winwinborn,

WCT uptrend is still intact, for the short term after adjusting for the dividends it may re test support of $2.18.

As mentioned earlier this counter has lots of overhangs to clear, i may clear mine when it rebound to release my capitals. Will definitely post here when i am selling.

Cleared my Jaycorp this morning..

HEVEA--broke $1.50 but whether this is a Bull Trap yet to be confirmed..


Happy Trading..

winwinborn

OSKPROP—Very Bullish stage 2 of the cycle. Keep breaking new high into uncharted territory. This morning it gap up from its immediate resistance of 1.87 heading towards its next estimated target of $2.00. Congratulation, you are on a winner. For counter that is trading on stage 2 cycle I would suggest you do set a Trailing Stop to protect your profits just in case there is a big pullback. The immediate support adjusts to big Gap Support formed on 14/05 at $1.82/$1.78. Very strong support is at $1.75/$1.73.

Happy Trading.

miracle4faith ,yoda88,

WONG--just a word of caution, after what happens on 29/04 which Wong took a beating. It is forming what we refer as a 'Rising Wedge" after a decline which has bearish implication.Of course it may still trend upward and the pattern can only be confirmed after it breakdown from its existing uptrend line.

It is expected to trade inside this "Rising Wedge" channel (if you join the lows from 30/04, 14/05 and extend it for the Support. Now another line on the tops from 30/04, 15/05 and 15/09)you will see the channel.

If you are trading this counter do monitor the immediate uptrend line and would like to suggest to Stop Loss if this line is violated with volume.

Happy Trading..

Danke

ASIAPAC—Stage 2 of the cycle and very Bullish. After hitting a high of $0.32 on 28/04 it consolidated and found a new base at $0.24 . It has since rebounded to $0.285 and trading sideways between $0.26 to $0.285.It is not out of the wood yet, and it needs to stay above its immediate uptrend line (at $0.26 as per today) to retest its previous high and beyond. A break above $0.28 will take it to resistance at $0.30 and its previous high of $0.32. A break below $0.255 spell troubles, even though the strong support is at $0.24, the consolidation will take much longer. For short term trader exit if $0.23 is violated.

Thanks Yoda for helping miracle4faith ..

Happy Trading..

22/05/2014
1) 3A— As suggested the Gap was filled today, as long as 3A stay above the gap support it is expected to retest $0.945 and if break will test my TP1 of $0.97. The upward momentum has slowed down and prices could be stabilizing around $0.90/$0.945.
2) BREM—Form another Doji today, the downward momentum has slowed down and volatility is extremely low. Some rebound could be expected, if break $2.08 it is expected to test $2.12/$2.17 and my TP1.
3) ENGTEX—Retested important support of $1.84 but managed to hold.The good news is the Price/RSI started to form Bullish divergence imply some accumulation is on around this level. Still the counter is very bearish and yet to fill the gap of $1.90/$1.93 in fulled.
4) HEVEA—As suggested HEVEA hit my target of $1.50 but failed to break above it. It is expected to try to break above $1.50 soon and to my TP2 of $1.58/$1.60. Any weakness due to the overbought position should find support at $1.45/$1.44. I have set my Trailing Stop to $1.43 to protect my profits.

Today I sold:
HEVEA hit my Target of $1.50 I sold 30% of my stocks av $1.47 to lock in 8.0% profits.

I am still selling:

a) JAYCORP (remaining 50%) As suggested, tested its immediate resistance at $0.825 today. More upward movement can be expected to $0.86/$0.90/$0.95.

b) HEVEA (Reaming 70%)—Set Trailing Stop at $1.43 to protect my profits.

c) 3A (Remaining 80%)—May clear more on any rebounds.

Happy Trading and Good Night..

Stock Operator

PICOP—Very Bullish after breaking out from the Round Bottom Formation (Reaction high of $0.245) and carry an estimated Target of $0.36 in mid term. For the short term, very bullish at stage 2 of the cycle. It broke out from the Rectangle trading at $0.30 lately and hit a high of $0.32 and now it is retesting the new support of $0.30/$0.295 (Resistance turns support). Failure to hold will find stronger support at $0.28/$0.275. A break above $0.32 will take it very strong resistance at $0.345 and a target of $0.36. Exit if $0.25 is violated.

Happy Trading..

Stock Operator --will look at PICOP later as i am outside at the moment.

nch218 --Ya, Sycal very bullish after breaking new high, congratulation to you.

Happy Trading..

Gji Gan,

INGENCO--Very bearish. If you are thinking of bottom fishing please set the exit if $0.07 is violated.

Regards

Gji Gan

AAX—Stage 4 of the cycle ended with a low of $0.74 on 25/03/2014. Yesterday it broke out from its consolidation yesterday with volume and carry an estimated target of $0.89. Today it reached a high $0.87 before starting its consolidation due to overbought and profit taking activities . Any consolidation should find supports at $0.815 (Resistance turns Support) /$0.795, offer opportunity to collect for future play. A break above $0.89 AAX is expected to fill the Gap Resistance of $0.92/$0.935 formed on 26/02/2014. Exit if $0.74 is violated.

Happy trading..

Linabee

DIGISTA—On weekly chart stage 4 of the cycle ended with the new low of $0.195. Now at stage1 of the cycle trading between $0.225 to $0.32. It needs to break and stay above $0.32 with volumes ( lots of overhangs to clear) to start its Bullish stage 2 of the cycle. If break will try resistance at $0.355 and a target of $0.40. It is in bullish momentum on the daily chart and trying to break and stay above its strong resistance at $0.32. Any weakness should find immediate support at $0.29/$0.28. Exit if $0.22 is violated.

Happy Trading..

pathew, 1Bull ,

SONA—Breakout from Symmetrical Triangle 2 days ago with volume, it is very bullish and should be testing its previous high of $0.62 soon. A break above will take Sona into uncharted territory with targets of TP1=$0.66 and TP2=$0.70/$0.73. Any weakness during consolidation may find immediate support at $0.585/$0.58 and strong support at $0.56/$0.55.Exit if $0.535 is violated.

Happy Trading..

1BULL, ProfitMan did the chart reading for MPAY on May 15

The bullish engulfing pattern on 6/5 is a significant bullish reversal indication. After a series of consolidation, it formed another bullish engulfing pattern on 14/5 and could be poised to trend higher. Need to clear its immediate resistance at 0.30 convincingly to test its next resistance level at 0.34 before attempting to take out the evening star formation of 25/4. Immediate support is 0.265 while it should find major support at 0.22/0.225.
If it can take out the 2 resistance level convincingly, the bullish engulfing pattern of 14/5 would mark the end of wave 2 on the Elliot and it would now embark on wave 3, the bullish phase.

And yoda88 did the chart on May 18,
MPAY is in the bullish region as it manage to stay above the 50MA. Volume is healthy. If 0.345 resistance is broken it might scale higher to 0.385 level and failing to stay above 0.30 it will trade side ways. Traded MPAY last Friday on a intraday play and will be taking position on Monday at 0.31/0.32 level with a stop loss of 0.285. Always trade with a plan.

Happy Trading and Good Night..

21st May 2014

1) 3A— As suggested yesterday it tested its strong resistance at $0.945 but failed to stay above.Today it open with a big gap which invites lots of short term traders to lock in profits to fill the Gap. It is expected to retest $0.945 and if break will test my TP1 of $0.97. Immediate support adjusts to gap support of $0.93/$0.92.

2) HEVEA—As suggested last night, it broke above $1.41 which I scale in another 20% of shares and now my average cost has increased from $1.34 to $1.36.It hit my TP1 of $1.45 but yet to close above it. It is expected to break above $1.45 to test its previous high of $1.50 and if break will test my TP2 of $1.58/$1.60 .

3) PRTASCO—It may test my TP1 of $2.00/$2.04 soon

I am still selling:
JAYCORP—More upward movement can be expected to $0.825/$0.86.


Today i cleared 20% of 3A to lock in 7% profits.

Happy Trading and Good Night..

1BULL, you may not realize we have started a new thread call TECHNICAL CODE BREAKER@ TCB, please post your requests there as this thread will be closed soon.

Happy Trading..

Dimo Limo,I am using metastock too..

send me an email at matrixcool02@gmail.com

02 reads zero two.

Happy Trading

HEVEA--just broke out from its immediate downtrend line, most likely to try my TP1 of $1.45/$1.50..

Happy Trading..

inwest88 --SF had done the KiaLIm for you in TCB..Please read SF earlier posting in TCB.

3A--Sold 20% of 3A at $0.955 this morning to lock in 7% profits, a big Gap up in the morning open does invites short term traders to sell to fill the gap.

Happy Trading..

Wokan, well done and thanks for sharing SEAL..

Seal is very bullish and at stage2 of the cycle. Like what you say it needs to break above $0.775 (Its previous high) to carry on its bullish trend.The recent low of $0.64 act as a very important support, i would think one need to take losses if that level is violated. Reason being we need to give the stock more spaces to maneuver.

We encourage more traders to share their TA knowledge and everyone is welcome to share the thoughts of your own stocks..

Happy Trading..

humble_bee

HOVID—It needs to break and stay above $0.38 to carry on its stage 2 of the cycle to the next target of $0.435/$0.45, strong resistance is at $0.40. Now it is on sideways Rectangle Trading of $0.325 to $0.38. A break below $0.325 spell troubles (Starts stage 3 of the cycle) and it will most likely heads down to support of $0.285/$0.27. For Rectangle SidewaysTrading traders will normally buy near support and sell near resistance.

Happy Trading..

novice8

HSL—Maybe forming “ inverted Head and Shoulder” on the weekly chart ( which has bullish implication)with reaction high at $2.03. A breach of this level will take HSL to scale higher to $2.13/$2.18 and beyond in the medium term. Daily chart formed an Evening Star yesterday at the reaction high of $2.03 imply some consolidation may be on the way. Any weakness should find immediate support at $1.97 and stronger support at $1.90/$1.88. On your question of whether you should sell or not you need to make that important decision yourself.

Happy Trading..

1) 3A— It is expected to test strong resistance at $0.945 in coming days and a break above will test my TP1 of $0.97. Any weakness will find immediate support at $0.895/$0.875.

2) ENGTEX—Trying to fill the gap of $1.90/$1.93. Strong resistance is at $1.98 if the gap is filled. The counter is still very bearish.

3) HEVEA-- It is expected to break above $1.41 to confirm price reversal (break out from its immediate down trend line) to re test Tp1 of $1.45/$1.50.

Happy Trading and good night...

sephiroth, nice of you to drop by. The TCB is not my thread, but a group of us that want to share TA together.

I think you know I am not an FA man, but respect those with good FA knowledges like you.

Do share with us any good FA counters as some of the forum investors are interested in FA too..

Happy Trading..

Thanks everyone for the good wishes for TCB..

Dale27

TM—Very Bullish after breaking out from $5.95 on the weekly chart which carry an estimated target of $6.75/$6.80 in mid term. Stage 2 of the cycle and very bullish on the daily chart, breakout from the Ascending Triangle at $6.20 on 15/05 and it is heading toward the target I mentioned. Any weakness should find immediate support at $6.35 and strong support at $6.20.(Resistance turns Support). You are on a winner and would advise to set a Trailing Stop to protect your profits.

Happy Trading..

MINHO--Hit my Trailing Stop at $1.22 so I sold all my remaining 30% of share to lock in 16% profits.

Happy Trading..

19/05/2014

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.
STOCK IN FOCUS ( Short Term Trade)

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.

Our Stock In Focus hit our target of $0.385/$0.40..

lfctrade --SF cover Encorp Wa will study the chart for you later.

pathew--TCB belong to all of us..I proposed it and many joined in the we have about 7 founders on this thread..

Dale27 --will look at TM for you..

Happy Trading..

novice8, thanks, but I really can"to find times to do both. Don"t worry, I will update my old stocks on TCB in June til all those stocks i clear but would not add in more new stocks.
I think over the year my purpose to open my trading stocks in this thread is to educate traders that with a proper trading plan, discipline one can actually make money in the stock market in the long run.
You can email me at matrixcool02@gmail.com if you are interested in the stocks i normally trade at $1-$2+ counters Ok?
02 is zero two in my email.

Happy Trading and good night..

19/05/2014—Weekly Summary

1)3A-- AV Price=$0.89 (Closing=$0.905 , P&L= + 1.70%), Stop Loss=0.865 . Risk= -2.80 %. Tp1=$0.97 , TP2=$1.00/$1.02. (Exp Trading Range $0.88 to $0.97 ).
Note: 3A failed to test its test the strong resistance at $0.945 last week, price movement is range bound. The upward momentum has slowed down due to the Common Gap formed on 15/05 but if break above $0.925 will change the landscape. It is expected to test $0.945 in coming days and a break above will test my TP1 of $0.97. Any weakness will find immediate support at $0.895/$0.875.

2)BREM-- AV Price=$2.03 (Closing=$2.05 , P&L= 0 %), Stop Loss=$1.90 .
Risk= -6.40 %. Tp1=$2.20 , TP2=$2.26/$2.30. (Exp Trading Range $2.02 to $2.12 ).
Note: It is settling into a tight trading range of $2.02 to $2.12 and the volatility is extremely low imply some price action could be happening soon. The downward momentum has slowed down so some rebound can be expected. Any rebound should find immediate resistance at $2.10/$2.12, for price reversal, it needs to break and stay above $2.12

3)ENGTEX-- AV Price=$1.92 (Closing=$1.87, P&L= -2.60 %), Stop Loss =$1.84. Risk= - 4.2%. Tp1=$1.98 (Exp Trading Range $1.84 to $1.93 ).
Note: Engtex has turned Bearish after heavy selling on Friday which touch my Stop Loss level of $1.84 but did not violate it. It opens with a fallen window on Friday at 1.90/$1.93 which act as Gap resistance for now. Due to latest development I may clear ENGTEX on any rebound ( expect to fill the Fallen Gap) to take little losses to release my capital.

4)HEVEA-- AV Price=$1.34 (Closing=$1.37, P&L= +2.0 %), Stop Loss ( 2)=$1.30. Risk= - 3.0%. Tp1=$1.45/$1.50, TP2=$1.58/$1.60 (Exp Trading Range $1.32 to $1.42 ).
Note: It has settled in a sideways movement of $1.32 to $1.45. Any rebound will find immediate resistance at $1.41 if break confirms a price reversal (break out from its immediate down trend line ) to re test Tp1 of $1.45/$1.50. Any weakness will find immediate support at $1.35/$1.32. I may clear HEVEA to release my capital if it can”t clear $1.42/$1.45 soon.

5)PRTASCO-- AV Price=$1.89 (Closing=$1.93, P&L= +2.0%), Stop Loss=$1.80 . Risk= -4.8 %. Tp1=$2.00/$2.04 , TP2=$2.10/$2.14. (Exp Trading Range $1.90 to $2.04).
Note: AS suggested PRTASCO break out from its bullish Flag pattern on 12/05 with volume and hit my TP1 of $2.00/$2.04. The break out also invites lots of profit taking activities and it closed weak at $1.93 last Friday. The upward momentum is intact and it is expected to retest my TP1 again. Any weakness will find immediate support at $1.90 and strong support at $1.86/$1.85.

6)WASEONG-- AV Price=$2.01(Closing=$2.02, P&L= 0%), Stop Loss =$1.94, Risk= -3.50 %. Tp1=$2.18, TP2=$2.29/$2.30 (Exp Trading Range $1.97- $2.10) Note: It is forming Flag Pole Pattern with Bullish Pennant formation, a break above $2.07 signal Breakout and I may scale in more shares.Any weakness should find immediate support at $2.00 and strong support at $1.97 /$ 1.95 ( For mid term traders Stop Loss level if $1.82 is violated).


7)WCT-- AV Price=$2.263(Closing=$2.26, P&L= 0 %), Stop Loss (3)=$2.10, Risk= -7.20%. Tp1=$2.37/$2.40, TP2=$2.50/$2.55 (Exp Trading Range $2.18-$2.29) Note: Last week WCT tried to break above $2.30 but yet again failed to clear that hurdle. It is trading in the Rectangle Trading of $2.18 to $2.29. The upward movement is intact and momentum has increased and volatility is extremely low so some price action can be expected soon. A break above $2.30 will take it my TP1 of $2.37/$2.40.Any weakness should find Strong support at $2.00/$2.18.

I sold all my remaining 50% of BARAKAH when it hits my Trailing Stop of $1.68 locking in 5% profits overall

I sold another 20% of MINHO at $1.25 to lock in 19% profits.

I am selling remaining shares of:
MINHO (30%)—Trailing Stop at $1.22, any weakness may find immediate support at $1.23. TP3= $1.30/$1.32 . I have raised my Trailing Stop of MINHO to $1.22 to protect my profits.

JAYCORP ( 50%)—Stop Loss at $0.72. Will clear to release capital.

I am monitoring and collecting in stages :
MUDA—May test support of $1.83/$1.80.

Happy Trading and Good Night..

19/05/2014

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.
STOCK IN FOCUS ( Short Term Trade)

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.

Happy Trading and Good Night.

tccher—I will still update my stocks on my old thread until the end of the month, then that thread will be deleted. The reason we started TCB is because we think most traders trade stock below $1.00 and our aim is to be able to help more traders especially newbies.

jass & winwinborn ,SF is looking into the charts for both of you. The TA for your requests will be posted later tonight.

livermore ,

DSONIC—May have found a new bottom at $2.59 on 16/04/2014 and did rebound to the high of $3.87 on 21/04 before start to consolidate again. It is developing into Descending Triangle with the neckline at $3.22 which normally has Bearish implication unless it could break out from the descending line with volumes. The price reversal will start if Dsonice break and stay above $3.60 to test its $3.87 and strong resistance at $4.00. Exit if $3.22 is violated with volumes that means it is heading back southward and to be avoided at all cost.

lfctrade

KTB-- it is in the bullish stage 2 cycle. Any consolidation should find immediate support at $0.255, if fail to hold next Gap support is at $0.24/$0.235 ( A break below show weakness). For KTB to scale higher to continue its stage 2 upward movement, it must break and stay above $0.31 with volume. KTB has a very important support at $0.205 which is the neck line support of a possible “Double Top” formation which has Bearish implication. Exit if $0.205 is violated with volume.

Happy Trading ..

yoda88 ,Thanks for helping azrylamyr on MPAY.

Just a word of cautious: MPAY could be developing into what we refer as Bearish Flag pattern, make sure you exit if that flag support is broken.

Thanks

Bravo—Everyone is different when come to set Trailing Stop, some use indicators like SMA,stochastic etc to set their Trailing Stop.

I would like to share with you my method of setting Trailing Stops and some other traders might not agree with my way.

PJDWC—Last Friday formed a Hammer at Top (A candlestick warning, but need confirmation), I will be watching whether it can break $0.82 or not to test its previous high of $0.83 and beyond.
Now you look at next meaningful supports, immediate support is at $0.765, next support is at $0.735. So you need to ask yourself how much you are willing to give back if you cannot sell say at $0.82/$0.83? The Greeds and Fear factors come in.
You can also draw an uptrend line joining the lows from 3/32014,17/03/2014,29/04/2014 and set your Trailing Stop if this uptrend line is violated. ( As of today it read $0.75).

That says it actually breaks above $0.83 and into uncharted territory, then you may want to set your Trailing Stop just below $0.82 and if it keeps going up you keep adjusting upwards.

The decision is yours, I can only share my method with you.

Hope this helps.

Happy Trading..

Dale27 --No Problem, you need any TA help on your stocks just post it here and we will do our best..

We also welcome if you want to share your FA knowledges on any stocks we have done the TA here..

Happy Trading..

azrylamyr, Mpay is covered by Yoda88, he will update the chart for you tonight..

Kheng --You are welcome, we are here to share and learn together.Candlestick may tell us the price is going to reverse, but it can"t tell us how much and for how long.

PUNK123 , Dale27 ,do share with us your TA of your own stocks. That way we can discuss and learn together..

Bravo--will look at PJDWC Trailing Stop for you later..

Happy Trading..

TCB would like to thanks everyone for the best wishes..We really appreciate it !

Kheng—Sorry to hear about your mistake of buying on the news. It is quite true when the news is out all the prior price movement had factored that piece of news already.

Zu1967 thanks for helping out Kheng on THHE.

THHE—Formed an “Engulfing Bear” last Friday during uptrend movement which has Bearish implication. More downward momentum can be expected from THHE until this “Engulfing Bear” is taken out.Immediate support adjusts to $0.93/$0.915. Very Strong support is at $0.89.
Normally in the situation like this depends on what kind of trader are you:
a) For short term (aggressive) traders we will clear on any opportunity and no confirmation candle is required. And re look at the counter again after the “Engulfing Bear” is taken out.
b) For conservative trader, you can wait for the 3rd confirmation candle that if it closed below $0.945 tomorrow that means it is moving downward.

Hope this helps !

davidlim07

KPS-Very Bearish and stage 4 of the cycle. It found a new low at $1.40 two days ago, but whether this is the new bottom is yet to be tested (If $1.40 is indeed the new bottom, that means stage 4 of the cycle has ended KPS should start stage 1 of the new cycle).
Last Friday it formed a Bullish White Candle with volume imply maybe more rebound to its immediate resistance at $1.57/$1.60.If break the next strong resistance is at $1.68.Any weakness should immediate support at $1.48/$1.44. If you are thinking of bottom fishing, make sure you set your Exit if $1.40 is violated.
Note: The problem with stock that just ended with stage 4 cycle has lots of overhangs to clear.

Happy Trading..

18/05/2014

Invest88, thanks for supporting our new thread. Chart for:

LIANHOE—After hitting a high of $0.415 it consolidated to a new low of $0.335, the big pull back may have shaken lots of traders out. It is rebounding from the new low and last Friday formed a Bullish White Candle. Any further rebound should find its next resistance at $0.395/$0.40, very strong resistance is at its previous high of $0.415. With such a big pull back it is doubtful the previous high can be taken out soon unless with big volume to clear those overhang on traders that were caught on the high. Any weakness should find immediate support at $0.375/$0.365. Exit if $0.33 is violated.

Happy Trading..

azrylamyr, davidlim07 , MPAY & KPS will be posted by TCB later, please check it out there..

This thread will be closed by month end as i would not be posting my stocks in future because i find out most of traders trade counters below $1.00.

Happy Trading..

chris sy, welcome to our thread. Since you r new just to let
you know that we v be launching a new thread call:
TECNICAL CODE BREAKERS @TCB this weekend..Pl visit us on the
new thread n we r happy to help if you need TA of your stocks

Invest88, we will look at your charts n post it on our new thread
mentioned above.

Have a nice weekend...

Mc_Wei ,well done and thanks for helping out on PICORP. You mentioned of Resistance ($0.30) turns support and immediate target of $0.345 is spot on. Please put in more inputs in our new thread which we will start next week.

For TA discussion purpose, for Double Bottoms formation I would like to see more volume when it accelerated downward for the two bottoms. I think you know Double Bottom is just opposite of Double Tops and during Double Top is the opposite that the volume should reduce when hit the two tops.

PICORP can be considered as Rectangle Trading between $0.255 to $0.30 and a break above $0.30 gives an immediate estimated target of $0.345 as mentioned by you. In Rectangle Trading the volume reduces when it is near support at $0.255 and volume increases when it rebound from the support.

Happy Trading..

ProfitMan--Not sure about others, I am confused !! Because I have zero knowledge in Finance..

nana88,
Supermax—Stage 4 of the cycle to be avoided. If you are thinking of bottom fishing please exit if $2.26 is violated. I used to trade this counter few times and the last time I cleared mine is close to $3.00. I feel for those that were caught up there.

Happy Trading..

Novice8, MUDA break below $1.88 today most likely to head to next support of $1.82. My Stop Loss is at $1.78 but for mid term trader the Stop Loss is $1.58. I collected some yesterday and may collect more near $1.82/$1.78.

nana88—I remember I used to trade like that, praying the stocks I bought will move up. Ha, those days are behind me, I look at the stocks without any more emotion, when it hit my Stop Loss I am out and move on. When it turns Bearish I will exit on any opportunity to release my capital. When I am on a winning stock like MINHO I just set my Trailing Stop to protect my profits.

If you ask me, Engtex is the front runner for pipe supply to Langat 2 project, just because it makes less profits this quarter everyone is like it has turned to a bad Company overnight. The stock market is all about emotion, fear and greed and nothing else.

Happy Trading..

farue, Sp BoiBoi, Welcome to our thread. Since both of you are new I would like to inform you that a new thread by us call “Technical Code Breakers”@TCB will be launched next week to help traders on TA. If you have any query on TA do post on our new thread and we be glad to help.

Farure, will look at IRCB for you later as need to go out , or anyone to help farure here on IRCB chart?

Sp BoiBoi—I based my trading solely on TA, I do not know how to calculate intrinsic value of a company. Anyone can help here on company intrinsic value??

Mc_Wei
You use the right word “Potential” Double Top formation, for the Double top formation, we will never know until it happens.

For INARI the immediate support of $2.74/$2.67 which I derived. If you look at the chart on 07/05 a Doji was formed with a low of $2.67 meaning indecision.Then you look at the candle the day before which has a high of $2.73. In candlestick we interpret that if after a Doji, the next day candle if break above $2.73 previous day high( I allow I pip to confirm the break above at $2.74) with a bigger volume signal BUY and that level $2.74/$2.67 becomes immediate support. This is my way of reading and many may not agree as I know many use SMA to identify supports. I accept their ways as long as they are comfortable with it.

Yap, the level to observe for INARI is $2.56 that is why I advise those that trader INARI to exit if $2.55 is violated.Confirmation of Double Top formation.

Happy Trading..

Joyous >
# Good morning, can check on inari please?#

INARI—Stage 2 of the cycle and very Bullish, try its peak of $2.91 on 14/05 but failed to clear to explore the uncharted territory. It is consolidating after recent upward movement and any weakness should find immediate support at $2.74/$2.67. Very strong support at $2.56 and any weakness offer opportunity to collect for future play. Exit if $2.55 is violated.

nana88--Now are we praying to Stock God? (Joke Joke). Even it does not break $1.84 ENGTEX has turned Bearish Ok? So do have a plan either to reduce your losses not sure about your ccost, but ​my cost is $1.92. I​may want to release my capital when there is a rebound. If not i will just take my losses as what i have planned earlier before buying into ENGTEX.

Happy Trading

Mc_Wei , nana88

ENGTEX—Very bearish and it open with a Fallen Window that resemble Breakaway gap and the Bearish trend should continue.
I have not cleared my ENGTEX because it has not violated my Stop Loss at $1.84.

nana88, I am not sure what kind traders you are but I am a short term trader, that is why I set my Stop Loss at $1.84 if violated. For medium term traders their Stop Loss is at $1.65 if violated.

If you are short term trader like me, I would suggest the following actions:
a) Cleared when $1.84 is violated, take your losses like me and move on.
b) Hold on as today Fallen Gap ($1.93 to $1.90) need to be filled eventually, clear to reduce your losses when it close that fallen Gap.But you may need to go through some teeth biting days when it keep falling and I can"t tell you how soon the gap will be filled.

In Stock Trading, SELLING is the Most difficult part, but still it is the most important decision to make on your own.

Don”t worry, before I dispose off my ENGTEX I will definitely post it here to alert you.

JoJo118 > You did not realize Asuperm is suspended?

Happy Trading

JoJo118 >
#Bro Matrixcool, Can u please help to check on Asuprem ? Thanks.. #

From my screen the stock has been suspended since 08/05/2014, I think you need to wait until they lift the suspension, then we can help you to look at the chart.

Happy Trading..

Mc_Wei --Thanks for helping out on TA books and the link of stockchart.com. We would like you to share your TA with us here so we all can learn together.

Wtclau--For a beginner in TA, Martin Pring book ( which is very good), maybe is too technical for you to start. Depend what you find comfortable, but personally I like candlestick and there are many books in bookstores for beginner in Candlestick. I would also suggest that for a beginner, please do not read too many indicators as you will be confused.
Try to understand Price, Volume, Chart Patterns, Support and Resistance and candlesticks well first.

Happy Trading..

16/05/2014
1) 3A—Break below $0.90 with a fallen window so expect more downward movement towards support of $0.88/$0.875. It is expected to fill the gap at $0.91/$0.905 as the breakdown is done with a very small volume or what we traders refer to Common GGap, which ​means there is no interest in this stock and it is irrelevant to any forecast of the stock.I may clear on any rebound to release my capital.

2) HEVEA—Trapped inside sideways trading as suggested. Showing some strength as downward momentum has slowed down,expects more rebound soon, a break above $1.41 signal BUY and to immediate resistance at $1.45/$1.50

3) MINHO—Break above my TP2 of $1.26 today, it is expected to test my TP3 of $1.30/$1.32. I am raising my Trailing Stop more aggressively to protect my profits, my new Trailing Stop(2) is at $1.23 now.

4) MUDA—show some weakness today, downward momentum has increased, may test its immediate support of $1.88/$1.84. I collected more at $1.89 today.

5) WASEONG—Flag Pole pattern with Bullish Pennant formation, a break above $2.07 signal Breakout and I may scale in more shares.

6) WCT—It is forming the Ascending Triangle and a break above $2.29 confirm the breakout and has Bullish implication. The volume has built up and volatility is extremely low, and WCT is expected to break $2.29 to my TP1 of $2.37/$2.40 & beyond.

Happy Trading and Good Night..

P/s:

Lam2738—I did the chart reading for L&G earlier,
L&G—Stage 2 of the cycle and very bullish. After hitting a high of $0.545 it is under consolidation at the moment (That is why it is stagnant).It may have found the new bottom at $0.465, a break above $0.525 will take it to its strong resistance at $0.545. If break will get to its next target of $0.575 and into uncharted territory. Any further weakness should find support at $0.485/$0.465. Exit if $0.425 is violated. nicholasnwh90 (14/04)
After the reading,
L&G did hit my target of $0.575 on 17/04 and into uncharted territory. Today it sets a new high of $0.61 and moving towards its next target of at $0.625 and $0.655. Any weakness should find immediate support at $0.575 (Resistance turns support). MinMin (24/04)
15th May
As mentioned earlier, stage 2 of the cycle and very bullish, as suggested it did moved to my target of $0.625 on 28/04 but formed an Evening Star the same day which imply consolidation and it did. It consolidated and may have found a new bottom at $0.54 on 05/05. It is rebounding from this new low and testing its immediate resistance at $0.585. A break above $0.585 will take it to next resistance at $0.60 and the previous high of $0.625 and beyond.Immediate support adjusts to $0.55/$0.54, for short term traders please Exit if $0.54 is violated with volume.

John Wong

PANTECH—I cleared my PANTECH after spotting it formed the Last Engulfing Bull on 25/04, I cleared to release my capital. Since then it has consolidated downward to a new low of $0.96. With today close with a Bullish Candle at $0.985 more rebound can be expected from Pantech in the near term. It is expected to test its immediate resistance at $0.995/$1.00 ( Most likely to trade from $0.96 to $1.00 during this consolidation). If break may try $1.02 and its previous high. Immediate support adjusts to $0.96 and strong support at $0.95. Short term traders exit if $0.94 is violated.

cherry tomato—Don”t worry we are always here to help traders like you in TA.We encourage traders to learn TA because it is very useful in your future trading, especially on entry and exit prices. Take your time to learn, but if you have any query on TA just post it in our thread we promise to do our best to help. We will launch a new thread next week for TA platform as my thread will be slowly phased out by month end.

Happy Trading.

John Wong,

I have done the chart reading for Destini in March and early April:
DESTINI—After hitting high of $0.605 on 11/02 which formed a ‘Dark Cloud” the same day implies some pull back which it did. The big pull back from $0.605 to $0.445 must have shaken out lots of traders, especially it broke below $0.50 and $0.465. It finds a new low of $0.445 on 04/03 with an “Engulfing Bull” implies more rebound, which it did. Today it breaks out from its immediate downtrend line ($0.52) with volume so it is expected to test its immediate resistance at $0.57 and its previous high of $0.605. Unless $0.605 is taken out it is most likely to enter stage 3 of the cycle (Distribution stage and prices can be volatile).--(11/03)

After the reading,
It did tested $0.57 and heading towards $0.605. A break above this level with volume it is entering uncharted territory with an immediate target of $0.65 and beyond. (07/04)

15th MAY

After the reading it is still at stage 2 of the cycle and very Bullish. It did break above $0.605 and set an all time high of $0.705. It went through a healthy consolidation and found a new bottom at $0.58. It is forming Flag Pole Pattern with Bullish Flag developing. A break above $0.655( as on today reading) signal breakout from the Flag and should retest its previous high of $0.705 and beyond.Any further weakness should find support at $0.615/$0.60 and very strong support at $0.58. Short term traders may want to set Stop Loss if $0.565 is violated.

Happy Trading..

matrix6050 >
FITTERS—Stage 2 of the cycle and very bullish. After hitting high of $1.13 on 23/04 and it went through some healthy consolidation and may have found a new bottom at $0.955. It has started to rebound from the new low and testing its immediate resistance at $1.04. A break above $1.04 with volumes, it is expected to re test its previous high of $1.13 and beyond with next resistance at $1.10.Immediate support adjusts to 41.00 with strong support at $0.955. Short term trader may want to set the Stop Loss level is $0.95 is violated.

Mc_Wei--The problem is some traders have no TA knowledge so we would like to encourage them to start TA so that they can trade with more confident.

John Wong--Welcome to our thread, we are looking at your requests as there are quite a few charts we do need some times to look at them..

Happy Trading..

matrix6050
# Hey Matrixcool bro, what's your thought on mitra, gadang-wa, fitters? # ?

matrix6050—I have done Mitra in March and April.

MITRA—Very Bullish, after trading in the rectangle for almost 2 years plus, it breakout from $0.525 on the daily chart with volume and carry an immediate target of $0.585, TP2=$0.625 and long term target of $0.725.It is very bullish and any consolidation should find support at $0.555 and strong support at $0.525( Resistance turns support). Any weakness offer opportunity to collect for future play. Exit if $0.465 is violated.-- Cherry tomato( 12/03)

After the reading, it actually broke all those targets I mentioned in March..
Stage 2 of the cycle and very bullish. Breakout from the round bottom on the weekly chart (Bullish implication) and has an estimated target of $0.79/$0.835.if break may try its previous high of $0.925/$0.935. Immediate support adjusts to $0.705/$0.675 and any weakness offer buying opportunity for future play. Congratulation, you are on a winner, but do remember to set a Trailing Stop to protect your profits in case there is a big pullback.(April)

May 15th

It hit my estimated target of $0.835 and actually to a new high of $0.875. It is expected to test my next target of $0.925/$0.935 if $0.875 is taken out. Any consolidation should find immediate support at $0.835 /$0.815 and very strong support at $0.77/$0.74 which offer opportunity to collect for future play.

GADANG-WA—Stage 2 of the cycle and very Bullish. Hit the high of $1.16 on 18/04 and started its consolidation due to recent rally and may have found a new bottom in $0.85 at 29/04. It broke out from the Bullish flag on a Flag Pole pattern on 08/05 which is bullish and carry an estimated target of $1.30. Volatility is extremely low and upward momentum has slowed down so it may retest immediate support at $1.01 and strong support of $0.95. A break above $1.08 and it is expected to retest its previous high of $1.16 and TP of $1.30.. For short term trader exit if $0.85 is violated.

profitMan, SF, htyeap , Mc_Wei or any TA here can you help out the chart of FITTERS as I need to go out now..

Happy Trading..