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 !!
YTLpower WB Found the new bottom of $0.505 on 20/03 which was tested on 02/04 and holds. Today it breakout from its immediate downtrend line of $0.56 which is bullish. More upward movement can be expected in the near term and the next resistance is at $0.60 if break will meet very strong resistance at $0.63. Any weakness should find support at $0.56 ( a break below imply weakness) and strong support is at $0.535. Exit if $0.505 is violated.
cherry tomato--
MMCCorp It is under consolidation inside the Rectangle trading of $2.75 to $2.87. The counter is trading what we traders call sideways movement, it is boring at the moment unless these 2 scenerio happen: a) It breaks out from the Rectangle of $2.87 with volume, which will invite traders in as the immediate target will be $3.00 and beyond. b) It breaks down from the rectangle at $2.75 which carry a downward target of $2.63 9Its previous low).
GADANG— I cleared another 20% of GADANG at $1.30 locking in 8.3% profits ( So far I had cleared 40% of my stock) It broke above $1.30 today and almost hit my TP2 of $1.34/$1.35.It is expected to test my TP2 soon, any consolidation should find support at $1.28/$1.24. PADINI—Today I begin to collect PADINI at $1.96.. It is forming a symmetrical Triangle formation,I am monitoring the low of $1.93 and will add more shares if this level is not violated.
I am monitoring WCT (starting stage 2 of the cycle when breakout from $2.20 today)& HEVEA (Downward momentum has slowed down and support of $1.32 holding well) for trading opportunities..
I missed buying TNLogis today as wasn”t free in the morning..
Happy trading and Good Night..
Notes: Thanks Jacky..
twobits, it will be a Break out if $1.60 is taken out with volume for BARAKAH..It is on my watch list..
Sorry to hear bout ur sis bro Matrix, wishing her speedy recover n GOD Bless. Quite busy for awhile n not trading, will start trading tmr, watching WCT WD and Pantech.I wud like to join ur dinner too bro.
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.
yoda88—Thanks for the kind thought.. Ok, you are included in the dinner after my China trip.
tccher SMRT—Stage 2 of the cycle and very bullish after breaking out from $0.265 which carry estimated target of $0.335 with strong resistance at $0.30/$0.305. Any weakness should find support at $0.27/$0.265, strong support is at $0.25.Any weakness towards support provide opportunity to collect for future play. Exit if $0.235 is violated.
novice8—Thanks for helping tiongms on MPHBCap
pathew—Later I will put up my email address to those that confirmed to meet over dinner..
brendonyeap—Sorry Brendon my chart could not locate TNLogis WA ?? Anyone can help brendon here?
profitMan—You are on holiday kah? Can”t understand what do you mean ideal sun? You are at the beach holidaying?
ProfitMan, OIC.. ha-ha I thought you were in South African the Sun City..tuck2, thanks !! Wow” Ideal “really fly, congratulation to you profitMan.
qqbb, welcome to this thread.
I will look at sycal and perdana for you after lunch as I need to go out soon. Or anyone from this forum that can help qqbb here, profitMan? Since you are not in real Sun City (joke !)..
Ha, GADANG hit my TP2 of $1.35 which I cleared another 20% ( total sold 60% so far) locking in 13.3%, very happy with the returns..novice are you selling too?
ENGTEX also perform well today, setting new height..
Mat, I am only a small time trader whom cant afford to buy many and dont have the luxury to sell part by part ;) hehe.. I wonder when can I be like you, Profitman etc.. I had indeed sold all my holdings at 1.3 yesterday ;) am also very happy with the return! Tqvm Mat!!!
SYCAL—Very bullish after breaking out from $0.335 with volume 2 days ago which carry immediate target of $0.405 with strong resistance at $0.385. Yesterday it tested the strong resistance of $0.385 but until now failed to clear it and formed a “Shooting Star” imply some pull back. It starts to consolidate today and any weakness should find immediate support at $0.35 and strong support at $0.335. A break below $0.335 shows weakness as the next support is at $0.315 if $0.335 is violated.
PERDANA—Very Bullish now under consolidation trading the tight range of $1.86 to $1.94 with reduced volume. A break above $1.94 will take it to its next resistance of $2.00/$2.01 ( previous high). A break above will take it to the uncharted territory with an estimated target of $2.15 & beyond. Exit if $1.80 is violated.
cherry tomato—Thanks..Ya I sold more GADANG today. Are you in GADANG as well?
novice8—It is OK to start small, only trade what you can afford. I lock in another 20% of GADANG( Sold 80% in total) at $1.41lock in another further 17.5%..It did better than I thought. Very happy with the returns..
i3raymond-- AFG—Stage 4 of the cycle ended with the new bottom of $4.17 on 21/03/2014. Stage 1 of the cycle is expected to trade between $4.32 to $4.60. For stage 1 trading normally traders will buy near $4.32 and clear near $4.60. A break above $4.60 should very strong resistance at $4.70/$4.75. If you are thinking of bottom fishing remember to Exit if $4.17 is violated.
INSAS—Stage 2 of the cycle and very bullish.After hitting high of $1.36 on 03/04 it formed a “ Spinning Top” imply temporary top and some pull back is expected. So far it has consolidated to the low of $1.25, a break below $1.25 will take it to next support of $1.22 and very strong support is at $1.13. A break above $1.36 will take it into uncharted territory with an estimated target of $1.47/$1.50. cherry tomato—Well Done on GADANG..Remember to put a Trailing Stop to protect your profits.
Novice8, thanks , April is a much better month for me compare to March..
SCOMIES—Finally Hit my TP2 of $1.15 which I cleared another 20% locking in 12.7% profits (Total sold 70%). Can it reach $1.20 I wonder??
sleepybryan –Welcome to this thread.. I am a position trader and I am on my own.. Anyway, it is good to share information like you say a win win situation. But is it OK, whatever we share I can post in this thread to share with many of my brother and sisters here? I want them to make money too if possible.
Metta—You are invited but I understand you a vegetarian right? Gadang –Chart wise by calculation next target is at $1.44/$1.45. But will it get there or beyond I cannot be sure. That is why you must have a Trailing Stop just in case there is BIG pull back. Remember what I always say, don”t trade with GREED and FEAR..I am selling mine today and very happy with the returns from GADANG.
tccher—Thanks, are you in GADANG as well?
changlk03 & novie 8, will look at the charts for you tonight..
matrixcool, i am not in Gadang , today sold DBHD @1.310 , bot at 1.140. Ready appreciated your guidance and willing to share and the information here let those newbies like us to follow and gain a lot from you .once again thank you so much brother.
changlk03 –INAR INARI—Stage 2 of the cycle and very bullish. After hitting a high of $2.91 on 03/04 it is under consolidation now. A break above $2.91 will take it to its next estimated target of $3.20. Immediate support is at with stronger support at $2.60. The stock has defied gravity, so far, keep setting new high. Just a word of caution if you want to trade this counter: a) Price and volume form bearish divergence since 19/03. b) Price and RSI form bearish divergence since 26/03. Of course it does not mean it won”to go up anymore, just be careful as the undertone is weaker than thought. If you are in at earlier and riding on profits now do set a Trailing Stop to protect your profits just in case there is a Big pull back.
tccher—Congratulation on your DBhd..Thanks for your kind words, we are here to help each other. tiongms—You are welcome. Just post any question here if I am not available profitMan will definitely help out. His analysis combines TA & FA which is very helpful to short and long term investor.
Thanks so much Matrixcool for the insightful TA on AFG and Insas. Had been trapped with AFG @4.551 for umpteen months. Managed to offload one third @4.58 today just b4 the close. Brendonyeap: someone pointed out that ytlp-wb is so dependent on mother that TA on wb is not as useful as TA for mother. Matrixcool, can help? This counter is springing back to life again. Many expect ytl to follow suit. Hope your sis- in- law is under capable medical care.
WCT-- AV Price=$2.263(Closing=$2.30, P&L=+1.6 %),Stop Loss =$2.11, Risk= -6.8 %. Tp1=$2.37/$2.40, TP2=$2.50/$2.55 .( Exp Trading Range $2.24 to $2.40) Note : Stage 1 of the cycle is over when it broke above $2.20 with volume yesterday. It is starting stage 2 of the cycle, which is very bullish, a break above $2.30 will take it my TP1 of $2.37/$2.40. Any consolidation should find immediate support at $2.24 and strong support at 42.20 ( resistance turn support). Any weakness offer opportunities to collect for future play.
MUDA-- AV Price=$1.66 (Closing=$1.75, P&L=+5.4 %), Stop Loss =$1.58, Risk= -4.8 %. Tp1=1.85/$1.88, TP2=$1.96/$2.000 Exp Trading Range =$1.70 to $1.85) Note : After hitting high of $1.85 on 12/03 MUDA has been consolidating in the past 3 weeks and has found a new bottom in $1.58.Today it breakout from $1.70 signal BUY also means consolidation is over and it is expected to scale higher. It is expected to test its previous high of $1.85 in the near term, if breaks will enter uncharted territory to set new highs.
SCOMIES—If break $1.15 next target is at $1.19/$1.24.
GADANG--Next target is at $1.45/$1.48.
BORNEO OIL and ORNA-- More rebound is expected.
Novice 8
PANTECH—Very bullish after breaking out from the high of $0.945 on 04/04. Today it gap up to break above its immediate downtrend line and form a Breakaway gap. It is expected to scale higher to test its immediate resistance at $1.03 if break will try $1.17 in near term.Any weakness will find support at $0.985/$0.975 (Gap Support) offer opportunities to collect for future play.Very strong support is at $0.945. ( Thanks for highlighting I will put it on my watch list)
i3raymond --You are welcome..
changlk03--When you enter a trade the first thing is to set a Stop Loss level..
TQ for ur feedback on Gadang. Thanx for ur reminder....no greedy greedy ya...
Yes m full vegetarian , no redlwine or alcohol ....only juice or drinking water.....so can join ar...? No wori was jus teasing u ... worried my presence will spoil your party. Hv a great time, k.
Hi Pat been awhile ya. Glad to c u here.
Rgds
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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 !!