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 !!
SCH—Stage 1 of the cycle (Accumulation stage) Rectangle trading from $0.225 to $2.55 and strong resistance at $0.27 if $0.255 is broken.. If you are thinking of bottom fishing please set the exit if $0.225 is violated.
MrGala-- I used to trade this counter and also did the chart reading for brendon on 20/03.
#HEVEA –Very Bullish after It broke out from the Double Bottom formation, and has an estimated target of $1.40/$1.45.A break above $1.45 confirm it will carry on stage 2 of the cycle which is also to uncharted territory. Any weakness should find support at $1.30 and strong support is at $1.24 and offer opportunity to buy for future play. Exit if $1.18 is violated.-(20/03)# After the reading, It did break above $1.45 to a new high of $1.50. Now it is under consolidation after the recent high,today it re tested low $1.32 and rebounded from there ( until now) which is a good sign. If $1.32 holds it is expected to re test immediate resistance at $1.40/$1.42 and a break above $1.42 signal BUY for it re test $1.50 and beyond. Note: if you are thinking of buying during this consolidation you may want to observe $1.32 and exit if it is violated as the next support is at $1.27/$1.24. (Thanks for highlighting I am putting it on my watch list again)
novice8 - Prtasco's uptrend is still intact. It has retraced 38% and it has an immediate support at 1.91/1.92. The momentum has weakened at the moment. I have locked in profits on this one but will be closely monitoring for re-entry.
ellesse - CMSB: for mid to long term holdings, suggest you look into its fundamentals. A quick look at its annual report revealed a pretty good counter to hold. Good revenue growth of 17.7% in 2013 and a 30% growth in profits before tax. Impressive liquid ratios of 2.91, low gearing at 0.06 times and most importantly consistent positive cash flow. I would strongly suggest you analyse its FA in more detail (I may have missed something) and I always recommend an estimation of its intrinsic value so that you know what is your trading safety margin.
profitMan, many thanks for helping ellesse here..welcome to this thread ellesse. profitMan not only look at TA he added FA together before he buys any stocks..I respect that a lots.
SpeedyBoy-- on Sendai
SENDAI—Stage 4 of the cycle may be ended with the new bottom of $0.875 formed on 06/03/2014. It is now starting its stage 1 of the new cycle trading in the ranges of $0.96 to $1.10 with strong resistance at $1.13. Unless $1.13 is taken out with volumes (Signal BUY for new stage 2 of the cycle) it is expected to trade in the rectangle.
rooney2u
Sona—I did SONA on 05/03 for ronaldo96
profitMan did the chart reading on 17/02 for SONA and it did hit its target of $0.62 on 24/02/14. Well Done profitMan.After hitting $0.62 it did a Big Pull Back til $0.475 which shows undertone weakness.Yesterday it rebounded from the low with a Big white Candle and volume, imply it may find its new base at $0.475. More rebound could be expected to $0.55 and strong resistance at $0.585. If you are bottom fishing Exit if $0.47 is violated--(05/03/14) After the reading, It did confirm the new bottom of $0.475 and hit resistance of $0.55. But due the weak undertone I mentioned on 05/03/2014 the rebound could not reach its strong resistance at $0.585. It is slowly gaining more momentum lately and a confirmed breakout of $0.55 with volume will definitely take it to next resistance of $0.585 and the previous high of $0.62. It is under consolidation at the moment and any further weakness should find support at $0.52/$0.505. A break below $0.50 spell troubles and exit if $0.475 is violated.
androsjy-- Matrix Concepts & MKH MATRIX—Stage 2 of the cycle and it is very bullish. It is under consolidation after hitting a recent new high of $4.09. Any further weakness should find support at $3.91/$3.86. Very strong support at $3.76, for short term trader exit if $3.70 is violated. A break above $4.05 will take it to next target of $4.12/$4.20.
profitMan, can you help out androsjy on MKH..It is under consolidation at the moment..
I have urgent matter to attend as my sister in law confirm 3rd stage of cancer and need to operate this Saturday..Also it affect my tour to China on 16th April as they are suppose to travel with me..
matrix, so sorry to hear about your sister-in-law. may she have a successful operation this saturday and a speedy recovery thereafter. take care matrix ..
M sorry to hear about your sis-in law. Please keep calm and continue to radiate positive and loving kindness thoughts to her. May she have a successful operation free from all obstacles n May all,doctors n nurses involved in the procedures be guided always.
androsjy - MKH: As Matrix mentioned, it is under consolidation at the moment. It formed a hanging man on 1/4 suggesting a potential bearish trend. After unsuccessfully attempting to scale higher on 3/4, it succumbed to selling pressures and is now consolidating. Between 21/3 and 3/4, it traded with a Price/RSI divergence suggesting a weakening in the upward momentum. Retracement todate is less than 38%. It is now testing its immediate support level at 4.48. A break at 4.48 would see it testing the next support at 4.21. Immediate resistance is 4.92.
Hi Matrix, be strong for your sister-in -law.My prayers are with you. Been following you but not active in the market. I guess I was spoofed by the events in Ukraine and the local happenings.I admire your patience to assemble your thoughts and give your inputs stage by stage on stocks queries and other volunteers helping you out. It is good you put the caveat emptor...buyer beware.Trading momentum stocks require a high degree of patience and timing and I am just looking at palm oil sector and the export sector at the moment so I do not look now daily which explains my little or no contribution.
Thanks to everyone for all your kind thought, really appreciate all your kindness..Connie, htyeap125 & metta, it has been a long time since I last saw you here in this thread. The operation change to Monday, apparently Saturday is not a good day according to the Chinese calendar.
profitMan, thanks for helping androsjy on MKH..
JAYCORP—Collected another 20% share at $0.77 today and now my Av Price(2)=$0.766.The support of $0.77 seem to be holding well ( If break below $0.77 will spell trouble towards the next support of $0.72). The upward momentum is intact so it is expected to re test its immediate resistance at $0.81 and the previous high of $0.825. A break above $0.825 will takes it to my TP1 of $0.90 and beyond.
GADANG— I cleared 20% of GADANG at $1.27 locking in 5.8% after seeing It can”t break above $1.28. Novice8, I know you are also in GADANG just to let you know I had cleared some at $1.27 today.It needs to break $1.28 to hit my next target of $1.34...
MAYBULK—Cleared 30% of Maybulkat $2.18 to lock in 5.3% of the profits. It is trying to clear the Dark Cloud at $2.19 if break will test my TP2 of $2.40 with strong resistance at $2.30.May keep selling if $2.19 cannot be taken out soon.
I am monitoring TNLogis & PADINI for trading opportunity..
Hi matrix, which organ cancer does ur sis in law hv? Is its just taking a biopsy at the moment to confirm diagnosis and prognosis? Hope all will be fine
novice8, GUNUNG i collected that day at $0.88 and sold when it could not break $0.91 (I collect for very short term trade as mentioned). Show weakness at the moment, i am not having any Gunung now. You need to make your own decision if decided to buy.. I am happy you lock in profits for GADANG…
miracle4faith - Symphny: Broke out on 27/3 to start its bullish trend with volume. It hit its TP1 of 0.28 yesterday, 8/4. TP2 is 0.35 and TP3 is 0.41. Immediate support is 0.27 to 0.275. It is scaling new highs. Catalyst: Takeover by Ranhill. I am also trading this counter with an entry price of 0.21. Caution: The increase has been fast. Remember to set your profit protection price and stop loss price.
UNISEM—Stage 1 of the cycle ended when it broke $1.09 to start Stage 2 of the cycle, which is very bullish (weekly Chart). Today it breaks out from its ‘Ascending Triangle” at $1.13 which has bullish implication & tested its immediate resistance of $1.17 but failed to clear it, a break above $1.17 will take it to its next target of $1.25 & beyond. Any weakness should find immediate support at $1.09/$1.06, Very strong support at $0.99. Exit if $0.945 is violated. Note: Be cautious when trade this counter as from the past cycles it has big Pull Back during consolidation.
GTRONIC—Stage 2 of the cycle and very Bullish. It is forming Flagpole with pennant which has bullish implication. A break above $3.64 will take it back to its previous high of $3.75 and the next target of $3.90. Any weakness towards the immediate support of $3.52/$3.50 offer buying opportunity for the future play.Very strong support is at $3.42. You are definitely on a winner on this one..
Pat, are you from KL? Remember last time we try to plan for meeting up, I am thinking of arranging a wine & dine dinner ( Everything on me) in KL maybe after my trip to China. So far cbyeoh, SUNLIGHT,profitMan,ViviYap, SF said they want to join. I am thinking of a small group first so that we can actually get to know each other.Let me know Ok ?
deedee --Thanks for your kind wishes..
profitMan, thanks for helping miracle4faith on Symphny..
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 !!