Posted by jennylee1382 > 2013-09-14 18:45 | Report Abuse

matrix why i can't see the chart? where can i view the chart

Posted by htyeap125 > 2013-09-14 18:53 | Report Abuse

if i am not mistaken, all investment bank provide the charts to their clients for free. Juz right click on the counter and u shd be able to see 'interactive chart'.

Posted by jennylee1382 > 2013-09-14 19:59 | Report Abuse

can yrs post the chart here

Posted by Hot.T > 2013-09-14 22:33 | Report Abuse

Matrix...tqvm in advance!
Ur rationale on trade base on TA sounds fair n very reasonable to me. But do u cross check with the fundamentals when a "technically interesting" counter cross ur path?
FYI, what "attracted" me to salcon was the "story" related to them, tan sri and eco world. :)

Posted by CityTrader > 2013-09-14 22:43 | Report Abuse

Being an expert ta who doesnt need to know the co financial reports. He needs a chart to find out the trend. Same as fa who needs analyse the future value from the financial reports.fa doesnt believe in ta. I being an "p" ta dont know what a co is doing. I study price trend, vol, support n resistance.

Posted by matrixcool > 2013-09-15 00:20 | Report Abuse

As promised, here are charts reading for:

1) Chengyee --- Digista,
counter is bullish but caught inside trending ranges of $0.26 to $0.32. Lots of traders are buying near $0.26 and disposed around $0.32 for trading gains. A bear trap happened on 28/08 when it broke below $0.26 but closed strongly at $0.265.
Unless Digista break out from $0.32 with volumes (It will then completed the cup and saucer pattern) it is most likely to trade inside the trading ranges.

2) Bro Pathew----GUNUNG
GUNUNG is a bearish counter for short term, bro htyeap125 analysis is good.
I think you are thinking of bottom fishing for this counter, the only positive point I like about this counter is while the price has set new low at $0.72 the RSI value is increasing steadily meaning they are people collecting at this level.
If you choose to bottom Fish do exit when $0.72 is broken.

3) Bro Hot.T---TGOFF
It broke down from the “symmetrical triangle” on 27/08 and went to the low of $0.52 on 28/08. On the same day it formed a “Dragonfly Doji” which indicates a rebound is expected. TGOFF is trying to climb back up its former uptrend line but finding the previous ascending line has turned to be strong resistance now.
Immediate trading ranges from $0.55 to $0.70.
Exit if $0.52 is violated.

Thanks City Trader for your clarification about TA, Bro Hot.T we did not need to check because the chart suppose to tell us if there are something brewing or people are buying or accumulating.
For example Salcon, for you it could be good investment due to Eco Park etc, which you are not wrong.
For me I went in because chart is turning bullish( someone knew earlier than us and start buying) but I sold to lock in profits when it reach my Trailing Stop level.
It does not mean I wont buy back later when opportunity return.

HAPPY TRADING….

Posted by htyeap125 > 2013-09-15 00:38 | Report Abuse

Hi bro matrix,wat do u think of ijm land,looks like trending now

Posted by Hot.T > 2013-09-15 01:34 | Report Abuse

Thanx Matrix for ur TA and further elaboration on salcon...and CT.
The 2nd part is English to me which I understand while the 1st part (TA) is alien...which I will try to digest when referring to TGOFF's chart..fyi, my TA = 0!..hehe..but TQVM all d same. Hv a great break guys.

ps - know of any websites for TA for Dummies? Tq. :)

Posted by matrixcool > 2013-09-15 08:26 | Report Abuse

Bro htyeap125, IJMLAND

After hitting the low of $2.38 on 02/09 it is doing a technical rebound. Last Friday managed to break and stay above $2.55 which is a very good sign but not out of wood yet.
A break above $2.62 with at least double volumes will take it to the next strong resistance at $2.72.
If you are trading this counter as long as $2.55 holds it is expected to move higher, if not it should be trending downward towards $2.50 (immediate support).
Thanks for mentioning this counter it will be on my radar too.

Bro. Hot.T there are plenty technical books available, invest into them if you are interested to learn. I think the technical side may help you to be a more powerful trader since you know all the fundamental of the stock.

HAPPY HOLIDAY

Posted by inwest88 > 2013-09-15 10:21 | Report Abuse

matrixccol, I find your analysis is of immense value to those who prefert o do trading. Keep up the good work!

Posted by htyeap125 > 2013-09-15 10:48 | Report Abuse

Bro Matrix, thanx for your analysis. With ur help, i can surely improve in TA. By the way, are u playing futures as well?

For those looking for free TA analysis knowledge, i will post a few links tonite as it is not in my PC in office now.

Posted by matrixcool > 2013-09-15 14:11 | Report Abuse

Thanks inwest88 for your encouraging words, we are here to help each other.Chart is also not 100% as it could be manipulated to create Bull or Bear Trap, i am caught too in many occasions..

Bro htyeap125,we can learn together as everyone has a different interpretation of the charts. I am happy you are helping out to those that might be interested in technical analysis by posting some links later..

Happy Holiday...

Posted by Jameslee > 2013-09-15 14:30 | Report Abuse

Bro Matrix, can you also check Pantech-wa and Tropicana for me......I read some of the comment and I like it.....

Posted by Jameslee > 2013-09-15 14:32 | Report Abuse

Appreciate your interpretation.........

Posted by matrixcool > 2013-09-15 14:58 | Report Abuse

Stockwatch—Sorry I missed your posting on 31st Aug, my apology.
To answer your questions ya, I like to trade mid-cap counters, some prefer blue chip and some penny stocks, no one is wrong. I agreed with you Penny stocks can be stressful.
I cleared all my Huayang when it broke my trailing stop at $3.00 taking some losses.
Sorry for the late reply..

Bro Jameslee, Sis Metta actually asked me about ” Tropicana” before if I am not wrong, anyway i will look into them for you later..

Happy Trading...

Posted by Jameslee > 2013-09-15 15:04 | Report Abuse

To sir......

Posted by pathew > 2013-09-15 17:30 | Report Abuse

Good one matrix, would like to improve by hearing some advice from all the experts here

Posted by matrixcool > 2013-09-15 17:40 | Report Abuse

Bro Jameslee,

Tropicana—When sis Metta asked me awhile ago about this counter I remember telling her it is an downtrend counter. It is still caught inside the “Downtrend Channel” today, counter is very bearish.
If you thinking of bottom fish this counter do exit if $1.54 is violated. I cant advise you how to trade inside the ‘Downtrend channel” because I do not do them as risk can be very high.

PANTECH-WA---It gave the first warning sign on 22/08 when it broke below its “Uptrend Channel”. The $0.585 is the neck line for the double top formation and by calculation it will fall to $0.585-($0.71-$0.585)=$0.46 which it did on 27/08 with a falling gap .
It is having a technical rebound now trying to close the gap at $0.585. Unless it can break and stay above $0.585 it is most likely to trend from $0.46 to $0.585.

HAPPY TRADING..

Posted by Jameslee > 2013-09-15 17:47 | Report Abuse

Tq I won't buy Tropicana then....

Posted by Stockwatch > 2013-09-15 18:13 | Report Abuse

Thanks matrixcool for replying.
Thought that you had forgotten about it.No problem mate as I follow your thread closely.Huayang is on the buy list by some research houses.It has recently announced a bonus issue.
Perhaps you can give me your comments strictly on an objective basis.If it hits your trailing stop loss...would you hold it just because of the impending bonus issue? The problem here is one of value..it is giving out a bonus issue not free warrants.Now that is the dilemma I face...keep it and become an " forced investor" as you highlighted your experience in the stock market...or exit to find a new trending stock?Same here ...the fight between the heart and the mind.
Perhaps I would like to share with you for the benefit of many newbies who are closely following you with regard to the property sector.
The Budget on October 25 will be critical for all of us as the government is committed to reduce its fiscal deficit and opt for a balanced budget.
With regard to the property sector there are proposals to increase the real property gains tax(RPGT) which is 15% presently if one sells after 2 years (for new houses).Bank Negara might not even encourage developer's interest bearing scheme(DIBS) as the Sale and Purchase Agreement must reflect the discounted price.
With this in limbo and there is an element of uncertainty the property counters currently are in a bearish market.What is surprising even defensive REITS also are in a downtrend.Hope it helps and I look forward to your postings.

Posted by sephiroth > 2013-09-15 19:00 | Report Abuse

matrixcool, can you check out the chart of fibon (volume nothing to shout about) and skpres. It's a breed of good fa & ta

Posted by htyeap125 > 2013-09-15 20:28 | Report Abuse

Below are the links to TA but mainly on candlestick chart which are widely in use.

http://www.informedtrades.com/f152/

http://www.informedtrades.com/trades.php?page=freetradingcourses

Another useful tool is the fibonacci retracement

http://www.babypips.com/school/fibonacci-retracement.html?source=google&campaign=babypips&adgrp=fibonacci&ad=2838384301&keywords=fibonacci%20retracements&gclid=CJu4-8qOz6ACFcdS6wodUz6g0Q


For FibonDark cloud cover was formed on 13 Aug follow by a hammer on the following day indicates a strong downtrend. Immediate Resistant is at 0.365 and the support is at 0.31 A gravestone doji is formed on 13 Sept couple with the counter being traded below the MA20 indicates a short term downtrend. Bro, Mtrix, pls correct me if there is mistake in my analysis n don't forget to add in your findings ya as i am learning from u as well... haha TQ

Posted by Hot.T > 2013-09-15 20:44 | Report Abuse

To all...tq
Matrix...tqvm for ur insight n time
htyeap125...tqvm too. I meant to reply earlier but was on d move!i shall indulge in d links u provided.

Posted by chua > 2013-09-15 22:15 | Report Abuse

Matrixcool and htyeap125, what do u all think abt redtone and iris?

Posted by sephiroth > 2013-09-15 22:24 | Report Abuse

htyeap, thanks for ta on fibon, that's what i like to hear, i wonder whether i can collect below 30 sen coz fundamental of this counter won't change overnight, ta guys like to buy high sell higher but i like to collect good fundamental counter at lower and much lower price, for me it always work and earn me a lot of $$$, for return of 100%-120%, my counters are maybank, pantech, gamuda and >80% return for malton

Posted by matrixcool > 2013-09-15 22:28 | Report Abuse

Bro Jameslee , for the Tropicana please do your own homework as i am not in any position to tell any trader whether to buy or sell, i just help to interpret the chart to my best knowledge and as i said i also make mistakes.Whatever you trade do have an exit plan before you enter.

Stockwatch, thanks for sharing all those useful information on the property sector. I am so happy everyone here try to help each other out.To answer your question I am 100% leaving my "Emotion" out of a stock, when it hit my trailing stop i dont need second thought to sell them.Ya many time those counters i sold rebound back but i accept it as part of trading, i just move on.

Bro htyeap125, thanks for sharing those links,hopefully more TA are with us soon..Ya for Fibon, i still havent looked at it yet but i think when there is a "Doji" formed we need to be cautious as it can be a trend reversal moving either way...

sephiroth --I will look into the 2 charts for you tomorrow..

Good Night everyone..

Posted by chengyee > 2013-09-16 00:43 | Report Abuse

Thank you for the analysis of digista, Matrix. You are right, many took profit at 0.30 too. I am monitoring, I will text you if it forms the "cup & saucer" pattern(or breaks 0.32). Happy holiday!

Posted by davidlim07 > 2013-09-16 02:41 | Report Abuse

hi bro Matrix...how do you see LBS-WA on Tuesday??Possible to play intraday?

Posted by sephiroth > 2013-09-16 14:38 | Report Abuse

good news for the market tomorrow
http://www.bloomberg.com/news/2013-09-15/dollar-sinks-on-summers-as-australian-index-futures-climb.html

Posted by Hot.T > 2013-09-16 14:53 | Report Abuse

Good Day All...
MatrixC...in this instance ie Sephiroth's post above,mind sharing how wud u (as a TA),would plan ur next move in the market? Tq

I've gone thru the TA deck provided by htyeap125 last nite n i must say its GREAT..tqvm bro..gave me plenty of insight to TA. However...this made me hold tighter to my principle of "good judgment comes from experience, experience comes from bad judgment".. :)

Posted by matrixcool > 2013-09-16 18:16 | Report Abuse

sephiroth--My reading for the following charts:

Fibon—Bro htyeap125 you are not wrong in your analysis also incur with my reading on those resistance and support levels. There were some activities lately that push the counter from $0.31 to new high of $0.415. The consolidation (gave back 100% from $0.415 back down to $0.31) look over & $0.31 is an important support level.
It breakout from downtrend with volumes on 10th Sept and reached high of $0.37. A falling window &” Doji” formed on 13th Sept indicates maybe there will be a Trend Reversal that need next candle to confirm. If next candle can close the gap at $0.36 and beyond, it is expected to scale higher to its previous high.
Exit if $0.31 is violated.

SKPRES---Very bullish, it is expected to test its immediate resistance at $0.365,strong resistance is at $0.395. Any consolidation will find support at $0.34/$0.335.
A breakout and stay above $0.395 signal SKPRES had completed its long term “Inverted Head and Shoulder” pattern and should be back up to its previous high.

sephiroth, you are quite right TA likes to buy higher after the trend been confirmed, but i also accumulate during consolidation if i am confident that stock may scale higher and my cut loss level(Risk) is low.I am happy to hear you are reaping in big profits from your stocks trading by buying at bottom.It maybe differ from how i choose stocks but as long as you are making $$$ who is there to tell?

Bro davidlim07, I do not do intraday trading because i am using EOD data and i am not in front of my monitor all the times. So i can't actually help you here. I am very curious how you all make decision so fast to buy and sell, would be nice if you could enlighten me.

Chua, for redtone and iris i can only help you with the chart over next weekend as i am busy doing my research for next week trades.
Bro htyeap125, can you help chua on these counters?

Hot.T --When market is expected to trend higher because of good news it makes everyone easier to pick winners. Remember last month they are plenty of "Guru Of doom" when market was down? For me i stay with my principle not over excited with good news,execute my plan as planned.

HAPPY TRADING....

Posted by Metta > 2013-09-16 21:54 | Report Abuse

Hi Bro Matrix

Looks like u r having a very bz weekend ...many requests from Frens in tis forum ya ! Guess u hv to start charging them for the service rendered.....hahaha.

Juz got back frm a short break. Glad to share wth u I hv off load 50% of my Puncak @ RM 3.10 last Friday to lock in some profit in view of the coming FOMC. M holding some as the support is not violated ( based on ur last analysis on tis ctr ) . Hope px can move higher............Greed!!

Bro Matrix, m still monitoring KPS, Alam n GOB. Dint take position coz of the long weekend n FOMC. Can alert if its gud time to enter ?

Thank for your generous sharing.

Rgds.

Posted by matrixcool > 2013-09-16 22:40 | Report Abuse

17th Sept

1) E&O—Sold 30% of my holding when $2.04 was triggered. Expected trending ranges of $2.00 to $2.10. Will cut losses if $2.00 is violated.

2) PRESBHD—Formed a “Spinning Top” last Friday when prices are moving up, indecisive & price stall. PREBHD is expected to move higher but if break below $1.97 (Spinning Top becomes” Bearish Harami” shows first sign of weakness ) the consolidation may take longer. Will limit my losses if 1.90/$1.88 support is violated.

3) PUNCAK— Puncak broke above $3.00 on 05/09 convincingly with more than double the average volumes. Since then it has hit high of $3.13 on 13/09 before closing at $3.08. Immediate resistance is adjusted to $3.13 if break will try $3.20 & $3.30.
The only small concern to me is even though the price has reached its new high the RSI has not done so correspondingly.
I will clear ½ of my holding (To protect my profits) selling into strength and set the new Trailing stop at $2.99 to protect the capitals.

4) PERDANA—Consolidated further last Friday and broke below $1.80, may try immediate support at $1.78/$1.76. Volume is contracting which is good sign during consolidation. For those that are buying during this consolidation phase (I am also collecting) please exit if price break below $1.70.

5) INARI---Bought in Inari at average costs of $0.86. It broke out from the “Downtrend Channel” 2 days ago. It is expected to test its immediate resistance at $0.925 and if break may try previous high of $0.985.
All Inari needs is volumes now to confirm the validity of the breakout.
Exit if $0.84 is violated.

Sold all my Salcon last Friday when Trailing Stop was violated.

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

1) KPS—it broke out from the “Inverted Head and Shoulder” pattern on 04/09. It has been able to stay above its breakout trend line. Will collect on weakness towards 0f $2.16/$2.10.
2) IJM land—Suggested by Bro htyeap125.

Other counters that are on my radar:Alam,GOB,Kimlun,Supermx,Gtronic.

Sis Metta, welcome back...Ya bz long holiday but I am happy to be able to help out those that need some TA analysis. Only weekend but not on normal Trading days...
Will definitely inform if i enter a new trade..
Congratulation to you that you sold 50% Puncak to lock in profits..

HAPPY TRADING....

Posted by Hot.T > 2013-09-16 23:56 | Report Abuse

MatrixC..noted with many thanx

Posted by sephiroth > 2013-09-17 09:02 | Report Abuse

matrixcool, thanks a lot for your detail analysis

Posted by matrixcool > 2013-09-17 23:29 | Report Abuse

18th Sept

1) E&O—Confirmed the “Doji” formed on top on 12 /09, unless $2.07 is taken out it is expected to trend sideway or downwards. Trading at the support of $2.00 and formed a bearish Black candle today. Will limit losses if $2.00 is violated.

2) PRESBHD— formed a “Bullish Separating Line” today meaning up trend should continue .It is expected to test its next resistance at $2.16 & previous high of $2.24.Will buys more on any weakness for further play. Adjusted my Trailing stop at $2.00 to protect my capitals. Immediate support is adjusted to $2.07 & strong support at $2.02.

3) PUNCAK— Sold ½ of my Puncak average $3.09 when it failed to clear $3.13 today.
Puncak broke above $3.00 on 05/09 convincingly with more than double the average volumes. Since then it has hit high of $3.13 on 13/09 . Immediate resistance is adjusted to $3.13 if break will try $3.20 & $3.30.
I will clear if the Trailing stop at $2.99 is violated to protect the capitals.

4) PERDANA—Collect in more Perdana at $1.78 today, my average cost is $1.79 now. As predicted it tested its immediate support of $1.78/$1.76 before closing at $1.76. Today formed a Bearish Black candle and first sign of weakness if $1.76 is violated.
Exit if $1.70 is violated.

5) INARI---Today bought in more Inari, now my average costs increased to $0.87. It broke out from the “Downtrend Channel” 3 days ago. It is expected to test its immediate resistance at $0.925 and if break may try previous high of $0.985.
All Inari needs is volumes now to confirm the validity of the breakout.
Exit if $0.83 is violated.

I am monitoring these few counters for possible short term trades
1) KPS—Some correction look imminent , may collect during consolidation.
2) IJM land— Today break above $2.62 with increased volumes, formed a “Spinning Top “. It has turned Bullish so any weakness towards support of $2.60 is a good time to collect for future play.
3) Muhibah—Back to my Radar. Muhibah is expected to try its immediate resistance at $2.26 if break will move up to test its strong resistance at $2.34 (Descending line turned resistance).

Other counters that are on my radar are Alam,GOB,Kimlun,Supermx,Gtronic.

HAPPY TRADING...

Posted by ProfitMan > 2013-09-17 23:50 | Report Abuse

Inari is a good buy. I have accumulated Inari and is still looking for opportunity to collect more. Very impressed with your analysis. Thanks for sharing. I used to trade on fundamentals and don't make much money from it. Technical is better.

Posted by jennylee1382 > 2013-09-17 23:51 | Report Abuse

matrix can you send the TA charts to my email: jennyleeyl@gmail.com
pls. TQ in advance

Posted by jennylee1382 > 2013-09-18 00:01 | Report Abuse

matrix can you teach me abt TA analysis.TQ

Posted by jennylee1382 > 2013-09-18 00:10 | Report Abuse

matrix how do you think abt scable and oka

Posted by htyeap125 > 2013-09-18 09:25 | Report Abuse

SCable juz completed head & shoulder with immediate support at 1.47. It is trading below its MA 20. It is under consolidation now and if fail to hold at 1.41, it will drift further down to 1.33.

Bro Matrix, as usual, pls correct me should there be any shortfall in my analysis.

Posted by Abudance > 2013-09-18 09:41 | Report Abuse

Matrix, thanks for your generous sharing. Would like your opinion, why SCable keep dropping when they have do many projects at hand? You think it really eill drop to rm/.33 ???

Posted by davidlee > 2013-09-18 09:58 | Report Abuse

how you guy think abt success?

Posted by choolooi > 2013-09-18 10:18 | Report Abuse

So nice to see more visitors turned helpful residents in this thread.
Bro Matrixcool , this reveals the friendly atmosphere you have created.

Was away for the long weekend and will be away for a month in October in upper Burma.
Can still see the excitement here until end September.

HAPPY TRADING AND GOOD $$$$$ COLLECTION

Posted by sephiroth > 2013-09-18 10:22 | Report Abuse

matrixcool, thanks for the detail ta for fibon, i bought 0.32, almost sold at 0.36 but finally sold at 0.39

htyeap, thanks for your immediate ta on fibon

Posted by choolooi > 2013-09-18 10:49 | Report Abuse

Bro Matrixcool , just want to share with you.
Just queue to buy Inari at 0.875 ...just could not refrain from taking a position.
Worse than a drug addict ....
:) hahaha .... Shall tell you if I suffer withdrawal symptoms in November.

Posted by chennee > 2013-09-18 11:21 | Report Abuse

:( market is at the downside today

Posted by htyeap125 > 2013-09-18 11:22 | Report Abuse

expected

Posted by chennee > 2013-09-18 11:25 | Report Abuse

Holding lots of stock in hand this is bad

Posted by jennylee1382 > 2013-09-18 11:30 | Report Abuse

sephiroth yr always talk abt the TA chart why i can't get and view