Inwest88, tsy88, Dunknow, riff, michaelwoo and all - Good morning.

The market is indeed bearish and I believe the Emas Index has broken down from its uptrend line. Irregardless, it is important to trade based on your trading plan. Inwest, is right, cash is king now. And as a friendly reminder, it is important to note that you may want to patiently wait for selling pressures to wane before considering taking position if you intend to bottom fish or you will end up catching a falling knife.

Inwest88, tsy88, Dunknow, and all - Good morning and have a good profitable day at the market.

Connie - good evening. So hard working even on a holiday. My thoughts on Barakah is that it could have bottomed out at 1.35 and if it breaks 1.46, it signals a price reversal. With a bullish price/rsi divergence on the daily chart, potentially there could be an upward bias in the short term. Any good news on the stock would certainly be a boost and lends more weight to its upward momentum bias. You may be on a winner. By the way, I am also trading Barakah.

inwest88, tsy88 and all, Good Morning and Happy Holidays!

R177 - Censof:

Successfully broke out from its descending triangle on 29/8. It is bullish and is now consolidating. Currently enjoying good support at 0.56. A break from 0.59/0.60 would reconvene its bullish trend and would see it testing the resilience of the 0.62 resistance. A strong bullish momentum would take it to its immediate tp of 0.65 before attempting to realize tps at 0.71, 0.74 and 0.80. Any break down from 0.56, is a signal of weakness in the stock and you may want to consider a stop loss at 0.53/0.54 depending on your risk appetite.

kingcobra / sunflower22 - you are most welcome.

Connie - you too have a great holiday ahead. Censof could be poised for a run-up. There appears to be sellers exhaustion.

sunflower22 - good morning.

Leonfb:

As analysed by Lz earlier, the bearish implications came to its fruition on 1/10 and is now under consolidation. On the weekly chart, there is a dark cloud formation implicating further possible weakness.

Its gap support at 0.585/0.575 remains intact as it traded off its low of 0.59 to close at 0.595 on 3/10. On strength, it will need to overcome its resistance at 0.625 before attempting 0.655 again. Should the gap support be broken, it will need to fall back on further support levels at 0.555 and 0.53. You may want to consider a stop loss at 0.565.

Happy holidays.

----------------------------------
As at Sep 21, 2014 08:58 PM by Lz:

it's currently having some selling pressure going on. Gap support level at 0.585 and 0.575. Resistance level of 0.615 and 0.635. If it can break and maintain above 0.615 it will continue to re-test it's resistance level of 0.635 and thus maintain it's uptrend momentum. Stop-loss if 0.575 is violated
Weekly charts shows a long tail shadow, which have some degree of bearish implication.

kincobra - KSL:

As at 4/10:

Undergoing correction at the moment and is testing the resilience of its uptrend when it closed at 4.32. Any further break down from this price would break its uptrend line and send it into further correction to test its support at 4.28 and 4.23. Immediate resistance is 4.60. As suggested by Lz earlier, you may want to consider a stop loss if 4.23 is violated.


As at Sep 27, 2014 09:03 PM by Lz:

KSL: Still in uptrend but judging from the volume it seems that it's going to retest it's uptrend trend-line soon. Immediate resistance level at 4.74 and next resistance level is 4.97. Support level at 4.46 and 4.23. Stop-loss if 4.23 is violated.

kenyang88 - TROP:

Still on a downtrend. It formed a doji on 2/10 followed by a bullish candle on 3/10, a slight hint that it could be bullish in the short term. For a price reversal, it needs to break 1.34 with volume and scale past 1.41 for any meaningful reversal. Immediate support is at 1.21. If 1.21 is broken you can expect it to trend towards 1.10. Immediate resistance is located at 1.29. There is some accumulation taking place in the stock.

Connie - good evening and have a great weekend. Quite a swing in Bornoil today.

Connie & all -Good Morning.

I think you have been doing a great job with all your chart and wave readings. Don't feel disheartened. Your enthusiasm and passion for charts are contagious and is something you should maintain as it is reflected in your analysis which I have always enjoyed reading.

duit - great to hear from you. Hope everything is running smoothly for you especially in your stock market trading.

tsy88 -

Dsonic:

Immediate support is at 1.50. Its resistance levels are 1.60, 1.73 and 1.80. The recommended stop loss is 1.49 if it downtrends again. It broke the 1.60 resistance with volume today and looked pretty strong going forward.

Dutaland:

Remains bullish. If it breaks 0.83 with volume, it will resume its uptrend. It has support at 0.76.

Connie & all - good morning !

moisking - thank you for unselfishly sharing the link.

Connie - good morning.

winwinborn - the breakout of MFCB, as suggested by sunlight, came on 29/9 and is now bullish. Some traders do trade it when it first breakout from 2.27 but since it has now gap up, you are right, it is best not to chase it.

ElyseLee - YGL:

As at 30/9:

Since the 16/9, it hit a high of 0.345, short of the 0.36 tp. It is now under consolidation with an immediate support of 0.24. If this support is broken, it will trend towards the next support at 0.19/0.195. The immediate resistance is 0.30 and the strong resistance is expected at 0.325/0.33.


As at Sep 16, 2014 08:58 PM :

Bullish when it succeeded in breaking out from its key resistance of 0.145 on 2/9. It hit a high of 0.27 on 9/9 before it went into consolidation under a pennant. It has now broken out from the pennant to hit a new high of 0.325 with a spike in volume. Immediate support is at 0.255 with further support back at 0.22. Moving forward, if its momentum is sustained and the resistance of 0.325 is taken out, it will be heading towards its target prices of 0.36 and 0.43. As with all shares that trends up on abnormally high volume, you can expect some profit taking activities to set in. So, you may want to review your trailing stop along the way to protect your profits in case the stock goes into a consolidation phase.

I agree with Connie in that we cannot control the market's volatility but we can control our trading plan. You may want to lock in profits quicker and you may want to be less tolerant when there is weakness in the price.

godbless88 - good morning. This is one of my favourite thread with lots of good people here.

Connie & gang - Good morning!

ladzatz - thank you for sharing the article. Appreciate it. It could be you one day.

Inwest88/Tsy88/Dunknow/ and all - Good Morning and we wish you a prosperous day in the stock market.

Dunknow - The buyer's volume has to be look at within the context of the day's trade. By itself it does not tell a lot. Near resistance there could be a high volume of buyers but how the price settles at the end of the day's trade is more meaningful and provides a better indication to the strength of the bulls and the bears.

-----------------------------------------------------------------
Posted by Dunknow > Sep 27, 2014 03:53 PM

Hi TCB,may I know if have big volume of buyer in toward immediate resistance level or against resistance level carried any meaning?thanks in advance

jass - Texcycl:

Before its suspension on 26/9, it was attempting to breakout from its consolidation but encountered strong resistance at 0.68 and came under profit taking. Immediate support is at 0.61.

kyosan - Hightec:

Traders do not usually trade these type of counters. There is hardly any demand for the stock and it is traded on a very low and irregular volume. It has a resistance at 1.14 and a support at 0.93. This is one stock traders would avoid trading.

-----------------------------------------------------------
Posted by kyosan > Sep 27, 2014 07:50 PM

Hi tcb..how do u think hightec in TA..?thanks.

gerry188 - IFCAMSC:

As at 27/9:

Selling pressure did subside and it traded to its resistance at 0.48 and subsequently consolidated with a support at 0.435. Need to overcome 0.48 convincingly to have any meaningful price reversal.


As at 18/8:

Still under consolidation. Selling pressure has subsided further.


As at Sep 16, 2014 07:08 PM :

Under correction and has filled the gap support at 0.395/0.42. The current support at 0.365 seems to be holding and it may be bouncing off this 38% retracement level. Need to overcome strong resistance at 0.44 in order to scale higher. The selling pressure appears to have declined for the time being. If you are bottom fishing, you may want to consider a stop loss at 0.355.


Posted by Lz Lee Weiping > Sep 13, 2014 12:03 AM

nana88 - IFCAMSC
Under retracement. Support level of 0.365 and 0.335. Resistance level at 0.43 and 0.445. Stop-loss if 0.335 is violated.

belkg - Flonics:

Currently consolidating sideways after a brief attempt to scale higher. It is encountering strong resistance at 0.105 and unless it can surpass this resistance, it will likely recoil back into its sideway trading with a support at 0.085.

DA222 - Cliq:

Trading sideways in a rectangle with a support at 0.63 and resistance at 0.66. Unless there is a catalyst, it is expected to continue trading within this range.

yuyu82 - Naim:

Still under correction. The bullish harami of 25/9 indicates a potential reversal point with subsiding selling pressure in the near future. The following bullish candle formed on high volume reinforces this fact. The support at 3.44 is currently holding. However, it is currently encountering resistance in breaking 3.60.

Amongst the possible reasons for the drop could be its flat net profits and the expectation of a possibly lower earnings in the 2nd half of 2014 by some analysts. You will need to look further into its fundamentals for the decline. If its fundamentals are intact, you need not worry. But do look further in the FA aspects to grasp the situation better.

----------------------------------------------------------
Posted by yuyu82 > Sep 24, 2014 04:37 PM

Dear TCB,Can help me check Naim?Why keep droping? Thanks...Very worry...

Connie - good evening. As promised, pinky for your ears:

http://youtu.be/nVhNCTH8pDs

Have a good weekend!

connie - ...hahaha.... forgot to thank you for the very lovely song. I will reciprocate by dedicating a pink floyd song to you in chrissyconn! Yeah, I will need to update my daily to do list again. Must have been corrupted by virus ...hahaha.... Ok, we shall read the waves together ...haha... you are so humble.

Connie - thanks a lot for the tracking tip. Wow, that is a very innovative way of doing it. Of course me, being lazy, have not thought of doing it this way. But something to consider. Thanks.

Thanks for the Macd tip too. I shall go back to the drawing board on this one. Really admire your wave reading skills. And I remember you started with zero knowledge a year ago and with your perseverance and drive, you acquired the skill and became very good at it too. Hats off to you. Very admirable. I shall consult you more on EW in the future....hahaha.... hope you don't mind!

motomoto - TMCLife:

Lz just did one on 23/9 as follows:

Bullish after breakout from the consolidation ranging from 0.475 and 0.485 on 19/09. Support level of 0.525 and 0.50. Immediate resistance at 0.58. TP of 0.605 and 0.62. Stop loss if 0.50 is violated.

As at 26/9:
It is bullish and could be trading into historical highs in the medium term. The brief profit taking activity on 24/9 was very well absorbed. Immediate support is at 0.63 with further support back at 0.59. There is a bearish price/rsi divergence on the daily chart which could see some profit taking and consolidation in the short term. Do set your trailing stop if you are riding on profits.

connie - thats a very good question. Honestly, it is difficult to track. If I remember vaguely I have read the chart before, I just trace back to my postings to check one by one or I just read it again. But if it is a recent request, I can remember sometimes. Its really tough to track though. And how do you track them.

By the way, I need to learn from you how to read waves using MACD.

Connie your presence alone lightens up this place ...hahaha... Did you make some good profits out of BIG?

Connie - no date. Waiting for a pretty damsel to drop in .....hahaha.... Nice to see you hear.

Kingston1 - MMSV: The candle on 24/9 was not a black candle and it traded on the 2nd highest volume of the recent weeks. There were profit taking but it seems to be well absorbed. In fact, it is holding above 0.50 pretty well so far. We can't tell if the big boys are out from the chart. and also, the chart did not exhibit any bearish reversal pattern so far.

-------------------------------------------------------------------------
Posted by Kingston1 > Sep 25, 2014 11:53 AM

Hi, I noticed mmsv with highest volume ever with long black Candle yesterday. Sell signal? Big boys are out of the game?

belkg - Sona:

Trading in descending triangle with a 0.47 support. A break in resistance of 0.50 with volume would signal a potential price reversal. In the short term ,it will likely trade within a tight range between 0.48 and 0.50. Recommended stop loss is 0.46.

lady77 - Focus:

Has broken out from its rectangle trading on 12/9 and attempted a bullish move but is now consolidating between the support of 0.115 and the resistance of 0.13/0.135. May likely trade sideways in the near term. You may want to consider a stop loss at 0.10.

Alpha Trader - thank you for the alert. I have been a keen follower of your blog and your write ups which I think is very well thought out, well researched and well analyzed.

kingcobra - sorry for the delay. No, we did not overlook your request but the person who was suppose to do it was overwhelmed with work in the office. That is why sometimes we can take days to respond. Anyway, here goes.

SEM:

Currently trading in a symmetrical triangle. Its immediate resistance is 1.74. A break out from the pattern would occur when it breaks the 1.82 resistance. A further break in 1.88 would lend more weight to the sustainability of the price reversal. Current support level lies at 1.67. In the short term you can probably expect more side way trading.

onghenghuat - I have done the reading for Censof as per belkg reference. You may have missed it. I believe Censof is on wave 3 now.

belkg - thanks for helping out. Appreciate it.

belkg - Gbgaqrs:

Uptrend is still intact and currently consolidating. Momentum on the stock is increasing. It is currently fluctuating between 1.77 and 1.82. Immediate support is at 1.76 while resistance is at 1.82. The tps if resistance is broken are 1.88 and 1.97. It could be poised for another run up in price barring any external shocks to the market.

helang008:

The 30days Moving Average Volume of all stocks can be found in their i3 respective thread and also on your online trading screen.

Determining support and resistance levels are one of the most important aspect of TA. It has to be assessed from the chart and some softwares specify it for you by the click of a button. You may want to read up on support and resistance in some online TA articles to have a better grasp of it.

From your example, what it means is that the support of 0.77 was temporarily broken and tested but the bulls turned up to push the price to 0.79. Technically, no, the support has not been broken.

moonless/skyland - Efficen:

It is bullish and is scaling new highs. Broke out from its pennant on 19/9 and touched a high of 0.39 on 22/9 with a gap up supported by a very high volume. The shooting star formed on 22/9 could signal some consolidation setting in. If the immediate support of 0.355/0.36, the gap support, is broken, it should find strong support at 0.315. If it continues its upward movement by taking out the resistance of 0.39, its target prices are 0.44 and 0.48. However in view of the spike in volume, if you are riding on profits, do review your trailing stop. It normally attracts profit taking activities.

Skyland - please note that TA cannot predict the future.

--------------------------------------------------------------
Posted by skyland > Sep 20, 2014 06:43 PM

TCB pls check efficien chart can limit up on monday?

jm678 - Thank you for your suggestion. We will certainly consider that for Stock in Focus. Sometimes we do not put in too many indicators because it confuses the chart and the reader. Also, during our analysis, we do not employ the full spectrum of indicators. We rely on a few key indicators and use the others to complement what we analyzed. Thank you for your suggestion.

helang008 - SMRT:

This stock has been in correction and the bullish harami of 18/9 offers a hint that it may be due for a price reversal subject to confirmation. It has found good support at 0.77. A break in the resistance of 0.865 with volume would confirm the price reversal. Yes, you are right that there was an increase in trading volume on 22/9 although it is still below 30days MA Volume. This is a healthy sign though but needs to be followed through with increasing volume over the coming trading sessions.

Sometimes, if you are stuck with a stock for a long period of time and its fundamentals are not improving by leaps and bounce, you may want to consider selling to release capital for other profitable trades. Just to share with you some alternative thoughts on such stocks although the trading decision rest solely with you.

Posted by ProfitMan > Sep 22, 2014 08:20 PM | Report Abuse X

annie24 - KTB:

After hitting a high of 0.57 on 19/9, the consequent bearish engulfing candle signaled a bearish tone in the stock. It gapped down on 22/9 on high volume. Its current support levels are at 0.41 and 0.35. The gap resistance of 0.505/0.53 poses an immediate resistance. The selling may not be over and you can probably expect more selling on this stock probably triggered by its capital reduction and rights issue exercise. Please note that the company had recorded reduced profits in June 2014.