Posted by matrixcool > 2014-04-06 15:27 | Report Abuse

profitMan, Thanks for helping winwinborn here.

novice8,

I did the chart reading of TRC for winwinborn on 20/02/14
# 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. ( 20/02)

After the reading ,
It is still trading below its mid term downtrend line at $0.62 (Strong Resistance), a break above this line may take it to its next target of $0.66/$0.68. It opened with a big gap at $0.585 last Friday which lots of Swing Traders and day traders will start to sell to close the gap of $0.585/$0.56. This Big gap is acting as a strong support now.

rooney2u--. I did the reading for Malton for SPRING on 23/03.

# MALTON— Stage 3 of the cycle (price can be volatile) unless high of $1.01 can be taken out with volume. It broke above its immediate downtrend line of $0.83 on 18/02/2014 with volume imply more upward movement which it did and hit a high of $0.935 the next day. After that it starts to pullback to the low of $0.83 which is the new bottom for Malton. Such a big pull back may have shaken out lots of traders. It is trading sideways between $0.83 to $0.89 at the moment.A break above $0.89 with volume may take it to its immediate target of $0.95 with strong resistance at $0.925. Short term trader exit if $0.77 is violated and mid term trader exit if $0.725 is violated.-(23/03)#

After the reading,
It did break above $0.89 and hit my immediate target of $0.95 (The price you bought) and went to the high of $0.98. As mentioned, it is still at stage 3 of the cycle and price can be volatile,not sure what kind of trader are you, but from what I understand that you regretted, did not sell at $0.98 maybe you are a swing or day trader. Last Friday it closed with a “shooting Star” that means some price correction may be on the way, especially if it break below $0.955 then more selling from short term traders can be expected. Any pullback may find immediate support at $0.925/$0.89, as long as these support holds you can expect it to re test $0.98/$1.01 in future.

MrGala---Welcome to this thread. I am a Position Trader that means I hold stocks longer than swing traders, but when the opportunity arises, I will swing trade too. Swing trade needs more monitoring but I think it is really cool as you are trading short term. Position traders sometime we have to ride through the consolidation period which can be boring at times.

tiongms-

MPHBCAP---Stage 2 of the cycle and very Bullish. It completed its Pole and Flag pattern on 02/04/2014 when it broke above $1.82 signal BUY. With the pattern, it carries an estimated target of $2.10 in mid term. It is expected to test its previous high of $1.94 and a break above will find strong resistance at $2.00 and TP2 of $2.10. Any pullback may find support at $1.86 and strong support at $1.80. Any pullback offer buying opportunity for future play, I am happy you are on a winner.

Happy trading…

Posted by sephiroth > 2014-04-06 15:33 | Report Abuse

matrix, i just cash out homeritz at 0.82 (bought 0.575), btw can u check mmode chart when u r free, thanks, i bought at 0.48/0.51

Posted by matrixcool > 2014-04-06 16:42 | Report Abuse

sephiroth -- My big congratulation on your big win on Homeritz, bravo !!
I did the chart reading of MMode for BullRun88 on 19/02/14..

MMODE—It breaks below $0.65 today with a big falling window indicate stage 3 of the cycle is over and starting its stage 4 of the cycle. This is the stage we traders avoid at all costs.Today it hit a low of $0.58 and whether this is the new bottom yet to be proven, the next support is at $0.54. Any rebound should find strong resistance at the “gap resistance’ of $0.63/$0.65.-- ( 19/02/14)

After the reading,
As I pointed out to BullRun88 at that time that it started stage 4 of the cycle and it should be avoided at all cost. It actually broke below $0.58/$0.54 went all the way down to $0.475 ( may have found a new bottom?),before starting its technical rebound now. It is trying to re test its next resistance of $0.58 (Previous support turns resistance). A break above may take it to strong resistance at $0.595 and at the “gap resistance’ of $0.63/$0.65. You bought at a good price of $0.48/$0.51, do exist if $0.475 is violated that means stage 4 of the cycle is not over yet because bottom of $0.475 has yet to be tested.

Happy trading…

Posted by SpeedyBoy > 2014-04-06 16:49 | Report Abuse

Hi matrixcool, have been silently watching your thread for quite a while and have to say that you are going a great job in helping everyone with your chart readings. Also have to commend Profitman for ably taking on the task in your absence. People like you, mikekong and kcchong are unselfishly sharing your knowledge with the others.

Posted by sephiroth > 2014-04-06 16:51 | Report Abuse

matrix, thanks a lot for yr speedy reply, enjoy yr Korea trip

Posted by winwinborn > 2014-04-06 17:02 | Report Abuse

Much Thanks, Profitman for your input on Latitud.
Hi Matrix, Bornoil still have power?

Posted by rooney2u > 2014-04-06 17:12 | Report Abuse

matrixcool, thanks for your analysis,I am mid-term trader and quite worry about the shooting star signal on 4/4 that make i am saying regret to sell on highest.

Posted by novice8 > 2014-04-06 18:34 | Report Abuse

Mat, tqvm for TRC analysis!! An looking fwd your weekly analysis later~ :)

Posted by matrixcool > 2014-04-06 18:45 | Report Abuse

SpeedyBoy—Welcome to this thread and thanks for your kind words. I started this thread also like you were watching the forum quietly for quite a long while, then realizing there are many newbies in this forum looking for tips to buy stocks. I share my trading with only one thought in mind that they won”t make the same mistakes I made before. TA is only a guide, most important is to have a plan when buying in stock and be disciplined when the trade is against us.To make $$$ in the stock market is to lose less and try to ride on profits as long as you could.

sephiroth—You are always welcome and BTW I had come back from Korea Jeju Island trip..Really enjoyed it. Met the real Haenyo, ate a live octopus,sperm worm and also tried their Hanwoo beef.

winwinborn—I am still having Borneo Oil and it will be on my weekly Summary tonight.

rooney2u—A ‘shooting Star”( or Long Upper Shadow does has a bearish implication) normally imply price could be reversed, but you still need a tomorrow candle to confirm it.. Chart wise Malton looks good for further advancement and I am also interested if $0.925 holds.
Do not let 1 candle worry you, I presume you have an exit plan if something really goes against you right? Remember, if you are trading with Fear, or regret you are doing it wrong. If you are a mid term trader you may need to sit through some pullback or sideways movement.

Time for dinner…

Happy trading…

Posted by Joyous > 2014-04-06 18:48 | Report Abuse

Pelikan pelikan..good? Seems like uptrend?

Posted by matrixcool > 2014-04-06 20:30 | Report Abuse

SF, profitMan or anyone whether can help joyous here on Pelikan?

I am watching football now, still havent finished my own weekly summary..

Thanks

Posted by SpeedyBoy > 2014-04-06 20:36 | Report Abuse

matrixcool, I only give credit if due. You deserve it. By the way, I know you are a MU fan. Congrats for the 4-1 victory over Sunderland last night. I do follow EPL but do not have any particular teams to support. Just enjoy watching the games.

Posted by rooney2u > 2014-04-06 21:07 | Report Abuse

matrixcool,

I take my hat off to you as you said below. thanks very much for malton advice

posted by matrixcool > Apr 6, 2014 06:45 PM | Report Abuse

SpeedyBoy—Welcome to this thread and thanks for your kind words. I started this thread also like you were watching the forum quietly for quite a long while, then realizing there are many newbies in this forum looking for tips to buy stocks. I share my trading with only one thought in mind that they won”t make the same mistakes I made before. TA is only a guide, most important is to have a plan when buying in stock and be disciplined when the trade is against us.To make $$$ in the stock market is to lose less and try to ride on profits as long as you could.

Posted by matrixcool > 2014-04-06 22:30 | Report Abuse

speedyBoy and rooney2u , thanks. Anyway, last night we beat Newcastle 4-0 not Sunderland.

Joyous, since SF/profitMan could be busy..Here is the chart reading for:

PELIKAN—Very Bullisg stage 2 of the cycle, after the long period of consolidation from $0.55 to $0.74. It breakout from its consolidation at $0.74 on 07/03 with increased volume and carry an immediate target of $0.925. It hit the target 2 days ago when reached a high of $0.92 but formed a ‘Spinning Top” which imply some consolidation is near. Any weakness may find immediate support at $0.83/$0.79. A break above $0.925 may take it to its next target of $0.985/$1.00. Exit if $0.745 is violated.

Happy trading…

Posted by jacky187 > 2014-04-06 22:32 | Report Abuse

Noted with thanks matrixcool. Will continue observing Maybulk perhaps for round 3 hehe

Alright time to hit the bed tired liao after graduation ceremony ;)

Nite all :D

Posted by matrixcool > 2014-04-07 00:02 | Report Abuse

07/04/2014 Weekly Summary
1) BORNEO OIL-- AV Price=$0.672 after Scale In (Closing=$0.67, P&L= 0 %), Stop Loss=$0.625.Risk= -7 %. Tp1=$0.70, TP2=$0.745. TP3=$0.83 (Exp Trading Range $0.65 to $0.71 ).
Note: Sideways movement with downward biased, it shows more weakness and the momentum has shifted downward. So it may re test its immediate support of $0.66/$0.655. A break below this level spell trouble and it will take a longer time frame to recover. Any rebound should immediate resistance at $0.69 and strong resistance at $0.715.

2) ENGTEX--AV Price=$1.965 (Closing=$2.03, P&L=+3.3 %), Stop Loss (2)=$1.86. Risk= -5.4%. Tp1=$2.08/$2.10, TP2=$2.20/$2.23. (Exp Trading Range $1.97 to $2.10).
Note: Engtex manages to stay above $2.00 (psychological level of Round Number) which is a good sign.Consolidation looks over at the low of $1.84 and the upward momentum has increased so it is expected to test my Tp1 of $2.08/$2.10 and a break above will take it to my TP2. Any weakness will find immediate support at $1.97 and strong support at $1.90. Any weakness offers buying opportunity for future play. I have raised my Stop Loss to $1.86 to reduce my risk to 5.4%.

3) GADANG-- AV Price=$1.21 (Closing=$1.22, P&L= 0 %), Stop Loss =$1.12, Risk= -7.0 %. Tp1=$1.25, TP2=$1.34. (Exp Trading Range $1.17 to $1.25).
Note : It broke above $1.19 with volume 2 days ago and back to stay on the uptrend Channel line, it remains bullish for mid term. Formed a Doji Star last Friday, some consolidation to be expected towards its immediate support of $1.19/$1.17 ?The upward momentum is still intact, a break above $1.25 will take to try next target of $1.34.(Resistance at $1.30-invincible round number resistance).

4) JAYCORP-- AV Price=$0.765 (Closing=$0.775, P&L= +1.3 %), Stop Loss =$0.72, Risk= -5.8 %. Tp1=$0.825, TP2=$0.90. (Exp Trading Range $0.72 to $0.81).
Note :It is forming a Pole and Flag pattern which is very Bullish, last Friday it did a Bull Trap by breaking above the flag pattern at $0.81 but subsequently break below $0.81. More consolidation can be expected and further pullback may find support at 40.76 with very strong support at $0.72. Any rebound will find immediate resistance at $0.81 and if it can stay above $0.81 Jaycorp is expected to scale higher to $0.90 and beyond.

5) MAYBULK— AV Price=$2.07 (Closing=$2.16, P&L=+4.3%), Stop Loss (2)=$2.08. Risk= 0 %. Tp1=$2.19, TP 2=$2.40.TP3=$2.58 (Exp Trading Range $2.09 to $2.20).
NOTE: The Dark Cloud at $2.19 is still shadowing the upward movement of Maybulk so unless it is taken out it is expected to trade between $2.09 to $2.19. It is still under consolidation after the recent surge, some sideways can be expected for Maybulk.The upward momentum is intact so a break above $2.19 will take it to my TP2 of $2.40.I have raised my stop loss level to $2.08 to protect my capital incase of big pullback or I may clear if it can”t clear the Dark cloud at $2.19 to protect my capital and some profits.

6)ORNA-- AV Price=$1.14 (Closing=$1.19, P&L=+4.4%), Trailing Stop =$1.10. Risk= -3.5%. Tp1=$1.29, TP2=$1.42. (Exp Trading Range $1.16 to $1.27).
Note:I re-collect ORNA at $1.17 and $1.11 giving me Av price of $1.14. It breakout from its immediate downtrend line of $1.17 signal BUY on 02/04 and subsequently hit high of $1.25. It is under sideways consolidation and volatility is extremely low so some price movement can be expected soon. Upward momentum is intact and a break above $1.25 will take it to my Tp1 of $1.29 and TP2 of $1.42.


7)PADINI--- AV Price=$1.84 (Closing=$2.03, P&L=+10.3%), Trailing Stop =$1.99. Risk= 0%. Tp1=$2.12, TP2=$2.20/$2.23.(Exp Trading Range $1.96--$2.07).
Note: Formed a Shooting Star while the price is advancing, it may have found a temporary top at $2.07. A break below $2.02 may bring it down to $1.96/$1.94 level. I have set my trailing stop at $1.99 to protect my capital or I may sell on any rebound if $2.07 could not be taken out soon.A break above $2.07 will take it my TP1 of $2.12 and beyond,

I have started to sell:

a)BARAKAH—All cleared at $1.56 to protect my capital.

b)REDTONE—I have set the Trailing Stop at $0.75 to protect my profits or may clear on further rebound. RSI/price has formed a Bearish Divergence and it closed with an inverted hammer on Top.

c)GUNUNG—Collected some Gunung at $0.88 for a short term trade.If break $0.91 should try my estimated target of $0.96/$0.985.

d)SCOMIES—Cleared 50% of Scomies at $1.08 to lock in 5.8% profits, the remaining 50% is set at the Trailing Stop of $1.05 to protect my capital.

As I am trading at my Maximum numbers of stocks I am not monitoring any stock at the moment.

Happy Trading & Good Night..…

Posted by tiongms > 2014-04-07 05:27 | Report Abuse

Morning Brother Matrix,thanks for detailed analysis for MPHBCAP.Also need your analysis for Boustead Holding.Thanks again

Posted by matrixcool > 2014-04-07 10:06 | Report Abuse

tiongms, will look at Boustead later as i need to go down KL to finalize my Turkey Tour..Or anyone profitMan, SF can help tiongms here?

Sold all my PADINI at $1.98( 7.6% profits) when it hit my trailing stop..

Happy Trading...

Posted by profitman > 2014-04-07 13:37 | Report Abuse

tiongms - Boustead: Range bound trading between the resistance line at 5.50 and support line at 5.25. Although it formed a bullish harami on 24/3, it was not followed up with a trend line break, thus rendering the bullish momentum going forward weak. It is now trading sideways in a consolidation mode within a tighter range between 5.35 and 5.45. A break above 5.50 with volume would signal a strong buy. Traders on this counter should exit if the support of 5.25 is broken through.

Posted by matrixcool > 2014-04-07 15:03 | Report Abuse

hey thanks again profitMan for helping out..
Today PADINI and REDTONE hit my trailing stop and I am out on both of them..

PADINI—Out at $1.98 ( In $1.84), earlier sold 20% at $2.06..
REDTONE—Out at $0.75 ( In $0.66), earlier 20% at $0.77..
GADANG hit my TP1 lio..

profitMan, it is quite problematic to go to Cyprus from Turkey, apparently it is run part by Turkey..And will need visa to go to the part that not run by Turkey..So I decided not to bother. Maybe just watch Cyprus from Turkey..

Happy trading…

Posted by cherry tomato > 2014-04-07 15:08 | Report Abuse

Matrixcool can u help me look at Destini?

Posted by profitman > 2014-04-07 15:13 | Report Abuse

matrix - you're welcome. I did not know you need a visa travelling from Turkey to Cyprus. When I went, I traveled straight from here. I am not surprise though, because they are technically at war. Maybe take a long telescope to peek into Cyprus. ha ha ha....

Posted by matrixcool > 2014-04-07 15:55 | Report Abuse

cherry tomato, I did the chart reading of Destini for yoda88 on 11/03.

DESTINI—After hitting high of $0.605 on 11/02 which formed a ‘Dark Cloud” the same day implies some pull back which it did. The big pull back from $0.605 to $0.445 must have shaken out lots of traders, especially it broke below $0.50 and $0.465. It finds a new low of $0.445 on 04/03 with an “Engulfing Bull” implies more rebound, which it did. Today it breaks out from its immediate downtrend line ($0.52) with volume so it is expected to test its immediate resistance at $0.57 and its previous high of $0.605. Unless $0.605 is taken out it is most likely to enter stage 3 of the cycle (Distribution stage and prices can be volatile).--yoda88 (11/03)

After the reading,
It did tested $0.57 and heading towards $0.605. A break above this level with volume it is entering uncharted territory with an immediate target of $0.65 and beyond.

profitMan, ya I do need a long telescope if want to see Cyprus..

Happy Trading.

Posted by ronaldo96 > 2014-04-07 17:04 | Report Abuse

sifu matrix,

Please help for karyon. i bought karyon since last 2 month, wonder whether wanna to sell with bad today signal

Posted by novice8 > 2014-04-07 17:11 | Report Abuse

Ya mat, Gadang is doing great ;)

Posted by cherry tomato > 2014-04-07 17:26 | Report Abuse

Matrixcool have you look at Sarawak Cable? It have please let me know which date.
Sorry about Destini.

Posted by matrix6050 > 2014-04-07 17:29 | Report Abuse

Jaycorp can go even higher, can keep it if you like :) at least keep until end of this month, we will see :)

Posted by novice8 > 2014-04-07 17:33 | Report Abuse

Oh matrix6050, you have news about Jaycorp?

Posted by matrixcool > 2014-04-07 19:03 | Report Abuse

ronaldo96--

KARYON--If you have bought this counter 2 months ago you must have bought it around 30++ cents right? On 24/03 it open with a Big Gap of 3 cents ($0.42 to $0.45), that was your first opportunity to sell or at least part of it to lock in profits because generally a big gap like this will invite swing or day trader to sell in order to fill the gap.The gap of $0.42 was filled on 26/03 and that support was tested many times and holds.. Now it has formed a Pole and Flag pattern which has bullish implication if it breaks and stay above $0.45, it should re test its previous high of $0.475 and beyond. Don”t get too over worry about 1 day bad candle, it just means it may move sideways and consolidate more. You should have a Trailing Stop instead to protect your profits in case the uptrend run is over. The gap support of $0.42 is a good Trailing Stop if I may suggests. ( Still you need to make your own decision when to sell).

Please look at my trades today, I sold all my PADINI and REDTONE when they hit my trailing stop. When PADINI hit high of $2.07 I cleared 20% at $2.06, if you read my weekly summary last Friday it formed a Shooting star which I know some consolidation is expected. I set my trailing stop at $1.99 and it hit it, I am out and happy with the returns. I will move on with other counters and not regretting why I did not sell all at $2.06.

cherry tomato—No need to apologize or feel bad about DESTINI. You are welcome to post any question in this thread. We will do our best to help but you mustn”t take it as a Buy or sell signal from us. As I always say, TA is only a guide.

I will look at SCABLE after my dinner, or anyone like to help cherry here? profitMan, SF or anyone?

novice8—You also in GADANG?

matrix6050—Do share with us if you have information about any stock, appreciate it.

Happy trading…

Posted by ronaldo96 > 2014-04-07 19:08 | Report Abuse

sifu matrixcool,

yes, bought it around 35c. thanks for your advice to lock the profit. I will take note it.

Posted by tradermentah > 2014-04-07 19:30 | Report Abuse

matriXcool sifu, Need guidance on DSnic. Advisable to hold or unload? bought @2.90feb14. thx

Posted by miracle4faith > 2014-04-07 19:40 | Report Abuse

matrixcool and profitman, ur research and comments are very inspiring...
i am new here, i hope i could learn more from u guys....

Posted by novice8 > 2014-04-07 19:58 | Report Abuse

Ya Mat!! I'm in Gadang too!! Is tp2 still intact after today positive move? Tq!!

Posted by bracoli > 2014-04-07 20:00 | Report Abuse

Hi matrix/profitman, can assist on KNM? Tq

Posted by matrixcool > 2014-04-07 22:27 | Report Abuse

08/04/2014

GADANG—Break above my TP1 of $1.25 and is moving to my next TP of $1.34 with resistance at $1.30.

ENGTEX—Hit my TP1 of $2.08/$2.10 today. As long as it did not violate $2.00 counter is expected to scale higher.

ORNA — uptrend is intact to hit R$1. 25/$1.29/$1.42…Immediate Support is at $1.18.

PADINI—Cleared all my PADINI when hit my Trailing Stop of $1.99, sold at $1.98. Earlier I had cleared 20% at $2.06 making the AV Selling price of $2.00 (Bought at $1.84) given me a return of 8.7% in 2 weeks trading.

REDTONE—Cleared all my Redtone when it hit my Trailing Stop at $0.75. Earlier I had cleared 20% at $0.77 making the AV Selling Price of $0.755 (Bought at $0.66) given me a return of 14.4% in 5 weeks trading.

cherry tomato

SCABLE—Stage 3 of the cycle (Price can be volatile) with rectangle trading between $1.45 to $1.63. It breakout from its immediate downtrend line of $1.53 on 02/04 with volumes imply it may re test its immediate resistance of $1.63/$1.66. Unless $1.66 can be taken out it is expected to trade sideways with upward biased for short term.

ronaldo96—You are welcome, hopefully DESTINI will bring in more $$$ for you.. I will put it on my watch list as the exit point of $0.42 may offer some trading opportunity . Thanks for highlighting to me..

tradermentah—welcome to this thread. I cannot tell you whether to hold or sell on Dsonic.. You need to make that most important decision yourself. You bought at really good prices of @2.90feb14. The counter has been Bullish at stage 2 of the cycle until on 04/04 that it dropped from $4.69 to $3.30 indicating stage 3 ( Price can be volatile) of the cycle has started.More rebound could be expected from Dsonic if the support of $3.30 holds,immediate resistance is at $3.95 /$4.00 and very strong resistance at $4.20. Due to the large overhang from traders that bought at the price above $4.00 any rebound over $4.00 will invite sellers. If support of $3.30 fails to hold it may re test $3.18 and strong support at $2.75.Personally I would clear if if $3.18 is violated.

miracle4faith—Welcome to this thread. Hope this thread can help you in your future trading..

bracoli, I did the chart reading of KNM for sunlight on 28/02/2014..

# KNM---After hitting a high of $0.85 KNM had a big Pull Back to low of $0.64. This pull back may have shaken out lots of traders and most likely to start stage 3 of the cycle (Distribution stage) unless $0.85 can be taken out. The new low of $0.64 is most likely to be tested again, if fail to hold expect the next support is at $0.60. Any rebound should find immediate resistance at $0.74,and it is expected to trade in the range of $0.64 to $0.74 if $0.64 holds. Exit if $0.60 is violated.—( 28/02/14)#

After the reading, it did tested and break below $0.64 to the new low of $0.615 but managed to stay above $0.60. As suggested it needs to break and stay above $0.85 which it did on 04/04 with volume. It needs to stay above $0.85 to carry on its stage 2 of the cycle which is very bullish. Formed a “Shooting Star” today imply more consolidation could be expected towards immediate support of $0.82/$0.80 and very strong support is at $0.75.

Happy Trading and Good Night..

Posted by bracoli > 2014-04-07 22:29 | Report Abuse

Thanks matrix as always. Cheers sweet dreams

Posted by tccher > 2014-04-07 23:56 | Report Abuse

Matrixcool , need yr comment and what is the TP on swscap . Thank you very much .

Posted by profitman > 2014-04-08 00:12 | Report Abuse

miracle4faith - thank you for your kind comments. I share Matrix objective in trying to ensure traders do not make the mistakes we made and end up incurring losses. Do share your trading thoughts with us.

Posted by tiongms > 2014-04-08 06:02 | Report Abuse

Good morning Bro.Matrix & Profitman,thanks for the detailed analysis for Boustead.Rgds

Posted by richcares > 2014-04-08 06:29 | Report Abuse

Gud morning Mr matrix cool amd guys, vet thru this blog and find it very regimented and logical not always TA and PE etc. Hope I m welcome here to get tips on stock

Posted by novice8 > 2014-04-08 07:15 | Report Abuse

tq for your analysis!

Posted by matrixcool > 2014-04-08 09:37 | Report Abuse

richcares—Welcome to this thread. Over here we don't”it actually gives tips on which counter to buy instead we share what counters we trade based on TA, sometime FA from others. If you have any counter and want to check on what the TA reading is, do post it here we will do our best to help. But remember TA is only a guide.

profitman—You are right as TA is only a guide, a “trading plan “is what we try to encourage newbies to adopt here when buying into the stock. To take losses early when trade is against us and try to ride on profits as long as possible by setting up a Trailing Stop in case of a big pullback.

tccher--Will look at SWSCap later or profitMan,SF or anyone want to help here?

Happy Trading..

Posted by miracle4faith > 2014-04-08 10:10 | Report Abuse

matrixcool, i would like to know ur views on megb? is it on a downtrend now?

Posted by profitman > 2014-04-08 10:26 | Report Abuse

tccher - SWSCap: On a bullish trend started on 13/2 that was followed up with a gap up on 14/2 with volume. It is currently scaling new highs with an immediate support of 0.70. The next support level is at 0.62 to 0.63. TP1 of 0.68 has been reached on 1/4. TP2 is 0.80 and TP3 is 0.98.

Posted by matrixcool > 2014-04-08 10:56 | Report Abuse

miracle4faith--
MEGB—A big pullback after hitting a high of $0.64 to a low of $0.41 and this must have shaken out lots of traders. It may have found a new bottom at $0.41 and some technical rebound is expected in the near term to immediate resistances at $0.47 and strong resistance at $0.505. Unlee it can stay above $0.505 the upside potential look limited due to the large overhang to be cleared from $0.505 onwards. Exit if $0.41 is violated for short term traders.

profitMan, thanks for helping tccher..

MAYBULK hit my TP1 of $2.19 but could not take out the dark cloud, I cleared 30% of my shares at $2.18 to lock in 5.3% profits.

Happy Trading…

Posted by miracle4faith > 2014-04-08 11:06 | Report Abuse

matrixcool: i entered megb at 0.445. Thank you so much for ur advice. i will take note.

Posted by MrGala > 2014-04-08 11:22 | Report Abuse

Matrixcool, do you think hevea's chart looks attractive now?

Posted by novice8 > 2014-04-08 11:23 | Report Abuse

Profitman- may I know is the Prtasco uptrend still intact? Feeling tempted to go in.. Tq!!

Posted by miracle4faith > 2014-04-08 11:36 | Report Abuse

matrixcool: sch seems to show some glimpse of life after a long way down...whats ur take on this ya? is this a trigger of and uptrend?

Posted by tccher > 2014-04-08 11:54 | Report Abuse

profitman , thank you ! have a nice day and happy trading