Matrix,

I got the same MF figures as htyeap125. and also wondering how you get the figures for Accumulation/ Distribution ?

Thank you so much for your information ! really appreciate it !

Mat - Thank you for your great explanation of momentum ! learned a lot!

Matrix, congrats on your winning April month ! May this month be with us as well :) hahahaha !

Oh ya Matrix, pls do avoid KL area tomorrow. Anti GST rally will held in KL area. There are four main gathering points for the rally - KLCC, Sogo, Dataran Maybank and Masjid Negara.

Ops I mean Wong

Miracle

SKPetro- I used to trade this stock and I cleared my position on 8/4 which to protect my profit. The trend turn bearish after the engulfing bearish candle formed on 4/4 and drop until 11/4. The good thing is the inverted hammer formed on 11/4 which indicate the trend is now trading sideways. The immediate resistance is 4.4 and immediate support is 4.26. Strong support at 4.18. You have to decide whether you wanna cut the loss short or averging down.

SBCCORP - The price is quite volatile now. The support at 2.14 is very easy to break, if further sell down it may test 2.01 and 1.87. The market is driven by fear and greed. So like Matrix always say, we need to be discipline to every trade and plan before we enter into a trade (when to cut loss and when to take profit).


Matrix- congrats for your profit month :)

Novice8

Willow- Stage 2 accumulation stage. The trend looks great however the 3 black cows are expected to form today due to the market sell down. It just break through on 3/4 at 0.795. On 24/4, the price breakthrough 0.86 again. The price is expected to move sideway btw 0.795 and 0.86. Need to breakthrough 0.86 to test the TP1 0.915. Can consider bottom fishing :)

ahahaha. The market is so red ! lots of stocks really look attractive!! any stocks worth watching ?

Profitman- Dont worry. I would love to see your comment about it :) Want to how a good trader analyze a graph. Feel free to correct my view. Thank you !

Yuyu

Airasia- The bearish engulfing candle has formed on 24/4. Very bearish trend with an immediate support price of 2.23 and immediate resistance of 2.35. Any further selling tomorrow with volume, could see it trending toward to 2.23. Major support is at 2.18 which is the lowest price on 27/12. You might need to consider bottom fishing once things have stablize.

Mpay

I would consider this kind of trend is Parabolic trend like Dsonic trend. I usually use this kind of trend to do defend instead of attack. I find it very risky. But well, different ppl got different risk appetite and preference. Am not sure how high the price will go out. Just remember to lock in profit and set trailing stop loss.

CBSA-

Normally, I would avoid this kind of stocks because there is has always been less volume and suddenly spike. I believe someone tried to speculate it. If you want to enter this stock, you need to monitor carefully, afterall we are just a small fish. Selling presssure is high. If not mistaken, the three black crows will be formed tomorrow. Any further selling tomorrow with volume, could see it trending toward to 0.35. Major support at 0.33.

Ronaldo66

MEGB -An evening star just formed on 22/4, the selling pressure is high this few days. Turned bearish with an immediate support price of 0.41 and immediate resistance of 0.48. It has retraced more than 50% since the first broke out with volume on 24/03. Major support is at 0.375. Any further selling tomorrow with volume, could see it trending towards 0.41.

Roberto- Profitman did read the chart on 16/4

GHLSys: Has turned bearish with an immediate support price of 0.855 and an immediate resistance of 0.96. Made a MACD bearish crossover on 15/4. It has retraced more than 61.8% since it first broke out with volume on 24/3. Major support is at 0.80. Any further selling tomorrow with volume, could see it trending towards 0.855.

After reading

on 24/4, I believe the situation havent change much. The share price would still consolidate btw 0.84 and 0.895. MACD is still facing down. If you consider bottom fishing, you might want to cut loss on 0.80

Matrix - Congrats on your winning stocks. Seems like everyone manage to lock in profit for Padini. Am lucky enough to sell it at 2.04 ytd and managed to get 9%.

And thanks for your explanation about how you pick a stock. Keep things simple !! Too much analysis lead to paralysis !! ahhaha

K1- After forming evening star on 12/03, the price is trading btw 0.315 and 345. Now is stage 3 distribution stage, the price is volatile now. Need to break through 0.345 with volume and test 0.375. Strong resistance at 0.41. If you are thinking about bottom fishing, you might want to go out at 0.28.

Scomies- Stage 3 distrubiton stage, which trading btw 0.965 and 1.17. Three black crows are froming on latest trading day which indicate very bearish trend. you might not want to catch the falling knife. The sell volume is higher than buy volume which will test the support at 0.965. and might fall to uncharted territory 0.885.

Hohup- After the morning star formed on 20/3, the new bottom has found at 1.45. The price has been consolidating about 1months and it has just break throught 1.59 with volume. The gap up candle formed today which confirm a bullish trend. My tp is 1.81. congrats if you are holding this share :)

Matrix/Profitman, Feel free to advise and add in more inputs :) Thanks!

Joylous

Hovid- it has been trading sideway from dec till april and it formed a flag. The strong resistance at 0.365/0.8 and support at 0.325. A break through above the flag 0.38 with volume may take it to the next target at 0.42. if you are thinking bottom fishing, you might want to cut loss at 0.325 if violated.

Feel free to add in more input :)

Matrix,
Welcome back to Malaysia. Thanks for inviting us for the gathering dinner. Would love to attend !

Matrix - Have a good trip !

Brendon- Mahsing,It just break through 2.22 resistance line and 2.22 become it strong support line now. The trend is quite bullish which the Bullish engulfing candle just formed on 16/4. Further volume to break through 2.32 and test 2.39. Support line 1 is 2.22 and support line 2 is 2.14.

FYI, this is not a recommendation to buy or sell. This is just a simple guideline :) We are here to be a better traders or investors :)

Hepi- Eah,It has been trading in a rectangular since november until now. There are a few time, it try to break through 0.22. I believe 0.22 is a very strong resistance. Further consolidation might occur if cant break through. Once it break through the 0.22, 0.245 is the immediate resistance and TP1 would be 0.26. Support 1 is 0.19 and Support 2 is 0.165. However, in term of indicator seems like the moving average almost touch each other. and MACD is crossing above 0. So depends on what kind of TA investor you are :)

Profitman, as usual pls feel free to add in more your inputs thank you !

Brendon- In my humble opinion, the graph looks a big U-shape to me. It is very bullish trend and I expect the trend will go higher once it breaks 3.23. After breaks 3.23, it will test 3.33 and also 3.53. Strong support at 2.9.
Profitman, please add more your detail opinion :) thanks !

Matrix, congrats for all the profit taking ! "If you dont sell, the money is never in your pocket." like this quote very much! thanks for all the analysis ! Had a rough week due to personal issue. Will keep track on your posting :)

Good night and have a good day tomorrow !

Matrix - Just wondering why you locked in some profit now ? I saw the volume pretty decent right now. I also got Padini around your price :)

Matrix - Thank you so much for you information :) appreciate it !

Matrix- Can you share how you actually buy a stock ? from what I noticed, you normally buy the stock in Stage 2 when the stock price are dips and near the support line. And also, you scale higher when the price is moving (averaging down or top). Besides, stable volume also one of your consideration.

Please feel free to share more :) I wish you could share us the fishing skill instead of giving us fish :) Thank you !

Welcome back Matrix ! have been very busy lately to look at the chart.

Congrats on your march trade !

Profitman - Just wondering why you used weekly chart for Ulicorp ?

Matrix - Welcome back !

Dsonic & Inari - They both are having a very bullish trend. But right now the chart looks like a Parabolic Reversal trend to me. However, we dunno when the uptrend will end, just need to be more cautious. A negative catalyst might create a massive panic.

FYI Affin give Inari TP 3.33. Is it too good to be true ? We will watch it :)

Pls feel free to add in more input ;)


Matrix - Have fun in Busan. I heard the view is fantastic. Please show to us when there is a gathering dinner in KL. ( inviting myself to the gathering) hahaha

Profitman - Thanks for your further input. I used to trade this share as well. Sold off last few weeks and plan to re-enter again but due to the three black crows. Good price to enter :)

Jacky197- Matrix did post about it last few days go.

"BARAKAH--- AV Price=$1.525 (Closing=$1.55, P&L=+2 %), Stop Loss=$1.43. Risk= -6.3 %. Tp1=$1.60, TP2=$1.66/$1.70. (Exp Trading Range $1.50 to $1.60).
NOTES: It may have found a new bottom at $1.50 and has been consolidating between $1.50 to $1.60 for the past 3 weeks.The upward momentum has increased and it is expected to test my TP1 of $1.60 soon.
A break above $1.60 (Signal BUY I may scale in more shares) to the next TP of $1.66/$1.70.First sign of real weakness if $1.50 is violated and Exit if $1.43 is violated. Price and RSi keep forming Bullish Divergence imply some accumulation is on and the undertone is stronger than thought. "

I believed the situation still remain the same. Nothing has changed yet

Matrix & profitman - Sorry, I feel like asking a few question on padini. I thought today candle form the Three Black Crows and indicate a bearish trend today. But I did noted there are more buyers than seller. Just wondering what make you guys start collecting the padini ?

Matrix - Have a good trip !!

profitman - Wow !! Congrats !! I only managed to lock in 4% day trade for Insas. Hahaha wasted !! and also thanks for you further input !

Matrix - Have fun for your trip ! and thank you for your further input too !

AFG- Stage 4 of the cycle ( Mark Down Cycle). It is a very bearish( declinling ) flag in a down trend from September 2013(evening star) unil now so unless it can break above this line it is expected to trade sideways. It will further test immediate support at 4.10 and strong support at 4.03.

ILB - such a huge gap to fill (I believe the company sold the main operation?). It is trading in rectangle trend between 0.70 to 0.80. A break above 0.80 with volume may take to test the immediate target of 0.835. 0.92 is the TP 2.

Nylex- It is a very cylincal stock. Well, it has just break out from symmetrical triangle and form bullish trend. Dragonfly doji indicate a upward trend on 04/03. A break above 0.67 with volume may take it to its immediate target of 0.69 with strong resistance 1, 0.59 and resistance 2,0.55. The dark cloud cover formed at the last trading day. This may indicated the end of bullish. The price may consolidate and move sideways. Need to wait for the next day candle.

LONBISC - It has been trading between 0.65 and 0.7 for almost 6 months. It broke out the 0.7 with strong volume on 5/3 after that the price went into correction unitl the inverted hammar was formed on 14/03. It is a bullish uptrend now with strong volume support. A break above 0.79 with volume may take it to TP 0.82. Resistance 1 is 0.745 and stronger resistance is 0.715.

Matrix, Please add in more your inputs. And guys please feel free to correct me if I did any mistakes here.

Good Night !

ProfitMan - Yup it is. Tweezer top or bottom look like chopstick.

Novice8- Well, I wouldnt say the 13/3 is long legged doji because the the lower shadow is not long enough(Same goes to the shooting star). Even if that is a long legged doji, there is a chance of the share price to move sideways as well but less likely lah.

Profitman-Congrats on Prtasco. Latittude has a strong fundamental and good looking on TA. I noticed it last few days ago but didnt do any action. will wait for the dips.

Matrix - about gunung, will you consider there is a small V chart shape? I will do the day trade based on the volume of the day. still learning :)

Good Night

Is time to do some reflection in my portfolio. I realized I quite emotional sometime and need to be more discipline !!

Over pass few days, I have been selling off some of my stocks and try to be less diversified.

XDL - purely emotional and think can make big bucks of money over there but ended up lost quite a lot. Should have cut loss early once the price violated. I keep hoping the stock can go still go up. Lesson learnt ?

OCK - did the day trading today. very satisfied with the result.

SKPETRO - Went in last few days because of the dragonfly doji. Will test 4.30 if nothing goes wrong (News & Macroeconomic)

# Am still learning how to make the profit consistently and keep the losses low.

Matrix - wow, your life is so so happening ! congrats !

Profitman - Crypus sounds like a wonderful place to visit!

Well, this few days have been very busy to settle some personal stuffs. Congrats to all winners !!

wow, seems like I miss out quite a lot of things in this thread. Very disappointed to MU's performance last night. Liverpool deserved the win !!

Novice8- sure you can call me SF. congrats for the profit in orna.

Matrix - Looks like you had a good day !!

Profitman- Many thanks for the T-share explanation

Jacky187- Formed a Tweezer Tops pattern from 10th to 11th March. The price drop since then. Is a very bearish trend. Don't have much data to do the support and resistance since it just IPO. I am still learning TA from all of you! Let's improve together !

Novice8- Let me try to answer you with my own understanding. The color of the candle is not important for hammer. Yes, further confirmation required the next day whether the hammer is hanging man. I think the concern of Matrix is the declining of volume and formed the hanging man might lead to a downtrend. Correct me if I am wrong, Matrix.

Matrix- I am impressed with the your discipline. I actually thought the Padini's party just started. Will more cautious on the volume.

ProfitMan- Thanks for your detail analysis. We are in the same boat now hehe. Any nice stocks you are monitoring now ?

Matrix- Thanks for your guidance. I wish I have half of your skills and knowledge! Any nice stocks you are monitoring now ?

Jacky187,

Yup you are right. Next resistance would be 0.93. can derive TP 1 as 0.93 and TP 2 as 0.95. TP is important but don't let TP to restrict you.
Let the profits run and cut losses short.

Matrix,

11th March 2014

Padini - I entered Padini last week Thursday. I saw the MACD and stochastic are in upward trend. Yup it is expected to break 1.90 soon and test 1.95 resistance line and there is 1.84 strong support.

Rsawit - I entered Rsawit on yesterday. very tempting entry price, stochastic and MACD are very good in place. It just break the 0.88 and test 0.90 to my next TP 0.95. The reason I bought this share is recovering CPO price and the pattern of the price of rsawit is similar to CPO price.

Fitters - Very disappointing price movement. I bought it at high price long time ago and expect to sell it higher to clear of my position.

XDL - Buy based on volume and expect to sell higher on 11/3/2014. Well, it doesn't go what I expected. am still holding it. Luckily there is changes of board directors. Perhaps there will have some momentum for this stock.

Please feel free to give some comment on them, Matrix !!

Thanks !

Matrix，

Thanks for your opinion on day trade. Well, I did try day trade today with XDL due to my curiosity and greedy but it doesn't goes very well. Any books to recommend to read ? Seems like I need to improve myself. Do you mind I share my trading journal in your discussion topic ? Wish you can give me some comment about it :) thank you !

Matrix,

Wow for the day trade !! Any criteria to do the day trade ?? wish to learn some skill from you !

Matrix,

Welcome back ! any good momentum stock spotted next week ?

Vivi,

Based on my humble opinion,

Huayang is definitely a good company. In TA, there is a reversal trend for Huayang. But will it last long ? The resistance is very strong at 1.86. Once it breaks through, it might fly up high. MACD and Stochastic are positive. There are a few doji indicate that there might be a reversal trend. So wait for the signal to enter hehe !

About Sunway,I guess there might be a price plugging tomorrow because of the long legged doji with high volume. MACD and Stochastic are having downtrend as well.

Please correct me if I'm wrong :)

Happy Trading !

sure no problem ! I will give it a try :)

Matrix,

Thanks for your further explanation. Yup I agreed with every trader need to have a plan and most importantly need to know how to cut losses.

Sorry again, I thought all hammer candle should have at least twice of the real body ? or am I just too theoretical ?

Matrixcool,

Thanks for your kind and generous sharing! I am still new with TA.
I wish I could learn more from you.

Just wondering why enter redtone at 0.655 ? Based on my foolish opinion, there is a strong support at 0.64 and a strong resistance at 0.67. The price haven't break out to 0.67. Still consolidating.

MACD and RSI is showing downtrend.

Is that Harami Candle on 3/3 to 4/3 ?

Thank you so much for taking your time to read my comment :)