inwest88 - in the past, after a sell off when the market trades at feverishly high volumes, I noticed it takes a couple of days for the market to recover. You are right, the key question is whether the rebound is sustainable.

Inwest88, tsy88, sunflower22, & all - Good morning.

posh0506 - AHB:

Currently trading sideways. Cracking its resistance at 0.22 is proving tough. In the short term, you can expect it to trade within a tight range with 0.20 as support and a 0.22 as resistance unless there is a catalyst to springboard it to the next price level.

ck - SYF:

Was under consolidation since it hit a high of 1.30 on 14/8 and it culminated with heavy profit taking on 20/8 aided by panic selling where it penetrated its strong support base of 1.15. Its next support lies at 1.09. Need to take out its resistance at 1.15 in order to scale higher. It may not be out of the woods yet.

connie - ...hahahaha.. you too are ever so kind with your comments. Thanks. Yes, matrix mailing list is one not to be missed.

ctw101 - to set a trading plan is actually very simple. In it, you will have the support and resistance levels of the stock, your intended entry price and quantity and then you decide what should be your stop loss price if the share trends down. You also need to decide at what price to take profits if the stock goes up in price. SO, before actually buying the stock, you will have written down all the above information in your plan. Then when you trade, you will be aware of your potential profits and potential loss and whichever direction the stock price go, you need not panic as you know exactly what to do.

motomoto - no stock runs up non stop and in a straight line up. It has to take a breather which is healthy. With IFCAMSC, it is also the case. Good results will cause its price to go up in the medium term. What you are seeing now could be a short term consolidation on the stock. As more investors digest its results, then you might see it trending up over time. In between, there will be profit taking here and there but as long as the stock in on an uptrend then you will see its price appreciating.

valuemaster - thank you for the information. Irregardless, it is absolutely crucial that traders trade with a trading plan at all times with stop loss and trailing stops in place just in case any trade goes against us.

Joyous - BIMB wa is now testing its support level of 0.695. If broken, it will be heading towards its next support at 0.67. It is sold down today on low volume. If you intend to bottom fish, you may want to set a stop loss at 0.66.

Joyous - what I meant was if the mother trends up while the warrant trends down, it is only a matter of time before traders realize that it is now worth trading in the warrant if upon conversion of the warrant, the price is less than the mother share. Sorry if I did not explain it clearly previously.

Joyous - Yes, you are right. Usually the warrant tracks its mother share. The scenario that you described is probably the exception rather than the norm. A possible explanation may have to do with the warrant's expiry date. Aside from that, any divergence in both the prices could be temporary in nature.

SpeedyBoy - welcome. Do drop by when free. Thanks.

annie24 - we do not advise when to buy or sell. Ijacob has support at 0.64 and resistance of 0.725 is for the moment a tough nut to crack although it did touched 0.745 today. Basically, if you are happy with the profits that you have on hand, you may want to lock it in. Money in the pocket is better than money outside the pocket. Besides, you will never be able to sell at the highest nor will you be able to buy at the lowest.


Posted by annie24 > Aug 19, 2014 08:03 AM | Report Abuse
Ijacobs... what price shall we sell it at? Your view pls

Connie & all - good morning!

Inwest88, tsy88,and all - good morning.

winwinborn - Latitud:

Chart wise, it is bullish since the gap up on 7/8. If it clears its immediate resistance at 3.43, it will be heading towards its TP1 of 3.55 and subsequent TP2 at 3.63.

Columbo, thanks for the dissecting its annual report and in providing an insight into its cash position as it does look impressive from the outset with a positive cash flow and cash and cash equivalent position. Appreciate your effort.

ck - Opensys: Usually a symmetrical triangle that is less than 3-5 weeks old is called a pennant, a short term pattern.

inwest88, tm, tsy88 and all - good morning.

inwest - congratulations on amprop.

bonus - Solutn:

Has broken out of its rectangle trading pattern on 22/7. Currently consolidating after the evening star on 7/8 signaled an impending weakness in the stock. Has found support at 0.185 and will need to re-test resistance at 0.225 before scaling towards its next resistance at 0.28.

speakup - thank you so much for sharing the information on Reach. Very helpful of you.

tsy88 - its a pity your friend sold off LBalum early. Thats quite a fair bit that was lost. But you are right. That is the beauty of trading. Many a times, we are unable to predict what is coming. By the way, I think you made on LBalum too. Congratulations.

henchris/yongyou - Reach:

Reach, a SPAC company, derives its value when it succeeds in acquiring a QA and subsequently commence drilling activities to generate revenue. Until there is news on a potential QA, let alone an acquisition, its price can fluctuate within a tight range although I am not sure how the price movement for Reach will pan out. So, in the short term, it would be trading on news.

Henchris, it would be worthwhile finding out how much Reach will re-pay her shareholders in the event they fail to acquire a QA within 3 years. Then you will know the down side risk of your entry price which in turn will help you decide on your next course of action.

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Posted by henchris > Aug 16, 2014 04:08 PM | Report Abuse

Dear TCB I entered Reach at 0.735. I wonder I should cut loss next week. please shed your precious advice. thank you.

Posted by yongyou > Aug 15, 2014 11:55 AM | Report Abuse

Dear TCB, what is your comment on REACH?

Saif Bahar - IJacobs:

As I recall, your entry price was 0.66 and the share closed at 0.72 before its suspension. As you already know, there is a reverse takeover by Cekap Technical Services Sdn Bhd and Mecip Global Engineers Sdn Bhd on the table. I believe the stock will only re-open for trading on Tuesday.

Until we know what the material announcement is, there is nothing much you can decide on. There will be possibly 2 scenarios confronting you when it re-opens for trading. If the news is negative, you can expect a slide in its price in which case you may want to lock in profits. If the news is positive, there will be a further run up in its price in which case you may want to ride its profits and lock in when it hits your profit target.

With either scenarios, you will need to set a trailing stop to protect your profits and a stop loss price to protect your capital depending on how its price trends. So, i would suggest you wait for the announcement and then evaluate it before deciding your next move. Hope this helps.

pathew - Congratulations on LBalum. Yes, it has broken out from its ascending triangle with volume and in the process took out its major resistance at 0.815. Its next TP is 0.965 and then it will be off into unchartered territory. Congrats on your winner. Always a delight to be trading such a stock. Looks like you have been on a couple of winners lately.

pathew - congratulations on ideal. ...hahaha.... it happened to me many times.

Inwest & all - good morning. Wish all of you a profitable day.

Fosterrr - SKpres:

These were the earlier analysis:

Aug 5, 2014 12:30 AM

Still under consolidation. You are right, the current support level 0.56, a 23.6% retracement, seems to be holding well. If this level is broken, it should be well supported at the next 2 support level at 0.515 (38.2% retracement) and 0.485 (50% retracement) respectively. In order for a resumption of its bullish trend, it needs to take out the 0.635 resistance convincingly with volume. There is accumulation in the stock in the short term as signaled by the divergence in the price/acc.dist vol on the daily chart.


Aug 8, 2014 12:03 AM

In order for it to convincingly scale higher, its needs to be supported with volume. Currently it is attempting to scale higher, bouncing off the 23.6% retracement line but is experiencing resistance at 0.615 resistance and the trading volume is not sufficiently high although the buying interest is there.


Update As at 14/5/2014:

It did managed to break its resistance at 0.615 temporarily. Its volume, although not very high, did at least increased. Immediate support is now at 0.58. I would expect it to test 0.635 in the coming days barring any external shocks to the market.

Fosterrr - Please allow us some time to revert on skpres and seacera.

Based on fibo retracement alone, it is difficult to tell which retracement level it will bounce off. As a guideline, we can focus on the 38.2% and 50% (although this is not a Fibo number)retracement levels and the all important golden retracement at 61.8%. I personally found fibo retracement useful when analyzed together with candlesticks and trading patterns. This increases the reliability of our analysis and gives a better indication on the direction of the price. Now, others may analyze the fibo retracement differently.

Irregardless, if we are buying in on retracement levels, it is important to set your trading plan with an exit price in place in case the price retraces further to the next level due to whatever reasons or it could be that our analysis was wrong.

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Posted by Fosterrrr > Aug 13, 2014 08:48 PM | Report Abuse

Dear TCB,

Please share ta on skpres and seacera.

Also could you enlighten on fibo retracement. As they seem to rebound at respective level. My question is how can we determine which level it would retrace and continue its uptrend.

Many thanks on ur insight.

Inwest88, TSY88, Pathew and all - good morning. Congrats, pathew. Ideal is moving nicely.

killabuggy - Daya:

Has been under correction. Looks bullish after taking out its resistance at 0.34. It needs to overcome its immediate resistance at 0.355 with volume and stay above this price in order to challenge the gap resistance of 0.385/0.405. If it can fill up this gap resistance with volume, then it would confirm its bullish reversal. Immediate support lies at 0.325. You may want to set a stop loss at 0.315 in case the bullish breakout is unsuccessful.

Saif Bahar - Ijacobs:

Bullish after it broke out from its consolidation on 12/8. Support is now at 0.64. Resistance at 0.65 has been taken out. TP1 is 0.74, TP2 = 0.79 and TP3 = 0.83 (Note: TP is only a guide).

The buy/sell decision rest with you. We do not advise when to buy or sell but we do advocate that when a stock is up trending, you need to constantly evaluate your trailing stop to protect your profits in case there the price reverses. Some traders ride the profits to its maximum while others lock in profits when it hits their target price. It really depends on your risk appetite. Do remember that it is always good to take profits off the table.

inwest88, wiwinborn and everyone - Good morning and wish everyone a very profitable day in the market.

Connie - ....hahaha... when the heart is good, everthing that comes out is good too, a reflection of the goodness in the heart!

Connie - good morning. Love yr quotes. Can't control but can control how we feel! Superb.

hmmmm.... very witty connie. I like it. Learnt something new here yesterday on counter trend wave. Interesting. Your sandwich sounds real delicious!

Hi Connie, just popped by to wish you. Many property and construction stocks jumped. Seems to be the current focus.

Bs1688 - congratulations on Ecofirst if you are in. Its bullish mode is valid but do remember to set your trailing stop, to protect your profits in case its upward momentum reverses. Target price is only a guide.

Thank you Matrix for sharing his trading thoughts in response to a very good question posed by 1lottrade. I believe all of us here got an invaluable real life case study lesson in trading. Thanks.

inwest88 - good morning.

Bs1688 - Ecofirst:

Broke out from its rectangle trading pattern when it gapped up on 8/7 with volume and in the process took out its resistance at 0.325. The gap support was temporarily filled on 9/7 but subsequent bullish momentum brought its price back up. It now looks bullish in its outlook. Strong support at 0.325 and if broken, should have further support back at 0.29. Immediate resistance is at 0.36. Initial target price is 0.41. Suggested stop loss is 0.315.

sunflower22 - cworks:

Can expect further sideways trading after it failed to take out the resistance at 0.31 convincingly. In all likelihood, will be range bound between 0.265 and 0.31. If you are bottom fishing, you will want to consider setting a stop loss at 0.23 just below its strong support at 0.25.

ignasio - Prestar:

Under correction on a retracement of 50% since the formation of an evening star on 31/7. It is now testing the 0.65 support level. Should the gap support of 0.64/0.66 be filled, then it would trend further down towards 0.605. Need to overcome its immediate resistance of 0.695 with volume for a price reversal in order to test its high of 0.745. You may want to set a stop loss at 0.63.

Bs1688 - ....hahaha.... glad we got it right. Have a good weekend.

R177, i guess we probably missed that. So sorry. Anyway, SF will revert to you on it Thanks for your understanding.

Inwest88 - Good morning.

Dlyc - good morning and hope you have a profitable day too. We will do the Ta readings over the weekend. Thanks.

yongyou - BPlant:

Bullish after breaking its resistance at 1.61 on 6/8. Immediate support = 1.64. It would be scaling new highs if it does not succumb to heavy profit taking over the next 2 trading sessions.

indigo - SKPres:

In order for it to convincingly scale higher, its needs to be supported with volume. Currently it is attempting to scale higher, bouncing off the 23.6% retracement line but is experiencing resistance at 0.615 resistance and the trading volume is not sufficiently high although the buying interest is there.

davidlaw81 - welcome. Sorry we do not recommend stocks here except share TA readings. Thanks.

BS1688 - in mbb, purple refers to unknown transaction that doesn't match either the best buy or sell price. I hope I am reading your question correctly.


Posted by Bs1688 > Aug 7, 2014 03:49 PM | Report Abuse

Dear TCB , red is for sell, green for buy and another purple ? Tq