Good morning and happy trading everyone.

Matrix - thanks for adding a good point on trailing stop.

Hi kenix83,

I would like to share my view on your question:
Both Stop Loss (SL) and Trailing Stop (TS) are exit strategies in trading plan. Both are about selling your stock if the price changes direction and reaches certain predetermined price.
A SL is a price you have set when the price of the counter you bought goes down instead of up from your entry/purchase price. One of the usual SL is at a price where a certain main support price level is violated (broken lower) which indicates the stock has turned bearish (more downward price movement ahead). Hence, there is no reason to remain in the position. You want to be out quickly (exit) with an acceptable loss rather than potentially ending up with an unacceptable and possibly huge loss. This SL price is usually fixed and does not change.

A TS is a stop price that you have set to protect your gain when the stock starts to pull back from its upward movement. It is a stop price set at a defined $ amount or percentage (trailing amount) below the current market price. As the stock price rises, the stop price rises by the trail amount, but if the stock price falls, the stop loss price does not change, and you will sell the stock (exit) when the stop price is hit. So, unlike Stop Loss, TS price is not fixed. It keeps going up so long the stock price is moving upwards but not vice versa.

I hope my sharing is not complicated and you find it helpful.

Happy Trading...

Hi sunflower22,
EXTOL:
Bearish after breaking down from its uptrend line on 14/11. It formed a bearish engulfing pattern that day and had some pull back and currently seems to be consolidating sideways with an immediate support at $0.30. For the moment, it has found a bottom at $0.25. Further upward movement will find immediate resistance at $0.32 and $0.34 before it can retest its previous high at $0.355. You may want to consider stop loss if $0.29 is violated.

SDRED:
It is under sideways consolidation with immediate support at $0.99 follow by next support at $0.95. Any upward movement with find immediate resistance at $1.08 and breaking above it will have bullish implication (buy signal) with gives an estimate TP1 of $1.15/$1.17. Stop loss if $0.95 is violated.

Happy Trading.

Hi elle,
IDEAL:
After hitting a high of $0.705 on 07/11, it failed to stay above it due to high selling pressure. The selling pressure continued subsequently causing the price to pull back to a current support at $0.54. It is currently consolidating between $0.54 and $0.705. Breaking the resistance $0.705 will have bullish implication (buy signal) which will take it to the resistance at $0.75 before able to retest its all-time high of $0.84. Further weakness will find next strong support at $0.52. Stop loss if $0.475 is violated.

Happy Trading.

Hi tsy88,
FRONTKN:
Bullish after breaking out of its falling resistance line at $0.14 last Friday with volume (buy signal). Its immediate resistance is at $0.16 and $0.175 before scaling towards $0.20. Any weakness due to oversold or profit taking will find support at $0.145 and $0.135 respectively. Stop Loss if $0.13 is violated.

Happy Trading.

Hi Jerry DS,
SYSTECH:
Bullish after breaking from Cup and Handle pattern last Friday which give an estimate TP1 of $0.26. Its immediate strong resistance is at $0.235 follow by $0.245. Any weakness due to oversold and profit taking will find strong support at $0.195 and $0.185 respectively. Stop loss if $0.18 is violated.
If you are already trading this counter, please remember to set trailing stop to protect your profit/capital.

Happy Trading.

Hi cherry tomato,
MMODE:
In sideways consolidation between support line at $0.595 and resistance line at $0.635. After the very huge trading volume on 05/11, there were some correction and the price retraced slightly on the next 2 days. But the volume is reducing with smaller candlestick body indicating that the selling is fading and the price may likely to reverse. If so, the immediate resistance is $0.635 and breaking above it with volume will have bullish implication (buy signal) and will find its next resistance at $0.655 and $0.68 respectively before scaling higher.
Any further weakness and breaks below $0.595 will find support at $0.585 and $0.565 respectively. Stop loss if $0.565 is violated.

Happy Trading.

Hi muhaimi,
BTM:
Bullish after broke out with very huge volume from $0.22 on 06/11. The price retraced a bit on the next day due to profit taking but it is supported at $0.255. Any weakness due to further profit taking or oversold will find good support at $0.23 and $0.22 respectively. If the price continues to scale back up, it will find immediate resistance at $0.27/$0.275 and $0.30 before scaling further up. Stop Loss if $0.22 is violated.

Happy Trading.

Hi tsy88,
DESTINI:
It is on an uptrend mode since it hit the low at $0.46 on 16/10. After failing to break above $0.61 on two attempts recently, it may have formed a last engulfing top at resistance area yesterday. Today price closed lower with a current support at $0.58 but the uptrend is still intact so long it doesn't break below its uptrend support line. Any weakness due to oversold or further profit taking will find next support at $0.56 follow by a strong support at $0.53/$0.52. If the price reverses back up, it will immediate resistance at $0.61 follow by strong resistance at $0.63/$0.65. Stop Loss if $0.52 is violated.

Happy Trading.

Hi sunflower22,
JASKITA:
Posted by stay_foolish earlier @ Oct 26, 2014 08:24 PM
Tsy 88
Jaskita
Stage 3 of Market Cycle- Distribution which the price can be volatile. After hitting high at $0.285 on 26/08, it dropped back to the Rectangle Trading between $0.155 and $0.215 since then. On 23/10, It breakout from Downward Channel but the volume is less convincing. It is expected to retest resistance at $0.215. If break above $0.215, which may have immediate target at $0.285. Resistance 1 at $0.235 and Resistance 2 at $0.255. Any weakness may find $0.185 and $0.195 as immediate support. Strong support at $0.155. Cut loss if $0.155 is violated.

Update (11.55pm):
It is under consolidation. After failing to break above resistance $0.215, it consolidated to the current support of $0.19. Today doji formed indicates indecisiveness of the market but note that there is a slight Price/RSI bullish divergence. If the price starts to scale up again, it will find immediate strong resistance at $0.21/0.215 and $0.235 respectively before it can move further up. Any further weakness (breaking below $0.19/0.185) will find immediate support at $0.175 and $0.155 respectively. Stop loss if $0.155 is violated.

Happy Trading.

Hi cherry tomato,
SYF:
It is under consolidation. After a gap up on 28/10 with nominal volume, it has been trying to break and close above $1.10 but failed to do so with diminishing volume. In such scenario, it is likely to continue in consolidation. Please note that it has started to form a Price/RSI bearish divergence. Any weakness will find immediate support at $1.07 and $1.04 respectively. If it manages to break above $1.10 resistance with volume, it will scale toward the next resistance at $1.14 follow with $1.18 before it can move further up. Stop Loss if $1.03 is violated.

Happy Trading.

Hi hanis,
BARAKAH:
After hitting a low of $1.05 on 16/10, the price went up the next day and formed a last engulfing bottom. Since then the price has trended upward. It needs to break above the downtrend line (at $1.35 but lower following days) with volume in order to have a bullish implication (buy signal). Price resuming upward will find immediate resistance at $1.35 and $1.40 respectively before it can scale higher. Failure to breakout may take it into consolidation mode. Any weakness due to profit taking will find immediate strong support at $1.24/$1.19/$1.15 respectively. Stop loss if $1.14 is violated.

Happy Trading.

Hi excel,
FITTERS:
After hitting a low of $0.695 on 16/10, the price went up the next day and formed a morning star pattern. Since then the price has been trending upward motion. It needs to break above $0.875 with volume in order to have a bullish implication (buy signal). Its immediate strong resistance is at $0.845 follow by $0.875. Though the volume in the last few trading days are low (less than 30d MA), the RSI is in upward trend. Successful breakout with volume will bring to an estimated TP of $1.00/1.06. If fail to breakout, it may likely go into consolidation. Any weakness due to profit taking will find immediate support at $0.745 and $0.695 respectively. Stop loss if $0.695 is violated.

Happy Trading.

Hi michaelwoo,
PUC:
It is under consolidation. A break above $0.185 with volume, it is expected to test the next strong resistance at $0.205/$0.21 before it can scale higher. However, looking at the last few days’ attempts in testing but failing to close above $0.185 and with reduced volume, it is likely to continue in consolidation. Any weakness will find immediate support at $0.175 and $0.165. Stop Loss if $0.16 is violated.

Happy Trading.

Hi sunflower22,
ASIAPAC:
After hitting a low of $0.225 on 16/10, the price went up the next day and formed a bullish engulfing pattern. Since then price trended upward and closed today at its current downtrend resistance line at $0.26. It needs to break above the downtrend line (now at $0.26 but lower following days) with volume in order to have a bullish implication (buy signal). Upon successful breakout, it will find its immediate strong resistance at $0.26/$0.265 and at $0.285 respectively before scaling further. However, the trading volume has been diminishing. So, if fail to breakout, it may likely to go into consolidation. Any weakness due to profit taking or overbought will find immediate support at $0.245 and $0.23 respectively. Stop loss if $0.225 is violated.

Happy Trading.

Hi tsy88,
EURO:
It is currently under consolidation. Immediate resistance is at $0.65. Breaking above it with volume will have bullish implication which will have an estimated TP of $0.68. However, it will find next resistance after breakout at $0.67 before it scale higher. Any weakness will find immediate support at $0.62 and $0.60 respectively. Stop loss if $0.60 is violated.

Happy Trading.

Hi Carlsraj55,
MPAY:
It is under consolidation between $0.185 and $0.20. Breaking above $0.20 will have a bullish implication to scale upward to an immediate TP of $0.225. Any weakness will find immediate support at $0.185 and $0.17. Stop Loss if $0.17 is violated.
TCB does not recommend Buy/Sell/Hold calls but we encourage everyone to have a trading plan and set your TP and cut loss level according to your risk/reward profile and be disciplined in following it.

Happy Trading.

Hi onghenghuat & teyl333,
PJDEV-WC:
Under sideway consolidation. It is currently supported at $0.98. The selling pressure seems to be reducing in the last 3 trading days (smaller red bodies with reducing volume). Price reversal will find immediate strong resistance at $1.00/1.01 and $1.05 respectively. Breaking and closing above $1.05 with volume will have bullish implication which brings an estimated TP of $1.12. Further weakness will find immediate support at $0.94. Stop loss if $0.93 is violated.

Happy Trading.

Hi Dunknow – regret for the delay in posting,
DELEUM:
It is under correction moving sideways. It seems to be currently supported at $2.30. Based on the candlestick – graveyard doji and shooting stars formed last 2 trading days with decreasing buying volume at resistance area implies potential bearishness. Any weakness will find immediate good support at $2.25 and $2.18.
Breaking and closing above the downtrend line (currently at $2.31 but lower following days) with volume will have bullish implication which brings an immediate estimated TP of $2.44. However, it will first find immediate strong resistance at $2.36 and $2.40 respectively.
Stop loss if $2.18 is violated.

Happy Trading.

Hi cherry tomato - regret for the delay in posting,
UMWOG:
It is currently under consolidation. Breaking above $3.92 with volume will have bullish implication which will have an estimated TP of $4.03. However, it will first find immediate strong resistance at $3.97 and $3.99/$4.00 respectively before it scale higher. Any weakness will find immediate support at $3.83 and $3.80 respectively. Stop loss if $3.80 is violated.

Happy Trading.

Hi Jerry DS,
MMSV:
I have posted on this stock earlier:
Sep 22, 2014 12:18 AM
Hi gerry188,
Under consolidation between $0.41 and $0.47. Breaking above $0.47 with volume will have bullish implication which did happen on 18/09 but closed at $0.47 with huge volume. However, such great volume could be contributed by buying frenzy which could potentially ends up with some pull back due to heavy selling thereafter. We can see that the price did retrace and closed lower the next day and it formed a bearish harami which has potential price reversal implication. Any weakness due to further selling pressure will find immediate strong support at $0.44 and $0.41. If the price reverses and breaks above $0.47, it will try to scale to an estimated TP of $0.50/$0.535. Stop loss if $0.40 is violated.

Update (24/09 – 2.45pm):
It is bullish when it broke and closed above $0.47 on 22/09. It has scaled beyond its all-time high at $0.55 and now moving into uncharted territory. Scaling further up will find immediate resistance at $0.60. If you are already trading this stock, do set trailing stop to protect your profit/capital in case of any pull back. Any pull back due to profit taking or overbought situation will find immediate support at $0.515 and strong support at $0.48.

Happy Trading.

Hi sunflower22,
FITTERS:
I have posted earlier on this stock:
Sep 22, 2014 12:51 AM
Hi KLSC,
It is under consolidation between $1.31 and $1.40. Breaking above $1.40 will have a bullish implication to scale upward to an immediate TP of $1.46. Any weakness will find immediate support at $1.31 and $1.29. Stop Loss if $1.28 is violated.
Update (24/09 -2.25pm):
Still under consolidation. It has broken the support of $1.31 yesterday and currently supported at $1.29. Further weakness will find strong support at $1.24/$1.23. Please take note that there is a private placement at $1.23 each which I believe has somewhat affected the recent price movement. Reference - http://klse.i3investor.com/blogs/valueinvestorresearchklse/60409.jsp

Happy Trading.

Hi KLSC,
FITTERS:
It is under consolidation between $1.31 and $1.40. Breaking above $1.40 will have a bullish implication to scale upward to an immediate TP of $1.46. Any weakness will find immediate support at $1.31 and $1.29. Stop Loss if $1.28 is violated.

Happy Trading.

Hi gerry188,
MMSV:
Under consolidation between $0.41 and $0.47. Breaking above $0.47 with volume will have bullish implication which did happen on 18/09 but closed at $0.47 with huge volume. However, such great volume could be contributed by buying frenzy which could potentially ends up with some pull back due to heavy selling thereafter. We can see that the price did retrace and closed lower the next day and it formed a bearish harami which has potential price reversal implication. Any weakness due to further selling pressure will find immediate strong support at $0.44 and $0.41. If the price reverses and breaks above $0.47, it will try to scale to an estimated TP of $0.50/$0.535. Stop loss if $0.40 is violated.

Happy Trading.

Hi tsy88,
ZECON:
Under consolidation between $0.995 and $1.08. Breaking above $1.08 with volume will have A bullish implication. Immediate resistance is found at $1.04 and $1.08 before it can scale higher to an estimated TP of $1.16. Please note that there is a slight Price/RSI bearish divergence since 12/09. Further weakness will find immediate support at $0.995 follow with a strong support at $0.955. Stop loss if $0.95 is violated.

SYCAL:
Under consolidation between $0.40 and $0.435. Currently, it seems to still have some selling pressure though has reduced since it started to retrace few days ago. Any further weakness will find immediate support at $0.40 and $0.385 respectively. If price movement reverses, it will find immediate resistance at $0.435. Breaking above $0.435 with volume will have a bullish implication and will re-test its previous high at $0.465. Stop loss if $0.38 is violated.

Happy Trading.

Hi winwinborn,
MFCB:
Under consolidation between $2.20 and $2.27. Breaking above $2.27 with volume will have bullish implication. Such breakout will find immediate resistance at $2.30 and $2.36 before it can scale higher to re-test its previous high at $2.48. Further weakness will find immediate support at $2.20 and $2.15 respectively. Stop loss if $2.14 is violated.

Happy Trading.

Hi yongyou,
DIGISTA:
Under consolidation between $0.30 and $0.335. Breaking above $0.335 with volume will have bullish implication. Immediate resistance is found at $0.345 and $0.355 before it can scale higher to an estimated TP of $0.39. Further weakness will find immediate support at $0.30 and $0.29 respectively. Stop loss if $0.285 is violated.

Happy Trading.

Hi blekg,
TAKASO:
After scaling 90% upward from $0.25 and hitting a high at $0.475 on 10/09, it has gone into some correction with current support at $0.46. The uptrend is still intact so long the closing price stays above $0.455. Please note that there is a Price/Acc.Dist divergence, indicating some accumulation in the stock is taking place. If upward movement is resumed, it will find immediate resistance at $0.475 and $0.50 respectively before it can scale higher to re-test the high at $0.515. Any weakness due to oversold or further profit taking will find immediate support at $0.44 follow by a strong support at $0.405. Stop loss if $0.40 is violated.

Happy Trading.

Hi yongyou/ amunia02,
GUOCO:
Under consolidation between $1.77 and $1.92. Breaking above $1.92 with volume will have bullish implication but will find immediate resistance at $1.97 before it can scale higher to re-test its previous all-time high at $2.08. Further weakness will find immediate support at $1.77 and $1.71 respectively. Stop loss if $1.70 is violated.

Happy Trading.

Hi dunknow,
SEACERA:
Under consolidation between $1.15 and $1.28. Breaking above $1.28 with volume will have bullish implication. If so, it will face immediate resistance at $1.35 before it can scale higher to re-test its previous all-time high at $1.42. Further retracement will find immediate support at $1.15 follow by a good support at $1.11. Stop loss if $1.10 is violated.

Happy Trading.

Hi speakup,
Please refer to bro. stay_foolish's chart reading on PMCORP.

Happy Trading.

Hi cuhar & Billionaire,
Please refer to bro. Lz's charts' reading on Jaskita and LCTH respectively.

Happy Trading.

Hi Alpha Trader. Just dropping a note of thank you for your sharing and your good work is appreciated. Keep it up!
All the best to all who bought EPMB! Happy Trading....

Hi LyyInvestor,
CHUAN:
Very bullish after broken above $0.61 on 03/09 with good volume. 3 white soldiers candlesticks pattern has been formed in the last 3 trading days with increasing volume shows that the bull is running the show. The price movement is above the upper Bollinger band with upward momentum. Immediate resistance is found at $0.75 and $0.78 respectively before it can scale higher to re-test its previous all-time high at $0.92. If you are already trading the stock, do set a trailing stop to protect your capital /profit in case of any pull back. Any weakness due to overbought and profit taking will find good support at $0.645 and $0.61 respectively.

MIECO:
Very bullish after broken above $0.57 today with huge volume. Its immediate strong resistance is at $0.59/0.60 before it can scale higher to its immediate TP of $0.64. Do take note that Price/RSI bearish divergence has been formed since 19/08. It does not mean that the price won’t continue to move up but if you are already trading this stock, do set a trailing stop in case of any big pullback.
Any weakness will find good support at $0.57 and $0.545. Stop loss if $0.54 is violated.

Happy Trading.

Hi tsy88/mdkrzy,
EFFICEN:
Weekly chart (midterm) – bullish after broken above $0.23 with good volume. However, it formed a top doji with extended upper shadow this week which may have a bearish implication. Also note that Price/RSI started to form a slight bearish divergence. Its following price movement needs to be monitored to confirm whether there will be a Price Reversal.
Daily chart (short-term) – bullish after broken above $0.255 with a gap up on 02/09 and has continued to scale upward. Currently it is under some correction which is usually a good sign before scaling further up. However, top doji with extended upper shadow has been formed for the last 2 trading days showing sign of potential bearish top reversal. Also note that there is a slight Price/RSI bearish divergence formed since 02/09. So, do monitor the price movement in the next 2 trading days to determine the validity of any bearish implication. It is bullish so long the uptrend line is not violated.
The immediate resistance is $0.335 and $0.35 respectively before it able to scale higher to an estimate TP of $0.38. Any weakness due to overbought or further profit taking will find immediate support at $0.315 and $0.295. Stop loss at $0.29 if violated.

Happy Trading.

Hi davidlee,

Do check out our latest posting at http://tcb-sifs.blogspot.com/ on your fitters' request.

Happy Trading.

Hi chiam4192,
SCICOM:
It went to a low of $1.30 on 03/09 after some correction since 27/08 and formed a bottom hammer. Price reversed and moved to a new high at $1.45 but closed at $1.42 yesterday. A break above $1.43 is needed for a bullish implication (buy signal) but it needs to stay above this price. The breakout took place today and should be moving towards an estimated TP of $1.50/$1.56 and beyond. However, please note that there is a Price/RSI bearish divergence. So, do set trailing stop to protect your capital/profit in case of any pull back. Any weakness and the price retraces will find immediate strong support at $1.43 follow by $1.30.

Happy Trading.

Hi teyl333,
EFORCE:
After a big pull back from the high of $0.815 to the low of $0.635, it started to consolidate in a range between the support line at $0.635 and resistance line at $0.705. Breaking above $0.705 with volume will be bullish and bring it to an estimated TP of $0.775. But it will first find immediate resistance at $0.72 following with a strong resistance at $0.73 before it can scale further up. Breaking below the strong support at $0.635 due to further weakness will find next support at $0.625. Stop loss if $0.62 is violated.

Happy Trading.

Hi summer_day, firstly, my regrets for the delay in responding to your request.
SONA:
Bro Yoda88 has posted on Sona before and I will update as follows:
Aug 22, 2014 12:06 AM
pvd-investor- Sona
Another interesting spac company which cannot reveal much till the QA has been approved by the SC. Not looking into FA of this stock but chart wise is downtrending and at an oversold position.
If you are going for bottom fishing, set a stop loss. Supports can be found at 0.49 and 0.48. A stop loss if 0.47 is triggered.
Since it’s at oversold situation any reversal might bring sona scaling back to a resistance of 0.51 and 0.53. It needs to break the band at 0.55 level for it to scale higher.

Update (04/09):
Has continue to pull back broken below the $0.49 and $0.48 support lines. Currently, seems to have found a temporary support at $0.475. Further weakness will find good support at $0.47 and $0.46 respectively. Any price reversal will find immediate resistance at $0.515 and $0.535 before it can scale higher to re-test $0.58. Stop loss if $0.455 is violated.

Happy Trading.

Hi ck, firstly, my regrets for the delay in responding to your request.
BINTAI:
Since reaching the high at $0.475 on 18/06, it started to consolidate in a descending triangle. Strong support is at $0.36. Current immediate resistance is at $0.38 and $0.39 respectively. A break above the resistance (downtrend) line (at $0.405 today and dropping in following days) with volume would have a bullish implication (buy signal). Stop loss if $0.34 is violated.
IREKA:
Since reaching the high at $0.73 on 12/08, it started to consolidate in a descending triangle. Strong support is at $0.64. A break above the resistance (downtrend) line (at $0.685 today and dropping in following days) with volume would have a bullish implication (buy signal) but will find immediate resistance at $0.69 and $0.72 before able to scale higher. Stop loss if $0.62 is violated.

Happy Trading.

Hi cityplus, firstly, my regret for the delay in responding to your request.
SMRT:
Bullish when broke and closed above $0.825 today but the volume is not convincing (below 30days volume MA). Hence, need to monitor the next day price movement and volume transacted to validate its bullishness. The immediate resistance is at $0.845 and $0.875 before it can scale higher to re-test its previous all-time high at $0.945. Further weakness will find support at $0.78 and $0.75 respectively. Stop loss if $0.745 is violated.
SMRT-WA:
Bullish when broke and closed above $0.64 today but similarly to the mother share, the volume is also not convincing (just above 30days volume MA). Hence, need to monitor the next day price movement and volume transacted to validate its bullishness. The immediate resistance is at $0.68 and $0.70 before it can scale higher to re-test its previous all-time high at $0.745. Further weakness will find support at $0.60 and $0.585 respectively. Stop loss if $0.58 is violated.

Happy Trading.

Morning invest88 and all - yes a wonderful Merdeka weekend to everyone.

Hi tiongms,
JASKITA:
Bullish after breaking above $0.215 on 15/08. Since then, after the price moved higher with huge volume, it went into some correction due profit taking before scaling further up. The latest is seen on 26/08 when the price hit the new high of $0.285 with the largest volume and thereafter, again went into some correction due to profit taking. The uptrend is still intact but needs to remain above the uptrend line to remain so. Also take note that there is a slight Price/RSI bearish divergence. So, do set trailing stop to protect your profit/capital in case of any big pull back.
Currently, it seems to have found a temporary support at $0.26. Any weakness due to oversold or further profit taking will find next support at $0.25 and $0.225 respectively. Scaling back up again will find immediate resistance at $0.285 and $0.30 respectively.
Stop loss if $0.215 is violated.

Happy Trading.

Hi gerry88,
IDEAL:
Bearish. After hitting the high of $0.84 on 19/08, it formed a top engulfing bear and had a big pull back since then. Further weakness will find immediate support at $0.50 and $0.43 respectively. Any reversal will find immediate resistance at $0.595 and $0.63 before it can scale higher.

Happy Trading.

Good morning everyone.
Hi duitKWSPkita - TCB is delighted and welcome your feedback. Please share with rocas and us all here. Thanks.

Happy Trading.

Hi Dunknow, firstly, regret for the delay in responding to your request.
UZMA:
Currently at Stage 4 of the cycle - very bearish. Since hitting the high at $4.28 on 08/07 after the right issue, it has been going downtrend with lower highs and lower lows. Doesn't seem to have found any temporary support yet. Further retrace will find immediate support at $3.24 and $3.15 respectively. Any reversal will find strong resistance at $3.59 and 3.71.
Please note that Stage 4 cycle should be avoided at all time for trading. Any reversal will also have to clear lots of potential overhangs in order to scale higher back.

Happy Trading.

Hi jennylee1382,
AWC:
Sideways consolidating between $0.29 and $0.315. On 22/08, it broke above $0.315 but failed to close above it due to heavy selling and formed a top bearish gravestone doji that day. Today bearish candle shows it is consolidating back within the above range. Immediate good support is found at $0.29 and $0.28 respectively.
If the price reversed upwards, the immediate resistance is at $0.315 follows by $0.32. A break and close above $0.32 with volume will implies potential bullishness (buy signal) and it will try to re-test the previous high of $0.365.
Stop Loss at $0.275 if violated.

PMCORP:
Trading sideways on consolidation mode. Currently, it is in range movement with a support line at $0.255 and a resistance line at $0.295. If it scales higher, it needs to break above $0.30 resistance with volume to move into potential bullish mode. From there, it will need to break above a strong resistance at $0.32 formed by the gap down on 13/11/13 in order to scale higher to re-test the previous high at $0.37. If it fails to break above $0.295/$0.30, it will go back to its range movement. The immediate strong support is at $0.255 follow by a strong support at $0.24.
Stop loss at $0.23 if violated.

DSONIC:
This stock is under consolidation. After reaching the high of $2.06 on 26/06, a bearish Dark Cloud Cover was formed and it started to consolidate in rectangle trading between $1.79 and $2.03. It needs to break above $2.03 with volume in order to scale higher to re-test previous high of $2.06 before trying to scale to an estimated target of $2.33 (uncharted territory after the bonus issue). The support at $1.79 is a good support level.
Stop Loss at $1.77 if violated.

Happy Trading.

Hi master_tan,
PRLEXUS:
After hitting the high of $1.84 on 20/06, it had a significant pull back and consolidated to a low of $1.38 and formed a bullish bottom reversal Dragonfly Doji on 13/08. The price has then reversed and scaled upward and closed at $1.54 today with a bullish gap up. However, a shooting star is formed today and it has potential bearish top reversal implication especially at resistance area. This gives conflicting signal and hence the next day’s price movement direction needs to be monitored to determine the trend. The immediate resistance is at $1.56 and $1.61. If you are trading this stock, do monitor closely and set trailing stop to protect your profit/capital.
Any weakness due to overbought or profit taking will find immediate support at $1.52 and $1.46.
Stop Loss if $1.43 is violated.

Happy Trading.

Hi inwest88, congrats on your trading success today. May it be on a roll for you.

Hi courage,
SERSOL:
Weekly chart (midterm) – bullish after broken above $0.375 with good volume. However, do note that as the price scales higher, the market seems to be suppressing the uptrend by looking at the white candlestick body is getting smaller with decreasing volume in the last 2 trading weeks. Nevertheless, the uptrend is still intact with upward momentum.

Daily chart (short-term) – bullish after broken above $0.375 with a gap up on 07/08 and has continued to scale upward and closed at $0.43 today. However, a shooting star is formed today and it has potential bearish top reversal implication especially at resistance area. The immediate resistance is $0.43 and $0.445 respectively. So, do monitor the next trading price movement to determine the validity of any bearish implication. Also note that there is a slight Price/RSI bearish divergence since 11/08. If you are trading this stock, do set trailing stop to protect your profit/capital.
Any weakness due to overbought or profit taking will find immediate support at $0.42 and $0.405. Stop loss at $0.40 if violated.

Happy Trading.