HanTuaKee > You are absolutely right, Selling the most difficult part of trading because of our greed and fear. Thanks for your kind words, ya, I find the only way to make money in this stock market in the long run is to be disciplined.

YatYeeSam—Even though you are just只是路过 ...We welcome you as . The market is full of talks all the time, some said Sell in May, June because of the world cup and so much information it can be confusing at times.
Thanks for sharing your information about KLSE hitting 1900, hope it will get there so all traders can benefit from the stock market. After all, we are here for one purpose that is trying to make money.

Mc_Wei --Thanks for sharing your thoughts..

matrix6050 --I am looking at the charts you requested.

Happy Trading..

HanTuaKee-Thanks for your caution statement on Harvest, that is why whatever stock one trade do have an exit plan ready before buying just in case the stock is manipulated.

joyous, i do not follow KTb so really cannot comment on your statement. Anyone who follows KTB would like to give some comments?

Happy Trading..

Joyous, profitMan is right about KTB.

Just like to add for TA purpose about Gap Support:

We traders believe any Gap needs to be filled eventually, the timing of when it will be filled is not known. So when a stock like KTB which is under consolidation the strong support is expected to be the Gap support of $0.24/$0.235. If this support is filled and break below( show lots of weakness), please observe the very important support of KTB which is at $0.205. Refer to my earlier post if this level is violated with volume you may want to exit as it confirms the Double Top formation which has Bearish implication.

Happy Trading..

carson--chat reading for harvest
HARVEST—Breakout from the Round Bottom at $0.30 on the weekly chart which carry an estimated target of $0.40 in mid term. For short term very Bullish stage 2 of the cycle with 3 White Soldiers formation. It hit high of $0.36 yesterday, but formed an almost Black Spinning Top implies some consolidation is expected. Any weakness should find immediate support at $0.30/$0.26 which offer buying opportunity for future play. Once the level of $0.36 is broken it should be moving towards the target of $0.40 /$0.425. For short term trader exit if $0.27 is violated as the next meaningful support is at $0.23.

Dino, I don”t think you can download Metastock for free, it is a software that is under license. I bought mine years ago and now subscribed to data which I need to pay yearly.

PREBHD—Collected some Presbhd for some quick trade, yesterday formed an Engulfing Bull during down trends imply maybe the Bear has shifted to Bull for PREDBHD.

MINHO broke above my TP2 of $1.23/$1.26 and I have raised my Trailing Stop from $1.14 to $1.19 to protect my profits. The next Target as posted earlier is at $1.30/$1.32.

Happy Trading..

14/05/2014

1)3A—Showed some weakness today may test immediate support of $0.905 with strong support at $0.88/$0.875.The upward momentum is intact to try $0.945 and my TP1 of $0.97, but a breach below $0.90 may see more consolidation.

2)MINHO---If break $1.26 it is expected to test my next Target of $1.30/$1.32.

3)PRTASCO—Trade between $1.90 to $1.99, expects more upward movement if break and stay above $2.00

4)WASEONG—Expects to re test $2.10 and if break may try next Resistance at $2.18.

5)WCT—The upward momentum has increased,It is expected to retest of $2.30 if break and stay above it will be testing my TP1 of $2.37/$2.40 soon.

I am still collecting MUDA for future Play around $1.88 to $1.92. May has found the new bottom $1.78.

Happy Trading and Good Night..

Thanks profitMan for helping out all the forum investors here with your TA reading..

SF, do help out profitMan too..

Just got back & Feeling tire...

Happy Trading..

ProfitMan,SF or htyeap..pl help out winwiniborn
Davidlim on their charts as i am still not bck
To kl yet..
Thanks

13/05/2014

1) 3A-- it rebounded further and break above $0.925. The upward momentum has increased and it is expected to test the strong resistance at $0.945. If break $0.945 it is to test my TP1 of $0.97. Immediate support adjusts to $0.905 with strong support at $0.88/$0.875.
2) BREM—The downward momentum has slowed down, more rebound can be expected to $2.10/$2.12.
3) PRTASCO—As suggested it breakout from its Bullish Flag pattern and hit my TP1 of $2.00/$2.04 today. But due to heavy profit taking activity, it formed an inverted hammer on top expects some consolidation in the near term.A break below $1.90 spell trouble, but most likely to trade between $1.90 to $1.99.

BARAKAH—Hit my Trailing Stop at $1.68 which I cleared the remaining 50% shares to lock in 4.3% profits.

MINHO—Hit my TP2 of$1.23/ $1.26 today, which I cleared another 20% share at $1.25 to lock in 19% profits. A break above $1.26 will take it next target TP3 of $1.30/$1.32. Any weakness will find immediate support at $1.17/$1.15. MINHO (30%)—Trailing Stop at $1.14

I started to collect MUDA at around $1.92/$1.93 today after clearing BARAKAH and some MINHO..It is expected to retest its previous high of $2.00 and if break with volume (Signal BUY and I may scale in) will move to next target $2.10 and TP2 of $2.20/$2.24.

novice8--
ORNA—Still on my watch list it is still under consolidation. May have found a temporary bottom at $1.13 ,will give a first signal if break above $1.20 to the previous high of $1.30 and beyond.
Bravo--# Morning Matrixcool, regarding to the trailing stop method, would you mind to share with me what is the ideal % of profit locking if the price drop from the highest point and the cut loss point. Thank you :)#
Very valid questions on Trailing Stop.

If you follow our thread we have always encouraged traders to cultivate profit taking habits and set a Trailing Stop when you are on a winning trade.

Trailing Stop—The reason you are at this stage is because your stock moves according to what you anticipated. Ok lets use MINHO as an example:
The reason I set the trailing Stop at $1.14 because it is the next important support if $1.20 is breached. My entry cost is @ $1.05 so if it hit $1.14 I will lock in my profits plus protecting my capital. That says MINHO move above $1.26 towards $1.30/$1.32(​next Target), I will raise this time my Trailing Stop to $1.19 ( $1.20 will be the next support if $1.26 is breached) and so on..
The reason we encourage Trailing Stop is to prevent a Big Pull back and it will take a longer time to recover and our capital being tied up.
For short term trading I am happy with returns of 5% to 20%, When the counter hit a new high I will look at the nearest support from that high and set my Trailing Stop 1-2 pips below that level to protect my profits. (Please note Trailing Stop is not to be compromised when hit with volume you must be out).

wtclau > thanks. I am actually going for a short holiday today, will be back tomorrow.see you all tomorrow..

Happy Trading..

wtclau, I am using Metastock. You can use any charts, but I personally like candlesticks.
The best way to learn is to buy some reference books and get familiar with the chart pattern, Support and Resistance etc..

Or you can share your reading of your stock in our thread and we will look at it together and guide you from there..

I truly encourage traders to learn TA as it gives a good guide of the movement of the stocks..

Happy Holiday..

Mc_Wei , I am short term trader so i do not hold stocks for a long time. If a stock i pick is doing sideways trading and i will clear it to invest into other moving stocks.

I lock in profits when opportunity arises, like today Barakah i cleared at about 5% but Minho i cleared at about 20% profits. Early this month I have cleared Pantech with no profits, but to release my capital to buy in other stocks.

I do not set any time frame, but my average period can be from 1 day to 8 weeks the most.

Happy Trading.

Mc_Wei--I only trade 7-8 counters the most. So i think you can work out the percentage quite easily.

If the counters i think is riskier i will buy lesser than those that i think is a low risk buy.

Happy trading..

Mc_Wei—You are right on on MINHO pattern and breakout. On the weekly chart it gives you even a higher target of more than $1.60+. If you follow my thread you know I am a short term trader and I do not hold stocks for a long time. In my trading I normally work out the short term target from the daily chart. I only use the weekly chart to confirm its medium term trend, so we can accumulate during consolidation knowing its under strength is strong for longer term.

MUDA—I have started to collect MUDA after disposing BARAKAH at $1.68 today. Look good to retest its previous high of $2.00 and beyond. It has found a new bottom at $1.78.

Happy trading…

Mc_Wei >
# Thanks Matrix. This is a good platform where all TA people speak same jargon language.
Good that you also hold MINHO. I bought MINHO last week, cost at 1.18. I see cup handle pattern. I am looking at 1.40. #

MC Wei, Ya, you are spot on. The final target depends how one draws the Cup and Handle, I would put the next target at $1.32 if we consider the handle breakout at $1.13. You have drawn the handle breakout at $1.21 (by joining high of $1.13, $1.15) giving you your target of near $1.40. But we must remember target is only a guide and the chart can never tell us how long it will take to get there or actually get there.

We are happy to know another TA is among us and we hope you can help out some of the charts reading here, especially those traders that need chart analysis of their stocks.

Happy trading..

jeje ,Welcome to our thread

# Good afternoon matrix, mind to share ur views - GPA and Ocncash #

GPA—Stage 2 of the cycle and very bullish.Breakout from the Round Bottom formation at $0.115 on the weekly chart that carry an estimated target of $0.16./$0.165. Any weakness should find immediate support at $0.135/$0.125 with strong support is at $0.115. Congratulation, you are on a winner we would encourage you to set a Trailing Stop to protect your profits in case of a Big Pull Back.

OCNCASH—After hitting a high of $0.335 on 04/04 the consolidation looks over at the new low of $0.24. Two Rising windows (Gap up) after establishing its new base is bullish in nature. On 08/05 when it gap up the second time with a big gap invites traders to sell and lock in profits on the anticipation that the gap will be filled which it did on the last 2 days. Any weakness should find immediate support at $0.28/ and very strong first gap support at $0.265/$0.26, offer opportunity to collect for future play.Exit if $0.22 is violated.

Happy Trading..

cbyeoh—It was a pleasure to meet with you and others, hopefully TCB will have more traders to participate in TA and share stocks they are trading.

kheng, winwinborn, choolooi, thanks for the kind words. Choolooi ,TCB needs to thank you for coming out such a good name for our new thread.

etal—Welcome to our thread and thanks for highlighting the book. Do you like to share your TA in our thread ? Hope you can help out some chart analysis so that we could learn together. Yea, TCB will arrange more get together in the future, hopefully you can join us next time.

winwinborn—I think you know I sold mine at a 8% loss when hit my Stop Loss on Borneo oil. For mid term traders please observe the Stop Loss level of $0.58, if breached below it will start stage 4 of the cycle and to be avoided at all cost. Now it is still on stage 3 of the cycle and price can be volatile. The big drop on 09/05 with a fallen window that shaken me out apparently is due to some share restructuring and private placement. The fallen Gap resistance at $0.635/$0.64 will act as an immediate resistance on any technical rebound. I may reenter if $0.58 is not violated.

cherry tomato—TCB will be on by next week, we are still arranging it.

Mc_Wei—welcome to our thread. We are very happy to hear that you are a TA too, please share your TA knowledge so that we could learn together. Ya, PRTASCO is out of its bullish Flag and today hit me TP1 of $2.00/$2.04.

Happy Trading..

P/S:
a) BARAKAH hit my Trailing Stop at $1.68 which I cleared everything to lock in 4% profits.
b) MINHO hit my TP2 of $1.23/$1.26 which I clear another 20% of my stock at $1.25 to lock in 19% profits. (Total sold 70% so far).

Choolooi, thanks.I think you know the reasons why I started the thread is to encourage traders to use TA as a guide for their entry and exit. Also to set a trading plan when entering a trade.
I have used my own portfolio to prove that one can actually make money in the stock market if one is disciplined to carry out the trading plan especially when trade is against us. Ido hope these messages get to most of the traders, especially the newbies.
Now to start TCB thread I will try to identify more stocks below $1.00 so more traders can participate in our thread and share their TA knowledges.

air01557—I did the chart reading for Dimo on SILK yesterday, please refer to my earlier post. We do not recommend stock in our thread, you need to make that decision yourself. We are hope that our TA can help you to make a better decision, but whatever you do, remember to have a trading plan whenever you enter a trade.

Happy Trading..

Nana88--Thanks for the kind words.

Hitman --#Bro Matrix, pls read LBALUM bro.#

I need to go out this morning to renew my passport so profitMan, SF, htyeap please help Hitman here with the chart reading..Thanks.

sunlight -All of you are welcome and me and my wife enjoyed all your companies and dinner too. I think you should start to do some TA because from my understanding you do trade with TA too. Do share with us Ok?

stay_foolish--in TCB thread we will be helping eachother and all forum investors together..

Happy Trading..

ProfitMan—So sorry Liverpool din”t win..Next year it will be harder for you because we will be back !! I enjoyed the dinner with you all as much,very happy we finally meet up and share our technical opinions.

connie—thanks. Hopefully you can visit us more often on the new thread and share your TA in Waves. It will be so great if you could share your knowledge and help those forum investors with us in the new thread.

novice8 & Nana88, the new thread will be better for everyone in TA we can assure you. Don”t worry, I will still update the stocks I am trading every week but maybe in different format. I think over the year I have shown to traders you can actually make money consistently in stock trading if you are disciplined and trade well by exposing all the stocks I traded.

In the new thread, not only me, but all of us will share with you the stocks we are monitoring or buying into. I promised we will put them out in our new thread @ TCB ( technical Code Breaker) . We will tell you what level we are collecting and what is the exit levels, etc..We are grateful to you for coming to visit us at the new thread, even though we do not promote any stock in our thread, we will let you know why we are buying into any stock with our TA explanation so that you can make a decision for yourself.

In the new thread will do our best to help those that need TA for their stocks. But this time you are not going to see only just my comments, profitMan, SF, htyeap and others will add in notes so that that stock is look at every angle in TA . We also encourage any trader with TA knowledge to express their views on their stocks and we will study those stocks together.

trader96—You are welcome..In the new thread that is what everyone will get because few of us will be looking into your stocks for you together.

Happy Trading and good night..

12/05/2014—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: As suggested last week 3A rebounded and find immediate resistance at $0.915/$0.925., with the increase momentum it is expected to test the strong resistance at $0.945. If break $0.945 it is expected to test my TP1 of $0.97. Any weakness will find immediate support at $0.88/$0.875.

2)BREM-- AV Price=$2.03 (Closing=$2.04 , P&L= 0 %), Stop Loss=$1.90 .
Risk= -6.40 %. Tp1=$2.20 , TP2=$2.26/$2.30. (Exp Trading Range $1.99 to $2.12 ).
Note: As suggested last week it shows some weakness and tested support of $2.02 which it manages to hold above. Any further weakness should find strong support at $2.00/$1.99.Some rebound can be expected as the downward momentum has slowed down, 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=$1.95, P&L= +1.50 %), Stop Loss =$1.84. Risk= - 4.2%. Tp1=$2.10, TP2=$2.20 (Exp Trading Range $1.90 to $2.05 ).
Note: May has found a new bottom at $1.89 and strong support at $1.86 and I started to collect Engtex from $1.90 to $1.95 giving me an average cost of $1.92. It is not actually out of the wood yet as it is still in a bearish trend, but volatility is extremely low so a price fluctuation to move upward is more likely now as the upward momentum has increased. A break above $2.02 confirm the price reversal to my TP1 of $2.10 and I may scale in more shares.
4)HEVEA-- AV Price=$1.34 (Closing=$1.38, P&L= +3.0 %), 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 $1.42 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.

5) PRTASCO-- AV Price=$1.89 (Closing=$1.89, P&L= 0%), Stop Loss=$1.80 .
Risk= -4.8 %. Tp1=$2.00/$2.04 , TP2=$2.10/$2.14. (Exp Trading Range $1.86 to $2.00 ).
Note: Stage 2 of the cycle and very bullish, it is forming Flagpole pattern with bullish flag.The problem is it inside the flag longer than thought,the downward momentum has slowed down so a break above the $1.91 signal breakout from the flag and to re test its immediate resistance at $1.95 (Also the Engulfing Bear formed on 17/04 that needs to be taken out) . If breaks it is expected to test my TP1 of $2.00/ $2.04 and into uncharted territory. Any weakness will find support at $1.86/$1.85.

6)WASEONG-- AV Price=$2.01 (Closing=$2.04, P&L= +1.50%), Stop Loss =$1.94, Risk= -3.50 %. Tp1=$2.18, TP2=$2.29/$2.30 (Exp Trading Range $1.97to$2.10). Note: I have been collecting WASEONG from $1.97 to $2.03 giving me an Av Price of $2.01. It was a low risk buy for me as $1.97 have been tested and hold. Stage 2 of the cycle and very bullish, A break above $2.10 with volume will take it my TP1 of $2.18( Strong Resistance) and beyond. 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=$2.21, P&L= -2.34 %), Stop Loss (3) =$2.10, Risk= -7.20%. Tp1=$2.37/$2.40, TP2=$2.50/$2.55(Exp Trading Range$2.15to$2.28). Note: The scenario remains the same for the past 4 weeks, stage 2 of the cycle very bullish after breaking out from $2.20 , trading from $2.18 to $2.30 . Lately the downward momentum has increased, raising doubt that whether strong support of $2.18( which was tested on few occasions and each time it rebounded from this level) can hold or not?. A break below $2.18 will take it to its next support at $2.15. I have readjusted my Stop Loss level to $2.10 if it is violated to allow for the dividends next weeks.

I am selling remaining shares of:

BARAKAH ( 50%)—Trailing Stop at $1.68, immediate resistance is at $1.74 with next target at $1.78/$1.80.

MINHO (50%)—Trailing Stop at $1.14, TP2= $1.23/$1.26

JAYCORP ( 50%)—Stop Loss at $0.72, the upward momentum has increased,more rebound could be expected to $0.815/$0.825.


Note: Please be informed that we will be starting a New Thread call “Technical code Breakers” soon, “ My Trading Stocks” will be phased out and move to this the new thread. With the new thread we hope to help more forum investors on Technical analysis, Trading Plan etc. I found out many traders prefer to trade at counters that are below $1.00 so my choice of stocks may not be so relevant to most of them.

Happy Trading & Good Night..

bbdd >

Bro matrix , can I ask what's your thought on DBHD? Thanks

DBHD—Very bullish stage 2 of the cycle. After hitting high of $2.05 on 24/04 which it formed an “Evening Star” the same day implies a price reversal which it did. It consolidates down to a new low of $1.30 on 06/05 and formed a “Engulfing Bull” the same day which is very bullish. DBHD has found a new bottom at $1.30 and it should be scaled higher if $1.30 holds. The downward momentum has increased so it may test its immediate support at $1.54/$1.50 with strong support at $1.43. But a break above its down trend line at $1.73( Reading today on 11/05) signal BUY and it should retests its immediate resistance at $1.80/$1.90 and its previous high of $2.05.
Exit if $1.30 is violated.

Happy Trading..

wtclau --You are welcome.

trader96, you must thanks profitMan, very well analyze of SBCorp profitMan. Exactly what I think too, except did not realize it is in wave 4 to go wave 5.

trader96,My congratulation of your winning on PMETAL, Bravo.

For SBCORP I did the reading on 11/04 for greenday,

# SBCORP--Stage 2 of the cycle and very bullish. It hit a new high of $2.35 but formed a “Spinning Top” which imply a temporary top and it consolidated to the low of $2.14. A break above $2.35 will take it to the uncharted territory and estimated next target of $2.56 with strong resistance at $2.50.immediate support is adjusted to $2.20/$2.14 and strong support at $2.05. I think you are on a winner, congratulation ! ( 11/04)#
with profitMan latest update it is about all we can read from SBCorp chart..
Just add in what happen if the strong support is broken at $2.05..

It is still under consolidation, but formed a long legged Doji when hit $2.06 on 07/05 , whether this is the new bottom yet to be tested. A break above $2.18 will take it to immediate resistance at $2.27 and strong resistance at $2.35. A break below $2.05 will most likely take it to the support of $1.94 and $1.87. If you are trading this counter you may want to observe the strong support at $2.05.

Happy trading..

wtclau > Your question of:

#Good morning, Mr Matrixcool, referring to yr example on Engtex. You mentioned that you fixed yr Stop Loss at 1.84. Which also happen to be a strong support. I was wondering when it hit that strong support level there is a strong possibility that it will bounce back. If that is the case, why not put the Stop loss say one or two pips below at 1.82. When it hits yr TP of 2.10 will you sell or will you let yr profit run? Can you pls advise cos I am learning. Thank you n have a nice day. #

Wtclau—Very valid question on the Stop Loss and Profit Taking.

1)You are absolutely right my Stop Loss level (If you follow my earlier post) means if that level is violated. At your suggestion of fixing at $1.82 (instead of $1.84) is a very good idea indeed, but it may work against you too.

I would like to share with you my method(my observation for most stocks behavior), when a stock break out or down of its important support/Resistance level it must accompany with:
a) Volumes, ignore those noises if it is thrown down to create Bear Trap with small volume.
b) Downside breakouts often lead to 2-3% decline by an immediate test of that breakout level.That means when $1.84 is violated it is most likely to rebound back towards $1.84, if it close above $1.84 that means the breakdown is invalid.
c) You will be caught if it came down to $1.82 and rebound to close say $1.84 and above.
I hope this clarifies what I refer to” if it is violated”. It is the same when it breaks above its strong resistance, it will always re test that level or very close to that level. If it stays then we will chase that counter, if it's close below that level, it is invalid (Or what we call Bull Trap).

2) When the counter hit my target I will normally clear part of it to to lock in my profits.I encourage traders to cultivate profit locking habits. Then I will adjust my trailing Stop to protect the unsold portion either my capital or some profit.( For example what I am doing with BARAKAH and MINHO now) If it break above my target to the next target I will keep adjusting my Trailing Stop higher to protect my capital. I will clear all when the candlestick shows a price reversal (It is different from trend reversal, take note). The reason I do that is because I am a short term trader I try to avoid any big pull back to wait for next upward movement. Then I may reenter when the consolidation is over.

I have done this with many of the counters I trade, in and out to take my profits .

Then, this is my trading strategy and others might not agree with it. I respect whatever ways they trade as long as they are making money.

p/s: I will be updating ENGTEX on my weekly Summary tonight .

Have a nice weekend..

Dino Limo

SILK— I have earlier read the chart for SILK in Feb /March:
# SILK—Very Bullish forming Pole and Flag formation after hitting a high of $0.785 on 05/02/14 and started its consolidation.May have found the new low at $0.63 on 19/02/14 and started its rebound, but formed a “Dark Cloud” (Engulfing Bear) on 24/02 at $0.74. This dark cloud is shadowing the upward movement of SILK .A break above the pennant at$0.72 signal Buy and if break $0.74 SILK will scale much higher to its previous high of $0.78 and into new uncharted territory. Failure to breakout soon ( it has been in the pennant almost 3 weeks already) then it may formed the Descending Triangle which has Bearish implication. Exit if $0.62 is violated.-- (27/02/14)
Yoda, after the reading it did break down from the descending triangle and hit a low of $0.55. It has a technical rebound, trying to close above $0.63. The counter has shown lots of weakness and if it rebound further to close above $0.63, expect some strong resistance at $0.69 (The down trend line).Exit if $0.55 is violated.-- Yoda88 (18/03)#

After the Reading:

It issued a first Buy Signal on 21/04 when it breaks above $0.63 level and hit a high of $0.72. Subsequent consolidation but managed to stay above $0.63 which confirm the new bottom. Yesterday it finally took out the “Engulfing Bear” formed on 24/02 at $0.74. It is expected to break above its previous high of $0.78 into uncharted territory and into next immediate target of $0.84 and beyond with resistance at $0.80.A break above $0.78 confirm continuation of its stage 2 cycle which is very bullish and Immediate support adjusts to $0.725/$0.715.

Happy Trading..

Dino Limo-- . Im still very confused about when to buy in...
i) once its past its resistance,
ii)or its better not to touch..

There is only one RIGHT time to buy any stock. After you work out how much you are prepared to lose if the trade go against us. A risk of 5% is a very low risk buy, I do not trade penny stocks my normally trading counter is from $1.00 to $2.00+, so I would like to keep it less than 10% say 7-8 % is good first entry for me. Smaller value counters less than $1 sometime I allow up to 12-15%. The reason being you must give the stocks some space to maneuver.

Just quote an example ENGTEX, I have collected from $1.90 to $1.95 so far. ( Please do not take this as a Buy signal I just want to share with you my trading strategy Ok?)

Say my Av Cost is $1.92, I look at its immediate support is at $1.89 and very strong support is at $1.84. So I have identified my Stop Loss at $1.84 giving me a 8 cents risk which is 4.2% Risk. Then I look at its possible target: TP1 is kind of obvious at $2.10 (Gap Resistance that will need to be filled) given me a 16 cents gain. That is a Reward/Risk ratio of 2:1 I will take the trade. Of course to get to $2.10 it will meet some resistance on the way.

When a counter breaks its important resistance it is a good time to buy as you can expect it to scale higher into new high. Your only worry is it is a “Bull Trap” that can catch many traders. I was caught many times too.

Happy Trading

Jasonshteh , Barakah is trading near its immediate Support of $1.70/$1.69. That is why i set my Trailing Stop at $1.68 as if this support fail to hold the next support is at $1.64/$1.60.

Happy Trading..

Dino Limo -- I think i did inform you that i sold some BARAKAH yesterday @ $1.73. I have also raised my Trailing Stop at $1.68 to protect my profits just incase there is a pull back. Please refer to my update this morning.

For Pelikan you must set a Trailing Stop to protect your profits.


Happy Trading.

BORNEO OIL hit my Stop Loss level and i am out with almost 8% losses.

MINHO is testing its immediate support of $1.15, i will be out if it hit $1.14 which is my trailing stop to protect my profits.

Happy Trading..

09/-5

1) BARAKAH---Hit my TP1 of $1.70/$1.72 and heading to my TP2 of $1.78/$1.80. If break may try its previous high of $1.90.

2) ENGTEX—More rebound can be expected, but not out of the wood yet even though the downward momentum has slowed down. Further rebound will find resistance at $1.97/$2.02 and it needs more volume to scale higher.

3) WASEONG—It is expected to retest the previous high of $2.10 and a break above will take it to my TP1 of $2.18.

Sold 30% of BARAKAH at $1.73 to lock in 7.5% profits.

Raise my Trailing Stop of MINHO to $1.14 to protect my profits.It may test its immediate support of $1.15 if hold,it is expected to move higher to my TP2 of $1.23/$1.26.

Collected more ENGTEX ( at $1.94) and WASEONG (at $2.01) .

Happy Trading.

Hi, thanks profitMan, I just got back and feel very tired..
Really i have no time to look at even my stocks..

Good Night..

profiman, thanks for helping out the forum investors here.
As i am having a gathering tonight so will be late. Any charts reading please help out, SF,htyeap too..

Happy Trading..

profitMan, ya i got your email already..It is ok we learn from each other that is why it is good to share in this thread.

Can you help Dino Limo on GSB. I need to go out for awhile..

Happy trading.

ProfitMan—No problem, as I always said your TA +FA + waves are more powerful than my analysis, looking forward to meet you on Saturday.( Did you receive my latest email about the dinner? Please reply early for my confirmation with the restaurant).

Dino Limo—Our dinner is full long time already. Don”t worry, you can always join next time if you are interested.

Joyous—not sure about profitMan but I am definitely not qualify to be a teacher in TA.

Happy Trading..

wtclau—Welcome to our thread. I do not think you can set a Trailing Stop on online trading. If I am not free to monitor my good friend will alert me or the bank official will call me. novice8, thanks for your input..

Joyous > Good if you have set your trailing stop, I am happy to hear that.

On your question of:
# KTB - is it flushing out contra player? but lets say today is T+1, cause yesterday buying frenzy, will it mean it will be consolidate now? and when flushing out all contra players it uptrend will resume? #
I can only give my opinion based on the chart and I have no knowledge whether someone is controlling the stock to flush out weak holders @ T+3..
As stated in my earlier post and chart reading for KTB, it is at 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. For KTB to scale higher to continue its stage 2 upward movement, it must break above $0.32 with volume.
KTB has a very important support at $0.205 ( IF it is tested) and it is also a neck line support of a possible “Double Top” formation which has Bearish implication. ( Try to draw a horizontal Line at $0.205 and you can see double tops at $0.32 and $0.31. What does it mean ? It meant KTB actually enter stage 3 of the cycle after hitting high of $0.32 and if that support of $0.205 is broken it begins stage 4 of the cycle which is to be avoided at all cost.
Hope this helps.

navi –Well done, you did the right thing. Always remember to lock in profits because Greed can hurt you badly in the stock market.

Happy Trading

Dino, since you mentioned this as a personal question maybe not the public forum to share this information. As it might give a wrong impression to others, join us next time when we meet and once you get to know me personally then i will tell you the answer, fair?

This Saturday some of my forum friends here will get to know me much better and we can actually share some personal experiences in stock market.

Happy Trading..

HanTuaKee >Welcome to our thread.

DUFU—may have found a new bottom at $0.175 to end stage 4 of the cycle. It is starting its stage 1 of a new cycle in the trading range of $0.175 to $0.225 ( rectangle Trading). If you are thinking of bottom fishing remember to exit if $0.17 is violated. If break above $0.225 it should meet very strong resistance at $0.245. The problem with stock like DUFU have lots of overhangs to clear.

Dino Limo— I am happy you make some money on MINHO, I am still holding 50% of Minho to ride on it to next target of $1.23/$1.26 but have set my new Trailing Stop at $1.15 to protect my profits.

BARAKAH—If you read my earlier post I sold 20% earlier at $1.67 and this morning I sold another 30% at $1.73. I am still holding 50% of this stock to ride to next target of $1.78/$1.80. In the event that it turned downward I will clear all at $1.68 which is my new Trailing Stop.

Joyous >would like to ask for ktb, it already break it's resistant of 0.29 but is dropping. Why is it so?

Very Valid question Joyous, $0.29 was a resistance, no doubt, but the most important resistance is at $0.32 (its previous high), so unless this level is taken out it will only move into uncharted territory, yesterday it broke $0.29 and hit $0.31 but failed to break $0.32. Also, if you looked at yesterday volume, which is almost 10x normal volume and this is what we call buying frenzy and normally after the buying frenzy it is expected to consolidate.

As I always advise those that trade on stage 2 of the cycle always set a “Trailing Stop” to protect your profits. No one can tell you how high it will go or vice versa, so just trade without greed or fear, be happy with the profits.

Happy Trading

htyeap125—Thanks for helping on CCMDBIO.

winwinborn—Just to add some notes on CCM -- Stage 2 of the cycle and very bullish after breaking out from $2.70 which carry an immediate target of $3.00,TP2= $3.12 and TP3=$3.30. As stated by htyeap it is under consolidation, but a break above $3.06 will take it to next targets as mentioned.
Congratulation you are on a winner, but remember to set a Trailing Stop to protect your capital.

Happy Trading..

Jasonshteh—Welcome to our thread. If you have any counter that needs TA just post it here and we will do our best..
winwinborn—profitMan, SF or anyone would you like to help winwinborn to analysis for CCMDBIO, my server is down.

BARAKAH—Hit my TP1 of $1.72 which I cleared another 30% at $1.73 to lock in 7.5% profits..( Total sold 50% so far).The next TP is at $1.78/$1.80

Happy Trading..

wokan---Thanks bro matrix and still learning the technical analysis on the chart. I already on-board GKENT end of today while may take up position on Gadang if market condition favour able.

Very happy to hear you are learning TA. Next time does share your TA reading here, and if we have different opinions we will add our notes in this way you can learn faster. ProfitMan, SF and htyeap are willing to share their thoughts on any TA too..

But remember TA can only use as a guide to entry and exit.. If you know TA you stand a good advantage than most traders, you will buy and sell stocks at a more favourable price.

Good Luck on your GKENT /GADANG..
Oops..Morning Jog now..

Happy Trading..

07/05/2014

BREM— Resting on important support of $2.02 with bearish Separating Line formed, if break below $2.02 spells more troubles I may clear & take a small loss to protect my capitals.

HEVEA—Uptrend intact. Developing into sideways Rectangle Trading from $1.32 to $1.45. Unless it can break above $1.45 with volume I may start to clear Hevea to release my capital.

MINHO—Breakout from the “Ascending Triangle” as suggested @ $1.13 with volume and hit my Tp1 of $1.19/$1.20 and TP2 of $1.23/$1.26. I cleared 50% of my stocks at $1.18 to lock in 13% profits. I will be watching closely on my Tp2 of $1.23/$1.26 if it can”t break above I may cleared all to lock in my profits first. I have raised my Stop Loss level to $1.13 (if violated ) to protect my profits.

PRTASCO—Have been trading inside the Bullish Flag pattern for the past 25 sessions and volatility is extremely low, a big price fluctuation could be near.The upward momentum has increased, a break above the $1.92 signal breakout and should try immediate resistance of $1.95 (Engulfing Bear formed on 17/04), once this is taken out it is expected to try my TP1 of $2.00/$2.04. A break below $1.85 will take it to next support of $1.80.

WaSeong—I have been collecting Waseong from $1.97 to $2.03 . The downward momentum has slowed down and it may find its temporary bottom at $1.97, some rebound can be expected in the near term.

Happy Trading and good night..

P/S:
Joyous--KTB break it resistant at 0,29 today and close at 0.3 meaning the nest resistant is at 0.32 tomorrow?
Yap, it should be testing $0.32 soon.
wokan—Don”t worry, many counters to trade sand Minho is still bullish as long as it stays above $1.13.

I need chart reading GADANG for navi on 27/04
GADANG---Stage 2 of the cycle and very bullish. It is under consolidation and found a new temporary top at $1.96 .A break above $1.96 will take it to its invincible round number resistance at $2.00 and beyond. It has an estimated target of:
TP1=$2.00, TP2=$2.20.
Any weakness should find immediate support at :
S1=$1.78/$1.76 ( offer buying opportunity), S2=$1.64/$1.60.
It shows weakness if S1 is violated that means consolidation may take longer time. Depend on your trading plan it may be advisable to set a trailing stop to protect your profits just in case there is big pullback. Navi-(27/04)

After the reading it did consolidate to a low of $1.65 which is close to my S2 of $1.64. The “Engulfing Bull’formed on 06/05 confirmed the new low of $1.65 and it is expected to rebound to its immediate resistance of $1.82., if break may try strong resistance at $1.90 and the previous high of $1.96.

GKENT—Very Bullish stage 2 of the cycle. It hits high of $1.93 on 21/04 but formed a spinning top that day indicating some consolidation which it did. It consolidated to a new low of $1.65 but yet to be tested. If low of $1.65 stays and a break above $1.73 it is expected to retest its immediate resistance at $1.77/$1.80. If $1.65 fails to hold the next support is at 41.62 and strong support is at $1.54.

Minho breaks above $1.20, should be testing my next target of $1.23/$1.26..

I have raised my Trailing Stop from $1.10 to $1.15 to protect my profits for the remaining 50% shares

Happy Trading..

profitman--Happy to hear you manage to do a quick trade on MIHHO..Thanks for sharing Engtex & also Salcon & Insas.I had started to collect Engtex this morning, it is not out of the wood yet, need not to rush. let us know when Insas and Salcon is readied.

novice8 --It is ok to miss MINHO. There will be plenty more opportunities in the stock market. Just trade well and be disciplined you will be OK in the long term.

trader96 --You are welcome. Remember TA is only a guide..

Happy Trading

swee_on

Psiptek---Very bullish after breaking out from $0.29 on 17/06/2013 which carry immediate target of $0.395 and $0.43. It achieved the first target on 05/05 and started its consolidation. Any consolidation towards immediate support of $0.32/$0.29 offer buying opportunity for future play. Any rebound should find immediate resistance at $0.355/$0.38. A break above $0.395 will take it $0.405 and target 2 of $0.43.Exit if $0.285 is violated.

Need to go down KL, profitMan, Sf, Htyeap, safewin do help out other forum investors if they need chart reading.


Happy Trading.

trader96 -- what do you think about PMETAL

PMETAL—Stage 2 of the cycle and very bullish.After hitting high of $3.78 on 28/04 it is under healthy consolidation. Set a new low at $3.20 on 05/05 but yet to be tested. If $3.20 stays one can expect it to move back to its immediate resistance of $3.40/$3.50 and retest its previous high of $3.78. Failure to hold above $3.20 it is expected to find very strong support at $3.00 level.

htyeap125—You are most welcome as we are here to learn from each other. Hopefully the indicator will help you in your future trading..

Nana88—Thanks, don”t worry there are many counters to trade it is OK to miss certain counter sometime. I missed many counters too sometime because I am on my maximum counters of 7-8.

MINHO hit my TP1 of $1.19/$1.20 after breaking out of the Ascending Triangle , if break $1.20 will test $1.23/$1.26.
I have cleared 50% of my shares at $1.18 to lock in 13% profit for T+1 trading. I have also raised my Trailing stop at $1.10 to protect my remaining 50% profit just in case of a big pullback.

profitman—Thanks for helping Dino Limo on the volume breakout..

Month of May maybe not as bad as thought, so far cleared 3 counters:

PANTECH ( in $0.98, out $0.995) to release my capital

BARAKAH-sold 20% of my shares to release capital to invest Minho (In $1.61 out $1.67) locked in 3.7% profits. May keep selling as it has failed to clear $1.70.

MINHO—Sold 50% (in $1.05, at $1.18) locking in 13 % profits.

I am also slowly collecting Engtex..

Happy Trading..

htyeap125 & stay_foolish ,

I presume both of your software does not have the Acc/Dist indicator..
Both of your calculation are correct as I mentioned in my earlier post that I had made a mistake in the entry for the high and low column formula on my spreadsheet, the formula was copied to all other days.

SF, after the MF you multiply that with the day volume that give you a MF vol, then you add up this vol with the previous volume..Let say i use your MF value exactly the Acc/Dis is as below:

1,405,700
5,120,600
4,052,500
3,512,440
3,113,240
3,895,540

Sorry i did not have time to check every day MF as i thought by providing the formula you all can work out yourself for the stock you want. Willow is only an example..I am happy you all are looking at this value now, it is useful to look for divergence. Be careful, it is very easily manipulate by a player because it is priced dependent .Sometime the players will take up 1-2 bits before closing to make sure it present a good picture.

Dino Limo , MINHO needs to break above its Ascending Triangle with volume..If not i will lock in to take my profits..

Happy Trading..

07/05/2014

Today sold 20% of BARAKAH at $1.67 to lock in 3.7% of profits and release some capital to buy in MINHO.

MINHO--: I have been monitoring MINHO since it takes the shape of “Ascending Triangle”, as stated in my earlier post that the momentum has picked up lately. Today I started to collect at $1.05 thinking of maybe doing a day trade if it can reach $1.13. Unless it could clear and stay above the Ascending Triangle I may clear if MINHO can”t stay above $1.13 for a quick profit within T+3.

BORNEO OIL—Form a separating Line today, it is expected to test immediate resistance at $0.67, a break above confirms a price reversal to next strong resistance at $0.695/$0.70.

BREM—Extremely low volatility on oversold position, expect some upward price movement soon. Immediate resistance at $2.12, it needs to stay above $2.12 to proceed its upward movement.

HEVEA—Upward momentum, it is expected to retest $1.45 if break will test the previous high of $1.50. Will sell if can”t break above $1.45.

JAYCORP—Dark Cloud formed on 24/04 at $0.86 is shadowing the upward movement. The downward momentum has slowed down and it may have found a new bottom at $0.74. Further rebound is expected to $0.80/$0.81.

PRTASCO—Have been trading inside the Bullish Flag pattern for the past 24 sessions and volatility is extremely low, a big price fluctuation could be near.The downward momentum has slowed down, a break above the $1.92 signal breakout and should try immediate resistance of $1.95 (Engulfing Bear formed on 17/04), once this is taken out it is expected to try my TP1 of $2.00/$2.04. A break below $1.85 will take it to next support of $1.80.

I am monitoring ENGTEX for a reentry..

Happy Trading and Good night..

trader96 -- what do you think about PMETAL
swee_on-- an help to look at Psiptek?

Trader96 & swee_on, I will look at the chart tomorrow for you. As I just got back from Kl and needs to rest now..

Dino Limo—I did the chart reading for Pelikan on 06/04 for joyous.

PELIKAN—Very Bullisg stage 2 of the cycle, after the long period of consolidation from $0.55 to $0.74. It breakout from its consolidation at $0.74 on 07/03 with increased volume and carry an immediate target of $0.925. It hit the target 2 days ago when reached a high of $0.92 but formed a ‘Spinning Top” which imply some consolidation is near. Any weakness may find immediate support at $0.83/$0.79. A break above $0.925 may take it to its next target of $0.985/$1.00. Exit if $0.745 is violated.— (06/04)

After the reading,

It actually breaks above $0.925 and hit a high of $0.96 but short of my target of $0.985/$1.00.It is still under consolidation and set a low of $0.885 2 days ago.Whether $0.885 is a new bottom is yet to be tested. Any rebound should find immediate resistance oat $0.92/$0.94. A break below $0.885 may take it to the next support of $0.87 and strong support at $0.84. Exit if $0.83 is violated.

I also did the chart of SYCAL for Qqbb & sephiroth on 10/04 and 15/04.

SYCAL—Very bullish after breaking out from $0.335 with volume 2 days ago, which carry immediate target of $0.405 with strong resistance at $0.385. Yesterday it tested the strong resistance of $0.385 but until now failed to clear it and formed a “Shooting Star” imply some pull back. It starts to consolidate today and any weakness should find immediate support at $0.35 and strong support at $0.335. A break below $0.335 shows weakness as the next support is at $0.315 if $0.335 is violated. Qqbb ( 10/04)

If break $0.405 next target is at $0.43. My congratulation to your winning on SYCAL.. sephiroth (15/04)

After the reading,

It did hit my target of $0.43 on 18th and 21st of April. After hitting my target it has a big pulled back to $0.345 2 days ago. The big pullback must have shaken out a lot of traders and caught those try to average down badly. That is why I always advise those that trade on stage 2 of a bullish cycle must always set a Trailing Stop to protect their profits.
Some technical rebound can be expected to $0.365 and strong resistance at $0.385/$0.39. Any rebound will invite sellers that were caught earlier who refused to admit mistakes to take early losses, but now will try to clear to reduce their losses. If support of $0.345 is violated, as stated on my 10/04 posting the next support is at $0.335/$0.315.

Happy Trading..

Profitman,SF,htyeap n safewin, i am still in kl as
a tourist guide to my niece. Now still in China town
n v b late tonight. Pl help those forum investors with
the charts if free.
Dimo Limo, welcome to our thread n thanks for the kind
words. Remember TA is only a guide..

Happy Trading..

novice8 , I am still selling my Jaycorp..

Minho looks good to break out as suggested in my earlier post..

ENGTEX may have found new bottom.

Need to go to KL to collect some wines..

Happy Trading..

htyeap125--You are welcome and thanks for pointing out my mistake on 24/04.

Today cleared some BARAKAH at $1.67 to release some capital and buy in MINHO at $1.05..
The momentum of MINHO may take it to break above the Ascending Triangle..

Happy Trading..

cherry tomato--

BJCorp—Very bearish, stage 4 of the cycle maybe over at the new bottom of $0.49. It is expected to start stage 1 of a new cycle if $0.49 holds. Expect rectangle trading between $0.40 to $0.565 with immediate resistance at $0.52/$0.54. If you are thinking of bottom fishing do set an exit point be low $0.49 (That means stage 4 cycle is not over if $0.49 is violated.)

Happy Trading..