Posted by matrixcool > 2013-09-01 14:04 | Report Abuse

Bro Tonylim and htyeap125,
Thanks for sharing your views..
I think we need to trade cautiously during this difficult period.
Most of the counters are doing technical rebounds and most of them not out of wood yet..

Happy Trading...

Posted by tonylim > 2013-09-01 14:21 | Report Abuse

Next few trading sessions will tell you whether thursday and friday last is a dead cat rebound. I wish we can still do buy higher sell higher market when market was approaching 1800

The word is a bit sensitive in i3 nowadays.

Posted by tonylim > 2013-09-01 14:23 | Report Abuse

I suspect many here are still trapped in value investing mindset.

Posted by matrixcool > 2013-09-01 15:36 | Report Abuse

Bro tonylim, When market turned against us some are bound to be caught due to indecision to unload. It happened to me before too.
I bought some during the rebound last 2 days and hopefully it is not "Dead Cat bound" like you said. Anyway with a propel Exit plan the pain might be minimal if turned out to be a "Dead Cat bound".

Bro Hafiz Millip, thanks for inviting and i wish you all the success on the stocks you pick.

Happy Trading !!

Posted by tonylim > 2013-09-01 15:39 | Report Abuse

hafiz, giler ko.
matrix ari ari dah buat real life stock challenge.

aper ko suruh dia challenge on paper?

Posted by htyeap125 > 2013-09-01 16:39 | Report Abuse

Bro matrix, i hv problems to look for counters to strike (trade) whenever there is technical rebounds. I wonder is there any platform or mechanism that will help me identify those counters? Hope u can share with us. TQ

Posted by matrixcool > 2013-09-01 21:39 | Report Abuse

Bro htyeap125,
There are certain signs that you can observe for a stock to do a technical rebounds…
1) The chart pattern, when a counter was beaten down and on that day it form a “Doji”, “Inverted Hammer”, “Spinning Top” and the next day candle will tell us whether it is a rebound.
2) When stochastic Oscillator %K crossed over %D and climbing out above 20 levels.
3) The 10 days EMA crossed the 30 day EMA.
4) The volumes after tapering off during the sell off suddenly increase to take the price higher.

Hope this helps…

Posted by matrixcool > 2013-09-01 22:28 | Report Abuse

My Trading Stocks for September 2013.

Market is very volatile now (May turn to Bear market if recent Index low is broken) so would advise to trade with caution and please set your own exit plan if you are trading about the same stock as me. The stocks that were carried forward from last month are as follow:
1)E&O— Uptrend is still intact as long as the ascending line is holding. Expected trading range of $1.90 (S) to $2.03( R). More consolidation is expected unless it can break and stay above $2.10 with volumes.
2)LBS—May had found the new bottom at $1.43.
It is expected to close the gap resistance at $1.74 in short term. A break above this level convincingly will take LBS back to the earlier high.
Immediate support is adjusted to $1.63 with strong support at $1.56.
Will cuts my losses if the uptrend line is compromise at $1.43 level.
3)OLdTown—Couldn’t break above $2.60 for the” Spinning Top” form on 28/8 to becomes the “Morning Star” for trend reversal. Still more rebound could be expected if $2.60 is broken in near term for next resistant of $2.67 with very strong resistant at $2.74.
Immediate support is adjusted to $2.53/$2.48 level.
(Note: may clear if can’t break $2.60)

I m monitoring these few counters for possible short term trades:
a) Alam—May re-enter during the consolidation period.
b) Puncak—A symmetrical Triangle with uptrend bias is forming.
c) Supermx—May scale new high.

Happy Trading....

Posted by htyeap125 > 2013-09-01 22:52 | Report Abuse

Bro Matrix, thanx for the valuable guidelines extended to me. I try to look at E&O chart n figure out how u get the support at 1.90 but kenanga charting system seem 2 give me problem. Will try n read the graph tmr.

Posted by matrixcool > 2013-09-02 21:41 | Report Abuse

2nd Sept.

1) E&O— Uptrend is still intact because the ascending line is still holding. Do cut all your losses if this line is violated because it is most likely to head all the way down to the $1.74 level. (Double Tops formation).
Expected trading range of $1.90 (S) to $2.00( R).
E&O needs to stay above $2.00 to reaffirm its earlier broke out of Symmetrical Triangle.
2) LBS—Try to close the gap resistance of $1.72- $1.74 today. A break above this level convincingly will take LBS back to the earlier high.
Immediate support is adjusted to $1.63 with strong support at $1.56.
Will cuts my losses if the uptrend line is compromise at $1.43 level.
3) OLdTown—Couldn’t break above $2.60 today. Tested its immediate support of $2.53 and holds.
(Note: may clear if it can’t break $2.60 or stay above $2.53)

I m monitoring these few counters for possible short term trades:
a) Alam—Consolidated as expected, monitor the gap support of $1.35 to $1.33.
b) Puncak—A symmetrical Triangle with uptrend bias is forming. May collect some for future trade when near immediate support of $2.58.
c) Supermx—May collect if consolidate further down to it supports of $2.25 levels.
d) Bahvest—If break $1.38 may re-test previous high of $1.48/$1.52.

Happy Trading....

Posted by matrixcool > 2013-09-03 20:58 | Report Abuse

3rd Sept.

1) E&O— Uptrend is still intact because the ascending line is still holding. E&O may re-test the support level of $1.90. Do cut losses if this line is violated because it is most likely to head all the way down to the $1.74 level. (Double Tops formation).
Expected trading range of $1.90 (S) to $2.00( R).

2) LBS—Yet to close the gap resistance of $1.72- $1.74 today. A break above this level convincingly will take LBS back to the earlier high.
Immediate support is adjusted to $1.65/$1.63.
(Note : Due to RSI and price formed divergence this few days may lock in profits if $1.70 is violated)

OLdTown —Couldn’t break above $2.60 and violated $2.53 support again today. Sold OldTown today to keep some profits and protect my capitals.

I am monitoring these few counters for possible short term trades:

a) Alam—May try immediate resistant at $1.44 with strong resistance at $1.48. .Immediate support is adjusted to $1.36/$1.34
b) Puncak—A symmetrical Triangle with uptrend bias is forming. May buy for future trade when near immediate support of $2.58.
c) Supermx—immediate support is at $2.31, may accumulate at next support level of $2.25 unless can break and stay above $2.40.
d) Muhibbah—If break $2.25 should try next resistant at $2.34/$2.40. Support is adjusted to be $2.10.

HAPPY TRADING……

Posted by inwest88 > 2013-09-03 21:16 | Report Abuse

Matrixcool, appreciate your daily effort to share your trading areas with i3 members.

Posted by choolooi > 2013-09-03 21:36 | Report Abuse

Thanks Matrixcool, for your sharing.
I learn a lot from you.

Posted by Metta > 2013-09-03 22:18 | Report Abuse

Bro Matrix

Thanx for your generous sharing daily. Following your cue to trade...

Bro Matrix , how and wat to look for to determine if a particular stk has break a certain level convincingly and stay .

TQ n Rgds

Posted by matrixcool > 2013-09-03 23:47 | Report Abuse

Dear inwest88,choolooi, Metta

During this difficult period ( Stock market is easy when it is in Bull Market & everyone makes $$$ on most of the stocks) if you are trading please make sure you have a exit plan before you buy.

Sis Metta, When a stock "Breakout" it must be accompanied with a volumes double or triple its average volumes .After the initial breakout it will invite sellers that are either trapped earlier or those that bought at lower price to lock in profits. As long as it can absorb all those selling and stay above the "Breakout point" (The breakout point becomes the new Support Level ) it should be trading in that direction. Vice Versa if it is a breakdown.

Happy Trading….

Posted by Metta > 2013-09-04 08:10 | Report Abuse

Happy Morning Bro Matrix

Thanks for your advise n explanation.

DJ green n hope same for us here...today will hv some free time so c if i can do some positive trading. Wish me luck ya...

Have a good day n stay happy everyone !

Posted by choolooi > 2013-09-04 09:47 | Report Abuse

Thanks for the info on breakout.
Shall watch for volume

Posted by choolooi > 2013-09-04 09:52 | Report Abuse

Yes , I do have an exit plan....
But when comes to execution , it is very hard to bring down the axe.
The emo-attachment is there.
Becoz of this I make small profit or bigger loss.

I am learning, Yes learning from your trading pattern.

Posted by matrixcool > 2013-09-04 18:24 | Report Abuse

Sis Metta & choolooi,

Thanks for sharing...

If you have an Exit plan please execute it to avoid big losses. No one is able to find winners all the time, the trick is to limit your losses and let the winners run..This is the only way to make $$$ in the stock market in a long run.
I would still like to caution you that now is a difficult time to trade as market is heading south..
I hope both of you catch some Supermx and Puncak today as mentioned in my posts.

Happy Trading...

Posted by lwalk > 2013-09-04 19:36 | Report Abuse

it is getting more and more difficult. just like stepping on thin ice everyday now :)

Posted by JTFX > 2013-09-04 20:30 | Report Abuse

Matrix, u r good at TA but it looks like u only look at the individual charts of the stocks for trading. Well, wot about keeping an eye on the chart/TA of the KLCI?? that could also give u another signal to exit n take profit esp. when it has failed again for the 3rd time above 1800?? Now technically wud that now form a strong triple top at 1800.?? Any tots on this.?? tks.

Posted by choolooi > 2013-09-04 21:08 | Report Abuse

Matrixcool, I made some $$$ from the sale of supermx which I got before this turmoil.
I did not buy puncak.
Queue to buy GOB but did not get

Thanks again for sharing your trading strategy.....lock in profits no matter how small in such turbulent waters

Posted by matrixcool > 2013-09-04 22:16 | Report Abuse

Thanks lwalk, JTFX for your comments.

JTFX i agreed with your suggestion that KLCI on 3 occasions hit above 1800 and came back down. If you use the neck line formed on 25/6 at 1723 it is more like double tops. By calculation it should dropped to 1635 level and it dropped to 1660 on 28/8 . Now KLCI is trying to stay above 1723 to close the gap that it formed on 21/8 at 1740. But if KLCI break below 1660 I think we will be talking about Bear Market for a long time.

Sis Choolooi, congratulation! Yap, doesn’t matter what others say as long as you are happy with the profits. Selling is always the most difficult part of trading.

Happy trading....

Posted by matrixcool > 2013-09-04 23:06 | Report Abuse

4th Sept.

1) E&O— Today formed and inverted Hammer with reduce volumes, maybe the selling is about over.
Uptrend is still intact because the ascending line ($1.88 as per today) is still holding. E&O may re-test the support of $1.90.
Do cut all your losses if the ascending line is violated because it is most likely to head all the way down to the $1.74 level. (Double Tops formation).
Expect trading ranges of $1.90 (S) to $2.00(R).

2) PUNCAK---Bought in Puncak today when it broke above $2.70.
As mentioned in my earlier posts Puncak has formed Symmetrical Triangle with upward biased. The volume has double today but to breakout from the Triangle it may need more volumes than this. The pivot point is at $2.88 and a break above this level will take it to its previous high of $2.97 and beyond.
Immediate support is adjusted to be $2.76 which is my tailing stop for now.

3) SUPERMX— Bought in Supermx today when It generates the BUY signal when break above $2.40 with volumes. $2.40 has becomes Supermx immediate support level. It is expected to trade higher towards its immediate resistance at $2.52 and strong resistances at $2.60.

LBS—Sold my LBS at a profits when it hits below my tailing stop at $1.70. (Note : I do not like the chart pattern because RSI and price formed divergence )

I am monitoring these few counters for possible short term trades:
a) Alam—As suggested tested its immediate resistant at $1.44 and retreat .Expect trading ranges of $1.36 (S) to $1.44 (R).

b) RUBBEREX—The chart is a very interesting one, it broke out from the “inverted Head and Shoulder” pattern on 13/8 and hit high of $0.94 (form a Spike pattern). Normally after “Spike” the stock should be heading to a new low but Rubberex rebound after hitting low of $0.725. The counter could be staging some technical rebounds to its resistance at $0.84 and strong resistance at $0.89.Immediate support is adjusted to $0.75 & strong support at $0.72.

HAPPY TRADING....

Posted by htyeap125 > 2013-09-04 23:23 | Report Abuse

Hi Bro Matrix, from the chart, i notice that the immediate support for Rubberex is 72.5 but is the resistance at 79.5 / 80? Pls advise, thanx

Posted by pirate99 > 2013-09-05 01:11 | Report Abuse

Jump start or vice versa.. sometimes bursa behave bit kinky.. haha.. :)

Posted by matrixcool > 2013-09-05 17:27 | Report Abuse

Bro htyeap125 , you are not wrong for Rubberex the immediate resistant is at $0.80 today. But from yesterday volumes and momentum it is very obvious that this level will be taken out easily today.

HAPPY TRADING....

Posted by inwest88 > 2013-09-05 20:00 | Report Abuse

Congrats matrixcool for making profits from Supermax and Puncak today !

Posted by matrixcool > 2013-09-05 20:53 | Report Abuse

inwest88,

Thanks but I haven"t sold and lock in on these 2 counters. I actually add more when they broke the levels i mentioned earlier today..
Now what i have is still paper gains..

HAPPY TRADING !!

Posted by matrixcool > 2013-09-05 22:44 | Report Abuse

5th Sept

1) E&O—Sideway movement, Expect trading ranges of $1.90 (S) to $2.00(R).

2) PUNCAK---Buy in another 50% of Puncak today when it broke above $2.88. Now my average cost is $2.80.
As suggested Puncak did breakout from the Triangle with volumes about 4x the average volumes.
Immediate support is adjusted to $2.97 with stronger support at $2.88.
The next resistant is at $3.06 if break may try $3.22/$3.30.
I will clear ½ of my holding either selling into strength or if $2.97 is violated and cleared all if $2.88 is violated to protect my profits.

3) SUPERMX— Buy in another 50% of Supermx when it breaks above $2.52. Now my average cost is $2.47.
Supermx performed better than thought to break above $2.60 and close $2.74.
If break $2.80 it will try next level of $2.87.
I will cleared ½ of my holding either selling into strength or if it cant break the $2.76 level. I will tail stop the other 50% at $2.60 to protect my profits.

4) RUBBEREX—As suggested Rubberex rebounds further to closed at $0.825. it is expected to move further in near term to try next resistance at $0.845 and if break may try $0.89.
Immediate support is adjusted to $0.81 & next support at $0.785.
(Note: Rubberex formed a spike earlier on 09/04 and after touching the neck line rebounded about 57%. So I am watching this rebound whether it is repeating its previous DNA. If Rubberex cant clear $0.845 (also 57% from the neck line) I will sell and lock in some profits.

I am monitoring these few counters for possible short term trades:

1) ALAM—It is still not out of the wood. But Alam is slowly but surely gaining more strength, a break above $1.48 with volumes may signals more upside for future play.

2) SALCON—Salcon broke down from the Ascending line on 27/08 but managed to break & stay above the ascending line today.
If can break above $0.66 it is expected to test its resistance at $0.69.
Salcom needs to break and stay above $0.69 to re-confirm its earlier Breakout from the Ascending triangle on 12/08. If that breakout is reaffirm Salcon is expected to scale to its previous high.
Immediate support is at $0.65.

HAPPY TRADING……

Posted by pirate99 > 2013-09-05 22:49 | Report Abuse

Nice sharing.. tq bro matrix.. :)

Posted by htyeap125 > 2013-09-06 00:15 | Report Abuse

Bro matrix, thanx a lot

Posted by Metta > 2013-09-06 00:58 | Report Abuse

Thanx Bro Matrix for your generous sharing n guidance

Bot Puncak 2.82 m still holding. C how it goes 2molo.

Bro Matrix, can u spare some time to browse chart for YLI ?

Regards

Posted by choolooi > 2013-09-06 01:43 | Report Abuse

Bro Matrixcool , I bought Rubberex in the afternoon at 0.815 sen.
Thanks . Shall monitor in accordance to your notes.

Posted by Luxp > 2013-09-06 08:24 | Report Abuse

Sir u are really cool .Ur sharing step by step is a great help to newcomers .god bless u with lots of wealth n health !

Posted by htyeap125 > 2013-09-06 09:02 | Report Abuse

Bro Matrix, i notice Alam forming triangle. Any breakthrough with volume will suggest an uptrend, am I right?

Posted by matrixcool > 2013-09-06 21:10 | Report Abuse

Thanks bro pirate99,htyeap125 ,and sis metta, choolooi & Luxp for all your constructive comments.

Sis Metta i will look into your YLI this weekend.

Bro htyeap25 ALAM Formed more like a "pennant"(if you ignore the candle on 28/08) then triangle..Traingle normally takes much longer to form.

Sis choolooi if you buy in Rubberrex like me do have an exit plan..I will clear and take a small losses if $0.785 is violated. I am not sure about your risk tolerances.

Sis Luxp, like everyone else i made many mistakes too..Now i can control my emotions and cut losses when it touch my exit point.. I am doing very well now except last months( Aug) i incurred some losses but i cleared basically all my positions. If i did not do that today i am in bigger losses and all my capitals will be tied out for future trades.

Have a nice weekend and HAPPY TRADING !!

Posted by choolooi > 2013-09-06 22:41 | Report Abuse

Bro Matrixcool, I shall monitor Rubberex on Monday .
I don't buy beyond my means . Thanks for your concern and watch out.
I shall also be watchful over the Syrian crisis.

You have a pleasant weekend.

Posted by ramona_rahman > 2013-09-06 22:49 | Report Abuse

my opinion and observations says:

gob is doom

alam is going no way up..either maintain or down

huayang is in down trend mode

e&o might already reached its peak
---
republican likes war more than democrats ...syria...100% sure
---
bursa will fall at least another 10%

Posted by necro > 2013-09-06 22:53 | Report Abuse

Bro matrix cool your technic like someone i knew...

Posted by Rambotan > 2013-09-06 23:00 | Report Abuse

I m falling for Ramona.....

Posted by matrixcool > 2013-09-06 23:16 | Report Abuse

Sis choolooi, you have a good weekend too.

ramona_rahman Thanks for your comments.
You had missed out my other postings as you are referring to those stocks i was trading on 21st August.

Just to update i had sold GOB on 23/08 at $0.865 at a profits.
Sold Huayang at a loss when it broke below $3.00 on 26/08.
cleared E&O when it broke out from the triangle & sold at ave of $2.23 but bought back $2.00.

Today i cleared my Supermx and Puncak so the stock i am having now are:
a) E&O at $2.00 and will cut losses if ascending line is broken.
b) Rubberex at $0.80 and will limit my losses if $0.785 is violated.

Bro Necro, i think all chartists talks alike..keke.

Have a nice weekend...

Posted by ramona_rahman > 2013-09-07 21:35 | Report Abuse

brilliant...just asking...why rubberex doesn't appreciate just like kossan,supermax, top glove or harta...yes i know it is small cap...but why?

Posted by Rambotan > 2013-09-07 21:50 | Report Abuse

Hi Ramona, their rubber inferior mah.....

Posted by bsngpg > 2013-09-07 21:57 | Report Abuse

Rubberex is not in the same league. It is in thick Industrial Gloves business whereas the rest as named by you are in exam gloves business. Nevertheless, Rubberex acquired one of the smaller exam gloves manufacturers, Alliance Gloves Sdn Bhd, for RM113million in July2013.

Posted by matrixcool > 2013-09-07 22:19 | Report Abuse

Thanks ramona_rahman, Rambotan & bsngpg for all your constructive comments. Appreciate it.

bsngpg thanks for sharing your knowledge about glove industries. Great comments !!

I think it is important that in this forum everyone can help each other out especially during this difficult period.

Have a nice weekend...

Posted by Rambotan > 2013-09-07 22:33 | Report Abuse

Rubber must be tap at 4 to 6 am.....after that the quality degrade.....cheaper supplier quality of the maker also poorer.....but price is lower.....
Next time check the quality of your sarong Pisang........guarantee u will learn something from there.....tq tq

Posted by penunggu > 2013-09-07 22:38 | Report Abuse

hahaha... rubber must be tap 4-6 am, else quality degrade ? lol, where you get this kind of info

Posted by Rambotan > 2013-09-07 22:40 | Report Abuse

Ok ok I was joking on the first part......but what follows is true....the process by which a rubber is made more durable by adding sulfur is called vulcanization.......they are bringing technology to bring back raw rubber from end products like tires and so on and the process of de-vulcanization will hit the rubber industries very soon......

Posted by Rambotan > 2013-09-07 22:41 | Report Abuse

Aiya Penungu...otherwise how to dance round the tree if wake up so late and hot.....