林俊松

TA

Weekly Chart- Stage 2 of the cycle which is very bullish. Formed Shooting Star on 25/07 and it's now under correction mode. Any weakness due to profit taking or overbought situation should find immediate support at $0.95 and stronger support at $0.87.

Daily Chart- May further test Support 1 at $0.97 and Support 2 at $0.95. A break below $0.87 may Trend Reversal to Stage 3. If managed to hold at $0.95, it may retest $1.02/ $1.07

speakup/aikwais

Daya

Weekly Chart- Stage 3 of Market Cycle- Distribution which the price can be volatile. In Medium Term, it is expected to trade between $0.28 and $0.385. A break above $0.405 may Trend Reversal.

Daily Chart- Spining Top formed on 05/08. It may show some weakness but need to wait for the confirmation today. If $0.32 able to hold, it is expected to test $0.36/$0.385. Strong Resistance at $0.405. Any weakness due to profit taking or overbought may find $0.3 as immediate support and strong support at $0.28.

yongyou

Drbhicom

Weekly Chart- Stage 4 of the Market Cycle which is very Bearish. It is trading inside a Downward Channel. A break above $2.29 may break the Downward Channel and show Trend Reversal. But the problem is there are too many overhangs to clear.

Daily Chart- It is trading inside a Downward Channel. A Doji formed on 16/7 and show Price Reversal. The price is further consolidate between $2.17 and $2.25. If $2.17 cannot hold, it may further test stronger support at $2.13

yongyou

Scable

Weekly Chart- Stage 3 of Market Cycle- Distribution which the price can be volatile. Acceptable Bearish Engulfing pattern formed on 23/08 which indicate the Price Reversal. Now it is expected to trade between $1.38 and $1.63.

Daily Chart- It is under healthy consolidation with reduce volume. May find $1.50 as new bottom now. A break below $1.50 may find strong support at $1.47. A break above $1.55 may test $1.63/$1.66.

Tsy88

Cresendo

Weekly Chart- Stage 3 of the Market Cycle- Distribution which the price can be volatile. Breakout at Descending Triangle on 1/8 but the volume is not convincing enough. Need to Break above $3.8 to Trend Reversal.

Daily Chart- Formed A Gravestone Doji on 4/8 which indicate indecision of investors. The price may further consolidate/downward but need to wait for tomorrow confirmation. Immediate support is $2.99 but it look frail, may find stronger support at $2.86. Resistance 1 is $3.1 and resistance 2 is $3.22.

cherry tomato

Azrb

Weekly Chart- Stage 3 of Market Cycle- Distribution which the price can be volatile. In Medium Term, it is expected to trade btw $0.68 and $0.82. Need to break the very Strong Resistance at $0.865 to Trend Reversal

Daily Chart- A Break Away Gap happened on 24/07. The gap has been filled due to Profit Taking and may find immediate support at $0.71. Strong Support at $0.68. In short term, it is expected to trade between $0.71 and $0.755. A break above $0.755 may test its immediate target at $0.795 /$0.835.

Tsy88

Ruberex

In Weekly Chart- Stage 3 of the Market Cycle- Distribution which the price can be volatile. Need to break above $0.895 to Trend Reversal.

In Daily Chart- The momentum is picking up. A long white candle (Marubozu) formed on 1/8 and engulf all the previous candles which may indicate Price Reversal. Need to breakout at $0.69 and filled $0.695 gap to formed a Double Bottom Pattern. A break above $0.695 may carry to its immediate Target Price at $0.755/$0.81. If cannot breakout at $0.69, it may further consolidate between $0.62 and $0.69.

Happy Trading =)

Kc18

Muhibbah

Weekly Chart- Stage 2 of the Market Cycle which is bullish. Formed a Spinning Top on 25/7 implies some weakness, expect some downward movement to support of $3.10 and $3.04.

Daily Chart- It is also in stage 2 of Market Cycle. After hitting new high at $3.52 on 10/7, the next day followed by a Tweezers Top on 11/7 which show some weakness as well. The immediate support adjust to $3.10 and $3.04. A break below $3.04 may Trend Reversal back to Stage 3 of Market Cycle- Distribution. Any further rebound may find Immediate resistance at $3.27 / $3.4.

nicholasnwh90

Pworth

Weekly Chart- Stage 1 of Market Cycle- Accumulation. In Medium Term, it is expected to consolidate between $0.19 and $0.24. A break above $0.29 may Trend Reversal to Stage 2 of Market Cycle.

Daily Chart- In Short Term, it is expected to consolidate between $0.205 and $0.23. A break below $0.205 may find immediate support at $0.19. A break above $0.24 may test $0.29. The problem of this stock is there is too many Overhangs to clear.

Jass

Ewein

Weekly Chart- Stage 3 of the Market Cycle- distribution which the price can be volatile. In medium term, it is expect to trade between $ 0.54 and $ 0.7. A break above $0.78 may Trend Reversal to Stage 2 which is Bullish.

Daily Chart- In Short Term, it is expected to consolidate between $0.54 and $0.64. May find immediate support at $0.565/$0.575. A break above $0.64 may retest $0.675/$0.70.

tsy88

IWCITY

Weekly Chart- Stage 2 of the Market Cycle which is bullish. Breakout at $1.49 and heading to immediate target at $1.73. However, 31/7 formed a Shooting Star which may show some weakness on the uptrend.

Daily Chart- Breakout from a Small Pennant from 17/07 to 25/07 at $1.54 on 30/7. On 31/7 formed a Black Candle due to profit taking and retraced about 5%. However, the selling volume is very low and assume it is not out of wood yet. May find immediate support at $1.53/ $1.54 and strong support at $1.46. If $1.54 stay, it may retest $1.65/ $1.70/ $1.75.

Dunknow

Deleum

Weekly Chart- Stage 2 of Market Cycle which is bullish. The Upward Trend is still intact. In Medium Term, it is expect to consolidate between $2.02 and $2.55.

Daily Chart- In short term, it is expect to consolidate in range of $2.32 and $ 2.47. A break below $2.32 may find $2.16 as strong support.
A break above $2.47 may test resistance 1 at $2.55/2.7

AyamTua

Novamsc

Stage 2 of Market Cycle which is Bullish. Breakout from Rounding Bottom at $0.11 and heading to its immediate target of $0.175/$0.2.
On 30/7, a Doji formed after an upward move which indicate indecision of the investor. But need to wait next candle for confirmation whether the price will further consolidate / downward. Support 1 is 0.125 and support 2 is $0.110. A break below $0.110 may enter back to Rectangle Trading.

Dlyc

So sorry for the late reply. Was away for Raya Holidays.

Keladi

Weekly Chart- Stage 2 of the market cycle which is very bullish. Breakout from Rectangle Trading of $0.305 and $0.39 which carry an estimated target of $0.475 and beyond.

Daily Chart- Any weakness due to profit taking or overbought should find immediate support at $0.39 and strong support at $0.37. Need to stay above $0.39 to maintain bullish trend. If can stay above $0.39, it is expected to test resistance at $0.435 and it immediate target $0.475.

Happy Trading

steffie

Tnlogis

Weekly Chart- Stage 3 of the Market Cycle- Distribution which the price can be volatile. Rectangle Trading between 1.26 and 1.5. Need to break above 1.5 to enter Stage 2 of market cycle which is bullish.

Daily Chart- Descending Triangle is formed and breakout point is at $1.355/$1.36 which indicate Price Reversal. Momentum is picking up and it may test $1.4/$1.5 soon. Need to break above $1.5 to Trend Reversal. Any weakness due to profit taking may find $1.26 as immediate support and strong support at $1.01.

Rocas/ Ayamtua

Ifcamsc

Weekly Chart- Stage 2 of the cycle which is very bullish. Breakout from Rounding Bottom at $0.165 and carry toward to its immediate target $0.26 and beyond

Daily Chart- It is expected to break $0.24 and further test $0.26 /$0.30. Any weakness due to overbought or profit taking may find immediate support at $0.205 and strong support at $0.19. Short Term Trader may want to set the stop loss level at $0.185 and Medium Term Trader may want to set the stop loss level at $0.16. Rmb to set Trailing Stop Loss to ride on the Profit.

Happy Trading !

Redeagles

XDL

Stage 4 of the market cycle which is very bearish.It is expect to trade between $0.175 and $0.255. The momentum is picking up and may test $0.225/$0.255. The problem is there are too many overhangs to clear. If you want to bottom fish, you may want to set your stop loss at $0.165.


Agreeed with Lim88. Target Price is just a guidance. We need to have a Trading Plan before we going in to buy any stocks.

Sunflower22

Symlife

In Weekly Chart, stage 2 of the market cycle which is still bullish. On 25/04, formed Dark Cloud pattern which indicate Price Reversal and may find immediate support at $1.02 and strong support at $0.935.

In Daily Chart- It breakout from the Rectangle Consolidation of $1.02 to $1.08 on 21/7 which carries an immediate estimated target of $1.14, $1.19 and $1.22. Today formed a black candle which show weakness on the uptrend. RSI shows weakness as well. Need to stay above $1.08 to confirm the uptrend. If $1.08 is violated with volume, it may enter back to Rectangle Trading of $1.02 and $1.08.

Happy Trading

Skyland

Fronken

Stage 2 of the cycle which is bullish. It just breakout from Inverted Head and Shoulders. Need to stay above $0.15 to confirm stage 2. If stay above $0.15, may test resistance 1 at $0.165 and heading to TP 1-$0.185 and beyond. If $0.15 cannot hold, may continue consolidate in Rectangle between 0.12 and 0.15.

Happy Trading

Hi Winwinbornborn

TA

Weekly Chart- Stage 2 of the cycle which is very bullish. 3 White Soldier Candle formed in which indicate bullish implications. Next Target is estimated at 1.10/1.17

Daily Chart- It breakout from a Flags on 16/7 which carries an immediate target of 1.10 and beyond. Last 3 trading days, it formed a 3 White Soldier Candle which indicate a very bullish trend. Any weakness due to profit taking or overbought situation should find immediate support at 1.02 and very strong support at $0.97.

Congrats on your winning stock and good entry price as well. Do rmb to set trailing stop loss to prevent things against you !

Happy Trading !

CK

Sycal

In weekly chart- Stage 3 of the market cycle-distribution. In medium term, the price is expect to be volatile and trading in between 0.35 and 0.435. Need to break above $0.435 with volume may form a Cup and Handle Formation which has bullish implication.

In daily chart- Dark Cloud Candle formed on 22/05 indicate a Price Reversal. The price is expecting to trade between 0.38 and 0.41 in near term. Strong support at 0.345. Cut loss if 0.345 is violated. Resistance 1 is 0.41, Resistance 2 is 0.435 and Resistance 3 is 0.465. Do monitor the RSI as well. seems like the momentum is picking up but need to stay above 70% to be Bullish again.

mhchai

Amprop

Stage 2 of market cycle which is very bullish. Uptrend is still intact. Immediate support at $1.17 and strong support at $1.13. Cut loss if $1.13 is violated. Next resistance is $1.28. A break above 1.28 may further test $1.35/$1.39.
However, Price/RSI and Price/Volume may find bearish divergence since 23/05. You may want to be cautious about it.

motomoto

skpress

Stage2 of the market cycle- very bullish. May find a immediate support at 0.585 and strong support at 0.555. Cut loss if 0.555 is violated. A break above $0.635 may test $0.66/$0.685. RSI at 70% is a strong support, you may riding on it if 70% is still intact. Need to be more cautious if 70% RSI is broken. Congrats if you are enter this winning trade and rmb to set trailing stop loss to prevent its turn against you.

lottolearn

Skpetro

In weekly chart- Formed a Symmetrical Triangle which has bullish implication. Immediate downtrend line now is at 4.65. If break above 4.65, there is a major trend reversal
In daily chart- The price is consolidating btw 4.33 and 4.52. May find immediate support at 4.33. Strong support at 4.21. Need to break above 4.52 to test 4.65 to Reverse Trend.

tsy88

Ipmuda

Stage 2 of the Market Cycle which is very Bullish. May find immediate support at $1.37/1.4 and Strong support at 1.21.Need to break above 1.6 in order to reach TP 1 at 1.74.Do monitor the RSI very closely. It is trending down and 70% is the support level of it. You may wanna lock in some profit when 70% is broken. and congrats on your good entry point!
Happy trading =)

Btw, congrats on Titijaya as well ! Do rmb to set Trailing Stop Loss

Pathew,

Hi, it's been awhile =) We are doing great thank you ! Do drop by more often !

Ideal

Stage 3 of the Market Cycle- Distribution which the price can be volatile. In Medium term, It is expect to trade between $0.265 and $0.435. May find immediate support at $0.31 and strong support at 0.265. Cut loss if $0.265 is violated. Resistance 1 is $0.385, resistance 2 is
$0.435 and resistance 3 is $0.46. A break above $0.46 may Trend Reversal to Stage 2. The momentum is actually picking up and there are some accumulation taking place. Do monitor it closely =)

tsy88

Bro Tsy88, do agree with you the trending up very nicely !

Titijaya- stage 2 of Market Cycle which is very bullish. 3 White Soldier formed on last 3 trading day. It is expect to break the immediate resistance at $2.66 and entered into uncharted territory which carry Target Price at $3. Any weakness may find $2.54 as support and strong support at $2.35. Cut loss if $2.35 is violated. Rmb to set Trailing Stop Loss to protect your profit if it turned against you.

Happy Trading !

Jass

Encorp-WA

Stage 2 of the Market Cycle which is still very bullish. On 11/7, it breakout from Rectangle Trading and move to its immediate Target Price which is $0.8. A break above $0.8 may test its strong resistance at $0.87. Any weakness may find $0.695 as support 1 and strong support at $0.65. Cut loss if $0.65 is violated.

Happy Trading =)

sunflower22

Dbdh

Stage 3 of the Market Cycle. In Midterm, the price is expect to Rectangular Trading in between $1.34 and $1.68. A break above $1.68 may test the immediate resistance at $1.78. Need to stay above $1.78 to resume the Upward Trend Immediate support at $1.46 look frail and may test Strong support at $1.35. Cut Loss if $1.30 is violated.

novice8

Long time no see novice8 ! do visit us more often =)Are you still holding redtone ??

Redtone- Stage 3: Distribution stage. In midterm, it is expected to trade between $0.71 and 0.79. The momentum is picking up but need to break above $0.79 in order to test previous high at $0.86. Immediate support is $0.71/$0.72. Cut loss if $0.69 is violated. Monitor it closely =)

Happy trading !

sandho9

Sorry for late reply !

Aeon- Stage 2 of the market cycle which is bullish. It just breakout from Inverted Head and Shoulder Pattern and upward momentum is still intact. Any weakness should find support at 3.92 and support 2 at 3.86 and strong support at $ 3.66. During recent price adjustment to $4, the volume has increased forming Price/Vol Bullish Divergence. You may collect it near the support if you want to. Immediate resistance is $4.14 and strong resistance at $4.33.

Happy trading =)

Kingcobra

Sorry for overlook your posting.

OVERSEA

Stage 2- Bullish. It breakout out from Rounding Bottom on 10/06 at $ 0.24. Need to stay above $0.24 to remain the uptrend intact. Immediate resistance 1 is at $0.31, break above $0.31 may lead to TP 1 is $0.375 and beyond. May find a immediate support at $0.24 and strong support at $0.2. Cut loss if $0.2 is violated with volume.

FYI: We do not recommend to buy or sell any stock in this thread. TA is just a guideline like Matrix always say. We need to have a plan before we trade for example when we need to cut loss and when we need to lock in profit. After we have a plan, we need to be discipline to execute the plan. Never let a winning trade become a losing trade :) Feel free to read our Core Values at the top of our page :)

Happy trading!

sunflower22

Harbour

Stage 3- Distribution stage. It is expected to trade between $1.72 and $2 for mid term. For short term, it is expected to trade between $1.79 and $1.93. A break above 1.93 may try previous high at $2 and TP 1-$ 2.07. May find a immediate support at $1.79. If break below $1.79, may find $1.72 as a strong support. If you are looking for bottom fishing, you may want to collect it near support which is 1.72/1.79, cut loss if 1.68 is violated with volume (Stage 4- bearish)

siena

BIG

Stage 3- Distribution stage and trading inside the range btw 0.675 and 0.86. Midterm trading range is between 0.75 and 0.865. Need to stay above 0.865 to Trend Reversal to Stage 2 which is Bullish. Scale in more if break 0.865. May find immediate support at 0.75 and strong support at 0.675. Cut loss if the strong support 0.675 is broken. If the level 0.675 is broken, it begins stage 4 of the cycle which is very bearish and we may want to avoid it at all cost.

kingcobra

KUB

The mid term uptrend is still intact. It trading at a range trade at the moment, ranging around 0.545 to 0.585 level. Resistance can be found at 0.60 and 0.65. Failure to stay above 0.545, It may trade sideways and range trading. Immediate support 0.51/0.515 and stop loss if 0.50 is violated. The problem with KUB is it has lots of overhangs to clear, so unless the breakout is with big volume it is not going to sustain as any meaningful rebound.

FYI: Highest volume on 08/02/2012 and I believe those ppl are still holding KUB at 0.83.

cherry tomato

Mudajya

Still Market Cycle stage 3- distribution and the price can be volatile. A Hammer formed on 3/7 and confirmed by a White Candle and indicate Price Reversal. Price is expect to test resistance 1-2.58 and resistance 2- 2.62. A strong resistance at 2.72 need to break above to filled the gap in order to Trend Reversal to Stage 2 (Bullish). Support 1 at 2.44 and support 2 at 2.39/2.40. A break below $2.34 may Trend Reversal to Stage 4 which is very Bearish.

Mkland

Stage 2 market cycle which is bullish. After consolidating for a few weeks from 05/05 to 03/07, it breakout the resistance 0.505 and formed a Shooting Star on 04/07. The Breakaway Gap on 04/07 may attract seller to sell their position and formed Shooting Star Candle. May find a temporary support at 0.505 and it looked frail. Support 1 at 0.47 and strong support at 0.455. If the support 0.505 can sustain, it is expected to test 0.535 and the previous high at 0.56.

chean1984

Iretex

Stage 3 of the cycle- Distribution stage and price can be volatile, it is expected to trade between $0.555 to $0.78 for mid term. For the short term, it is expected to trade between $0.63 to $0.69. If break $0.69, it is expected to meet resistance at $0.745 and strong resistance at $0.78. Very strong support is at $0.555 and do exit if $0.555 is violated with volume that means it will start stage 4 of the cycle which is to be avoided at all costs.

tsy88

SCIB

Stage 2 which is very bullish. On 19/6, it breakout from the Rectangle Trading at $0.59. After a few days, it hit its immediate target which is $0.725. May find a new bottom now at $0.655 and strong support at $0.59. A break above $0.725 may test previous high at $0.82. You may buy on weakness around 0.655. Cut loss if $0.59 is violated.

Mohd Alwi

Frontkn

Sideways consolidating between $0.115 and $0.145 . Must break above $0.145 for Trend Reversal to test 0.165 and TP1 is 1.75. If you are trading inside the Rectangle, do set your Stop Loss if $0.115 is violated with volume as the next meaningful support is at $0.10

Mohd Alwi

Mpay-wa

Stage 4 which is still very bearish now. A white candle occur on 2/7 which is today may indicate the price reversal. A break above $0.19 with volume signal Trend Reversal and to try its 0.22/0.24 and 0.28. May found immediate support at 0.14. Strong support at 0.11. Cut loss if 0.11 is violated.

Nana88

Yes. It can defined as thin volume as well. A slowdown in volume is always the result of indecision on the part of investors. When they cannot come to consensus about fair value. volume slows and trading range narrows (most often rectangular in shape) as most investors move to sidelines and await more data. For consolidation pattern, it can last for several days, several weeks or several months. The period that follows consolidation is a Breakout, and this can trigger the buying signal.

Hope this helps. Feel free to add in any input :)

Happy trading!

Siena

I did read the FITTERS chart on 19/6

FITTERS

Stage 2- Accumulation which is still very bullish. Now it is going through some consolidation with healthy volume. May found a new bottom at 0.955. A break above 1.05 with volume, it is expected to test its previous high 1.13.and the resistance 1 at 1.09. Support 1 is 0.985 and strong support at 0.955. Cut loss if 0.955 is violated

After reading on 1/7

The situation is still remain the same. Still going through some consolidation with healthy reduced volume between 0.985 and 1.02. A break above 1.05 with volume, it is expected to test its previous high 1.13.and the resistance 1 at 1.09. Support 1 is 0.985 and strong support at 0.955. Cut loss if 0.955 is violated

noisyboy

MPAY

Stage 4- Mark down which is very bearish. It has just broke the strong support line at $0.25 (support line turned into resistance line now) and further test support line 1 at $0.225. $0.225 looks very frail and support 2 at $0.205. Cut loss if $0.205 is violated. We would advise do not catch the falling knife.

Lottolearn

Skpetro

I did read the chart on Jun 11, 2014

Stage 3- distribution. It is just violate the long term up trend few more weeks ago. The support is very strong at 3.97. On 10/6 and 11/6, the price is open higher than previous closing price indicate price reversal. Price will further test 4.20 and test 4.27. Need to break 4.35 to be trend reversal.


I did read the chart On Jun 20 at 11.30 am

Stage 2- Accumulation which is very bullish. The price has already break 4.35 and the trend is reverse to upward trend. It breakout the strong resistance at 4.4 with volume. If the 4.4 hold (need to see the closing price today), it is expected to re test the previous high of 4.8 and beyond with next resistance at 4.56. Congratulation, you are on a winner, but do remember to set a Trailing Stop to protect your profits in case there is a big pullback.

After reading on 29/6

Still in market cycle 2 which is very bullish. The price is consolidating btw 4.34 and 4.41 with healthy reduced volume. May find immediate support at 4.34/4.36. Need to break above 4.52/4.56 in order to re test the previous high 4.8. Immediate downtrend line now is at 4.65. If break above 4.65, there is a major trend reversal. This level also coincide with weekly chart of Falling Wedges which has bullish implication.

SEPHIROTH168

KGB

On 11/3, it breakout from Rounding Bottom at $0.42 which should be very bullish. During recent rally from 11/3 to 15/5, the RSI is forming Price/RSI Bearish Divergence. And also, It failed to remain above $0.42 and looked very bearish. Right now, it is consolidating btw 0.40 and 0.42. If break above 0.42, may test strong resistance at 0.44.
A break below $0.385 with volume signal Trend Reversal (Stage 4-Mark down). Cut loss if $0.385 is violated.

Dlyc

Yoda88 did the Lbalum reading on Jun 19

Dark cloud has formed on 19/06 and possible of a consolidation but watch for tmr's volume and candle to determine the direction.
However the trend is still intact.It is still bullish as its stil trading along the upper bollinger band. Immediate resistance is now at 0.74;0.775 & 0.815.
Support can be found at 0.69 and 0.665.

After reading on 27/06

The upward trend is still intact. Now is consolidating btw 0.67 and 0.74 with healthy reduced volume. Immediate resistance is now at 0.74;0.775 & 0.815. Support can be found at 0.69 and 0.665/0.67. A break below 0.67 with volume signal Trend Reversal (stage 4- mark down). Cut loss if 0.665 is violated.

FYI, you may want to buy near support line so your risk is lesser. The price is adjusting now. We may not want to catch the falling knife. May wait for the price stabilize first before entering any position. Do monitor closely :)

lctay81


Yoda88 did Sealink on Jun 5

Sealink is going to a wave 3 cycle but well supported at 20MA on a T4 trading today.It may rise after staying at 20 MA today with a resistance at 0.54 and should that resistance level be broken the price target will be 0.58.However, a failure to stay above MYR0.52 will likely see the stock trading lower and further support is at 0.505 and 0.445.

After reading on Jun 26

Stage 2 of market cycle which is still very bullish. The upward trend is still intact. However, a Hanging Man formed on 25/06 and confirmed by a black candle next day (26/6) which indicate the price will be reversed. During recent rally to $0.63, the RSI is forming Price/RSI Bearish Divergence. Support 1 at 0.565 will be tested and Strong support 2 at 0.54. A break below 0.525 with volume signal Trend Reversal (stage 4- mark down). Cut loss if 0.525 is violated.

Johnny cash

Yoda88 did the reading on 22/6

The positive momentum and upward trend is still intact. It managed to breakout of the bollinger band on the 27th May and the symmetrical triangle on the 13 June and currently is trading at the upper bollinger band.Need to observe the momentum and volume next week and if it manage to break out of the bollinger band at the 1st resistance of 2.01 than it might scale higher to the next resistance of 2.435. Immediate supports are at 1.945 and 1.91. A stop loss can be considered if 1.855 is violated.

After reading on 26/6

The situation is still remain the same as Yoda88 stated. Need to breakout the symetrical triagle at 2.05 in order to test 2.35/2.44. You might need to be cautious about the Dark Cloud Cover which is formed today. It might be insignificant because Dark Cloud Cover is always accompanied by heavy volume.

Jass

We always use volume to confirm the breakout. Breakout with high volume indicates a healthy breakout. High volume for breakout must be at least twice to 3 time of 30 days average volume.Breakout with low volume indicates weakness.

Profiman/Matrix, pls add in more input :)

lynneettte

Eden

Stage 1 cycle- Accumulation. Rectangle trading with upper line as resistance at $ 0.355 & lower line as support at $ 0.315. The price show very bearish and further testing support 1 at $ 0.315 and strong support 2 at $ 0.305.

FYI, I would like to add in the note that Matrix posted to sunshine

"For stage 1 cycle we short term traders normally would not participate but some may want to bottom fish at this level if they have the holding power to wait through the consolidation. If you are bottom fish remember to set the Stop Loss"