The stocks that i mentioned are only my own opinions. please do not take them as buying opportunities. Like evryone else i made lots of mistakes too..
1) GOB--Completed the cup and saucer pattern. More upward is espected from this stock. Immediate Reisstant at $0.945, strong resiatnt at $1.00 with possible target price of $1.08.
Supports are adjusted to $0.89 and stronger resistant @$0.865.
My profit protection is at $0.865.
2) ALAM--It is in FLAG consodilation for the past 23 sessions,it may break out from the Flag very soon.The first signal is when it break above $1.55 and confirmation if can break and stay above $1.62 with volumes.
Support is adjusted to $1.47.
3)Huayang--Have been inside of Trading ranges of $3.05-$3.22 for the past 24 sessions.A break above the trading range of $3.22 will take it to the next resistants @ $3.34 with possible target of $3.40.
Will limit my losses if break below $3.00.
4) E&O--Broke out from the sysmetrical triangle on 12/8 and hit the high of $2.27 on 16/8. It is back to consolidation and may offer some buying opportunities.I am buying back after dispose mine average $2.24 earlier.
Supports are at $2.04/$2.00
If can stay above $2.10 it may re-try its previous high of $2.27.
Will limit my losses if break below $1.97.
Happy Trading....
1)MUHIBAH—It issued a short term BUY signal when breaks above its downtrend line of $2.35 today ( medium term the downward momentum has slowed sown). I collected some at $2.36, even though it is at stage 3 of the cycle (Distribution stage) and price could be volatile. Please trade with caution and I will lock in profits whenever opportunity arises. 3 white candles for the past 3 days which is bullish it is expected to trade higher to next resistance of $2.48/$2.56, a break above may see it re test previous high of $2.72. Immediate support adjusts to $2.28/$2.25. Exit if $2.23 is violated.
2) PERISAI— Some consolidation is expected for Perisai in near term, trading range most likely to be from $1.48 to $1.57, next resistance is at $1.60. Any weakness towards support offer opportunities to collect for future play as it is expected to trade higher in the medium term. If it breaks $1.60 will try the previous high of $1.70. Stop Loss if $1.42 is violated.
3) TAS— It is trading sideways between $1.08 to $1.15. The upward momentum has increased lately and it is most likely to break above $1.15 with volume (Signal short term BUY, I may scale in more shares) will re test $1.20 and the previous high of $1.26. Immediate support adjusts to $1.08/$1.04. I have increased my Stop Loss level at $0.99 (if violated).
4) TDM— Form another “Doji” during downtrend today indicates indecision (a trend Reversal?), tested immediate resistance of $0.97 but failed to clear it on Friday. A break above $0.97 will take it to $0.99/$1.00 (Gap Resistance formed on 29/11).Immediate support adjust to $0.94/$0.93. I have increased my Stop Loss from $0.90 to $0.93(if violated) to minimize my losses.
I cleared all my ENGTEX at $1.71 and SUPERMX average $2.83 to lock in my profits.
I am monitoring MPHBCAP, ENGTEX, SUPERMX, ALAM , WEIDA as suggested by ProfitMan & L&G suggested by sephiroth.
INARI—Stage 2 of the cycle and very bullish in the medium term.The medium term upward momentum has not violated and may try next resistance at $1.75 & beyond if $1.65 is taken out. Some correction is expected as RSI and Price had formed Bearish Divergence since 27/11 implies undertone is weaker than though in near term. Any consolidation will find immediate support at $1.60/$1.58 and strong support at $1.54/$1.47. Any weakness offer buying opportunity for future play. First sign of trouble if $1.40 is broken.
Today CAP gaped up a little and formed an inverted hammer with volume. Is this a confirmation of bullish breakout? Just dont know if my TA analysis is correct or not. Can you help to evaluate?
1)MUHIBAH—Instead of testing the next resistance of $2.48 it is heading back down to the sideways trading range of $2.25--$2.48 (Rectangle Pattern).The weak close of a bearish candle today has slowed down the upward momentum. Unless it could close above $2.35(The BUY signal issued yesterday) to challenge the breakout level of $2.48 it is most likely to re test strong support of $2.25/$2.23. Stop Loss if $2.23 is violated.
2) PERISAI— As suggested it consolidates further with reduced volumes which is healthy. Still trading in the trading range of $1.48 to $1.57.I collected another 50% of shares at $1.51 and may add more on any weakness towards support of $1.48. It is expected to trade higher in the medium term. If it breaks $1.60 will try the previous high of $1.70. Stop Loss if $1.42 is violated.
3) TAS— As suggested it broke above $1.15 with 2X Av volumes which I scale in further 20% of shares, now my average cost has increased to $1.09. 3 White Candles for the past 3 days which is on Bullish Trend, more upward movement and it is expected to test immediate resistance of $1.20 and having immediate TP of $1.26/$1.30. Any consolidation may find support at $1.15/$1.14( Resistance turns support). Strong support is at $1.08/$1.04. I have increased my Stop Loss level to $1.03 (1 bid below $1.04).
4) TDM— Showed more weakness today and rested on the support at $0.94. A break below $0.94 spell more troubles and most likely to head towards the next support at $0.905.Any rebound should find resistance at 40.96/$0.97. Stop Loss at $0.93 if violated (or may clear at any rebound opportunity to lessen my losses).
I am monitoring MPHBCAP, ENGTEX, ALAM , WTK
P/S Miketyu—CAP, no breakout from CAP, it may have found a new bottom at $0.36 and it is starting a new cycle (Stage 1 accumulation stage),Some accumulation is evident lately and the price is expected to move up steadily in the near term towards strong resistance at $0.45. A break above this level with volumes signal Breakout from round bottom with an immediate TP of $0.54 & beyond, and it also start stage 2 of the cycle and many traders like me will start to chase the stocks too…
1)MUHIBAH—Consolidate further and still trading inside the rectangle trading range of $2.25--$2.48. The volume has reduced tremendously during consolidation which is a healthy sign. Any rebound should find resistance at $2.37/$2.43. The stock is still on uptrend but the momentum has slowed down, it is most likely to test its next support of $2.28/$2.25. Stop Loss if $2.23 is violated.
2) PERISAI— Still under consolidation inside trading range of $1.48 to $1.57. 3 Black candles for the past 3 days imply Bearish downward sentiment. Any further weakness towards support of $1.48 offer opportunity to accumulate for future play. It is expected to trade higher in the medium term. Any rebound will find immediate resistance at $1.57/$1.60. Stop Loss if $1.42 is violated.
3) TAS— As suggested move higher to test immediate resistance of $1.20 but failed to clear it. It formed a Doji today while moving upward. First sign of indecision and a warning that it may takes a breather to consolidate unless it could break above $1.20 with volume. Any weakness should find immediate support at $1.15/$1.14,Strong support at $1.10. I have raise my Trailing Stop to $1.10( if violated) to protect my capitals. Please note I may also sell into strength to lock in my profits if $1.20 couldn’t be broken soon.
4) TDM— Formed a Gravestone Doji (normally a Bearish sign) but during downtrend may see price reverse upward if $0.94 holds. Any rebound should find resistance at $0.97/$0.99.A break below $0.94 spell more troubles and most likely to head towards the next support at $0.905. Stop Loss at $0.93 if violated (or may clear at any rebound opportunity to lessen my losses).
I am monitoring MPHBCAP (A technical rebound is on the card and $1.70 is holding well), ENGTEX, ALAM , WTK.
1)MUHIBAH—Consolidate further and still trading inside the rectangle trading range of $2.25--$2.48. The volume has reduced tremendously during consolidation which is a healthy sign. Any rebound should find resistance at $2.37/$2.43. The stock is still on uptrend but the momentum has slowed down, it is most likely to test its next support of $2.28/$2.25. Stop Loss if $2.23 is violated.
2) PERISAI— Still under consolidation inside trading range of $1.48 to $1.57. 3 Black candles for the past 3 days imply Bearish downward sentiment. Any further weakness towards support of $1.48 offer opportunity to accumulate for future play. It is expected to trade higher in the medium term. Any rebound will find immediate resistance at $1.57/$1.60. Stop Loss if $1.42 is violated.
3) TAS— As suggested move higher to test immediate resistance of $1.20 but failed to clear it. It formed a Doji today while moving upward. First sign of indecision and a warning that it may takes a breather to consolidate unless it could break above $1.20 with volume. Any weakness should find immediate support at $1.15/$1.14,Strong support at $1.10. I have raise my Trailing Stop to $1.10( if violated) to protect my capitals. Please note I may also sell into strength to lock in my profits if $1.20 couldn’t be broken soon.
4) TDM— Formed a Gravestone Doji (normally a Bearish sign) but during downtrend may see price reverse upward if $0.94 holds. Any rebound should find resistance at $0.97/$0.99.A break below $0.94 spell more troubles and most likely to head towards the next support at $0.905. Stop Loss at $0.93 if violated (or may clear at any rebound opportunity to lessen my losses).
I am monitoring MPHBCAP (A technical rebound is on the card and $1.70 is holding well), ENGTEX, ALAM , WTK.
1)MUHIBAH—As suggested consolidated further with reduced volumes and tested immediate support of $2.28. It forms a Doji today meaning indecision, is the price about to reverse? Expect some rebound soon if $2.31 is taken out it is expected to move upward to $2.37/$2.40 levels.( Still inside the Rectangle trading of $2.25 to $2.48). I may clear the stock at any rebound to protect my capitals. Stop Loss if $2.23 is violated.
2) PERISAI— Still under consolidation in the trading range of $1.48 to $1.57. 4 Black candles for the past 4 days imply Bearish downward sentiment. Any further weakness towards support of $1.48 offer opportunity to accumulate for future play as the uptrend is still intact. It is expected to trade higher in the medium term. Any rebound will find immediate resistance at $1.57/$1.60. I have increased my Stop Loss if $1.45 is violated.
3) TAS— As suggested the Doji formed yesterday is shadowing the upward movement of TAS in the short term. Unless this Doji at $1.20 is taken out it may consolidate sideways towards immediate support at $1.15/$1.14, Strong support at $1.10.If break above $1.20 will find strong resistance at $1.26( previous high). I have raised my Trailing Stop to $1.10 ( if violated) to protect my capitals. Please note I may also sell into strength to lock in my profits if $1.20 couldn’t be broken soon.
4) TDM— Briefly broke the immediate support of $0.94, another sign of warning that it may actually head southward if $0.94 fail to hold. Downward momentum has slowed down and any rebound should find resistance at $0.97/$0.99.A break below $0.94 spell more troubles and most likely to head towards the next support at $0.905. Stop Loss at $0.93 if violated (or may clear at any rebound opportunity to lessen my losses).
I am monitoring MPHBCAP (Support of $1.70 is holding well), SUCCESS (Further consolidation offer buying opportunity),ENGTEX ( May re enter if can break above $1.71)
1)MUHIBAH—Still trap inside Rectangle trading range of $2.25 to $2.48. 4 black candles past 4 days imply bearish sentiment may test $2.25/$2.23. Any rebound will find immediate resistance at $2.34/$2.37. I may clear the stock at any rebound to protect my capitals. Stop Loss if $2.23 is violated.
2) PERISAI— Still under consolidation in the trading range of $1.48 to $1.57. 5 Black candles for the past 5 days imply Bearish downward sentiment. Any further weakness towards support of $1.48 offer opportunity to accumulate for future play as the uptrend is still intact. It is expected to trade higher in the medium term. Any rebound will find immediate resistance at $1.57/$1.60. I have increased my Stop Loss if $1.45 is violated.
3) TAS— As suggested the Doji formed 2 days ago is shadowing the upward movement of TAS in the short term & it also tested the support of $1.15/$1.14 today. The upward momentum has slowed down so more consolidation can be expected.Strong support is at $1.10, any rebound will find resistance at $1.20 and strong resistance at $1.26( previous high). As the counter is still on uptrend in the medium term I have reduced my Trailing Stop to $1.04 ( if violatedd) to give it more rooms to maneuver.
4) TDM— The immediate support of $0.94 holds which is a good sign,as suggested the downward momentum has slowed down so more rebound could be expected to $0.97/$0.99. A break below $0.94 spell more troubles and most likely to head towards the next support at $0.905. Stop Loss at $0.93 if violated (or may clear at any rebound opportunity to lessen my losses).
I will be away and prepare for my weekend Marathon in Chiangmai, might not be able to update. Will be flying home for Xmas after the run, would like to wish everyone Merry Xmas !!
ooi1955 fitman..thanks and Merry Xmas to you and family.. Enjoy the festive season with your love ones and appreciate those that help us... 2013 has been good and kind to us in the stock market. Cheers !!
Hi Matrixcool, wishing you and family a Merry Christmas and thank you for your analysis on my stocks. 2013 has come to an end and I have profited from the stock market. Hopefully 2014 will be a better year. Hope you will continue to analyse stocks for investor benefit. Thanking you so much.
Matrix I am a newbie to your blog. But have been trading shares for quite a while. Am a newbie at 932kaki as well. The counters you write up are counters you are watching/hold.? Notice you have very good write ups. Do you write up on only fundamentally sound sticks? Hope I am not imposing too much with my question.
1n1792, welcome to this thread. Oh Ya, Merry Xmas to all my friends..
I just got back from my year end holiday.. Didn't have time to look at any chart yet. Still in holiday mood. I am a Short term traders as I use daily candlestick for my chart analysis, candlestick may be able to tell a stock is moving up/down but I have no idea how long it will go up and how high it can move. So I may sell a stock say the signal reverse to lock in profits or protect my capitals.
I am holding these 4 stocks at the moment: Muhibah, Perisai, TAS and TDM…Most probably will carry forward to 2014. Next year I may change my thread format more towards sharing TA knowledge and my trading experiences than daily analysis of the stocks I am watching.
I am not an FA but if you have any stocks you might like to know about their movement maybe I can help to analyze for you.
matrix, welcome back to malaysia, merry xmas and have a superb exciting trading new yr and cny. just to highlight to u most wood stocks(homeritz,hevea,eksons,pohuat) are heading north
sephiroth, you are spot on again..look like big ang pau for you this CNY from the stock market.
Thanks for highlighting homeritz,hevea,eksons,pohuat to me.. i will put into my watch list and may be do a technical study later. Tonight kind of busy because my team MU is playing..
Anyway 2013 has been kind to me and i am happy for the $$$ i made in the stock market til now. The satisfaction is about the same when i crossed the finishing line of Chiangmai Marathon. There were pains, joys but the satisfaction is great !
Happy new year to you. Looking forward to your new thread format and listen to your views and experiences.Next year will be even more volatile year I presume for trading as 2 sectors are difficult to trade ie. property due to regulations in place and palm oil sector at best would be neutral in the first half.Oil and gas would be momentum driven as valuations are expensive and not noted for kind dividends.
CBIP—Very Bullish and it is an uptrend counter (Higher high and higher low). Broke out from the round bottom on 14/11/2013 with volumes and has an immediate target of $3.38/$3.43. Short term it is under sideways consolidation after hitting high of $3.28 on 11/12, expected trading range of $3.16 to $3.26. This is an ambiguous period as the price can move either way but based on downward momentum has slowed down lately it is more likely to move higher. A break above $3.28 signal more upward movement whereas a break below $3.16 means more downward consolidation could be expected.
1) MUHIBAH—narrow trading range of $2.26 to $2.34 in the near term. Still on sideways movement, but the upward momentum has increased imply maybe more rebounds could be expected in the near term. Any rebound will find resistances at $2.37/$2.43. Breakout level is at $2.48. Stop Loss if $2.23 is violated.
2) PERISAI— Still under consolidation in the trading range of $1.48 to $1.57. Long term uptrend is very much intact.The support of $1.50 seems to be holding firm, it is expected to test its immediate resistance at $1.57. A break above with volume signal consolidation is over and it should scale higher to its strong resistance of $1.65 and immediate TP of $1.70 (Previous High). I have increased my Stop Loss if $1.48 is violated.
3) TAS— As suggested the Doji formed on 17/12 at $1.20 is shadowing the upward movement of TAS in the short term. Unless $1.20 is taken out it is expected to trade between $1.10 to $1.20. A break above $1.20 with volumes will take it to $1.26(Previous High) and beyond. Stop Loss if $1.04 is violated.
4) TDM— Narrow trading range of $0.94 to $0.96.The upward momentum has increased so it is most likely to re-test $0.97/$0.99 level. A break below $0.94 spell more troubles and most likely to head towards the next support at $0.905. Stop Loss if $0.905 is violated.
I am monitoring FITTER ( Support of $0.72 holds firm).
Note : My New Format for 2014 of the stocks I trade : (I could not put it into a Table Form as the limitation on the forum column). Example:
MUHIBBAH— Av Price=$2.35( Closing=$2.35, P&L=0%), Trailing Stop=$2.23. Risk=5%. Tp1=$2.48, TP 2=? (Trading Range $2.26 to $2.48.)
Av Price-- price i bought in and it will be adjusted if i scale in. Closing -- today closing price. P&L -- Paper Profit and Loss. Trailing Stop-The cut loss or protect profit levels. It will be adjusted accordingly. Risk-The stop loss percentage if the trade moved against me. TP1 &TP2--Target Price. For example no point to set a TP2 unless MUHUBAH break above $2.48. Trading Range--For example if the stock stays inside the trading range I will not update that stock.
Once I simplified the stocks I traded I intend to use the other space to discuss with everyone here on my trading experiences including mistakes , TA etc..
Tq Connie...I feel it is no much point to talk about the stocks i am trading especially the stocks are trading sideways.. Merry Xmas to you too. Hope 2014 will be an wonderful year for you...
30th DEC
1) MUHIBAH— As suggested rebounded further but failed to clear $2.37/$2.43. It is expected to move higher to $2.37/$2.43. Very strong resistance is at $2.48 (Also the breakout level from the Rectangle Trading). Any weakness will find support at $2.26/$2.23. Stop Loss if $2.23 is violated.
2) PERISAI—Short and Midterm uptrend is very much intact. The support of $1.50 seems to be holding firm, it is expected to test its immediate resistance at $1.57. A break above with volume signal consolidation is over and it should scale higher to its strong resistance of $1.65 and immediate TP of $1.70 (Previous High). I have increased my Stop Loss if $1.48 is violated.
3) TAS— As suggested the Doji formed on 17/12 at $1.20 is shadowing the upward movement of TAS in the short term. Unless $1.20 is taken out it is expected to trade between $1.10 to $1.20. A break above $1.20 with volumes will take it to $1.26(Previous High) and beyond. Stop Loss if $1.04 is violated.
4) TDM— Narrow trading range of $0.94 to $0.96.The upward momentum has increased so it is most likely to re-test $0.97/$0.99 level. A break below $0.94 spell more troubles and most likely to head towards the next support at $0.905. Stop Loss if $0.905 is violated. I am monitoring :
a) SUPERMX—Most likely to break out from the Ascending Triangle. May start to collect. b) FITTERS--Breakout from $0.77 today with volumes. It has an estimated TP of $0.86.Any weakness towards immediate supports of $0.77/$0.76 offer opportunity to collect for future play. A break above $0.80 will take it to $0.86 and beyond. c) PERDANA---Steady upward movement after breaking out from $1.50 two days ago. d)GHLSYS—May Offer Short Term trade based on Technical Rebounds.
Matrix, good to have you back. TAS seems to be losing momentum and moving side way. Looks to me to be trading with a Price/RSI divergence also. Based on a conservative estimation, its current intrinsic value is 1.78 giving a trading margin of safety of about 36%.
In the meantime. I think it will be very range bound unless a very bullish market sentiment turns up after the New Year.
ProfitMan, you are right in your analysis of TAS but the uptrend is intact, Sideway movement of $1.10 to $1.20 at the moment, I am comfortable as long as $1.10 stays. If need to break $1.20 ( The Doji formed earlier) to carry on its upward movement.
i bought in some Perdana and GHYSys this morning..
1) MUHIBAH— Formed a “Doji” today indicates indecision.The upward momentum is intact,it is expected to move higher to $2.37/$2.43. Very strong resistance is at $2.48 (Also the breakout level of the Rectangle Trading). Any weakness will find support at $2.26/$2.23. Stop Loss if $2.23 is violated.
2) PERISAI— Short and Mid Term uptrend is very much intact. 3 white candles for the past 3 days imply upward pattern is bullish It is expected to test its immediate resistance at $1.57. A break above with volume signal consolidation is over and it should scale higher to its strong resistance of $1.65 and immediate TP of $1.70 (Previous High). Immediate support adjusts to $1.50.I have increased my Stop Loss if $1.48 is violated.
3)TAS— Sideways movement of the trading range of $1.10 to $1.20. The upward momentum has increased it may re test the “Doji” formed on 17/12 at $1.20. A break above will take it to its Previous High of $1.26 and beyond. Stop Loss if $1.04 is violated.
4) TDM—4 white candles for the past 4 days, it is most likely to breakout from the narrow trading range of $0.94 to $0.96 soon. A break above will take it to next resistance at $0.97/$0.99 level with immediate TP at $1.03/$1.05. The immediate support of $0.94 is holding well so I have raised my Stop Loss level from $0.905 to $0.935 (if violated).
Today I collected some GHYSYS (May has found a new bottom at $0.665) and PERDANA (Breakout from $1.50 a few days ago), will scale in GHYSYS if break above $0.735 for short term trade.
As I am holding 6 stocks now so won't be monitored anymore stocks and may need to carry forwards these 6 stocks to 2014.
good morning matrix...i forgot to wish u merry xmas :( this time won't forget. have a ROARING NEW YEAR matrix. here is a cool song for matrixcool...hope u like it :) http://www.youtube.com/watch?v=MwyXnft6ZVk
Thanks Connie, Scorpion used to be one of my Fav bands while i studied in UK..I watched their concerts few times too. I still listen to their songs while running long distance..Cheer me up !! You too have an wonderful 2014 ( Hopefully stock market will be kind to us like 2013)..Tonight 20 of us v have a gathering New year Eve dinner..
A very very Happy New Year to you & your family , dear Matrix. Hope you make abundance from bursa for all you kind deeds here. Thank you for sharing so willingly & generously ! : )
Been awhile since I last touch base. Juz got back from my Pilgrimage . Time really flies . Yesterday, last year gone like dust in the wind. Today 01.01.2014 is a new beginning. This reminds us tat all things r impermanent in nature.!
It is indeed wonderful to be able to usher in a brand new year with family n friends.
Here wishing u Bro Matrix n family n all my e-friends in i3investors
A very Blessed New Year fill with Abundance of Love n Laughter , Good Health n Happiness . May it brings loads of Great Things your way......oops ...n to make loads of RM RM RM from Bursa.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by matrixcool > 2013-08-21 21:03 | Report Abuse
The stocks that i mentioned are only my own opinions. please do not take them as buying opportunities. Like evryone else i made lots of mistakes too.. 1) GOB--Completed the cup and saucer pattern. More upward is espected from this stock. Immediate Reisstant at $0.945, strong resiatnt at $1.00 with possible target price of $1.08. Supports are adjusted to $0.89 and stronger resistant @$0.865. My profit protection is at $0.865. 2) ALAM--It is in FLAG consodilation for the past 23 sessions,it may break out from the Flag very soon.The first signal is when it break above $1.55 and confirmation if can break and stay above $1.62 with volumes. Support is adjusted to $1.47. 3)Huayang--Have been inside of Trading ranges of $3.05-$3.22 for the past 24 sessions.A break above the trading range of $3.22 will take it to the next resistants @ $3.34 with possible target of $3.40. Will limit my losses if break below $3.00. 4) E&O--Broke out from the sysmetrical triangle on 12/8 and hit the high of $2.27 on 16/8. It is back to consolidation and may offer some buying opportunities.I am buying back after dispose mine average $2.24 earlier. Supports are at $2.04/$2.00 If can stay above $2.10 it may re-try its previous high of $2.27. Will limit my losses if break below $1.97. Happy Trading....