Hi rocas,
LUSTER:
Broken its resistance of $0.12 with good volume recently and has managed to scale up and closed at $0.13 the next day on last Friday. The immediate resistance is at $0.13 and once broken above it with volume, it will scale higher to re-test $0.14. The RSI momentum is picking up and the price has been closing above its upper Bollinger Band last 2 trading days. It is looking good in scaling higher. Breaking above $0.14 with volume will have potential bullish implication (buy signal) to scale higher to an estimate TP of $0.19.
Currently, $0.12 has formed a very strong immediate support (strong resistance turns support and due to the gap up on 14/08) and the next support is $0.115. Stop loss at $0.11 if violated.

Happy Trading.

Hi bonus,
MPAY:
I have posted on this stock recently:
Aug 14, 2014 12:16 AM
Hi 1million & bracoli,
MPAY:
After hitting a high of $0.335 but closed lower at $0.315 due to heavy selling on 08/08, it had some pull back to $0.295 today. A doji with longer lower shadow is formed today indicates potential reversal signal but further price movement on the next 2 trading days is needed to be monitored to confirm any price reversal. If it scales up, it will find immediate resistance at $0.31 and $0.325 respectively. Breaking and closing above $0.325 with volume will indicate a potential bullish breakout (buy signal). Any further weakness due to more profit taking will find immediate resistance at $0.29 and $0.28. Do take note that there seems to be some accumulation taking place since the last 3 days.
Stop loss at $0.275 if violated.

Update (17/08):
Still under consolidation. The price has retraced further down due to further profit taking and currently supported at $0.28. Immediate support and resistance remains the same.

Happy Trading.

Hi 1million & bracoli,
MPAY:
After hitting a high of $0.335 but closed lower at $0.315 due to heavy selling on 08/08, it had some pull back to $0.295 today. A doji with longer lower shadow is formed today indicates potential reversal signal but further price movement on the next 2 trading days is needed to be monitored to confirm any price reversal. If it scales up, it will find immediate resistance at $0.31 and $0.325 respectively. Breaking and closing above $0.325 with volume will indicate a potential bullish breakout (buy signal). Any further weakness due to more profit taking will find immediate resistance at $0.29 and $0.28. Do take note that there seems to be some accumulation taking place since the last 3 days.
Stop loss at $0.275 if violated.

Happy Trading.

Hi CautiousTrader,
HWANG:
After hitting a high of $1.99 on 05/08 since the dividend, it had quite a pull back and consolidated to a low of $1.88. Despite the price improvement taken place yesterday, there was a big volume of selling today and has brought the price down again. It is currently at the support of $1.88 (previous resistance turn support) and likely to be under consolidation. Any weakness due to more profit taking will find immediate support at $1.84. If it scales up, it will find immediate resistance at $1.94 and $1.99. Breaking above $1.99 with volume will indicate a potential bullish breakout (buy signal). Please note that there is slight bullish Price/Accu.Distr divergence since past couple of weeks. Stop loss at $1.83 if violated.

Happy Trading.

Hi cherry tomato,
IVORY:
Trading sideways on consolidation mode. Currently, it is range bound with a support line at $0.605 and a resistance line at $0.66. The immediate support is at $0.605. If it doesn't break the support at $0.605, it would go back into its range movement. Currently, it seems to be supported at $0.605 and the selling pressure has faded and more buyers has started coming in (white candle with low volume). For rectangle trading traders, this may be a good entry point as it is at support level and target to sell when close to $0.66. This seems low risk as any weakness causing to break below $0.605 will find immediate support at $0.595.
If it scales further and breaks above $0.66 with volume, this signal potential bullish breakout and will try to re-test its previous high at $0.72. It will firstly find resistance at $0.685 and $0.705 respectively before reaching there.
Stop loss at $0.59 if violated.

Happy Trading.

Hi nana88,
My congrats to you. Please remember to set trailing stop to protect your profit. When you have such a big jump in price, it is usually a good practice to lock in some % of profit. Nothing beats putting money in your pocket.

Happy trading.

Hi Nana88,
MITRA:
Yes, it has become bullish when it broke out above $0.895/$0.905 and $0.935 today with a very 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. Hence, if you are contemplating to enter, I suggest monitoring the price movement on the next trading to determine its direction. If it pulls back, it will find good support at $0.935 and $0.905 respectively. It needs to remain above $0.935 for the uptrend to be intact. Hence, if the pull back is well supported at $0.935, it may present opportunity to buy during weakness but careful monitoring of the price movement on the next few days is important in order to make the right entry choice.
If it continues to scale up, it will find resistance at $1.00 and $1.12 before re-testing its all-time high at $1.22.

Happy Trading.

zu, sorry I'm outside at the moment. Can't refer to my chart. Give me a shout if u need my TA reading tonight.

All the best everyone..

Hi ck,
BINTAI:
This stock is trading in a bearish downtrend channel. Immediate support is at $0.38 and $0.37. Any reverse in scaling up will find immediate resistance at $0.40 (formed by the falling window) and $0.41 respectively. Stop loss if $0.36 is violated.

Happy Trading.

Hi rocas,
FRONTKN:
Weekly chart (midterm) – bullish at Stage 2 of the cycle. Broke out above $0.165 and will try to scale higher to an immediate estimated TP of $0.20.
Daily chart (short term) – on uptrend but it formed a doji last Friday which has bearish implication at the top. Do monitor the next 2 trading days’ price movement to confirm the validity of its bearishness. Also, note that there is a Price/RSI bearish divergence since 16/07. It needs to stay above $0.165 to remain in its uptrend. Further upscale will find immediate resistance at $0.175 and $0.19 respectively.
Any weakness due to profit taking will find immediate support at $0.165 and $0.15 respectively. Stop loss if $0.145 is violated.

Happy Trading.

Hi Dunknow,
I presume you are asking on the 2 stocks SUMATEC and KGB:
Yes, every price movement should be taken into consideration as it tells us of the market demand and supply for the stock (buyer and seller). The stock market has indeed been affected by the announcement of authorisation of Air Strike in Iraq made by U.S. president Obama last Friday where it has caused some panic selling. We are not sure the effect it is going to have on this new week. So, its price movement on the following days needs to be monitored so to determine whether there will be a price reversal or it is indeed in a bearish trend. Regardless, it is wise to have a trading plan so that if it drops to your stop loss, you need to cut loss before you incurred more losses.
I will briefly update the 2 stocks:
SUMATEC:
Though the price dropped to $0.485 last Friday, the evening doji star candle pattern was not exactly formed. As mentioned earlier, any further weakness, it will find strong support at $0.47 (formed by the gap up on 04/08) and $0.44 (resistance turn support) respectively.
KGB:
Despite the price closed lower last Friday due to the market sentiment, the uptrend is still intact as it has not broken below $0.45. Also, the selling volume has reduced more than half compared to the day before. It is still well supported at $0.44.

Happy Trading.

Hi zu, my TA is normal analysis only la. Just read from TA books. Not qualify to teach but more than happy to exchange opinion, learning from one another. :D

Hi 1million – no problem as I am looking at it also.
SEACERA: Weekly Chart (midterm) – it formed a top Engulfing Bear on 18/07 which implies bearish sentiment in midterm unless the bear height of $1.18 can be taken off.
Daily Chart (short term) – after hitting high of $1.24 on 09/07, it went into a healthy consolidation to a low of $1.04 and consolidated for awhile with very reduced volume indicating the selling is fading and it scaled up again last 2 trading days with increased volume. The immediate strong resistance is at $1.18 which it broke above it last Friday but due to market sentiment, it closed lower at $1.16. It was still a green pricing compared to most counters that day. Anyway, it will stage a trend reversal if breakout from $1.18 and overcome the engulfing bear as mentioned in the weekly chart.
If it breaks $1.18, it will re-test the previous high of $1.24 and $1.30 before it can scale higher to an estimate TP of $1.44 (uncharted territory). The immediate support is at $1.11 and $1.04.
In my humble opinion, do set stop loss if it doesn’t go your way. TA is just a guide. Having a trading plan to enter and exit is very important.

All the best and Happy Trading ya. :)

Hi everyone!
Zu - I missed a couple of points on Smrt TA reading. Though Smrt is bullish but currently for the last 2 trading days, it has formed inverted hammer followed by engulfing bear at top may indicate difficulty in breaking $0.915 and could consolidates. So $0.915 may be a temporary high. However, if breaks and closes above $0.915, no problem la. My TA opinion only. :)

hi butter, how r u? Glad the regain official TA analyst has returned. :)

Morning everyone!
Zu,
SMRT is looking good. It is in Stage 2 of the cycle which is very bullish for daily chart (short term) and weekly chart (midterm). It broke out above the ascending triangle pattern on 23/07 with huge volume and has been setting new high. It is heading towards its immediate target of $0.95/$1.00 but immediate resistance is at $0.915. Strong support is at $0.84 and $0.805 respectively.

Hi cherry tomato,
Firstly, sorry for the delay on reading this stock’s chart.
HEXZA:
This stock is under consolidation. After reaching the high of $0.86 on 08/07, it had some pull back to a low of $0.80 on 14/07 and started to consolidate in rectangle trading between $0.805 and $0.85. It needs to break above $0.85 with volume in order to scale higher to re-test previous high of $0.86 before trying to scale to an estimated target of $0.90 (uncharted territory). The support at $0.805 is a strong support level. Stop Loss if $0.80 is violated.

Happy Trading.

Hi Dunknow, you are welcome.
KGB:
Posted by yoda88 > Aug 5, 2014 11:53 PM
Siong-KGB
In positive view on ACE market, KGB share prices also show signs of resuming its long-term uptrend, substantiated with healthy volume today and as one of the top volume gainer its trading at a bullish region. Coupled with positive reading from all oscillators, suggest that share prices are expected to move higher towards 0.46, 0.47 and 0.49.Breaching below the critical support near 0.41 level it will drive share prices lower towards 0.395.
A stop loss below once 0.39 is triggered.
Happy trading. ( posted yesterday - 04/08)

KGB had a bullish gap up on the 4th Aug and today it try to breach the 0.46 level in the morning but due to profit taking it had a pullback. Supports can be found at 0.44 and 0.43.Watch for volume and price movement if you have not sold your position as it tested its strong resistance of 0.46.

******
Update (07/08):
This stock uptrend is still intact. Today price movement is what we call a bull’s trap - gone up high breaking resistance but retraces due to heavy profit taking. It is well supported at $0.46 (previous resistance turn support) but the candle formed today is an Inverted Black Hammer, which at top will have bearish implication. It will need confirmation with next day trading price. The immediate resistance is at $0.475 before re-testing $0.495. Any further weakness due to profit taking will find support at $0.44 and $0.43. Do take note that there are bearish divergence shown in both Price/Acc.Dist volume and Price/RSI indicator since the gap up on 04/08. Depending on your risk profile, set stop loss at $0.43 if violated.

Hope you will have profitable trading. All the best.

Hi ctw101,
HOVID:
Posted by yoda88 > Aug 3, 2014 07:51 PM
danke-Hovid
Hovid is having a pullback with an overbought situation since the stk starts its uptrend frm the 7th July. Declining in volume with uncertanity of mrkt might test the supports of 0.44 and 0.435 with a strong support at 0.425 level. Watch for volume and mrkt condition if you going for bottom fishing. Resistance can be found at 0.455, 0.47 and 0.48. Breaching below the critical support near 20MA will drive share prices lower towards 0.425. Cut loss if 0.425 is triggered.

Update (07/08):
The stock has retraced to a low of $0.42 and seems to find a temporary support there. Today’s white candle is formed but with low volume. Further price movement needs to be monitored to see if it will further pull back/consolidated or start reversing. Immediate resistance now is at $0.44 (support turn resistance) and $0.47 respectively. Further pull back will find support at $0.415 and $0.405.

Happy Trading.

Newman. Noted on your sharing with appreciation. Good night.

Hi swingtrader. How r u? Making much $$$? :)

Hi Dunknow,
SUMATEC:
Lz has posted on this stock before and I will update as follows:
Posted by Lz Lee Weiping > Aug 4, 2014 11:09 PM
limayseng - SUMATEC
It's Stage 2 of cycle, bullish. Rise about 94.3% (+0.245) within 7 weeks, which is from 0.26 during mid of July until today with a high of 0.505. Now it's heading to re-test it's next resistance level of 0.52/0.525, and the high of 0.565, volume is healthy at the moment. Any weakness should find 0.465 and 0.44 as a support level. Trailing-stop/Stop-loss at 0.43. TP at 0.58 and 0.65.
As for you question for "Is it still safe to enter at this 50c level ?" that would depend on your calculation on risk/reward ratio.

Update (07/08):
Since hitting high of $0.505 on 04/08, it retraced to $0.47 but scaled back up and closed at $0.50 today. It could not break the $0.505 due to lack of volume but the uptrend is still intact. However, do take note that though it gapped up and closed at a new high price today, a doji candle is formed. If the price tomorrow closed lower, a potential evening doji star could be formed which has bearish implication. Hence, do monitor tomorrow pricing to see any further downside for bearish confirmation. Besides that, there are bearish divergence shown in both Price/Acc.Dist volume and Price/RSI indicator.

Sorry, we here in TCB do not recommend any buy/sell/hold of any stocks.

Happy Trading.

Hv a good trip Zu. Huat so much needs to go outstation to eat your lobster. Haha...

Hi sunflower22,
GUH:
Weekly chart (mid term) – brokeout above $1.44 implies bullish trend but the volume is low (below 30w MA) and also there are bearish divergence shown in both Price/Acc.Dist volume and Price/RSI indicator.
Daily chart (short term) – brokeout above Cup and Handle pattern yesterday with strong volume indicate bullishness to move towards TP of $1.60 before re-testing previous high of $1.64. Today it has closed lower at $1.47 due to profit taking but the uptrend is still intact. The immediate resistance is at $1.50 and $1.56. Any further weakness will find strong support at $1.43 and $1.39 respectively. Stop loss if $1.35 is violated.

Happy Trading.

night everyone. Hope all huat tmrw!

Newman, oic... many ppl will sad lo then. Agree, su some healthy correction usually happens before can scale higher.

Newman, haven't started your huat engine yet ar? :D

No la... :( can join ar?

Hepi - Im ok la. Picked up TA along the way to trade better. :)
Hope we all make $$ in August! :)

Hi hepi, how r u? Yes Solid is looking good from TA viewpoint. Broke above upper BB yesterday and above $0.91 today. If it stays above $0.91, it is bullish. Volume is growing healthily. Immediate TP is 0.94 before scaling higher to re-test previous high at 1.02. Could be a winner stock! :D

cobra07/lollipopz, sorry to hear that. I actually bought Daya before previously and had to cut loss. So, had a painful experience there but had moved on to regain my capital back.
I can only comment based on TA and as mentioned last night, the current immediate TP is 0.36 but need to first break above resistance and clear overhangs. All the best.

lollipopz, it's $0.34 as mentioned last evening. Hope u gaining $$.

zu- Daya broken immediate resistance and scaled up $0.02 so far. Hope u have hold and earn some $$. :)

Hi yongyou,
UEMS:
The stock is under consolidation. After reaching the high of $2.42 on 22/04, it had a big pull back to a low of $2.03 on 10/06 and started to consolidate in rectangle trading between $2.03 and $2.14. It needs to break above $2.14 with volume in order to scale higher to an estimated target of $2.25. The support at $2.03 is a strong support level. Stop Loss if $2.02 is violated.

Happy Trading.

Hi citiwai,
MPAY:
It is in consolidation. After failing to break above $0.30 on 22/07, it consolidated to $0.265. Today, it scaled up but failed to break above the downtrend line due to low volume. If it breaks and closed above $0.29 with volume, it will indicate a potential bullish breakout (buy signal). It will then try to scale higher to TP1-$0.335 and TP2-$0.365 with immediate resistance at $0.30/$0.325/$0.345 respectively.
If it failed to breakout above $0.29 it will move towards immediate support at $0.265 and $0.25 respectively. Stop loss at $0.215 if violated.

Happy Trading.

NewMan, my selection is based on TA which is a guide. No match to your experience trade calls.

Hi NewMan, please no uncle la. Glad you hv enjoyed your tour especially the HK food. Yes, I agree HK food is still better. haha..
Can cari makan abit la in bursa. Hope u r making ton of money.

Hi NewMan, hope you had a good trip in HK/China.

Zu - Daya seems bullish. It brokeout above its downtrend line and the upper bollinger band with strong volume. If it can break above 0.325, it should try to move to its TP of 0.36. But it has next resistance at 0.34. The RSI momentum is trending upwards. Due to the big pull back since the high of 0.455, it will still have lots of overhangs to clear to scale higher..... just my 2c TA. :)

I'm a bro, zu. haha.. May you huat more tmrw.

Hi Zu1967, congrats in your instaco. More s5 for you. :)

Hi tsy88,
SUPERMAX:
Bullish as it has brokeout above the downtrend line on 01/08 where it shot up 8.8% and closed at $2.36 with strong volume after a long pull back and some consolidation. Though it is now bullish, it still needs to clear lots of overhangs due to the big pull back before it can scales higher to an estimated TP of $2.74. Strong resistance is found at $2.44 and at $2.60 respectively (support turn resistance).
Any weakness due to profit taking or overbought situation will find immediate support at $2.20 and $2.17 respectively. Stop loss at $2.12 if violated.

Happy Trading.

Hi bb55,
GADANG:
After reaching a new high at $2.04 on 24/07, it started to pull back to $1.82 after gap down and formed a spinning top on 01/08 with low volume. Together with the point that the candlestick is at a support position (previous resistance now turn support), it can indicate a potential price reversal. However, do monitor the next price movement to confirm. If the price reverses, it will find immediate resistance at $1.87 and $2.04 respectively before it can scale higher to reach its estimated target of $2.26.
Immediate support is found at $1.72 and $1.64 respectively. Stop loss at $1.62 if violated with volume.

Happy Trading.

Hi elsa,
EKOVEST:
After the right issues on 28/05, it consolidated to a low of $1.11 and thereafter, started to be on uptrend with higher high and higher low. It brokeout above resistance at $1.26 (the high after latest right issues) on 30/07 with a very strong volume but it retraces slightly last 2 trading days due to profit taking and overbought situation. The uptrend is still very intact so long it is above $1.25. The next estimate TP is $1.51 and $1.65 respectively.
If it retraces further down, it will find immediate support at $1.23 and $1.18 respectively. Stop loss at $1.11 if violated with volume.

Happy Trading.

Hi Dlyc,
L&G:
Bro Profitman has posted on this stock before and I will comment further as follows:
Posted by profitman > Jul 17, 2014 11:19 PM
tpchuayap - L&G:
It has been fluctuating sideways in a rectangle trading pattern with a resistance at 0.585 and support at 0.54. It is unable to take out the 0.585 resistance convincingly and it has been subjected to profit taking today. The support at 0.54 is a strong support level. Need to clear 0.585 convincingly to scale higher to re-test the high of 0.625.

03/08/14:
Weekly chart (midterm) — Very bullish and is on stage 2 of the cycle. Broke out above $0.625 into uncharted territory and carry an estimated target of $0.70.
Daily chart - Stage 2 of the cycle and very bullish. It broke out from its rectangle consolidation on 30/07 and closed at $0.685. However, it formed an Engulfing Bull on the following 2 days, though it is a bullish formation but during uptrend, it can be of concern whether this is the last engulfing top. Hence, do monitor the following candle to confirm. If the next candle closes below $0.635 tomorrow, L&G may have found the new temporary top at $0.69.
Any weakness due to profit taking or overbought situation, it should find very strong support at $0.625 and at $0.60 respectively (both Resistance turns Support).

Happy Trading.

Hi angie80,
CAELY:
It is currently on consolidation mode trading in a symmetrical triangle. It needs to break out with volume and stay above $0.565 for a valid bullish price reversal. The next resistance level is at $0.59 before it can scale further to an estimated target of $0.63 and beyond.
Immediate supports are at $0.52 and $0.505 respectively.

Happy Trading.

Hi nana88,
MITRA:
I have posted on Mitra before to novice8 on 23/07/14 as follows:
23/07:
Trading sideways on consolidation mode. Currently, it is in range movement with a support line at $0.865 and a resistance line at $0.895. If it scales higher, it needs to break above $0.905 resistance with volume to move into potential bullish mode. From there, it will try to re-test the previous high at $0.935. If it fails to break above $0.895/$0.905, it will go back to its range movement.
The immediate support is at $0.865 follow by a strong support at $0.825. Stop loss at $0.825 if violated with volume.

Currently, as per 31/07, the status remains the same as above – still sideways trading on consolidation mode.

Happy Trading.

Hi zx08,
GUOCO:
Based on TA, the stock is very bullish and is on stage 2 of the cycle. Broke out from $1.29 on 23/07 and also broke its previous all-time high of $1.64 today with very strong volume and closed at $1.85 (new high in uncharted territory). The upwards momentum still seems good and it should try to break its immediate resistance at $1.90 before scaling higher to reach its estimated TP at $2.12 and beyond.
If it fails to break above $1.90, it may likely to consolidate towards immediate support at $1.49 and very strong support at $1.42. For stage 2 trading, we strongly advise you to set a trailing stop to protect your profits.

Happy Trading.

Hi capt. hepi. How r u?

Hi keshminder,
INARI:
Overall in uptrend mode but currently at sideways consolidating with expected trading between $3.22 and $3.40. A break above $3.40 would indicate potential bullishness and will try to move to a new high with TP at $3.58 and beyond in uncharted territory. Immediate support is at $3.22 follow with a strong one at $3.17. Stop Loss at $3.08 if violated with volume.

Happy Trading.

Hi ikyn,
GLOMAC:
Sideways consolidating between $1.03 and $1.15. A break above $1.15 would indicate potential bullishness and will try to re-test $1.17 and thereafter, TP1 at 1.23. If it fails to break above $1.15, it will resume it sideway consolidation.
Immediate support is at $1.10 and $1.07. Stop Loss at $1.03 if violated with volume.

Happy Trading.