HAPPY NEW YEAR EVERYONE !!
Welcome to my 2014 thread, I would like to start the thread with these words;
“ You don’t have to be Great to get started, but you have to get started to be Great “ UNQUOTE.
Hopefully through this thread we can learn,share and exchange ideas to be able to get started and be Great in 2014 !!
I always believe in simplicity in stock market investment whether you are a FA , TA or Both. My aim is always TRY to make Three correct decisions: What to Buy, When to Buy and When to sell. Yet I still make many mistakes days in and days out. Then I realized it was OK to make mistakes at times, the important thing is to make a painful decision when we are wrong.
My resolution for 2014 in stock market? I would like to be able to avoid “Indecisiveness and Regret”.
Many times I have asked myself in 2013 should I buy, sell or hold? Then realized I should have bought,sold or held.
2013 has been a good year for me and I believe for many of you out there.. Then we must also realize KLSE hit the all time high in 2013. I would like to wish everyone to be successful in 2014 too !!
My new format for 2014 is as follows:
1)GHLYSYS-- Av Price=$0.715( Closing=$0.72, P&L=+0.7%), Trailing Stop=$0.665. Risk= -7%. Tp1=$0.79, TP 2=0.845. (Trading Range $0.685 to $0.735).
Note : Formed an engulfing Bull 2 days ago unless $0.685 is broken it should be moving upward in the short term.
2)MUHIBAH-- Av Price=$2.35( Closing=$2.28, P&L=-3%), Trailing Stop=$2.23. Risk= -5%. Tp1=$2.48,
TP 2=?. (Trading Range $2.26 to $2.48).
Note : Rectangle trading range of $2.26 to $2.48.
3)PERISAI-- Av Price=$1.48( Closing=$1.59, P&L= +7.4%), Trailing Stop=$1.50. Risk= 0 %. Tp1=$1.65/$1.70. TP 2=?. (Trading Range $1.53 to $1.66).
Note : Breakout from $1.57 yesterday it is expected to break above $1.60 soon. I have raised my Trailing Stop to $1.50 which is higher than the purchase price to protect my capitals.
4)PERDANA-- Av Price=$1.59( Closing=$1.59, P&L= 0%), Trailing Stop=$1.50. Risk= 6%. Tp1=$1.70. TP 2=1.83. (Trading Range $1.54 to $1.66).
Note: The steady upward movement has slowed down some consolidation can be expected and accumulation on any weakness for future play.
5)TAS-- Av Price=$1.12 ( Closing=$1.15, P&L= +2.6%), Trailing Stop=$1.04. Risk= 7%. Tp1=$1.26. TP 2=1.34. (Trading Range $1.10 to $1.20).
Note : Sideways Movement needs to take out the Doji formed at $1.20.Expects to move higher in near term.
6)TDM-- Av Price=$0.96 ( Closing=$0.95, P&L= -1%), Trailing Stop=$0.905. Risk= 5.6%. Tp1=$1.05. TP 2=?. (Trading Range $0.94-$0.97).
Note :Sideways Movement but upward momentum has increased so more rebound can be expected.
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.
Using this new format if my stock is trading in the trading range I would not update the stocks every day.
Happy Trading !!
TRC—Stage 4 of the cycle ended at the low of $0.505 on 29/08/13 and it is now at stage 1 of the new cycle trading between $0.53 to $0.59. Broke out from $0.59 with BIG volume and hit high of $0.605 on 11/02 which carry immediate target of $0.63/$0.66. The large volume was a Buying Frenzy and not surprising the next 2 days it fizzled out and caught many traders by surprise to dip to $0.565. The Engulfing Bear that formed on 20/02 at $0.60 is shadowing the upward movement of TRC, until this level is taken out it is most likely to consolidate sideways, immediate support adjusts to $0.565.
VS—Uptrend is intact and counter is bullish. It is under consolidation and still under downward momentum, if break $1.49 may find good “Gap” support at $1.48/$1.47. After consolidation it is expected to try the resistance of $1.60 if break may hit its immediate target of $1.66.
Novice8, I will post INSAS and FITTER later in my Summary.
need meter reading on AHB .. how far AHB can go? TA wise if can slot in FA ok juga, thanks - i dont know how to read TA .. masih budak baru belajar.. please help, thanks
AHB Club - AyamTua Holdings Berhad.. wahahahhahaaaa
Hello bro Matrix, MBL has been at the consolidation mode for quiet awhile and today it breach the 50MA with a nice candle and increase in volume. Manage to grab some at 1.02 level, need your advise bro. Thanks.
AHB---Very bullish with the uptrend line intact,and it is expected to test its strong resistance at $0.245.A break above $0.245 not only will take it to its previous high of $0.28 it also breakout from Round Bottom formation on the weekly chart that has an estimated target of $0.38 in the medium term. Any consolidation may find support at $0.215/$0.205.Exit if $0.17 is violated.—Bliss( 18/02/14)
# Our opinions could be wrong, but the MARKET has been always right and the MARKET is bigger than all of us.#
FITTERS-AV Price=$0.815 (Closing=$0.83, P&L=+1.8 %), Stop Loss=$0.785. Risk= -3.7%. Tp1=$0.875/$0.90, TP2=$1.95/$2.00. (Exp Trading Range $0.80 to $0.87) Note: I started to collect FITTERS at $0.815 and will Scale In more shares if breakout from the Symmetrical Triangle with volume. The upward momentum has increase it is most likely to break out from the Triangle soon.
TAS-- Av Price=$1.23( Closing=$1.26, P&L= +2.4 %), Stop Loss=$1.13. Risk= 8%. Tp1=$1.20. TP 2=1.27/$1.32. TP3=$1.40(Exp. Trading Range $1.20 to $1.32). NOTE: Hit my TP2 of $1.27 but failed to clear it. The upward momentum has increased it is expected to break $1.27 to try its previous high of $1.32. A break above will take it to the uncharted territory.
I collected some INSAS at $0.905 for a quick trade, next resistance is at $0.93 and strong Resistance is at $0.97.Will take my losses if break below $0.865.
I cleared my PJDev at $1.55 giving me 7% profits thanks to sephiroth this is the 3rd time I lock in PJDev.
I also sold all my remaining (40%) GUH at $1.27 given me another almost 20% profits, very happy with the returns of GUH.
I am still collecting MayBulk for future play. (Still under consolidation)
I am not monitoring any stock as I am trading at my Maximum of 7 stocks.
Happy Trading and Good Night…
P/s: Yoda88, I will look into MBL for you tomorrow
Jacky187, no Jastika did not form a Dark Cloud today.
MatrixCool: thanks .. AHB already hit 0.275 and hit 0.280. AHB close at 0.280. so theoritically you're saying the bullishness still intact right? and inbound to 0.380? thanks and appreciated
Thanks everyone for the good wishes..After some medicine and rest I am feeling slightly better now.Luckily it is the weekend now so I can have plenty of rest..
AyamTua, For AHB,
Weekly chart does show after breaking out from $0.245 next medium term Target is $0.38 by calculation(Can be months). Immediate resistance is at $0.30 (Round number invincible resistance) it is onto uncharted territory and no overhang to clear. Everyone trades differently, any counter that moves up so sharply you can expect some pull back soon. Some traders will sit and ride through the pullback, some traders like me will lock in profits ( By setting a Trailing Stop) and reenter when the opportunity arises again. You need to make that decision yourself.
Yoda88, MBL—Sideways Rectangle trading of $1.00 to $1.10. Yesterday formed a Big White Candle with increased volume, the upward momentum has increased. A break above $1.10( Signal BUY) has an immediate target of $1.20 with strong resistance at $1.14/$1.16 (Descending Line), if this level is taken out MBL will be Bullish.Any weakness will support at $1.06/$1.03.
FITTERS breakout today with rising window and volumes(I scale in another 50% of shares) counter is very bullish now.Should be moving to the nest resistance soon.
Thank you and congratulations to jholow for giving a very well-written article(see link below). This is for our informed knowledge and for us to evaluate.It is NOT an invitation to buy or sell! http://klse.i3investor.com/blogs/marketpulse/46790.jsp
Novice8 - thanks. Engtex is a good counter to hold medium to long term based on its sustainable business model with good growth potentials and it also has good fundamentals. Good choice.
connie, thanks and heart warming from you and all the forumers like profitMan, workworkwork ,cbyeoh ,tiongms, wokan , BuLLRam ,winwinborn ,novice8 , yoda88, ulutrader all your good wishes..I am 70% ok now after the medicine.. i also enjoyed a bit of wine tonight in DUCKING restaurant at Jaya 1…
ProfitMan, I know you are a good trader and Congratulation on your Engtex.. I sold mine too when it broke $1.80 to protect my capitals and bit of profits..As I always say the most important thing for traders is to protect the capital. I will buy back in when consolidation is over..
I am happy FITTERS did breakout as suggested.. Still lots of overhang to clear if break $0.875, next resistance at $0.93/$0.96..I will be happy with the profits if hit the next target..
BullRun88,Workworkwork..I will look at CAP & REDTONE for you over the weekend..
Good Night I better take the doctor”s asdvice to have some rest..
REDTONE—May have found a new bottom at $0.60, the first BUY signal came on 17/02 when it breaks above its Descending Line at $0.66 and hit its immediate resistance at $0.68. It breakout from $0.68 two days ago further signal BUY( I would have Scale In) and has an immediate target of $0.76.It is very Bullish and any consolidation towards $0.68(Resistance turns support) offer opportunity to accumulate for future play.A successful break through of strong resistance of $0.76 will take it to previous high of $0.86 and beyond. 3 white candles for the past 3 days imply bullish uptrend should continue. Exit if $0.60 is violated.
CAP—Very bearish even though the new bottom of $0.28 has been tested on a few occasions, but a break below implies stage 4 of the cycle not completed yet. Any rebound should find resistance at $0.32/$0.335. If you are thinking of bottom fishing remember to put a Stop Loss below $0.28.
Thanks, Matrix. Hope everyone following Matrix make profit$!
MKH already go above RM4.00 :). Will sell at 4.50 region to lock-in profits although it may go beyond RM5.
Bornoil i sold when it failed to break above 0.70 region convincingly. Thinking of buying back for future play, looking for entry point. Target above 0.80.
Redtone i will add more next week. Target above 0.75, 2nd target above 0.80. next stop 0.90.
i am also monitoring Hovid...
Asiapac i traded few rounds from 0.21-0.22. entry 0.185. when it failed to breach above 0.22, i started to trade it for small gain. Manage to cover losses from Huayang by trading Asiapac.
sephiroth, i sold PJDev at $1.55 to make way for INSAS. Congratulation on your winning on PJD-WC. I am very happy for you.You really ride on the profits for PJD-WC..
workworkwork, not every counter I touched make $$$, often I need to bite the bullets to take my losses too.But February has been real kind to me, so far I only cleared ULICORP at a small loss ( 1% losses).Others has brought in profits ranging from 4% to 20%, trade well $$$ will follow.
Thanks for highlighting Redtone, look good for more advances. I will put it under my watch list.
Congratulation on your MKH, remember to set a Trailing Stop to lock in profits. Borneo Oil showed weakness after the close last Friday. U made the right decision to dispose.
Hi Matrix, can help analyse MKLand, OSK prop and PJDev for me? I intend to invest in property stocks, but noted their prices had increased drastically. Any recommendations? TQ!
Thanks bro Matrix for the reading of MBL, am still holding since it breaks 1.10 level and looking forward to lock in profit next week. How do you look at Hexza, some positive movement on Friday after consolidating for awhile. A nice bullish candle forms with volume. Thank you.
Brendonyeap, I am not too sure about Property stocks because of the cooling effects by the government and how bad it will affect their performances. Maybe some FA on Property Sector can help you. I only look at the stocks in TA point of view only. Here is the reading of the charts for:
PJDev—I traded this stock because it highlighted to me by Sephiroth, and thanks to him I locked in profits on few occasions latest being last week when I sold mine at $1.55. PJ DEV—: It issue a BUY signal when break above $1.44 with a Rising window which I bought in at $1.45, it hit my immediate target of $1.52 but could not close above $1.50. A close above $1.50 ( I may scale in more shares)confirms it is entering into uncharted territory with an estimated target of $1.64. Any weakness should find support at $1.46 and strong Gap support at $1.44/$1.43 also offer an opportunity to accumulate for future play.—(Reading done on 17th FEB 2014.). If break $1.60 should head towards immediate target of $1.64.
MKLand—Very Bullish and stage 2 of the cycle. It broke out from $0.425 on 14/02 with volume and has an immediate target of $0.46 which it achieved on 19/02.It formed an “Engulfing Bear” on the same day imply some pull back, which it did. Now the “Engulfing Bear” is shadowing the upward movement of MK Land.It is under consolidation with reduced volume, which is healthy and expect to trade between $0.42 to $0.46 during consolidation.A successful breakout of $0.46 will take it to its previous high of $0.475 and into uncharted territory. Exit if $0.39 is violated.
OSKProp—Very Bullish and keep setting new highs. It breakout from $1.55 with a BIG gap on 19/02 and with such a Gap of ($1.47 to $1.54) definitely invites sellers and which it did and now it is trying to close the Gap. The Gap is partially closed now and the Gap of $1.47/$1.54 is the new support for OSK.The upward movement is still intact even though the upward momentum has decreased. If the Gap support holds, it is expected to re test resistance of $1.55/$1.59 after the consolidation. Exit if $1.40 is violated.
Yoda88,
Hexza—Agreed with you reading on Hexza after last Friday closed. It actually breaks out from $0.69 (Rectangle Trading) with an immediate Target of $0.74. The consolidation looks over after hitting a high of $0.795 on 29/10/13 and found the new base at $0.64. A successful break above of $0.74 should take it to re test previous high of $0.795. Exit if $0.64 is violated.
I am happy you bought MBL at a good price but do monitor the Descending Line i mentioned, if break above it is very Bullish.
Note: I would be flying off tomorrow morning( Need to leave for airport by 9.30am) so may not have time to read more charts for you all this weekend. I would try to do it while on holiday at night if possible.
TA—Broke out from its Descending Line 0n 18/02 and counter has turned Bullish. The consolidation of the high of $0.85 looks over after finding the new bottom at $0.725.A break above $0.815 it is most likely to test its previous high of $0.85/$0.86. Any consolidation should find immediate support at the Gap support at $0.78/$0.775,strong support is at $0.755. If it can break above $0.86 TA should scale real high.
MULPHA—Stage 1 of the cycle,Rectangle trading of $0.405 to $0.45.Unless it could break out from $0.45 with volumes ( traders may come in), it is expected to trade sideways.A break above with volume will take it to its immediate target of $0.485. Exit if $0.395 is violated.
Thanks everyone for the good wishes. Really need to start packing now..
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 > 2014-01-01 22:42 | Report Abuse
HAPPY NEW YEAR EVERYONE !! Welcome to my 2014 thread, I would like to start the thread with these words; “ You don’t have to be Great to get started, but you have to get started to be Great “ UNQUOTE. Hopefully through this thread we can learn,share and exchange ideas to be able to get started and be Great in 2014 !! I always believe in simplicity in stock market investment whether you are a FA , TA or Both. My aim is always TRY to make Three correct decisions: What to Buy, When to Buy and When to sell. Yet I still make many mistakes days in and days out. Then I realized it was OK to make mistakes at times, the important thing is to make a painful decision when we are wrong. My resolution for 2014 in stock market? I would like to be able to avoid “Indecisiveness and Regret”. Many times I have asked myself in 2013 should I buy, sell or hold? Then realized I should have bought,sold or held. 2013 has been a good year for me and I believe for many of you out there.. Then we must also realize KLSE hit the all time high in 2013. I would like to wish everyone to be successful in 2014 too !! My new format for 2014 is as follows: 1)GHLYSYS-- Av Price=$0.715( Closing=$0.72, P&L=+0.7%), Trailing Stop=$0.665. Risk= -7%. Tp1=$0.79, TP 2=0.845. (Trading Range $0.685 to $0.735). Note : Formed an engulfing Bull 2 days ago unless $0.685 is broken it should be moving upward in the short term. 2)MUHIBAH-- Av Price=$2.35( Closing=$2.28, P&L=-3%), Trailing Stop=$2.23. Risk= -5%. Tp1=$2.48, TP 2=?. (Trading Range $2.26 to $2.48). Note : Rectangle trading range of $2.26 to $2.48. 3)PERISAI-- Av Price=$1.48( Closing=$1.59, P&L= +7.4%), Trailing Stop=$1.50. Risk= 0 %. Tp1=$1.65/$1.70. TP 2=?. (Trading Range $1.53 to $1.66). Note : Breakout from $1.57 yesterday it is expected to break above $1.60 soon. I have raised my Trailing Stop to $1.50 which is higher than the purchase price to protect my capitals. 4)PERDANA-- Av Price=$1.59( Closing=$1.59, P&L= 0%), Trailing Stop=$1.50. Risk= 6%. Tp1=$1.70. TP 2=1.83. (Trading Range $1.54 to $1.66). Note: The steady upward movement has slowed down some consolidation can be expected and accumulation on any weakness for future play. 5)TAS-- Av Price=$1.12 ( Closing=$1.15, P&L= +2.6%), Trailing Stop=$1.04. Risk= 7%. Tp1=$1.26. TP 2=1.34. (Trading Range $1.10 to $1.20). Note : Sideways Movement needs to take out the Doji formed at $1.20.Expects to move higher in near term. 6)TDM-- Av Price=$0.96 ( Closing=$0.95, P&L= -1%), Trailing Stop=$0.905. Risk= 5.6%. Tp1=$1.05. TP 2=?. (Trading Range $0.94-$0.97). Note :Sideways Movement but upward momentum has increased so more rebound can be expected. 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. Using this new format if my stock is trading in the trading range I would not update the stocks every day. Happy Trading !!