Posted by chengyee > 2013-11-19 16:27 | Report Abuse

Yea, the name matrix sounds as nice as the person! :-) After looking at its daily chart, I think I will have heart attack. Not interested in the stock Matrix already. Thanks for the offer,Matrixcool. If you don't mind, Dsonic is over the TP 8.2 you read during the weekend, may I know your view on how high it could probably reach based on your read on today chart? Thanks!

Posted by connie > 2013-11-19 17:24 | Report Abuse

oh 'that little wine shop'...read about them before. it is good to have curry and teh tarik once in a while isn't it ? can't have too much of foie gras / caviar / wagyu / truffles !
just pop-in to say have a good evening matrix :)

Posted by jennylee1382 > 2013-11-19 17:26 | Report Abuse

bro matrix and sephiroth how do yrs think abt Dolmite this counter

Posted by matrixcool > 2013-11-19 21:06 | Report Abuse

Twobits,
Unisem-- Broke out from $0.92 with volumes on 15/11 which is very Bullish. It is starting stage 2 of a new cycle and further upward movement could be expected. Any consolidation towards support of $0.92 (Resistance turns support) is a good time to accumulate for future play. Immediate Resistance is set at $0.99 to $1.01(Gap Resistance) formed on 25/07, if break should try next TP of $1.10. Expect trading range of $0.92 to $0.97 during consolidation. On weekly chat if break above $1.10 signals breakout from Round Bottom with an estimated TP of $1.34. Exit if $0.90 is violated.

Chengyee, I think I have told you earlier the TP is estimated at $9.00 and today it achieved $8.80 today. For a trader anything less than 5%-10% is a very good estimation. Today formed a “Spinning Top” at the top indicates some correction is on the way. Please observe the level of $8.30 closely, if break below more downward consolidation could be expected towards $7.68/$7.38.

Jenny, Dolmite I had covered before. I think requested by androsjy, Bro jacky187 on 13th Nov. That was what I said during that time:
“DOLMITE—Breakout from $0.38 on 04/11 signal stage 2 of the new cycle, very Bullish. The breakout gives an estimated immediate TP of $0.535 & beyond. To achieve this level it needs to be able to close above $0.48. Any consolidation should find support at $0.455/$0.45 (Gap support formed on 12/11) and on that same day it forms a “Spinning Top” indicates Bull may lose some momentum, some consolidation could be expected. .Strong support is at $0.42/$0.40. Exit if $0.38 is violated.”
Dolmite did consolidate towards support of $0.40 because it failed to close above $0.48.

Happy Trading…

Posted by matrixcool > 2013-11-19 23:31 | Report Abuse

20th NOV

1) ALAM— As suggested ALAM breaks above $1.50 and the downward momentum has slowed down meaning it is moving towards next strong resistance at $1.54/$1.55. Immediate support adjusts to $1.50/$1.48. I have raised my Trailing Stop to $1.48 to protect my capitals and profits. Also I may cleared some to lock in profits on further strength.

2) AZRB— Counter is very Bearish. It is resting on the important support of $0.96.Formed a Gravestone Doji today, volumes had dried up, Trend Reversal? Maybe some rebound could be expected. A break below $0.96 will take it towards next support of $0.93. Any rebound should find resistance at $0.98 and strong resistance at $1.00. Since volumes has dried up I may have problem to clear my shares if break below $0.96 (Involuntary investor?) exit if $0.96 is violated.

3) GUNUNG— Uptrend is intact. Test my Stop Loss level of $0.92 but managed to holds. It is still moving downward, the trading range is expected to be from $0.925 to $0.975.(I have bought in more share at $0.925 today). Exit if $0.92 is violated. The Dark Cloud formed on 13/11 at $0.995 is shadowing the upward movement of GUNUNG.

4) HAPSENG— As suggested it tested its immediate resistance and rested at $2.55. A break above will take it to $2.62 (its previous high)/$2.66(immediate target). Final TP is at $2.74 by calculation. Immediate support adjusts to $2.50/$2.47.I have further raised my Trailing Stop to $2.47 (Or sell into strength) to protect my profits.The reason I am selling into strength is because the Price and RSI has formed Divergence.

5) MPHBCAP- Tight trading range of $1.68 to $1.75.The downward momentum is slowing down. A break above $1.75 with volumes signals BUY (I may scale in more shares) will confirm long term uptrend for MPHBCAP. Immediate resistance is at $1.78/$1.84 if it breaks $1.75. Exit if $1.66 is violated.

6) UCHITEC—Bought in Uchitec today because chart wise it has broken out from the Ascending Triangle. Any consolidation toward support of $1.50/$1.48 offer good opportunities to collect for future play. The upward momentum has increased for further upward movement. It had an estimated TP of $1.68 by calculation. Exit if $1.46 is violated.

I cleared all my PERISAI today when it could not break above $1.47 to complete the Cup and Handle patter.

I am monitoring Fitter and Kimlun.

HAPPY TRADING…

Posted by chengyee > 2013-11-19 23:32 | Report Abuse

Eh.. yea, you did give TP $9.00 and I somehow missed it. I am sorry. Thank you for the alert of "Spinning Top", Matrixcool. Happy trading tomorrow..

Posted by miketyu > 2013-11-19 23:54 | Report Abuse

Matrixcool, any idea on PJDEV? uptrend since Oct

Posted by Skyjuice > 2013-11-20 07:28 | Report Abuse

Hi, dropping by to say hello and good morning. And again, thanks matrix for the daily analysis.

Posted by pathew > 2013-11-20 09:11 | Report Abuse

matrix, how about padini? seems like moving upwards

Posted by matrixcool > 2013-11-20 10:32 | Report Abuse

Chengyee, TP is only a paper calculation and no one is 100% sure whether it will get there or exceed it. It is like no one can claim he always sell at the highest all the times, you just need an exit plan and be happy with the profits you make.

Mikeyu
PJDev— Very Bullish it is at stage 2 of the cycle. Latest new high was set 2 days ago at $1.27 and started its consolidation. Expect to trades between $1.20 to $1.27.Stronger support at $1.17 level.If $1.27 is taken out it is expected to try $1.35 level.Be concern if break below $1.16.

Pathew
Padini—Very Bearish after breaking down from Descending Triangle on the weekly chart, now stage 1 of the cycle if new found bottom of $1.63/$1.61 stays. Any rebound should find resistance at $1.75 (Support turns Resistance) and very strong Resistance at $1.82. It needs to clear $1.82 with volumes to signal stage 2 of the new cycle.Then the uptrend should start.

What a morning for me !! Just when I was locking in my profits on ALAM happily I was forced to sell UCHITEC at a Loss (Luckily I only started to collect yesterday, a breakout without volumes can”t be trusted). Then GUNUNG also break down from my Stop Loss level. Broke down from the Uptrend Line today!

So 2 losing trades against 1 winning..Not too good.

Happy Trading..

Posted by sephiroth > 2013-11-20 11:40 | Report Abuse

matrix, a word of caution on Uchitec although cash rich but...

the pioneer status previously enjoyed by the subsidiary, Uchi Optoelectronic (M) Sdn. Bhd., expired on December 31, 2012. This means that profit generated from such products commencing January 1, 2013 will be subject to a corporate tax of 25%.The Group have submitted the application for pioneer status for our new products in September 2012 but, to date, have not received a reply from the relevant authorities. The Group is also experiencing a wage hike due to the implementation of minimum wage policies in Malaysia and China.

matrix, can you check on the chart of LCTH(5092) now 0.215 near 52 week high 0.225

Posted by connie > 2013-11-20 11:56 | Report Abuse

hey sephiroth, am very interested in plenitude. what u think ?

Posted by matrixcool > 2013-11-20 12:12 | Report Abuse

Sephiroth, thanks for the information on UCHITEC but I had taken my losses when it hit my exit level at $1.46. I was concern the breakout was lacking volumes (that is why I was monitoring the support of $1.50/$1.48 and it holds above so I started to collect yesterday) and proven to be right that it was premature.

LCTH—Very Bullish and heading towards strong resistance of $0.235. If it could break $0.235 with volumes that mean it is out of “Round Bottom” consolidation which is very Bullish and it should scale real high ( On weekly Chart). If not it should consolidate from that level and maybe forming what we call ‘Inverted Head and Shoulder “also very bullish but will take some times). For a trader I will monitor if $0.235 level could be taken out. Immediate support adjusts to $0.195/$0.185. First sign of weakness if break below $0.175.

Happy Trading

Posted by sephiroth > 2013-11-20 12:17 | Report Abuse

matrix, thanks for speedy reply

connie, plenitude is fa counter, check the link below
http://klse.i3investor.com/blogs/stock_pick_challenge_2013_2h/36493.jsp

Posted by jennylee1382 > 2013-11-20 12:24 | Report Abuse

sephiroth this is my 2round planning to buy back PJdev -wc if the price reach 0.325 still can buy.
can you going to buy LCTH if yes what is yr enter price

matrix , thanks for yr reply

Posted by connie > 2013-11-20 12:26 | Report Abuse

thanks seph for the info.

matrix - sorry abt your 2 loss 1 win. am sure u will make it up in no time. happy lunching :)

Posted by matrixcool > 2013-11-20 12:31 | Report Abuse

sephiroth, you are welcome and i must thank you for providing lot of useful FA information for the forumers here.Also suggested some good stocks for them to consider !

Today i am quite free after clearing my ALAM,HAPSENG( with profits) and cleared my UCHITEC, GUNUNG (at some losses).
So now i only having AZRB and MPHBCAP in my portfolio.( AZRB may give me headache to sell if break my Stop Loss level as volumes dried out).

Still looking for counters to buy in...Maybe lots of homeworks tonight to scan through some stocks..

Happy trading !!

Posted by connie > 2013-11-20 12:34 | Report Abuse

matrix, cud u ps help look at the plenitude chart ? thanks

Posted by sephiroth > 2013-11-20 12:34 | Report Abuse

jenny 0.325-0.33 is a good entry price as premium is low, As for LCTH, i bought 0.195 on monday and add more today at 0.215

Posted by jennylee1382 > 2013-11-20 14:15 | Report Abuse

sephiroth what's the tp LCTH

Posted by sephiroth > 2013-11-20 14:28 | Report Abuse

jenny, i am consulting another sifu, will revert once he reply

Posted by pathew > 2013-11-20 15:16 | Report Abuse

Posted by sephiroth > Nov 20, 2013 02:28 PM | Report Abuse

jenny, i am consulting another sifu, will revert once he reply

kcchongnz ah?

Posted by matrixcool > 2013-11-20 15:24 | Report Abuse

connie, on 04/11 plenitude has a Gap Down of 6 cents..is there anything you may want to highlight to me? Is it due to dividents?

Happy Trading

Posted by jacky187 > 2013-11-20 15:33 | Report Abuse

bro matrixcool, once again thanks for dolmite analysis the other day. Would like to ask your opinion for Tgoffs ? If not wrong today is T4 right ?

Posted by twobits > 2013-11-20 15:34 | Report Abuse

matrix: Can u take a look at index weekly chart? somehow i feel that correction not really done yet.

Posted by connie > 2013-11-20 15:36 | Report Abuse

hi matrix, not dividend but this is how i see it :-
1) on 61.8% fibo retracement
2) price above EMA20
3) macd 12d is crossing over 26d (bullish momentum)
4) rsi 11 is 64 signally buy
5) volume was almost average yesterday (1870 vs 1912)
6) but the last two days candles are like potential evening doji star indicating buying pressure decreasing ?
ps don't scold if i read all wrongly :(

Posted by tsejuie > 2013-11-20 15:50 | Report Abuse

Hi, was hoping someone could help me with some TA on UOA Dev. Based on the 1-year chart, I guess it can be said that it is in a flag pattern now? Although the flag pole doesn't seem very apparent. If so, based on TA, a position should only be taken once it breaks above the upper trend line with rising volume?

Sorry, am totally hopeless at TA. Hope someone can help clarify. Thanks!

Posted by jennylee1382 > 2013-11-20 15:54 | Report Abuse

sephiroth thanks for yr help

Posted by sephiroth > 2013-11-20 16:12 | Report Abuse

pathew, ya lor who else FA sifu

Posted by matrixcool > 2013-11-20 17:09 | Report Abuse

Jacky187,
TGOFF—Not sure about T4 or not. The counter broke out of the trading range of $0.60 to $0.665 on 07/11 with volumes and achieved its immediate TP in $73. It is at stage 3 of the cycle which we refer to distribution period. Prices swing can be real volatile here which TGOFF display those characters. It broke below $0.665 (Resistance turned support) and most likely towards strong support at $0.60.

Connie
First I will never scold anyone as everyone looks at charts differently. For me these are the few things I look at:
1) Is it going Up,Down or sideways? 2) Where are the support and resistance?
3) At what stage of the cycle? 4) What is the pattern? 5) Does candlestick show any trend reversal?

PLENITU—If the Gap down not due to dividends or anything then it has turned into a Gap Resistance at $2.54-$2.60 which it will try to close. Strong Resistance is at $2.65. Formed a Doji on top yesterday indicates some weakness of the recent rebound from $2.40.Sideways movement of $2.48 to $2.56 expected in the near term. It spells trouble if break below 2.39 (Exit level)

Twobits , I have no access to KLSE charts except the Live feeds which only offer intraday chart.

tsejuie ,welcome to this thread. My reading of UOA chart:
UOA---It is not a Flag Pole pattern as it is taking too long.
It is trading inside a Down trend Channel (Lower High and Lowe Low). It is resting on its important support of $2.00. A break below $2.00 spells more troubles for UOA and should head down towards $1.75/$1.70 level.Any rebounds should find resistance at $2.15 and strong resistance at $2.30.

Happy Trading.

Posted by tsejuie > 2013-11-20 17:11 | Report Abuse

Ok, thanks very much matrix for your input. Will watch the RM2.00 level.

Posted by connie > 2013-11-20 17:53 | Report Abuse

thanks matrix :)

Posted by Vivi Yap > 2013-11-20 21:48 | Report Abuse

matrix pls can check tdm thx

Posted by matrixcool > 2013-11-20 22:33 | Report Abuse

Viviyap

TDM—Very Bullish, broke out from the Cup and Handle pattern on 18/11 with volumes and hit the high of $1.05 before starting its consolidation. The said breakout gives an estimated TP about $1.15. Any consolidation towards immediate support of $0.975/$0.95 is a good time to accumulate for future play. Exit if $0.90 is violated.

I will add this counter into my watch list. Thanks for sharing…

Posted by matrixcool > 2013-11-20 23:12 | Report Abuse

21st NOV

1) AZRB— Tight trading range of $0.96 to $0.98. Again resting on the important support of $0.96. Volumes have dried out and downward momentum has slowed down.Rebound soon? Any rebound should find resistance at $0.98 and strong resistance at $1.00. A break below $0.96 will take it towards the next support of $0.93. May have problems to clear if hit my Stop Loss level of $0.96.

2) MPHBCAP- Tight trading range of $1.68 to $1.73. Formed black candle today indicates some weakness. The support of $1.68/$1.66 will be tested again. The downward momentum has increased unless it can close above $1.70 it is most likely to move lower. It needs to clear $1.75 with volumes to confirm long term uptrend for MPHBCAP. Exit if $1.66 is violated.( I may cleared mine on any rebound to protect my capitals).

I cleared ALAM,HAPSENG with profits and GUNUNG,UCHITEC with some losses.

I am monitoring ALAM ( to buy back on weakness), FITTER if support of $0.72 holds,TAS if support of $1.03 holds, TDM thanks to viviyap highlighted this stock.

Happy Trading..

Posted by faberlicious > 2013-11-21 07:32 | Report Abuse

Hello and a very good morning to you bro Matrix.Dow Jones down 67 so I think Bursa will go lower.also. Just wanna ask you to take a look at TA for 2 stocks I intend to trade next 2 weeks. Jaycorp and Latitud.Thanks.

Posted by matrixcool > 2013-11-21 10:14 | Report Abuse

Hey faberliucious, haven’t heard from you for a while. Hope you are making $$ from the market.

Jaycorp—Broke out from Double bottoms at $0.54 with volumes and has an immediate estimated TP of $0.675. Stage 2 of the cycle and very bullish ( On weekly Chart means long term). Any consolidation towards support of $0.54( Resistance turned Support) is a good time to accumulate for future play.Immediate resistance adjusts to $0.59, a break above will take it to its next resistance of $0.63.Exit if $0.50 is violated.

Latitud—Can you let me know what happen on 06/06/2011 when the stock Gap down from $1.69 to $1.10 ? Chart wise is very bullish on the weekly chart ( Long Term) as it broke out from the round bottom and gave an estimated TP of $1.63.

Happy Trading..

Posted by ProfitMan > 2013-11-21 10:42 | Report Abuse

Matrix, I am also monitoring TAS for entry and also Inari - bullish today with volume against an overall bearish KLSE sentiment.

Posted by matrixcool > 2013-11-21 10:49 | Report Abuse

profitMan, TAS not ready yet..Just broke $1.03 not too healthy, the only thing i like is the volumes has reduced and selling could be over soon. Wait for the rebound first before entering.Very dangerous try to bottom fish as it is still bearish.

Good lucks on your Inari...

Happy Trading..

Posted by faberlicious > 2013-11-21 11:18 | Report Abuse

Matrix,been busy trading.Recently traded this stocks:
bought AWC @0.252 sold @0.28-0.285,looking to buy back around 0.25
bought Pmcorp@0.265 sold@ 0.29,today bought back at 0.28
bought Instaco @ 0.16 cut loss@0.145
bought Glomac@ 1.08 ,q at 1.13 to sell
bought Ytlp@ 1.88,still holding ,waiting for 3rd results
bought Jaycorp@ 0.555,holding
bought Latitud@ 1.28,holding

*Jaycorp and Latitud due to announce dividends this few days.Jaycorp(3.5 sen),Latitud(6.3 sens).Watchout! Will sell after that.

Happy trading and May The Best Price Be Yours . :)

Posted by faberlicious > 2013-11-21 11:20 | Report Abuse

oops,should be Instaco WB,not Instaco.Error.

Posted by matrixcool > 2013-11-21 11:38 | Report Abuse

Thanks faberlicious for sharing of your portfolio. Jayacorp looks healthy. I have put it on my watch list too..

I see you trade very well,keep locking profits when opportunities arise and take losses if go against us. Well Done !!

oop..Time for early lunch appointment today..

Happy Trading..

Posted by sephiroth > 2013-11-21 11:48 | Report Abuse

faberlicious, beside wood counter latitud,jaycorp, homeritz is also a good bet, final div 2.75 sen, full yr div 3.75 sen

Posted by Doremi 88 > 2013-11-21 11:50 | Report Abuse

Matrixcool- plan to re-enter Alam at what price? :D

Posted by faberlicious > 2013-11-21 12:05 | Report Abuse

seph,ya,Homeriz is on my radar.High dividend stock.

Posted by matrixcool > 2013-11-21 14:56 | Report Abuse

88, welcome to this thread.

ALAM--It is now testing the Gap Support of $1.53/$1.52.If break below the next support is at $1.47/$1.43.
Some traders may take some positions here but not me because of my Risk evaluation. ( Then everyone trades differently). I will be keen if back down towards the next support.
You have to make your own decision whether to Buy or Sell I am merely sharing my trading method.

Happy Trading…

Posted by ProfitMan > 2013-11-21 17:12 | Report Abuse

Matrix, L&G broke out from I believe to be a pennant formation with volume that is 9 times its average volume. Gap up today with 0.36 now being its support price. Trend is bullish with a target price of 0.45.

Posted by ProfitMan > 2013-11-21 17:13 | Report Abuse

L&G - immediate resistance is 0.395.

Posted by matrixcool > 2013-11-21 23:33 | Report Abuse

22nd NOV

1) MPHBCAP- As suggested tested and rested on the support of $1.68. Formed another black candle and most likely to test $1.68/$1.66 again.Confirm it will go lower if $1.68 is violated. The downward momentum has increased unless it can close above $1.70 it is most likely to move lower. It needs to clear $1.75 with volumes to confirm long term uptrend for MPHBCAP. Exit if $1.66 is violated.( I may cleared mine on any rebound to protect my capitals).

2) TDM— Yesterday my reply to viviyap about TDM was “ It broke out from the Cup and Handle pattern on 18/11 with volumes and hit the high of $1.05 before starting its consolidation. The said breakout gives an estimated TP about $1.15. Any consolidation towards immediate support of $0.975/$0.95 is a good time to accumulate for future play. Exit if $0.90 is violated “
I bought in TDM at $0.965 when it moves down to support of $0.975/$0.95 area. Today it closed with a Bullish hammer after touching a low of $0.96. More rebound could be expected to next resistance at $1.00 and strong resistance at $1.05(Previous high).Expected to tarde between $0.96 to $1.00. Will add in more shares if comes down towards support that was mentioned. I will Exit if $0.93 is violated due to my Risk Ratio calculation.

I cleared all my AZRB at a loss when my Stop Loss level was hit.
I am monitoring ALAM,FITTER if support of $0.72 holds, TAS if support of $1.02 holds.

Happy Trading..

Posted by tiongms > 2013-11-22 05:36 | Report Abuse

Morning Bro.Matrix appreciate your assistance to analyse CARLSBERG.Thanks