Hi gary1122,
TAMBUN:
It is in bullish Stage 2 of the cycle. After hitting the high of $2.64 on 17/07, it had some healthy correction until to the low of $2.46 yesterday. Today price movement may indicate that it has found a temporary support at $2.46. Notice that it has also filled up the small gap resistance formed on 16/07. If so, it may present opportunity to collect for future play. If not, it will find the next immediate strong support at $2.41 (Resistance turns Support).
If it scales higher and breaks above the resistance of $2.64, it will try to reach TP of $2.82 and beyond (uncharted territory). Stop loss if $2.33 is violated with volume.

Happy Trading.

morning Newman /zu1967. Happy Trading.

Hi novice8,
MITRA:
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.

Happy Trading.

Hi killabuggy,
MPAY:
Following from my last posting on this stock:
Posted by sunlight > Jul 16, 2014 09:07 PM
16/07 (9.00pm)
After hitting a low of $0.215, the price movement reversed on 11/07 and broke the downtrend line yesterday above $0.24 indicating bullishness. However, the volume was not very strong (only abt 2x 30days MA). But today price movement has broken its immediate resistance at $0.255 with a higher volume which supports in validating the bullish trend. The next resistance will be at $0.27 and $0.29.
If it retraces, it will find immediate support at $0.255 and $0.22. Stop loss if $0.215 if violated with volume.

22/07 (9.00pm)
Overall it is on uptrend. After a quick correction, it continue to scale higher and today managed to reach a high of $0.30 but failed to sustain due to heavy selling and closed at $0.285. The immediate resistance is at $0.30 (support turns resistance and due to round number effect) follow by $0.325. Supports remain the same.

Happy Trading.

Hi Carlsraj55,
I already posted to your request on 21/07/14. Please refer to previous page (pg 38).

Happy trading.

Hi angie80,
ORNA:
It became bullish after broken out above its sideway consolidation at $1.29 on 04/07 with a strong volume. However, after reaching its TP1 at $1.36 on 07/07, it could not scale higher and consolidated in a pennant on the subsequent days. A break above the pennant resistance line with volume would indicate breakout signal in potentially resuming its bullish trend. Today, it broke above the pennant resistance line and reached a high of $1.34 but could not sustain due to low volume and closed at $1.33 which is still within the pennant. So, do monitor the price movement tomorrow to look out for the potential bullish pennant breakout with volume. If the price closes above $1.33 tomorrow (staying above pennant resistance line) with volume, this will confirm the potential bullish breakout. If breaks out with volume, it should try to reach TP - $1.42.
Immediate supports are found at $1.28 and $1.18. Stop loss at $1.18 if violated with volume.

Happy Trading.

Hi Carlsraj55,
I have posted on Luster before to sunflower22 as below:
Posted by sunlight > Jul 11, 2014 12:29 PM
LUSTER:
Bro Lz has posted before on this stock and I will comment from there as follows:
Posted by Lz Lee Weiping > Jun 24, 2014 08:18 AM
KLSENEWBIE - LUSTER:
Currently trading in a rectangle in between the resistance level of 0.115 and support level of 0.1. The next support level is 0.085 and the next resistance levels is 0.13 and 0.14. If it's to break from 0.115 with volume it will retest it's next resistance. stop-less at 0.085.

11/07 (12.20pm):
It is still under consolidation. After it has broken the immediate support at $0.10 on 01/07, it moves in range between $0.095 and $0.105. It breaks above $0.105 with volume, the immediate resistance will be $0.11 and $0.12. It retraces further, it will find immediate support at $0.09 and $0.085. Yes, stop loss at $0.085 if violated with volume.

21/07 (1.15pm):
The scenario of Luster is still the same as above.

As for the decision to hold or cut loss, that is entirely your decision to make based on your trading plan and risk profile. We at TCB do not give any advice to buy/sell/hold any stock.

All the best and Happy Trading...

Hi tsy88,
WZSATU:
It became bullish after broken out above its sideway consolidation at $1.52 last Friday with quite a strong volume into uncharted territory. However, at the same time, it formed an Engulfing Bull on top and also the Price/RSI has started to form bearish divergence since 04/07. We will need to monitor the next candle form on Monday to confirm whether this is the last engulfing top. If the price closes below $1.53, it may go back into its sideway movement. If it scales higher and closes above it, it will try to reach its next TP at $1.62.
If it retraces, it will find an immediate support at $1.51 follows with $1.40 and $1.36. Stop loss at $1.36 if violated with volume.

Happy Trading.

Hi tsy88,
MMSV:
It became bullish after broken above $0.235 on 20/06 with strong volume and continues to uptrend with higher high and higher low. Had some healthy correction after reaching $0.325 but broke above it and scaled higher on 16/07. It gapped up the next day and reached its TP1 - $0.35. Currently seems to have an immediate resistance at $0.355. If it breaks above it with volume, it will try to reach its TP2 of $0.405.
Failing which it may retraces into consolidation with the immediate support at $0.34 follows with $0.325 and $0.30. Stop loss at $0.29 if violated with volume.

Happy Trading.

Hi Joyous,
BIMB-WA:
Trading sideways on consolidation mode. Currently, it is in range movement with a support line at $0.585 and a resistance line at $0.65. The immediate support is at $0.585. If it does not break the support at $0.585, it would go back into its range movement. But if it breaks above $0.65 with volume, this would signal breakout with potential bullish implication. It will then try to retest the previous high at $0.685.
If it breaks below $0.585, it will find further support at $0.565. Stop loss at $0.565 if violated with volume.

Happy Trading.

HOVID:
This stock is bullish when it managed to open and close above resistance of $0.41 today with a strong volume after failing to close above that on 2 previous attempts on 07/07 and 10/07 respectively. It has also managed to close above its upper Bollinger band of $0.42 today. The immediate resistance is at $0.435 and if it breaks above it with volume, it will try to move to TP-$0.45.
If it retraces, it will find immediate support at $0.41 and $0.395. Stop loss at $0.385 if violated with volume.

Happy Trading.

Hi pathew,
INARI:
Overall on uptrend movement. After hitting the high of $3.40, it retraced abit but seems to have found an immediate support @ $3.26. If it resumes the uptrend, it will retest $3.40 and if it breaks above that with volume, it may try to reach TP of $3.55 (uncharted territory).
If it retraces further below $3.26, it will find the next support @ $3.17. Depending on your risk profile, do stop loss at $3.17 if violated with volume.

Happy Trading.

Hi Newman & zu1967, not sure if you remember me. Just dropping a note to say hi. Have not seen captain Hepi for awhile.

Hi Danke,
MPAY:
Bro SF has posted on this stock before and I will comment from there as follows:
Posted by stay_foolish > Jul 1, 2014 09:38 PM
noisyboy
MPAY
Stage 4- Mark down which is very bearish. It has just broke the strong support line at $0.25 (support line turned into resistance line now) and further test support line 1 at $0.225. $0.225 looks very frail and support 2 at $0.205. Cut loss if $0.205 is violated. We would advise do not catch the falling knife.

16/07 (9.00pm)
After hitting a low of $0.215, the price movement reversed on 11/07 and broke the downtrend line yesterday above $0.24 indicating bullishness. However, the volume was not very strong (only abt 2x 30days MA). But today price movement has broken its immediate resistance at $0.255 with a higher volume which supports in validating the bullish trend. The next resistance will be at $0.27 and $0.29.
If it retraces, it will find immediate support at $0.255 and $0.22. Stop loss if $0.215 if violated with volume.

Happy Trading..

Hi sunflower22,
SYCAL:
Bro Lz has posted on Sycal before and I will add from there as follows:
Posted by Lz Lee Weiping > Jul 1, 2014 12:32 AM
Symmetrical triangle formation, but there's no any confirmation for any breakouts yet. Have a resistance level of 0.42 and 0.435, support level of 0.40 and 0.38. There's weakness in this stock, it's now re-testing it's support level at 0.40. Stop-loss at 0.345.

14/07 (12am)
There is a break below the symmetrical triangle on 10/07 which indicates potential bearishness. It is currently supported at $0.395/$0.40 but if it retraces further, it will find immediate support at $0.38. It is best to monitor its following price movement to confirm its direction.
Depending on your risk profile, you may want to set stop loss higher at $0.375 if violated with volume.

Happy Trading.

Hi tsy88,
MIKROMB:
It began to be bullish when it broke out above $0.275 on 08/07 and it reached its TP of $0.31 on the next day with a very huge volume. However, such great volume could be contributed by buying frenzy which usually ends up with some pull back due to heavy selling thereafter. This is seen in the following 2 trading days when it failed to break beyond $0.31. Please note that the pullback formed 2 consecutive full black candles. Hence, if you are contemplating to enter, I suggest monitoring the price movement on Monday to determine its direction. If it is another black candle, it may form a potential bearish 3 black crows candlestick pattern. If the price reverses to upwards, it will retest the previous high at $0.31.
If it retraces further, it will find immediate support at $0.275 and $0.26. Depending on your risk profile, stop loss at $0.235 if violated with volume.

Happy Trading.

Hi ellesse,
EXTOL:
Trading sideways on consolidation mode. Currently, it is range bound with a support line at $0.28 and a resistance line at $0.355. The immediate support is at $0.28. If it doesn’t break the support at $0.28, it would go back into its range movement. But if it breaks above $0.355 with volume, this would signal breakout with potential bullish implication. It will then try to retest the previous all high at $0.445.
If it breaks below $0.28, it will find further support at $0.26 and $0.24. Stop loss at $0.24 if violated with volume.

Happy Trading.

Hi sunflower22,
LUSTER:
Bro Lz has posted before on this stock and I will comment from there as follows:

Posted by Lz Lee Weiping > Jun 24, 2014 08:18 AM
KLSENEWBIE - LUSTER:
Currently trading in a rectangle in between the resistance level of 0.115 and support level of 0.1. The next support level is 0.085 and the next resistance levels is 0.13 and 0.14. If it's to break from 0.115 with volume it will retest it's next resistance. stop-less at 0.085.

11/07 (12.20pm):
It is still under consolidation. After it has broken the immediate support at $0.10 on 01/07, it moves in range between $0.095 and $0.105. It breaks above $0.105 with volume, the immediate resistance will be $0.11 and $0.12. It retraces further, it will find immediate support at $0.09 and $0.085. Yes, stop loss at $0.085 if violated with volume.

Happy Trading...

Hi tsy88,
INSAS:
It is bullish after brokeout above the downtrend line at $1.27 today with very strong volume. It also broke above the immediate resistance at $1.32 but could not sustain and closed below it at $1.31. If it manage to break above $1.32, it should move to retest the previous most high at $1.36.
If it fails, it most likely to retrace into consolidation with immediate support at $1.28 and $1.19. Stop loss at $1.18 if violated with volume.

Happy trading..

Hi tsy88 - Congrats. $$$ in the pocket.

Hi bro Profitman,

Appreciate your input on BHS. Yes that divergence is a good point to take note as well. Thanks!

Hi tsy88,
BHS:
It is bullish after broken out above resistance at $2.06. However, the sustainability of the breakout is in question as the volume is not convincing – merely just above 30days volume MA. Do take note that the precious breakouts of this stock were always with strong volume. Hence, it is best to confirm this breakout whether it is into a valid bullish mode or not, by monitoring the price movement and its volume for the next 2 days. If it continues to scale higher, it should be testing the immediate TP of $2.24 and beyond thereafter. If you have bought this stock before the breakout, remember to set trailing stop to protect your profit and capital.

If it retraces, it will find immediate support at S1-$2.06, S2-$1.95 and S3-$1.88 respectively. Depending on your risk profile, set stop loss at $1.88 if violated with volume.

Happy Trading.

Hi aikwais,
MATRIX:
It is bullish after broken out above resistance at $4.26 with some volume. Today it also broke the next immediate resistance at $4.30 forming 3 white soldiers candlestick pattern which indicates bullishness. The price almost hit TP1 at $4.41 today but closed at $4.40 instead, due to lack of bigger volume and because of the natural psychological (invincible) resistance formed by round number (in this case - $4.40). If it breaks above $4.41, it should try to move to the next TP2 at $4.64.
If it retraces, it will find immediate support at S1-$4.26, S2-$4.15 and S3-$4.04 respectively. Stop loss at $3.96 if violated with volume.

Happy Trading.

Hi humble_bee,
MRCB:
This stock is very bullish after broken out above $1.67 on 23/06 with volume. It had some pull back due to heavy selling on the following few days before resuming upwards. Today it reached TP1 - $1.75/1.76 (after breakout) with some volume. It needs to break $1.77 to scale higher to reach the next TP - $1.81.
If it retraces, the immediate support is at $1.74, follows by $1.67 and $1.59 respectively. Stop loss at $1.59 if violated with volume.

Happy trading.

Hi skyland,
LCTH:
This stock is very bullish. It broke out from the ascending triangle at $0.30 on 23/06 but fell back the following 3 days due to heavy selling. It found support @ $0.28 (formed by the gap up on 18/06) and started to move upwards the last 3 days resuming it bullishness. Please note that the 3 white soldiers candlesticks pattern formed indicates bullish bottom reversal signal. The immediate TP is $0.36 follows by TP2 - $0.395/$0.40.
If it retraces, the immediate support is at $0.32, follows by $0.30 and $0.28 respectively. Stop loss at $0.26 if violated with volume.

Happy trading.

Hi lottolearn,
Sorry that we missed out to update Melati. We maybe also got confused with all the football talk in our thread. haha..

MELATI:
Lz Lee has posted on Melati before and I will update as follows:
Posted by Lz Lee Weiping > Jun 20, 2014 11:16 PM
-bullish, breakout from a small rounding bottom
-the breakout point was 1.32
-support level of 1.34, 1.32 and 1.29
-resistance level of 1.42 and 1.4
-if it breaks 1.42 with volume then it will head north to an uncharted region
-if the resistance can't be broken it will probably consolidate
-TP is 1.4 and 1.46
-stop-loss at 1.12

30/06 (12.10pm):
Currently is under consolidation after failing to sustain upon breaking the resistance of $1.42 and closed lower at $1.39 on 23/06. Today the price movement has reversed upward and potentially will re-test the resistance of $1.42. However, the volume so far is low. Do monitor today's (with confirmation of tomorrow's) price movement so to determine whether it will resume its price upward trend or it may continue to consolidate. The immediate supports remain as above.
I remember that your entry price is $1.38. Depending on your risk profile, you may want to set your stop loss at $1.29 if violated with volume.

Happy Trading…

Hi tsy88,
OCB:
This stock is in bullish trend with a gap up on 27/06 to reach a new all-time high of $0.995 with very strong volume. An estimate TP of $1.04/$1.05 if the price continues to move up. However, do take note that there is a recent price/RSI divergence which indicates a potential slowing momentum and this may mean the gap up may be potentially filled up downward.

If it retraces, it will find the following supports at S1-$0.90, S2-$0.85 and S3-$0.75 respectively. Depending on your risk profile, you may want to set a stop loss at $0.75 if violated with volume.

Happy trading.

Hi Bonus /CautiousTrader,
JAG:
This stock is currently under consolidation. After reaching the high of $0.69, it gone into a big pull back to $0.23 before it started climbing back. Unfortunately, it couldn’t break above the resistance at $0.39 which would have a bullish implication if it broke out with volume. It is currently supported at $0.35. If it turns back up, the immediate resistance is again at $0.39 follows with $0.475. Please note that if its break above $0.39, it probably still need to clear some overhangs before able to reach $0.475.

If it retraces further, it will find next immediate support at $0.335 and $0.295 respectively. Stop loss if $0.23 is violated with volume. Do take note that 2 full red candlesticks (one lower than the former) was formed on the last 2 trading days. If the price movement on Monday forms yet another full and lower red candlestick, three black crows pattern can be formed which indicates potential top reversal signal (bearish). The momentum is currently moving downward.

Happy trading.

Hi Dino Limo,
PRESBHD:
This stock is currently under consolidation. It broke out above an immediate resistance at $1.88 with volume yesterday but could not move further up today due to selling pressure and closed the same price at $1.91. The new immediate resistance is now at $1.96. If it moves up and able to break $1.96 with volume, it will try to break the next resistance at $2.04. Breaking above $2.04 resistance with volume will have a bullish implication (buy signal) and goes into uncharted territory after the bonus split @ 30/04. An estimate target price will be around $2.17.
If it retraces, it will find an immediate support at $1.88 and $1.77 respectively. Stop loss if $1.71 is violated with volume.

Happy trading.

Hi aikwais,

PADINI:
It is under consolidation with range movement between $1.87 and $1.97. A break above $1.97 with volume signal breakout (buy signal). However, based on the last 2 weeks price movements, it has to first break an immediate resistance at $1.94 before able to move further upwards. The following resistance after $1.97 would be at $2.06. In short, R1-$1.94, R2-$1.97 (buy signal if breakout with volume) and R3-$2.06.
If the price retraces, it will find immediate support at $1.87 and $1.83 respectively. Stop loss if $1.80 is violated with volume.

Happy trading.

Hi farue,
MKLand:
Bro Profitman has posted on MKLand before on two different dates and I will add further to it as follows:
Posted by profitman > May 21, 2014 09:51 AM
Reading as at 19/5/2014:
Currently under correction since hitting 3 yr high of 0.56. Have retraced about 61% from commencement of current uptrend started 15/4. Now trading in a rectangle from 5/5, with the resistance line at 0.505 and the support line at 0.48. Support of 0.48 seems to be holding well temporarily. A break above 0.505 with volume will see it re-test the high of 0.56 whereas a break below the support line will see it trend towards 0.45.
Immediate support is at 0.475 and 0.45 respectively. Resistance = 0.56.
As at 21/5 9:50am:
Broken support line. Will test next 0.45 support level.

*********
22/06/14:
It is still under consolidation with range movement between $0.455 and $0.505. After the resistance at $0.485 was broken on 16/06, this level has turned into immediate support where it was tested on last Friday (20/06) and sustained. A break above $0.505 with volume would signal breakout (buy signal) and it will try to move to the next resistance at $0.54 and $0.56 respectively.
If the price breaks below $0.48, it may retraces back to the next support level at $0.455. Stop loss if $0.43 is violated with volume.

Happy trading.

Hi optimusx8888,
KNM:
Bro Matrix has posted on KNM before and I will add further to it as follows:
Posted by matrixcool > Jun 18, 2014 10:33 PM
18/06/14
KNM – Trading in uptrend channel with Range $0.79 to $0.865 (Higher Low and Higher High and these values keep moving higher). Formed an Engulfing Bull yesterday, but today closed at $0.835 which is indecisive whether it is the last engulfing top. Will clear if can’t break above $0.845 soon.

22/06/14:
It is still on uptrend movement and managed to break above $0.845 & $0.865 on 19/06. The next resistance will be at $0.89 and $0.925 respectively. If it fails to break above $0.89 soon, it may goes into consolidation. If it retraces, it will find immediate support at $0.82 and $0.775 respectively.
Stop loss if $0.74 is violated.

Happy trading.

Hi limayseng,
KSENG:
This stock is under consolidation with sideways movement between $6.90 and $7.19. Currently, seems to have formed a support base at $6.92. If it manages to break above $7.19 with volume, it will need to fill up the gap down formed on 24/04 with the resistance at $7.38 before it can subsequently test the next resistance at $7.54.
If it breaks below $6.92, the immediate support would be at $6.86 and $6.66 respectively.

Happy trading.

Hi Tiongms,

FPI:
Bullish with positive momentum and upward trend. It managed to finally break the resistance level of $1.00 yesterday (formed due to the gap down occurred on 28/06/10) after 3 attempts of breaching but failed to sustain on 16/04, 22/05 and 18/06. Today’s price movement so far looks like profit taking day and could be taking a breather after days of upward price movement. It needs to break $1.04/$1.05 level to fill up the previous old gap down first before it can move further up. Following resistance would be at $1.07 and then $1.10.
If it breaks below 1.01, it will find immediate support at 0.955 and 0.93. Exit if 0.915 is violated.

Happy trading.

Hi Sunshine96,

SUPERMX:
Very bearish. It is actually at stage 4 of the cycle which should be avoided at all cost as it is on downtrend direction. You can see the big pull back with lower highs and lower lows since the highest point at $3.08 on 11/02. For the last few days, it is moving sideways at the support of $2.16. If the price goes up, the immediate resistance will be at $2.26 following with $2.33. Please note that if it manages to break above the downtrend line @ $2.33, it still needs to clear lots of overhangs.
The momentum does not seem to be picking up at the moment. If break below $2.16, the immediate support will be @ $2.12 with main support @ $2.06. Cut loss if $2.06 is violated.

Please note the the best cycle to trade on is at cycle 2 where it is on uptrend bullish movement.

Happy trading.

Hi Shukriechek,
I have given a posting on Sycal on 16/06 to Sunshine96 following Profitman's as follows:

SYCAL:
on 06/06 posted by ProfitMan
Bullish and under consolidation at the moment. Can expect it to trade sideways in the very short term on reduced volume. However, its overall uptrend should remain intact.

Immediate support = 0.38 ; S2 = 0.345
Immediate resistance = 0.40 ; R2 = 0.425

closing 16/06:
It is still on uptrend but under consolidation with sideway movement between $0.38 to $0.43. Broke the $0.40 resistance on 10/06 but due to lack of volume, it pulled back to $0.405 on 13/06 ($0.40 old resistance become a new immediate support) forming an inverted hammer indicating potential bullish reversal. The main support is at $0.38.
Today the volume has picked up (abt 2.5mil) but still below 30days MA vol. Currently looks like still consolidating between the 2 price range. If it breaks the $0.43 resistance with volume, it will try to move to the next resistance of $0.455.

19/06:
After forming the inverted hammer on 13/06, there price has gone up the next 2 days and broke the R$0.43 yesterday, closing at $0.435. However, a doji is formed yesterday which can mean a potential price reversal. If the price closes below $0.43 with volume today, it may resume its sideway movement and moves to the next immediate support of $0.40.

Happy trading.

Hi tsy88, if you want to trade this stock (or any stock for the matter), I encourage you to have a plan of target price and stop loss and be discipline to follow through. As what bro. Matrix has mentioned before, we can enter into any stock so long we have a trading plan. :)

All the best and happy trading.

Welcome Chenlai. Happy trading.

Hi Chenlai,
BRIGHT:
After hitting a high of $0.825 on 18/04 since beginning of Y2014, it went into a big pull back to $0.625 on 09/06. Please note that it may potentially form an Inverted Head & Shoulder with neckline at $0.72. Breaking above $0.72 with volume signals breakout (buy signal) to immediate target of $0.815/0.825. Stop loss if $0.625 is violated.

Happy Trading.

Hi tsy88,
AMPROP:
Today's doji form just shows indecisive signal. It may have been a profit taking day. Every stock when going up still needs space to breath before continues. Amprop is still on uptrend. But need to see tomorrow's price movement to determine its further direction. Just remember to set a trailing stop to protect your profit.

Happy trading.

Welcome tsy88. Happy trading.

Welcome sunshine96. Happy trading.

Hi tsy88,

AMPROP (by closing of 16/06):
Very bullish with higher high and higher low. There was a breakaway gap with huge volume on 23/05 after consolidating since 24/04. Though the gap was filled partially to $1.03, it became a good support for further uptrend with 2 more gap ups with good volume (above 30d MA vol) on 10/06 and today (16/06). The price yesterday also managed to break the uptrend line resistance. However, the candlestick form resembles a shooting star showing a potential price reversal. Today price movement can help to confirm the direction of the trend. TP1 is $1.22 and TP2 is $1.34.
Immediate support is at $1.17 & $1.12 with main support at $1.03. Stop loss if $1.03 is violated with volume.

Today the opening is a gap up and has reached TP1 but need to hold with volume. If closes strong with volume today above TP1, it will try to reach TP2. Do remember to set trailing stop to protect your profits.

Happy Trading!

Thanks Matrix. Will give my 2c TA reading in future whenever I can. Also learning from you and others.

Hi Sunshine96,

SYCAL:
on 06/06 posted by ProfitMan
Bullish and under consolidation at the moment. Can expect it to trade sideways in the very short term on reduced volume. However, its overall uptrend should remain intact.

Immediate support = 0.38 ; S2 = 0.345
Immediate resistance = 0.40 ; R2 = 0.425

Today (16/06)
It is still on uptrend but under consolidation with sideway movement between $0.38 to $0.43. Broke the $0.40 resistance on 10/06 but due to lack of volume, it pulled back to $0.405 on 13/06 ($0.40 old resistance become a new immediate support) forming an inverted hammer indicating potential bullish reversal. The main support is at $0.38.
Today the volume has picked up (abt 2.5mil) but still below 30days MA vol. Currently looks like still consolidating between the 2 price range. If it breaks the $0.43 resistance with volume, it will try to move to the next resistance of $0.455.

Happy trading!

Hi Matrix, thanks for the explanation on 'overhang'

Hi Matrix/SF - can you explain what's "too many overhang to clear" as listed below? Tq.

Posted by stay_foolish > Jun 12, 2014 11:38 PM | Report Abuse

newbie

BJCORP

Read by Matrixcool on 6 May

BJCorp—Very bearish, stage 4 of the cycle maybe over at the new bottom of $0.49. It is expected to start stage 1 of a new cycle if $0.49 holds. Expect rectangle trading between $0.40 to $0.565 with immediate resistance at $0.52/$0.54. If you are thinking of bottom fishing do set an exit point be low $0.49 (That means stage 4 cycle is not over if $0.49 is violated.)

Read by Matrixcool on 11/06

BJCorp --The scenario remains the same that is very bearish except $0.49 is violated and found a new low of $0.455 and yet to be tested.Can you tell me are you trying to bottom fishing? As I always say we will avoid stage 4 counter at all cost.

After reading on 12/06

The white bull candle with volume break through 0.495 and test 0.505. Expect rectangle trading between $0.40 to $0.565 with immediate resistance at $0.52/$0.54. If you are thinking of bottom fishing do set an exit point be low $0.49 (That means stage 4 cycle is not over if $0.49 is violated.) There are too many overhang to clear. Need to absorb new buyers to stay above 0.54.

Hi TCB,
FYI Tadmax - TP 0.82
(i) acquiring strategic assets, including local plantation companies or landbanks,
(ii) landbanking for property development,
(iii) expanding its construction business by bidding for RM400m – RM1.0b contracts every year./-Kenanga

Looks to me yesterday it crossed above 50MA with volume and momentum picking up. Today currently, it is holding @ RM0.505.

Happy Trading.

Hi Matrix - agree with Profitman. Really appreciate the dinner you had arranged for some of us. I personally have enjoyed it very much especially the sharing of trading ideas from you and profitman. Thanks and look forward to better trading.

Posted by ProfitMan > May 11, 2014 10:05 PM | Report Abuse

Matrix - a sincere thank you for organizing and paying for the dinner last night. It was great to meet up with you personally together with the other forum members and the exchange of trading ideas and experiences were most useful and enriching. Nothing beats hearing from the man himself, i.e, you. Really appreciate your genuine and sincere intentions in getting us to trade the right way and sharing your knowledge with us.

Morning Profitman. Hope u r doing well.

Matrix- just sent to your email. If too late, I will join the next one. Meanwhile, happy and successful trading everyone!!