Morning all.

Companies in the News:
1-HLB saw its net profit in 2QFY16 fallen 37.6% to RM344.08 million or 19.43 sen per share, on higher operating expenses, higher charge on allowance for impairment losses on loans, advances and financing, coupled with lower share of profit from associated company.

2-HLFG saw its net profit fallen 37.8% to RM263.45 million or 24.5 sen a share in 2QFY16, mainly due to lower contribution from its banking and insurance division.

3-HLCap net profit for the 2QFY16 jumped 41.2% to RM22.31 million or 9.25 sen a share, due to higher contribution from its investment banking and stockbroking segment.

4-Nestle's 4Q net profit rose 2% to RM99.79 million, profit rise came on revenue growth during the 4QFY15.

5-MSM's net profit fell 11% to RM66.73 million in 4QFY15, as gross profit declined on higher cost of sales.

6-Yong Tai will kick off its Impression City development in Melaka in the 3Q of this year, with the first phase carrying an estimated GDV of RM1.1 billion.

7-Unisem’s net profit jumped 185% to RM60.42 million in 4QFY15, profit rose on higher semionductor sales, amid a weaker ringgit against the US dollar.

8-RGB’s net profit rose 42% to RM4.26 million in 4QFY15, on higher electronic gaming machine sales.

9-Lay Hong reported a 34.2% fall in net profit to RM4.15 million or 8.06 sen per share in 3QFY16, due to lower egg prices and sales volume.

10-TGOFFS posted a net loss of RM26.35 million in 4QFY15, as the oil and gas support services provider registered lower revenue and higher operating expenses.

11-Mitrajaya has been appointed as the developer for the 1Malaysia Civil Servant Housing Development (PPA1M) by Putrajaya Homes Sdn Bhd, worth RM157.32 million.

12-Tan Chong saw its net profit fall 40.3% to RM5.18 million for 4QFY15, due to a declining ringgit against the US dollar and intense competition.

13-Lower contribution from the property development segment has dragged FIAMMA's net profit down by almost 67% to RM2.57 million or 1.89 sen per share for 1QFY16.

14-Kian Joo’s net profit shrunk 34% y-o-y to RM23.48 million or 5.29 sen per share in 4QFY15, due to forex loss, goodwill write-off, as well as higher operating and finance costs.

15-MMC Corp's net profit fell 25% to RM149.95 million in 4QFY15, as revenue fell after the deconsolidation of Malakoff Corp Bhd's income.

16-Gas Malaysia saw its net profit fall 56% to RM10.27 million or 0.8 sen a share for 4QFY15, weighed down by additional billing for price differential between market prices and regulated prices for liquefied natural gas volume supplied from its gas supplier.

Happy Trading!

Morning all.

Dow closed +228.67 pts (+1.40%) @ 16,620.66 pts. Wall Street started off the week on a strong footing with the Dow coming off its technical bear market territory. On the broader market, the S&P 500 rose 1.5% with all the ten main sectors ended with a positive tone, led by the energy sector (+2.5%) after U.S. oil rigs count fell for the ninth straight month.

Despite the strong gains in key regional indices, the FBM KLCI, however, buck the positive sentiment to close marginally lower yesterday. The MACD Histogram has turned red, but the RSI continues to hover above the 50 level. The immediate resistance will be envisaged around the 1,700 level. Support is pegged around the 1,600-1,630 levels.

Sector: Technology, Oil & Gas

Technology: DUFU, KEYASIC
- Oil & Gas: WASEONG, COASTAL, UMWOG
- Others: SOLID, KIMLUN, STONE, WTK

Potential Momentum Stocks:
- DUFU (7233): Monitor for a breakout above the RM0.55 level. TP: RM0.60-RM0.67. SL: RM0.52.
- WASEONG (5142): Price has breakout above the RM0.845 level. TP: RM0.92. SL: RM0.785.
- STONE (7143): Price experienced a breakout above the RM0.385 level. TP: RM0.425-RM0.50. SL: RM0.365.

Source: M+Online

Morning all.
Dow@15,988.08 pts. U.S. stockmarkets was closed for the Martin Luther King Jr. public holiday. Meanwhile, European benchmark indices closed lower after the European Central Bank begun its probe into financial institutions with high exposure to bad loans.

The FBM KLCI closed lower yesterday to mark its third consecutive losing streak, taking cues from the weakness in global stockmarkets. The MACD Histogram has extended another red bar, while the RSI is approaching the 30 level. The immediate resistance will be envisaged around the 1,660 level. Support is pegged around the 1,550-1,600 levels.

Sector: Technology
Technology: ELSOFT, CWORKS, JHM
Others: SKPRES, EVERGRN, MUHIBAH, CEPCO, CAB

Potential Momentum Stocks:
JHM (0127): Monitor for a breakout above the RM0.50 level. TP: RM0.565-RM0.60. SL: RM0.44.
MUHIBAH (5703): Price has formed a BPC formation above the EMA20 level. TP: RM2.50-RM2.76. SL: RM2.17.
CAB (7174): Monitor for a breakout above the RM1.77 resistance level. TP: RM2.00-RM2.20. SL: RM1.63.

Source: M+Online

Dow closed +227.64 pts (+1.41%) @ 16,379.05 pts. The U.S. stockmarkets rebounded overnight as the S&P 500 and Nasdaq Composite increased 1.7% and 2.0%, respectively. Owing to the jump in crude oil futures, the energy sector outperformed all others amid the rise in all ten main sectors on the broader market.

Concurrently, the FBM KLCI registered some losses yesterday on the back of a negative market breadth. The MACD Histogram has extended another red bar, while the RSI broke below the 50 level. The immediate resistance will be envisaged around the 1,660 level. Support is pegged around the 1,600 level.

Sector: FBM ACE, Consumer
FBM ACE: BIOHLDG, PLABS, ESCERAM
Consumer: PADINI, NIHSIN, YEN, OLDTOWN, CIHLDG
Others: N2N, COMFORT, ENGTEX, HALEX

Potential Momentum Stocks:
CIHLDG (2828): Monitor for follow-through buying interest above the RM2.62 level. TP: RM2.85-RM3.00. SL: RM2.50.
HALEX (5151): Price closed above the EMA 9 level with improved volumes. TP: RM0.75-RM0.85. SL: RM0.655.
ENGTEX (5056): Price remained well supported above the EMA 9 level. TP: RM1.47-RM1.55. SL: RM1.26.

Source: M+Online

Morning all. Another green trading day :)
Dow closed +117.65 pts (+0.72%) @ 16,516.22 pts. The U.S. stockmarkets ended positively overnight as the S&P 500 and Nasdaq Composite snapped an eight straight losing sessions, while the Dow extended its gains for the second consecutive sessions amid the fall in crude oil prices. Gains on the broader market was led by technology and health care sectors. 

Concurrently, the FBM KLCI rebounded with some positive gains yesterday on the back of bargain hunting activities. The MACD Histogram has extended another red bar, while the weekly RSI hovers below the 50 level. The immediate resistance will be envisaged around the 1,700 level. Support is pegged around the 1,600-1,630 levels.

Sector: FBM ACE, Trading/Services, Industrial Products

FBM ACE: TEXCYCL, AEMULUS, KTC
Trading/Services: OWG, PBA, CENTURY
Industrial Products: BIG, TEKALA, KIALIM

Others: OLDTOWN, FIBON, KEINHIN

Potential Momentum Stocks:
ECONBHD (5253): Monitor for follow-through buying interest above the RM1.09 level. TP: RM1.15-RM1.20. SL: RM1.03.
ATURMJU (7181): Price closed above the EMA 9 level with improved volumes. TP: RM0.75-RM0.80. SL: RM0.65.
OCNCASH (0049): Price made a breakout above the RM0.46 level with high volumes. TP: RM0.50-RM0.525. SL: RM0.435.

Source: M+Online

Morning all. Dow closed +52.12 pts (+0.32%) @ 16,398.57 pts. The U.S. stockmarkets ended mostly unchanged overnight amid the drop in crude oil prices which fell to its 12-year low. Consequently, energy sector led the losses on the S&P 500, while materials sector was the second-worst performer.

Meanwhile, the FBM KLCI fell into the red yesterday on the back of a decline in crude oil prices and downgrade on its economy outlook. The MACD Histogram has turned red, but the weekly RSI broke below the 50 level. The immediate resistance will be envisaged around the 1,660 level. Support is pegged around the 1,600-1,630 levels.

Sector: FBM ACE, Consumer, Industrial Products

FBM ACE: EDUSPEC, OPCOM, OMESTI
Consumer: FPI, YEN, EMICO
Industrial Products: BIG, SCIB
Others: YONGTAI

Potential Momentum Stocks:
EMICO (9091): Monitor for follow-through buying interest above the RM0.37 level. TP: RM0.43-RM0.465. SL: RM0.32.
YONGTAI (7066): Price closed above the EMA 9 level with high volumes. TP: RM0.83-RM0.90. SL: RM0.73.
ENGTEX (5056): Price made a breakout above the RM1.32 level with high volumes. TP: RM1.46-RM1.60. SL: RM1.25.

Source: M+Online

Morning Buzz-06Nov15: Dow closed -4.15 pts (-0.02%) @ 17,863.43 pts. The U.S. stockmarkets booked its second consecutive session of losses overnight ahead of the jobs report – which is due to be released on Friday. On the broader market, energy, utilities and materials led the sectors decliners, while consumer discretionary and financials outperformed.

Meanwhile, the FBM KLCI managed to extend its gains for the third straight session yesterday amid the slightly positive market breadth. The MACD Histogram has extended another green bar, while the RSI hovers above the 30 level. The immediate resistance will be envisaged around the 1,700-1,720 levels. Support is pegged around the 1,640-1,660 levels.

Sector Focus: Construction, Consumer

Construction: SENDAI, BENALEC, IKHMAS, HOHUP
Consumer: HUPSENG, JERASIA, PENSONI

Others: MGRC, BOXPAK, ASIAPLY

Potential Momentum Stocks:
SENDAI (5205): Monitor for follow-through buying interest above the RM0.855 level. TP: RM0.95-RM1.00. SL: RM0.775.
JERASIA (8931): Price formed a breakout-pullback-continuation above the EMA 9 level. TP: RM1.00-RM1.17. SL: RM0.79.
ASIAPLY (0105): Monitor for a follow-through buying interest above RM0.70. TP: RM0.79-RM0.85. SL: RM0.67

Source: M+Online

Market Wrap–04Nov15:
KLCI closed +8.06 pts (+0.48%) @1,685.62 pts. Owing to the gains in O&G and financial heavyweights, the FBM KLCI extended its gains for the second consecutive session. Meanwhile, the lower liners and broader market also ended in the positive territory with the exception of Mining sub-index (-2.3%). On the FBM KLCI, there are 19 advancers, 5 decliners and 6 traded unchanged. WTI Crude oil price stood at US$47.84.

Volume: 2.67 bln (3-month avg vol: 2.18 bln) & Value: 2.47 bln ⬆️:558, :⬇️333
FCPO+RM52@RM2,362/DowFut+28

Active stocks:
HIBISCS+2.5sen@RM0.365, IDMENSN-1.0sen@RM0.11, TMS+0.5sen@RM0.105, KNM+0.5sen@RM0.53

Potential stocks:
RUBEREX+3.5sen@RM0.82, price continues to close above the EMA 9 level with surge in volumes. The MACD Histogram has extended another green bar.
YSPSAH+10.0sen@RM2.67, price broke above its RM2.65 resistance level with surge in volumes. The MACD Histogram has extended another green bar, while the RSI hovers above the 50 level.
LEESK+1.5sen@RM0.32, price surged above the EMA 9 level with improvement in volumes. The MACD Histogram has extended another green bar, while the RSI hovers above the 50 level.

Source: Bloomberg, M+ Online

Hi Duit, hope you had a good lunch. Thanks for dropping by. We always appreciate your presence and input in this thread.

Good afternoon tsy88, AllWin and all. Hope everyone is in good health and trading well. Another green day in Bursa! Happy Trading...

Market Wrap–3Nov15: KLCI closed +13.49 pts (+0.81%) @1,664.07 pts. Following the strong gains in regional markets overnight, the FBM KLCI closed the session higher as there were 26 index-linked heavyweight gainers on the key index. Meanwhile, the lower liners also ended in the positive territory with the exception of Construction Index which fell 0.6%. On the FBM KLCI, there are 26 advancers, 1 decliners and 3 traded unchanged. WTI Crude oil price stood at US$46.34.

Volume: 2.80 bln (3-month avg vol: 2.05 bln) & Value: 2.26 bln ⬆️:520, ⬇️:357
FCPO-RM22@RM2,309/DowFut-19

Active stocks:
HIBISCS-17.5sen@RM0.34, XOX-4.0sen@RM0.245, FOCUS+1.0sen@RM0.085, RGB@RM0.185

Potential stocks:
POHUAT+9.0sen@RM1.57, price closed above the EMA 9 level with higher volumes. The MACD Histogram has turned green, while the RSI has just crossed above the 50 level.
D&O+2.0sen@RM0.40, price continues to close above the EMA 9 level with surge in volumes. The MACD Histogram has extended another green bar, while the RSI hovers above the 50 level.
MINHO+6.0sen@RM1.36, price closed above the EMA 9 level with improvement in volumes. The MACD Histogram has turned green, while the RSI hovers above the 50 level.

Source: Bloomberg, M+ Online

Good morning Profitman and all. Hope everyone is faring well. Bursa turning green and hope it will closed in green today after have been on losing streak for 6 consecutive times.
Hope everyone will have a great trading week ahead!
Happy Trading...

To Connie and all - Selamat Hari Raya Aidlifitri and Happy Holidays...

Those travelling, please drive safely.

May all continue to huat next week. Cheers!

Selamat Hari Raya Aidlifitri to all Muslim friends... Yes, those travelling, please drive safely.

To others, bro Duit and sis Connie - Happy Holidays!

May all continue to huat next week. Cheers!

Morning all and hope everyone is fine and profiting.
Connie - realised that you are not well. Just dropping by to wish u a speedy recovery and be well soon. Take care.

Congrats tsy88 and all Ifcamsc holders! :)

Hi michaelwoo,
To me, the Fibonacci analysis is one of the method that can be used to determine the support and resistance levels. It is helpful to identify price targets. Hence, learning it will help us to have better entry and exit price.
Others here may have more to input on Fibo.

Happy Trading...

Dunknow, glad it is helpful... :)

Hi connie & invest88,
Thanks for your kind comment. We are just doing our best here to help and learn from one another so that we can trade more successfully.

Wishing you and everyone a happy & profitable trading ahead! :)

Hi Dunknow,

Apr 12, 2015 02:56 PM

Hi Profitbro.....wanna kacau u again....as u guide us earlier,there is 4 stages in market....when the stock enter the 2nd stages which is bullish,is it possible for them to pull back to stage 1?how often this will happen?or after 2nd stages,how long they will stay there before stage 3 take place which is volatile?many sorry to kacau u in this wonderful weekend and many thanks for assist us.....kam Siah....

*********
I would like to share my thoughts on your question. I will touch a bit also on the characteristics of the 4-stage cycle.
Stage 1 is formed right after a relatively prolonged downtrend. The stock in prior has been going down (stage 4) but now it is starting to trade mostly sideways in tight trading range forming a base. Eventually, it will break out into Stage 2 and begin the trend up where it will form higher highs and higher lows. That is why you can find bullish pattern like double bottoms, inverted head & shoulder, etc. in Stage 1 where once the pattern is confirmed (breakout), it will starts the bullish Stage 2.
Stage 2 will not move back to Stage 1 because by the characteristics of the cycle, Stage 1 happens after downtrend as mentioned above and not otherwise.
There is no definite timing of how long Stage 2 will last but you will know it has ended when it begins to trade sideways moving to Stage 3 as explained below.

When it begins to lose momentum to the upside in Stage 2 after hitting relative new high, it starts to consolidate and trend sideways forming Stage 3. The price movement in this stage can be very volatile. Thereafter, when the stock breaks down, it will moves to Stage 4 downtrend where lower highs and lows will be formed. All traders should avoid this stage. You will find bearish pattern in Stage 3 like Head n Shoulder, rising wedge, double tops, etc. where once the pattern is confirmed (breakdown), it will starts Stage 4. You can see this is the opposite of Stage 1.

Please note that it is possible to have breakout (upward) during Stage 3 instead of breakdown, breaking its previous high and goes back to Stage 2 again. This means that Stage 3 consolidations can either form a top and lead to a Stage 4 decline, or simply a trading range that develops into another Stage 2 advance.

Hope this is not confusing to you. I strongly suggest that you read up (from books or website) the 4-stage cycle to understand better. I believe it will help you to trade wiser and more profitably after understanding the whole cycle better.

Happy Trading…

Hi inwest88,
Good to hear from you too. Thanks dropping by. :)

Hi MainBesar,
YGL:
It is currently trading sideways between support line at $0.285 and resistance line at $0.315. Breaking above $0.315 with volume will have a bullish implication (buy signal) which will take it to an estimated TP1 of $0.345 and TP2 of $0.385. However, it will find resistance at $0.335 and $0.355 respectively in its uptrend. Stop loss if $0.28 is violated.

Happy Trading.

Hi rob_z3_man & cityplus,
MPAY:
It is currently under consolidation. It formed a doji on 03/04 and started to pull back a bit to current support line of $0.29. If it breaks below that, it will find next strong support at $0.275. The selling pressure is reducing and if it trends upwards again, it will find immediate resistance at $0.305 and $0.325 respectively before it can move further up.
Do take note that it has a bearish Price/RSI divergence. Stop loss at $0.27 if violated.

Happy Trading.

Hi lctay81,
JASKITA:
It is currently under consolidation between support line at $0.16 and resistance line at $0.18. It is likely to moving sideways for awhile unless there is good news to invite much buying interest to break its immediate resistance $0.18/$0.185. Breaking above $0.185 with volume will have bullish implication. Immediate support is at $0.16 follow by $0.15.

Happy Trading...

good one duit... Tks!

Good morning tsy88/Dunknow/invest88/johnny & all. Hope everyone had a good and wonderful CNY holiday and rest. Happy Trading.

Hi connie, skyhawk, tm932, rchi and all, wishing you a very Happy and Prosperous Chinese New Year of the Goat 2015!! May you and family be blessed with good health and longevity. GongXiFaCai!

Hi Dunknow, tsy88, duit and all, wishing you a very Happy and Prosperous Chinese New Year of the Goat 2015!! May you and family be blessed with good health and longevity. GongXiFaCai!

Simon84 and all, just dropping by to say hello. Very good discussion happening here. WIsh all huat in 2015.

Duit - congrats on your tenaga warrant holdings. Really ada tenaga!

En. duit, whoa... besarnya duit's "duit". Terima kasih manyak2.

Wonderful CNY to you and family. May you hit even higher profit than before for this new year 2015!! We bless others as we are blessed. Gonghe gonghe....

Hi Equitysniper,
HOVID:
It has a very bullish implication when it gapped up with an opening price of $0.38 on 30/01 and break above $0.395 with huge volume. It tested its immediate resistances at $0.425 thrice last 3 trading days but failed to break above it. However, the uptrend is still intact and based on its candlesticks and buying volume against selling these last few days, it is likely to re-test and break above $0.425 and will then able to scale further upwards toward its next main resistance at $0.44 and $0.46 respectively. Any weakness will find its immediate support at $0.40 follow by $0.39. If interested, these support areas can offer opportunity to collect to ride on future uptrend.
Depending on your risk profile, stop Loss if $0.385 is violated.

Happy Trading.

Hi Dunknow,
EKOWOOD:
It is currently in consolidation. After failing to break and close above the resistance at $0.26, it had a pull back and currently consolidating with an immediate support at $0.225. Any weakness due to further selling pressure will find next support at $0.22/$0.215. Any reversal upwards will meet resistance at $0.235/$0.24 before able to re-test $0.26 again.
Stop loss if $0.215 is violated.

Happy Trading.

Hi tsy88, very happy to hear that you are in good health. Hope you and everyone is pocketing $$ from Bursa.

Hi duit.. you're not sleep yet?
I'll only be on holiday from 18th onwards and back to work following Monday. Ya, CNY childhood was the best... Care free and always having fun. Those days...
Anyways, I wish you a very big angpow for coming CNY.
Signing off... gnite.

Hi johnny cash,
IFCAMSC:
Yes, it is bullish and trending upward in uncharted territory. However, please note that both Price and Volume has started to form Bearish Divergence. The price may still goes up but if you are currently holding this stock, please set a trailing stop to protect your profit in case there is a big pull back. If you are not but intending to get some next week, please be very cautious before you do so due to the potential risk. Any pull back will find its immediate support at $1.11 and $1.05 respectively.

Happy Trading.

Good evening tsy88/Dunknow/duit. Hope you guys are doing fine. CNY approaching. Hope everyone will have a big angpow next week.
Have a good weekend.

Hi sunshine55,
KAREX:
The stock is bullish after breaking above its resistance at $4.03 yesterday. As long as it stays above $4.03, the uptrend is intact and is expected to move towards its TP1 at $4.17. This is considered uncharted territory after price adjustment on 26/03 due to bonus issue. Its immediate support is at $4.03 and further weakness after that will find next strong support at $3.94.
Stop loss if $3.89 is violated.

Happy Trading.

Hi kingcobra,
KTB:
It had a bullish implication when it broke above $0.37 on 29/01 with good volume. However, after hitting a high of $0.40 on the next day, it closed lower at $0.38, failing to overcome its immediate resistance at $0.385 due to high selling pressure. The selling seems to have diminished and today we can see better buying volume though it is not above 30days MA. As long as it remain above $0.37, it is expected to break above $0.385 and then likely to test its next resistance at $0.40 and $0.43 respectively before it can scale further upwards.
Stop Loss if $0.365 is violated.

Happy Trading.

Hi sunflower22,
SMRT:
The stock is in consolidation with an immediate support at $0.585 follow by $0.545. Its immediate resistance is at $0.605 which it tried but failed to close above it today due to lack of buying volume. Breaking above it will take it to the next strong resistance at $0.62/$0.63 before it can re-test $0.675. Breaking above $0.675 with volume will have bullish implication which gives an estimated TP of $0.77.
Stop loss if $0.58 is violated.

Happy Trading...

Hi kc18,
PMCORP:
The stock is in consolidation. The price has been decreasing in the last few trading days but the selling volume seems to be reducing as well. Currently it has found a temporary support at $0.285. Any weakness will find the next strong support at $0.265. Any upward movement will find immediate resistance at $0.315. Breaking above it will have bullish implication which gives an estimated TP1 of $0.345 follows by TP2 at $0.365/0.375. However, it has to break above next resistance at $0.335 before it can scale higher.
Stop loss if $0.265 is violated.

Happy Trading.

Hi tsy88, Dunknow and all - A very good morning.
DJI gone up 323 points with stabilising crude oil price at the moment... May all have a great profitable day. Do remember to set trailing stop to protect your profit ya.

Happy Trading!

Hi Dunknow,
KSL-WA:
The stock is bearish. After the bonus issue of 1:1 on 17/12 and price adjustment, it went to a high of $1.22 on the next day but closed much lower at $1.07. The stock has tried to push higher on the following 2 days but has been resisted by the sellers. On 23/12, the bear took over and has been on downtrend ever since. The price gapped down today due to bearish market sentiment which is affected by weaker crude oil price and unless recovers, it will be hitting new low today. Though the RSI is in oversold but we are not sure where is the bottom before any reversal. Any upward movement will find immediate strong resistance at $0.97 follow with $1.05 and $1.13/$1.15 before it can re-test its previous high after bonus issue.

Happy Trading.

Dear connie, skyhawk, rchi, trustme932, sephiroth, yong888, duitKWSPkita and ALL,
A Blessed and Wonderful New Year to everyone.

Happy Trading always. Cheers!

Hi bombastic,
AAX:
It is currently under consolidation with a gap down yesterday due to the recent unfortunate and tragic disappearance of AA flight QZ8501. The price has moved up a bit today but due to low volume, it couldn’t close above its immediate strong resistance at $0.65. If this resistance is broken with further upward movement, it will then needs to close the gap by breaking the next strong resistance at $0.67/$0.68 before it can scales further up. This would require much higher buying volume to support such upward movement.
Any further weakness will find its immediate support at $0.645 follows by a strong support at $0.61. Stop loss if $0.61 is violated.

Happy Trading and a Great New Year 2015.

To all - have a Blessed Christmas and a Joyous, Healthy and Prosperous New Year 2015!!

Take care tsy88. May you have both good health and wealth. :)
God bless.

Hi Charlene Everett,
TCB does not give any recommendation to buy/sell/hold any counters. However, just to share a viewpoint which Profitman has mentioned before that in general, to hold a position or not depends on your risk profile and trading strategy for the counter. If the growth prospects are good for Dsonic, it may make sense to hold for the medium term on the assumption that it will recover its value over time. If not, you may want to consider releasing the capital for other trades with higher profitability chances or even to re-enter this stock when its price has settled to a new low price level.
However, DSONIC is currently at stage 4 of the cycle which is very bearish. It is a stage where all traders should avoid at all time. Today, it has broken below its previous 52 weeks lowest of $1.28 by closing at a new low at $1.21. It is unclear when the price will reverse upwards. Hence, do consider carefully and make your decision to avoid further losses.

All the best and Happy Trading.

Hi master_tan,
PRTASCO:
It is currently under consolidation between support line at $1.58 and resistance line at $1.73. Breaking above the resistance of $1.73 will have bullish implication. Next resistance is at $1.77 and $1.81 before able to scale further upwards. Further weakness and the support line of $1.58 is broken, it will find the next strong support at $1.51. Stop loss if $1.50 is violated.

Happy Trading.

Hi hanis,
DPS:
It is currently under consolidation between support line at $0.125 and resistance line at $0.145. Breaking above the strong resistance of $0.145 will take it to the next resistance at $0.16/$0.17 which will have bullish implication to move upwards to re-test the previous 52-weeks highest at $0.185 and beyond. If the support line of $0.125 is broken, it will find the next support at $0.11. Stop loss if $0.11 is violated.

Happy Trading.

Hi tsy88, kenix83, farue, you are most welcome. Totally agree with Profitman that we are all here to learn from each other so that we can trade better and profitably. So, don't only feel free to ask but also, please share your views as we welcome them all here in TCB.

Have a great weekend everyone...