmean​ AMPROP ??

Bs1688
Dear TCB, need your advice on Iris , tqvm

Bs1688, profitMan did the chart reading for Iris earlier,

Iris: Update analysis: Broke out of its rectangle pattern on 28/5 with volume but the breakout was unsustainable. It has now slipped back into the pattern under selling pressures. Immediate support remains at 0.40. Still need to clear 0.435 consistently and the important resistance to overcome now is 0.46 before it can trend higher.
Currently trading under the corrective wave 2. A sustainable bullish breakout with volume from this phase will launch it into the bullish wave 3. ProfitMan > Jun 8

After his reading,
IRIS—Still trapped inside the Rectangle Trading of $0.40 to $0.46 and also under its downtrend line. IRIS if break $0.46 will meet its strong resistance at $0.485/$0.48. If this level is taken off with volume ,there will be a Trend Reversal for Iris. If you are trading inside the Rectangle, do set your Stop Loss if $0.40 is violated with volume as the next meaningful support is at $0.385/$0.37.

Happy Trading..

16/06/2014
Old Stocks Update

BREM— Weekly Chart turns Bullish.Expected Trading Range=$2.01 to $2.12.Fomred a Doji Star, Price reversal if break above $2.13. Upward Momentum intact. If break $2.13 it is expected to scale higher to its immediate Resistance at $2.17/$2.24. Will clear if $2.00 is violated.

ENGTEX— Expected Trading Range $1.85 to $1.98. Upward Momentum and if close the gap of $1.93 most likely to test its strong Resistance at $1.98.

WCT—_-Upward Momentum.Trading Range $2.18 to $2.30. It is expected to test its strong Resistance at $2.30.A break above $2.30 with volume signal mid term Trend Reversal (Also completion of Cup and Handle Pattern which has bullish implication) for WCT with estimated targets of $2.50/$2.60 for medium term.The only problem with WCT is it has lots of overhangs to clear, so unless the breakout is with big volume it is not going to sustain as any meaningful rebound. I may clear mine if $2.30 cannot be broken soon to release my capitals as those that bought this counter earlier with me have collected the dividends.

Happy Trading..

Sunlight—On your question of Overhangs .

Overhangs—When I use the word overhangs mans there are many strong resistances to clear. This normally happens to stocks that have a Big Pull down and start to rebound. When it starts its new cycle upward any meaningful rebound will invite sellers that bought at high buy refuse to take losses early in the first place and saw its stocks sank so low and have big paper losses. The next time the stock rebound,this time they are willing to take losses (which to them now is a lesser pain compare to that Big pull down).
So that is the reason it is always good to trade counter that is setting new highs because it has no overhangs to clear.Counter that set new high you trade by setting Trailing Stop to protect your profits.

Happy Trading..

optimusx8888—Thanks for the kind words.

johnny cash—TCB does not recommend stocks at this thread. Every week TCB will pick a few stocks we may like to trade short term and put in *Stock In Focus*, please do not take this as a buy signal as our TA reading for those stocks are for sharing purpose only.

So far we have put up 4 stocks;

1) ABRIC—It breakout from $0.335 with a breakaway gap (signified a major new trend) last Friday from its Rectangle Trading carry an estimated Target of $0.385/$0.40 & beyond. The breakout also took out the “Dark Cloud” formed on 11/06/2013 which has been shadowing the upward movement of Abric. We believe Abric has good potential to scale higher after the breakout. Any consolidation due to its overbought position offer the opportunity to buy for future play. Immediate support adjusts to gap support of $0.34/$0.335. Stop Loss if $0.33 is violated. ( 19/05)

2) JAYCORP: First broke out with volume on 17/3 followed by 2 consecutive gaps up candles to start an uptrend interrupted by intermittent consolidations. The latest consolidation phase, sparked by the dark cloud formation on 24/4 seems to have exhausted and it appears bullish with increasing momentum. Potential MACD bullish crossover in progress.
It is important for its price to stay above 0.825 to sustain the uptrend and equally crucial for the dark cloud of 24/4 to be cleared with volume to scale new highs.
Support(S): S1 = 0.775/0.78 ; S2 = 0.74
Resistance (R): R1 = 0.825 ; R2 = 0.86
Target Price (TP): TP1 = 0.85 ; TP2 = 0.89 ; TP3 = 0.92


3) SCOMIES—Breakout from the Double Bottoms on Friday with increased volume at $1.04 which has an immediate target of $1.12 with immediate resistance at $1.08. Any weakness due to the overbought position should find immediate support at $1.04/$1.02 and very strong support is at $1.00. Any weakness offers buying opportunity for future play. A break above $1.12 will take it to its previous high of $1.17 and Target 2 of $1.20. Short term trading Range estimated to be $1.02 to $1.12. Stop Loss if $0.96 is violated with volume. ( 01/06 )

4) Sernkou- Breakout from the Rounding Bottom on 11/6 with increased volume at 0.33 which entered a uncharted territory. Gap up today could be breakaway gap which indicate very bullish in nature.
Target Price is 0.4/0.44. Any weakness due to the overbought should find immediate support at 0.33. and very strong support at 0.315. Stop loss if 0.295 is violated with volume. (12/06)

Happy Trading..

jass

I did the chart reading on BERTAM on 06/06 and 10/06..
06/06

#BERTAM—I did a quick trade on BERTAM and managed to sell it on 27/05 when it hit my target of $1.06.( Those that received my email alert will know this counter last month).It is at stage 2 of the cycle and very bullish but after hitting high of $1.06 it started its consolidation with reduced volume which is healthy. It tested its immediate support of 0.96 but manage to hold above this level so far is an encouraging sign. BERTAM violated its uptrend line on 04/06 with volume and this uptrend line will now act as its Resistance for any future rebound. (As of today the reading is at $1.03 and rising).The downward momentum has slowed down and some rebound to $1.00/$1.03 can be expected soon. BUT a break below $0.96 signal longer consolidation period with next meaningful support at $0.90/$0.88. Stop Loss if $0.83 is violated. #

10/06

#BERTAM--After the reading as what you said it violated immediate support of $0.96 and consolidation is expected to be longer than anticipated. It is heading to the strong support as mentioned by me, i.e. $0.90/$0.88, any rebound may find immediate resistance at $0.96(Support turns resistance) and strong resistance at at it previous uptrend line(As of today the reading is at $1.03 and rising) #

15/06,
After the reading, nothing change except it rebounds from the low of $0.915 instead of the support I mentioned at $0.90. This new support is yet to be tested, so any further consolidation as long as $0.915 stay, then we can expect Bertam to re test its previous high of $1/05/$1.06. (Also the resistance I mentioned earlier, which is its previous uptrend line. As of today the reading is at $1.05 and rising).


Alexofb2b--You are most welcome.

Happy Trading..

Alexofb2b—I did the chart reading for INSAS on 26/05.

#INSAS—very bullish stage 2 of the cycle and forming FlagPole pattern on weekly chart, it is under consolidation inside the bullish flag pattern .Daily Chart—After hitting high of $1.36 on 03/04 forming a “Spinning Top” at the top imply some pull back which it did. It has found a new base at $1.18 and rebounded from this level on few occasions but failed to clear its previous top to carry on its upward movement. Immediate resistance adjusts to $1.26/$1.28, a break above this level signal breakout from its downtrend line and it should move to test its previous high. It is slowly developing into a Descending triangle pattern (Bearish implication)with neckline at $1.18, a break below this level with volume signal trouble and short term traders may want to exit if $1.13 is violated. (26/05)#

After the reading,(15/06)

The scenario remains almost the same except it did breached the support of $1.18 on the weekly chart with small volume, but manage to stay on that level. It is still not out of the woods yet even though some technical rebound is expected to its immediate resistance at $1.21 and very strong Resistance at $1.25( Also its immediate Downtrend Line). A break above this level with volume signal Trend Reversal to try its previous high. Any further weakness may find support at $1.13/$1.10.

Happy Trading..

Hi everyone,
For those that have requested for TA of their stocks, TCB will read them over the weekend.

Remember to check our posting on Sunday night..

Have a great weekend.

PRLEXUS—It hit my TP1 of $1.80/$1.82. For those that were collecting with me when I first alert last week through emails, please take on some profits or set a Trailing Stop to protect your profits.

Happy Trading..

sunshine96

GUNUNG—It is forming Symmetrical Triangle on the weekly chart, which has Bullish implication because it normally followed by continuation trend that preceded it. However, the direction of the breakout from a Triangle is more important than type.Trading range for mid term expects to be $0.82 to $0.92, A break above the $0.915 signal breakout to scale higher and a break below $0.82 spells trouble for GUNUNG.
For short term—Trading under its Downtrend Line, which is bearish. It is expected to trade between $0.86 to $0.92. A break below the next meaningful support is at $0.835. A break above $0.92 it is expected to meet strong Resistance at $0.945 and Gunung will become bullish if it can break and stay above $0.945( Its immediate Downtrend Line).

Happy Trading

tsy88 ,
You need to make that important decision to Buy and Sell, no one can tell you that and don"t ever let others tell you when to Buy/Sell ok?

But you can use the Stop Loss to work out the Risk/Rewards Ratio.
If you are buying at $2.08 your risk is 5 cents if $2.03 is violated with volume.
Immediate resistance is at $2.17 giving you 9 cents gains.
Your Risk/Reward is about 1:2, is that good enough for you?

Happy Trading..