connie - yeah, u thought me remember?

sephi - 1.12 & 1.19

connie - ha ha ha.... I can almost taste the sweetness in the air.

connie - you may be aged 30,40,50,60 or 70, but to me, you are always 20 in the heart! Sephi laughing all the way to the bank with Amprop. This time he will hire a chef and fly us all to Paris for lunch!

Fast_5 - thanks.

rooster57 - Fast_5 is right, it is in consolidation mode.

sephi - congrats on Amprop. You did it again. Very good call.

novice8 - Caely:

Broke out from resistance of 0.545 with above MA30 volume. Should be testing the next resistance at 0.59. Immediate support = 0.52.

connie - To Do List for today = say good morning to Connie! Good morning Connie. whatever counter you buy will fly.

angie80 - Westport:

Broke out of the 2.56 resistance on 6/5 with volume. After touching a high of 2.91 on 12/5, it came under profit taking as is normal for a share with a lot of overhang. The hammer formed on 22/5 potentially means that the bearish undertone could be over but we need to look at the following day's pattern to confirm this.

Immediate support = 2.65/2.67 (gap support) ; Strong support at 2.55
Resistance 1 = 2.80 ; Resistance 2 = 2.91
You may want to exit if 2.65 is broken through.

livermore - Destini:

The double tweezer bottom signaled a bullish reversal trend. Attempted another run up after the brief consolidation period but came under selling pressure today. Need to clear immediate resistance at 0.67. Major resistance = 0.705. Immediate support is at 0.585. Next support is at 0.54.

Stock In Focus: JAYCORP

It opened today with a gap up and almost hit TP1 of 0.85, but fell short at 0.845. It succumbed to selling pressures and formed an engulfing bear implying that maybe it might undergo some correction. The support level to look out for is at S1 0.775/0.78.

bravo - L&G:

Not yet. It is still consolidating. It needs to clear the important resistance at 0.585 formed with the evening star formation on 15/5 with volume first. Please note that the daily volume traded remains low. For a bullish run to sustain, it needs to be accompanied with substantial volume on breakout.

Fast_5 - SKPetro:

Still in the correction phase. Today, it closed the gap support at 4.22/4.30 on the back of high volume, above MA30 and looks bearish. Not out of the woods yet. Can expect to see it trend towards the 4.00 zone on further weakness.

cherry tomato - For a start, the free Chart Nexus will do. You can learn TA from books, internet and videos, no problem. Whether you want to purchase the chart system or not depends on your needs. Some people trade armed with just their TA knowledge and Chart Nexus and they are very successful.

Of course, if you buy the system, it offers you more value added information and alerts and stuff like that. But acquire the basic TA knowledge first. Don't need to learn everything all at one go. You can start with recognizing and interpreting candlestick charts and chart patterns and knowing where support and resistance are and the implications of volume.

Don't bother about other indicators first. Start interpreting real life charts of stocks that you trade or of any other stocks of interest to you and you can post it here for Matrix and others to add notes to it. That way, you speed up your learning process. Once you become better at it, then you start introducing other indicators that you wish to familiarize with, one at a time into your reading. This way, you don't get confused with too much info.

As the saying goes - before you can walk a thousand miles, you need to start with a 1st step. (sorry for being philosophical) Cheers.

Lz Lee Weiping - THPlant:

Temporarily it has overcome the resistance at 2.14 and has hit TP1 of 2.16. If it managed to maintain above 2.14, it will be trending towards TP2 at 2.21.

Cherry tomato - thank you so much for helping out. You are fantastic. Appreciate it.

GHLSys:
Major support of 0.80 was broken and it found strong support at 0.755. Now re-testing to break its immediate resistance at 0.87 convincingly with the gap up yesterday with volume. If overcome, the resistance level is at 0.96. If it fails to stay above 0.87, it should find immediate support at 0.815/0.82.

ck - Century:

In a correction phase. Currently, consolidating within the range of 2.57 and 2.50. A break below 2.50 will see it test the next strong support at 2.47/2.48. SMA 12d trading below SMA 25d.

Immediate support = 2.49/2.50 ; Major support = 2.47/2.48
Resistance 1 = 2.68 ; Resistance 2 = 2.72

Stock In Focus: JAYCORP

Reading: First broke out with volume on 17/3 followed by 2 consecutive gap up candles to start an uptrend interrupted by intermittent consolidations. The latest consolidation phase, sparked by the dark cloud formation on 24/4 seems to have exhausted and it appears bullish with increasing momentum. Potential MACD bullish crossover in progress.

It is important for its price to stay above 0.825 to sustain the uptrend and equally crucial for the dark cloud of 24/4 to be cleared with volume to scale new highs.

Support(S): S1 = 0.775/0.78 ; S2 = 0.74
Resistance (R): R1 = 0.825 ; R2 = 0.86
Target Price (TP): TP1 = 0.85 ; TP2 = 0.89 ; TP3 = 0.92

cherry tomato - Lngres:

Broke out of its 0.28 resistance line with volume from its rectangle trading on 10/4. Bullish engulfing candle on 6/5 restarted its bullish run after a series of consolidation prior to that. A break from 0.31 will see it test the 0.32 resistance before scaling new highs. But a break below 0.295 will see it fall back to the 0.265 level. Currently, 0.31 is posing as a stubborn resistance.

Support 1 = 0.285 ; Major support = 0.265
Resistance = 0.32.
TP 1 = 0.34 ; TP 2 = 0.39

Wokan - by the way, the SEAL analysis was well analysed and meticulously done. Thanks for sharing.

ck - Salcon:

Gravestone doji on 19/5 signalled a bearish reversal trend. In order for the share to trend higher, it needs to breakout from 0.795 with volume and take out the engulfing bear on 17/5, literally a dark cloud hanging over the share.

Immediate support = 0.74. Major support = 0.72.
Immediate resistance= 0.795. Major resistance = 0.855.

pathew - CLIQ:

Broke out with volume on 14/5. Found bottom at 0.625. Currently bullish trend. Immediate support = 0.67/0.675. Resistance = 0.715. Major support = 0.64. As you are aware, being an SPAC company, it is dependent on news for a run pending any concrete acquisition.

CK - MKLand:

Reading as at 19/5/2014:

Currently under correction since hitting 3 yr high of 0.56. Have retraced about 61% from commencement of current uptrend started 15/4. Now trading in a rectangle from 5/5, with the resistance line at 0.505 and the support line at 0.48. Support of 0.48 seems to be holding well temporarily. A break above 0.505 with volume will see it re-test the high of 0.56 whereas a break below the support line will see it trend towards 0.45.

Immediate support is at 0.475 and 0.45 respectively. Resistance = 0.56.

As at 21/5 9:50am:
Broken support line. Will test next 0.45 support level.

sonic99 - Yinson:

Bearish trend compounded by the formation of the 3 black crow on 15/5. The bearish trend will likely continue as persistent profit taking will have a multiplier effect to its downturn. The next 2 support levels lie at 4.485 and 4.175 respectively. Immediate resistance is at 4.985/4.99.

Possible panic selling appears to drive the price down further, most likely due to its exposure to Vietnam.

tccher - N2N:

Bullish as consolidation appears to be over with sellers exhaustion and it is poised to break through its all time high of 0.985 which is also its major resistance. The high volume today is encouraging and bodes well to its attempt to scale new highs. Immediate support = 0.895/0.89. Major support can be found at the gap support of 0.84/0.85.

TP1 = 1.05 ; TP2 = 1.12 ; TP3 = 1.17

connie - you make us all alive and lively!

Connie, CT and all - good morning

connie - lots of wave but no connie!

rikki - actually, there is no order in the reply but whoever is free will do the reply. The other people doing the replies are Yoda88 and Stay Foolish aka SF at the moment.

But it is not the intention of this thread to restrict the replies to the few of us. We invite and welcome others to contribute to the replies and be part of a TCB community as we believe in learning and sharing with each other and we are aware that there are many TA and FA competent traders out there like Mc Wei,sephi, Bravo and others. I believe you yourself is quite a seasoned trader too.

Thanks for your interest. Appreciate it.

rikki - thanks for your kind comments. Do share your thoughts with us.

Carlsraj55 - MQTech:

Narrow range bound trading with support base at 0.11 and resistance at 0.125. Seems to have bottomed out at 0.11. Major resistance rest at 0.15 if it does break 0.125.

You will have to decide what your next course of action is. I would say that currently this is a non trending stock. Also, you may probably know that the company has weak FA with losses incurred in 2013 and a negative EPS. Hope this helps.

Thanks sephi for the fantastic input.

I think some of the newbies will probably know that sephi is a very good FA guy who has a knack for buying into counters very early at a low price.

cherry tomato - TH Plantation

Bullish. Has cleared the dark cloud on 25/4. Need to overcome the major resistance of 2.14 which it is currently doing. Support levels are at 2.10 and 2.00. TP 1 = 2.16 ; TP2 = 2.21 & TP 3 = 2.37.

Sp BoiBoi - FA is a very wide field. I am not sure which part of FA you are interested to know more. I am not qualified to teach you but I can share what I do know. If you want to trade strictly FA, do check out this blogger on I3 by the name of kcchongnz. He is very good in FA especially on share valuations but you do need some basic finance knowledge which I assume you have due to your keen interest in FA, to really understand his writings. He responds to all questions.

But I would strongly recommend that you get some books on financial ratios and on trading FA books if you do not already have some.

SgMas - MKLand:

Currently under correction since hitting 3 yr high of 0.56. Have retraced about 61% from commencement of current uptrend started 15/4. Now trading in a rectangle from 5/5, with the resistance line at 0.505 and the support line at 0.48. Support of 0.48 seems to be holding well temporarily. A break above 0.505 with volume will see it re-test the high of 0.56 whereas a break below the support line will see it trend towards 0.45.

Immediate support is at 0.475 and 0.45 respectively. Resistance = 0.56.

lfctrade - Encorp-WA:

Consolidating after it hit a previous high of 0.87 on 12/5. Immediate support is at 0.68 and immediate resistance at 0.87. A look at its mother share reveals that it is trading in a flag formation, a bullish continuation pattern on the bullish wave 3. Once it breaks out of the flag's resistance line, it is expected to continue its uptrend in which case, Encorp WA will follow suit.

Linabee - L&G:

Matrix did the following analysis on 15/5-

Stage 2 of the cycle and very bullish. After hitting a high of $0.545 it is under consolidation at the moment (That is why it is stagnant).It may have found the new bottom at $0.465, a break above $0.525 will take it to its strong resistance at $0.545. If break will get to its next target of $0.575 and into uncharted territory. Any further weakness should find support at $0.485/$0.465. Exit if $0.425 is violated. nicholasnwh90 (14/04)

After the reading,
L&G did hit my target of $0.575 on 17/04 and into uncharted territory. Today it sets a new high of $0.61 and moving towards its next target of at $0.625 and $0.655. Any weakness should find immediate support at $0.575 (Resistance turns support). MinMin (24/04)

15th May
As mentioned earlier, stage 2 of the cycle and very bullish, as suggested it did moved to my target of $0.625 on 28/04 but formed an Evening Star the same day which imply consolidation and it did. It consolidated and may have found a new bottom at $0.54 on 05/05. It is rebounding from this new low and testing its immediate resistance at $0.585. A break above $0.585 will take it to next resistance at $0.60 and the previous high of $0.625 and beyond.Immediate support adjusts to $0.55/$0.54, for short term traders please Exit if $0.54 is violated with volume.

17/5 - consolidated and still testing resistance at 0.585.

lfctrade - Sinotop:

Sideways narrow range bound trading between resistance 0.09 and support 0.055. Support base formed at 0.055. Major resistance = 0.11/0.115. Trading range likely to continue unless a significant catalyst arises to propel it higher.

connie - ha ha ha.... Good morning. Always liked chatting with you. You are funny.

connie - you are embarrassing me lah. There are plenty that I do not know. I just know enough to trade and even that also sometimes lose money. Actually, I just realized, I do not know how to use the ChartNexus calculator. Maybe you can teach me. I am here now but you are not. You see, today I really am here. Break record already. Aiyah, missed your deleted mail. ...ha ha ha ....
Good night.

Mc_Wei - appreciate yr help. Thanks.

Matrix - ha ha ha... Your powerful TA knowledge alone is profitable.

lsy7 - Mpay looks bullish and need to stay at 0.30 and above. Volume has increased.

Jasonshteh - sorry, that is one feature I do not use. I have my own spreadsheet for it. Would appreciate if someone who uses the calculator can answer Jason here. Thanks. So sorry, Jason.

Sp BoiBoi - I will try to help you. Intrinsic value (IV): You need to have some basic finance knowledge to understand its calculations.

You will have read that there are various methods for calculating intrinsic value - Benjamin Graham's growth formula, Residual Income Model, Discounted Cashflow model (DCF), Dividend Discount Model and other variations by different experts. It all sounds fantastic and confusing too. The most commonly used method is the DCF method, my personal preference too. It involves calculating free cash flows and assigning discount rates and terminal rates. I won't go into the details. You will need to sit down, find a good explanation of it in a book or online and go through it slowly.

1st important question - which model should I use?
You can go with just one model, in which I will suggest to you the DCF method or some investors use 2 or more models to calculate and then compare the values (can be time consuming). Last resort - if you still don't get the calculation, there are online IV calculators.

2nd important question - what should I do with the value?
Depends on whether you trade TA or FA. I won't go into details. If not I will be filling up Matrix thread. IV is just a guide. The share may or may not reach its IV or it may take a long time to reach it. But it does give us an idea of how expensive or cheap the share is currently.

I hope I did not confuse you.

connie - Mpay won't be for intraday. I have been trading the trend of Mpay from 0.18 on. So, will ride the trend. I always lock in profits when it comes. YOU are above all else! You should do fine with Fitters.

JoJo118 - Asuprem:

This chart is not available live due to its suspension but I will try to help you using ChartNexus. Before suspension, it formed a bearish harami indicating uncertainties in the counter. The doji that followed added to the uncertainties. Temporarily found support at 0.11 with resistance, which is the gap resistance, at 0.145. Of course, upon its suspension uplifting, it has to be reassessed again.

FA - poor fundamentals. Negative cash flow from operations in 2012.

Farue - IRCB:

On a downtrend. Formed a bullish engulfing candle on 18/4 and tested a high of 0.39 on 19/4 with volume. Due to the overhang in the share, it came under selling pressure and is now consolidating. It needs to close the gap resistance at 0.34 successfully before attempting to break the resistance at 0.36. Need to clear 0.37 with volume to break out from its downtrend line convincingly. May have bottomed out at 0.295.

FA - please note that it does not have good fundamentals.

connie - ok, i try to have a longer affair ....today.....over here....with you...ha ha.... Good luck with fitters. I am eyeing Mpay.

nana88 - yes, you are right. Quite a number of sell transactions. Do remember, for every sell, there is always a buy. At the end of the day, it depends how well these selling pressures are absorbed.