Ayn Ong, SAPIND:

Sorry for this delay. Sapind in still trading in its downtrend channel. It appears to be bottoming out at 1.16 which is the strong support now. There has been a tussle between the bulls and the bears over the past few trading sessions and for the moment, the bulls seems to be having the upper hand when it formed a tweezer bottom on 7/4. Immediate resistance is at 1.18/1.19. As for holding it for the long term, you will need an in depth review of its FA. At a glance, its financials are healthy. Do bear in mind that we are in a very volatile and dynamic economic and political environment and together with technological advances, the business environment is changing at an accelerated pace. So, if you want to go long term on a stock, its worthwhile to take a closer look at its FA.


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Posted by Ayn Ong > Apr 1, 2015 10:31 AM

Dear TCB: May i ask about a stock call SAPIND ? Look's like a good stock for long term. PLs Advise. Thanks.

tcyee/johnny cash, OPCOM:

Bullish after breaking out from its pennant on 2/4 with volume. Subject to further confirmation, its consolidation after hitting a high of 1.28, appears to be over. It has an immediate support at 1.03/1.04. If its immediate strong resistance at 1.28 is taken out convincingly, it will be very bullish towards its target prices of 1.31, 1.49 and 1.67. Rumours of a potential fibre optics contract and the announcement of a new CEO are catalyzing the bullish run. Nevertheless, it is in an industry that is forecasted to have a robust growth in 2015. Technically, it is poised for a bullish phase.

geekwai, sherrina, sorashark, TCB does not have a mail list but matrix has one where he generously shares his trading ideas. Please send him an email at matrixcool02@gmail.com.

wcteng91, welcome. Yes, please feel free to comment on anything. We look forward to your comments.

Thank you to Matrix for continuously sharing his trading experience with us unselfishly. That was an invaluable piece of information. Dunknow correctly said that most people have an issue with selling and I can tell you that Matrix is one of the most disciplined trader there is. We are happy to hear that many of you made good money on Evergreen. Congratulations.

Good Morning All.

Good morning all & thank you cbyeoh for all your daily info. Should be very useful for traders.

teyl333,

IFCAMSC:
Under profit taking after hitting a high of 1.40 on 12/3. It has broken down from its immediate support of 1.28. The next support is at 1.22. Immediate resistance is at 1.31. It is losing momentum at the moment.

IFCAMSC-WA:
Movement is tracking that of its mother's share. Broken down from 1.15 support and its next support at 1.07 remains intact for the time being. Immediate resistance = 1.19.

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Posted by teyl333 > Mar 24, 2015 02:53 PM

Dear TCB,

Can I have reading for both ifcamsc & ifcamsc-wa? Thanks in advance.

Dunknow, ..hahaha... thanks for your kind words. Yeah, Duit is siow siow but very nice guy. I like. Brightens up our days.

Duit, yeah, that would be a great idea. But not Cicakman 3 lah bro ...hahaha....

Congratulations to your friend on Evergreen. Wow, its fantastic for him and we are very happy to hear that. I wish I made so much too ...hahaha...

Dunknow, ....hahahaha... I thought so too. No lah, duit very nice guy one. He won't mind. I always like his philosophy.

Good Morning Dunknow.

johnny cash, thanks for the alert. Appreciate it. Yes, I agree with you. Opcom is moving into a bullish phase. The broadband project is fueling interest in this stock.

Dunknow, ...hahaha...thanks for sharing that. Well said.

teyl333, we don't mind. Please feel free to ask and we will try our best to share our experience with you.

For me, I do not average down if the stock is weak, has broken down from a support level and has hit my stop loss. No, we, TCB, do not encourage AD. Once a stock is weak, it will be sold down in the near term. For some reason(s) traders do not want to hold on to it. As the popular saying goes, "you do not want to catch a falling knife". If the stock keeps trending down, there will be a point in time where you will not have the financial resources to do so and moreover, it requires time and lots of renewed confidence in the stock in order for it to turn bullish again.

Under this scenario, it may be best to monitor for the selling pressure to subside and to look out for bullish reversal signals before re-entering if you are still keen in the stock. It is also worth finding out why the stock declined in the first place. If there is a fundamental issue with the stock, you may want to liquidate when it hit your stop loss, get out and look for other more profitable stocks to trade.

However there were instances where the stock trended lower from my entry cost where I do accumulate more provided the support level is intact, has not hit my stop loss, FA is intact, bullish catalyst is present, strong buying interest remains and the stock is on a bullish phase like wave 3. This is more like accumulation rather than averaging down.

So, AD is not in my plan and TCB does not encourage AD either. The minute it hits my stop loss, I am out clean without a second thought, accept that I was wrong in my analysis of the stock and move on to another stock. After all, we will have winners and losers in our portfolio.

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Posted by teyl333 > Mar 23, 2015 03:40 PM

Dear Matrixcool/TCB,

I have some questions in my mind, hope you don't mind me asking. In your trading plan, will averaging down (AD) within your plan too and is it encourage to do so? Thank you.

BursaFollower, thanks for your kind words and thank you for your following. Please feel free to share your thoughts here.

cherry tomato,

Asiapac: Currently sideways, trading in a rectangle with support at 0.215 and resistance at 0.245. Appears to have bottomed out at 0.195.

GBGAQRS: It broke out of its resistance of 1.30 with volume on 13/3 and also broke out from its downtrend line before it came under heavy profit taking. Its 1.30 support level seems to be holding well thus far. Immediate support is at 1.27 while immediate resistance lies at 1.39/1.40. If its support at 1.30 continues to hold, it could re-test its recent high of 1.45. You may want to consider a stop loss should 1.27 be violated.

Good morning all!

tsy88 - ...hahaha.... you like Wednesday. ..hahaha...

Mike Kong - I think the good sentiment will return and certainly the fear factor will be reduced greatly. The sell off on most stocks over the past few days could offer some opportunity for traders to buy in lower.

Good morning all. Happy trading.

Good Morning All & Happy Trading.

Thank you to CB for all the useful information.

teyl333, we are very happy to hear that and congratulations. Yes, you are trading the right way. Ride the profits as much as you want and lock in profits whenever you feel its time to do so according to your trading plan. Well done.

happy118, Spring Gallery is 7165

In addition to stay_foolish's analysis on Seacera, perhaps this write up may prove useful too to those who are interested in Seacera :- http://klse.i3investor.com/blogs/KLSETA/72688.jsp

Good Morning all. Have a profitable day ahead. The Dow rebounded after fears of an interest rate hike receded. Whatever the external factor that may weigh into our market, just follow your trading plan. Hope you people make good money in the market.

Duit, we are happy to have contributed in a small way. But, 540K may not be a big gain to you, it is a big gain to me ....hahaha..... from just 1 stock. I like your sense of humour. Yes, could not agree with you more, analysis + background homework = hard earned money. Always good to hear from you. I always learnt from your way of looking at things.

Duit, good morning.

spec9888, I am not sure if there are any trading platforms that can perform a trailing stop. I doubt there is one. Trailing stop can change frequently if the stock is trending up rapidly and besides, trailing stop can vary from individual to individual and from stock to stock depending on your risk profile. A pre-set trailing stop, if there is one, might result in a premature sell as prices can fluctuate during intraday trading.

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Posted by spec9888 > Mar 11, 2015 09:35 PM

Dear TCB, which bank's share trading can perform trailing stop?
I'm currently using Maybank which no that "trailing stop" service.

tsy88, Dunknow and all, Good Morning. Happy Trading!

Connie, great to see you up and running. I didn't know I have medicinal effects ...hahaha... Queen is one of my favourite. Both versions are nice but I still prefer the Queen version.

Good morning all.

Congratulations to all who profited from BDB. We are indeed happy that all of you made money. Kindly continue to trade with your plan and with discipline.

Connie, I hear you are not feeling well. Hope you have a speedy recovery.

CB, thanks for the info. Very useful for trading ideas.

Dear all, good morning and happy trading.

helang008,

TMCLife: Broken down from its strong support of 0.69. It attempted to close the gap support of 0.655/0.69. However, the 0.655 support appears to be holding well todate.

Bjcorp: Range bound trading between 0.43 support and 0.45 resistance. Likely to continue its side way movement in the near term.

Takaso: Consolidating after undergoing a correction. Support is at 0.465 while resistance is at 0.505. Seems to have found a support base at 0.465 at the moment.

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Posted by helang008 > Mar 7, 2015 09:36 AM | Report Abuse

Dear tcb,i would like to get adv on tcmlife, bjcorp and takaso.
thx
have a nice weekend

Connie, ask and you shall get ...hahaha...

http://youtu.be/-_bOh9OIHbY

Thanks Duit

Connie, maybe you can add these 2 too:

http://youtu.be/YR5ApYxkU-U and http://youtu.be/zvARL0Hzcoo

...hahaha....

connie, great song. Thx.

spec9888,
BIMB: Recent price movements saw it trading sideways with an immediate support base at 3.96 and an immediate resistance at 3.96/3.97. Still in a bearish trend.

MBSB: Consolidating sideways after undergoing a technical rebound. Has bottomed out at 2.04/2.05.Consolidating within the support line at 2.19 and resistance line at 2.25.

Mahsing: Still bearish and consolidating after an unsuccessful attempt to break the 2.13 resistance. Currently unable to take out its immediate resistance at 2.05. Should enjoy good support at 2.00/2.01. Need to clear the resistance at 2.12/2.13 for any meaningful price reversal. Increasing trading volume in the stock.
Hope the above helps.

Connie & All, good morning.

cbyeoh, thank you for sharing the market info.

Comicsgilz, TA refers to Technical Analysis while FA is Fundamental Analysis. Most traders/investors buy and sell shares based on TA or FA or TA + FA depending on which technique works for them. All 3 approaches can be effective.

Very simply put, TA looks at historical price movements and analyzes technical indicators in an attempt to forecast the future price movement. FA looks at the financial data of the company in an attempt to evaluate and forecast the financial performance of the company and amongst other things, arrive at a valuation for its stock.

mwong3, thanks for sharing the additional info.

Speculator101, there were lots of profit taking on EG today. It formed a doji on high volume amidst a weak market sentiment is not too bad a performance. Nevertheless its still an indecision day. However, it is worthwhile to note that its momentum is tapering off and there is a distribution of its shares. Its bullish trend looks intact but may undergo consolidation before resuming its trend. As Matrix always advocate, do review your trailing stop.

Syndicate_101, you are right in that the support of 0.45/0.455 of Fajar is holding well. It is a strong support level and if this support remains intact, it is poised to test its resistance. A quick glance at its latest FA does not appear impressive, something to keep at the back of our mind.

bbeepink, Perisai:

Immediate support = 0.575/0.58 ; Immediate resistance = 0.64
If support of 0.575/0.58 is broken, it will test its support at 0.54. There seems to be an emerging buying interest with selling pressure easing off. It is in consolidation at the moment. Stocks that trends up need a breather but do watch out for the support level at 0.575/0.58. A breach in this support may signal further weakness in the stock although the support is not at risk at the moment.

Mike, yes, there are books and websites that explain resistance, support and trailing stops. In some charts, clicking on some keys will display the S and R too.

Different traders use different methods of determining R and S. Some will use trendlines. One can map out the trendline for a stock trading in a channel and buy near S and sell near R. Yet others, may use Fibonacci retracement levels to decide or even pivot points. This link here may be of help to you:

http://www.stocktradingtogo.com/2009/05/11/support-and-resistance-rules-levels-technical-analysis/

I personally use primarily volume and candlestick patterns as a guide to determine R and S and cross check it to trend lines and Fibonacci retracement levels. But please bear in mind that different traders employ different techniques and it will work just as well.

For trailing stop, as the price trends up, I set it at 2% to 3% off the highest price. Which means that 2% to 3% is my maximum tolerant level for the price to trend down before I lock in profits. Sometimes my tolerance level can be higher at 4% depending on how bullish the stock is as I try to ride the profits as far as it can go. Again, different traders have different views on this but the most important thing is that the trader is happy with the returns he/she gets. This is just my personal trading preference which has worked for me but may not work for others.

Hope the above helps. Others may want to share their thoughts on this too. Would be interesting to see how others trade.

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Posted by Mike Kong > Mar 5, 2015 02:00 AM

Dear TCB,

I have just found out about this forum here hence I'm just reading up.
I have 2 questions to ask if I may,

1) how does one decides/ determine SL, resistance & support level?
2) is there somewhere I can understand better about trailing stop?

Thanks everyone & special thanks to Matrixcool for introducing me to this forum.

Thank you Matrix. Always good to be back.

Dunknow, yes, if the support of 0.445 is broken through and it stays below it, then it could trend towards 0.395 which is suppose to be a strong support level. At the moment, there seems to be good support at 0.44 at the very least.

Don't worry about the questions, bro. Please feel free to pose them.