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 !!
Bro matrix, just wanna reconfirm on the acc / dist formula again. Base on your formula of MF, MF = [(Close - Low) - (High - Close)] /(High - Low), i got +ve 1 for the MF on 24 Apr instead of 0.035, [ (0.855 - 0.82) - (0.855 - 0.855)] divide (0.855 - 0.82), what has gone wrong with me?
Farmbes—Very bullish trading in a Uptrend Channel. It is under consolidation now after hitting a high of $0.78 on 25/04. It is now testing its important support of $0.66 (Also the uptrend support line), a break below this level with volume spell trouble as the uptrend channel is broken. As long it stays in the uptrend channel it is expected to test its immediate resistance at $0.70 if break will try to fill the strong Gap Resistance at $0.715/$0.725.
BJCorp—Very bearish, stage 4 of the cycle maybe over at the new bottom of $0.49. It is expected to start stage 1 of a new cycle if $0.49 holds. Expect rectangle trading between $0.40 to $0.565 with immediate resistance at $0.52/$0.54. If you are thinking of bottom fishing do set an exit point be low $0.49 (That means stage 4 cycle is not over if $0.49 is violated.)
htyeap125--You are welcome and thanks for pointing out my mistake on 24/04.
Today cleared some BARAKAH at $1.67 to release some capital and buy in MINHO at $1.05.. The momentum of MINHO may take it to break above the Ascending Triangle..
Wow. Mat u are awesome, I've just started to followed you, and i dont understand how u get all these awesome analysis from. Its so amazing!!! HOpe to learn more from u!!
Anyways, Lately I've been investing in Pelikan at 0.9 and Sycal at 0.35
Profitman,SF,htyeap n safewin, i am still in kl as a tourist guide to my niece. Now still in China town n v b late tonight. Pl help those forum investors with the charts if free. Dimo Limo, welcome to our thread n thanks for the kind words. Remember TA is only a guide..
trader96 -- what do you think about PMETAL swee_on-- an help to look at Psiptek?
Trader96 & swee_on, I will look at the chart tomorrow for you. As I just got back from Kl and needs to rest now..
Dino Limo—I did the chart reading for Pelikan on 06/04 for joyous.
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.— (06/04)
After the reading,
It actually breaks above $0.925 and hit a high of $0.96 but short of my target of $0.985/$1.00.It is still under consolidation and set a low of $0.885 2 days ago.Whether $0.885 is a new bottom is yet to be tested. Any rebound should find immediate resistance oat $0.92/$0.94. A break below $0.885 may take it to the next support of $0.87 and strong support at $0.84. Exit if $0.83 is violated.
I also did the chart of SYCAL for Qqbb & sephiroth on 10/04 and 15/04.
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. Qqbb ( 10/04)
If break $0.405 next target is at $0.43. My congratulation to your winning on SYCAL.. sephiroth (15/04)
After the reading,
It did hit my target of $0.43 on 18th and 21st of April. After hitting my target it has a big pulled back to $0.345 2 days ago. The big pullback must have shaken out a lot of traders and caught those try to average down badly. That is why I always advise those that trade on stage 2 of a bullish cycle must always set a Trailing Stop to protect their profits. Some technical rebound can be expected to $0.365 and strong resistance at $0.385/$0.39. Any rebound will invite sellers that were caught earlier who refused to admit mistakes to take early losses, but now will try to clear to reduce their losses. If support of $0.345 is violated, as stated on my 10/04 posting the next support is at $0.335/$0.315.
Today sold 20% of BARAKAH at $1.67 to lock in 3.7% of profits and release some capital to buy in MINHO.
MINHO--: I have been monitoring MINHO since it takes the shape of “Ascending Triangle”, as stated in my earlier post that the momentum has picked up lately. Today I started to collect at $1.05 thinking of maybe doing a day trade if it can reach $1.13. Unless it could clear and stay above the Ascending Triangle I may clear if MINHO can”t stay above $1.13 for a quick profit within T+3.
BORNEO OIL—Form a separating Line today, it is expected to test immediate resistance at $0.67, a break above confirms a price reversal to next strong resistance at $0.695/$0.70.
BREM—Extremely low volatility on oversold position, expect some upward price movement soon. Immediate resistance at $2.12, it needs to stay above $2.12 to proceed its upward movement.
HEVEA—Upward momentum, it is expected to retest $1.45 if break will test the previous high of $1.50. Will sell if can”t break above $1.45.
JAYCORP—Dark Cloud formed on 24/04 at $0.86 is shadowing the upward movement. The downward momentum has slowed down and it may have found a new bottom at $0.74. Further rebound is expected to $0.80/$0.81.
PRTASCO—Have been trading inside the Bullish Flag pattern for the past 24 sessions and volatility is extremely low, a big price fluctuation could be near.The downward momentum has slowed down, a break above the $1.92 signal breakout and should try immediate resistance of $1.95 (Engulfing Bear formed on 17/04), once this is taken out it is expected to try my TP1 of $2.00/$2.04. A break below $1.85 will take it to next support of $1.80.
I presume both of your software does not have the Acc/Dist indicator.. Both of your calculation are correct as I mentioned in my earlier post that I had made a mistake in the entry for the high and low column formula on my spreadsheet, the formula was copied to all other days.
SF, after the MF you multiply that with the day volume that give you a MF vol, then you add up this vol with the previous volume..Let say i use your MF value exactly the Acc/Dis is as below:
Sorry i did not have time to check every day MF as i thought by providing the formula you all can work out yourself for the stock you want. Willow is only an example..I am happy you all are looking at this value now, it is useful to look for divergence. Be careful, it is very easily manipulate by a player because it is priced dependent .Sometime the players will take up 1-2 bits before closing to make sure it present a good picture.
Dino Limo , MINHO needs to break above its Ascending Triangle with volume..If not i will lock in to take my profits..
Dino Limo - generally, we compare the daily volume to its MA (Moving Average) Volume and a look at its historical volume can also provide you with a guide. Different counters at different prices can have different volume characteristics.
PMETAL—Stage 2 of the cycle and very bullish.After hitting high of $3.78 on 28/04 it is under healthy consolidation. Set a new low at $3.20 on 05/05 but yet to be tested. If $3.20 stays one can expect it to move back to its immediate resistance of $3.40/$3.50 and retest its previous high of $3.78. Failure to hold above $3.20 it is expected to find very strong support at $3.00 level.
htyeap125—You are most welcome as we are here to learn from each other. Hopefully the indicator will help you in your future trading..
Nana88—Thanks, don”t worry there are many counters to trade it is OK to miss certain counter sometime. I missed many counters too sometime because I am on my maximum counters of 7-8.
MINHO hit my TP1 of $1.19/$1.20 after breaking out of the Ascending Triangle , if break $1.20 will test $1.23/$1.26. I have cleared 50% of my shares at $1.18 to lock in 13% profit for T+1 trading. I have also raised my Trailing stop at $1.10 to protect my remaining 50% profit just in case of a big pullback.
profitman—Thanks for helping Dino Limo on the volume breakout..
Month of May maybe not as bad as thought, so far cleared 3 counters:
PANTECH ( in $0.98, out $0.995) to release my capital
BARAKAH-sold 20% of my shares to release capital to invest Minho (In $1.61 out $1.67) locked in 3.7% profits. May keep selling as it has failed to clear $1.70.
MINHO—Sold 50% (in $1.05, at $1.18) locking in 13 % profits.
Psiptek---Very bullish after breaking out from $0.29 on 17/06/2013 which carry immediate target of $0.395 and $0.43. It achieved the first target on 05/05 and started its consolidation. Any consolidation towards immediate support of $0.32/$0.29 offer buying opportunity for future play. Any rebound should find immediate resistance at $0.355/$0.38. A break above $0.395 will take it $0.405 and target 2 of $0.43.Exit if $0.285 is violated.
Need to go down KL, profitMan, Sf, Htyeap, safewin do help out other forum investors if they need chart reading.
Matrix - ok. Pretty busy these few days too but will help when possible.
Congrats on Minho. Managed to do a quick trade on it for some quick profits, thanks to you. Lying low at the moment because i have been pretty busy with not much time to monitor the charts. I am also monitoring Engtex & also Salcon & Insas.
profitman--Happy to hear you manage to do a quick trade on MIHHO..Thanks for sharing Engtex & also Salcon & Insas.I had started to collect Engtex this morning, it is not out of the wood yet, need not to rush. let us know when Insas and Salcon is readied.
novice8 --It is ok to miss MINHO. There will be plenty more opportunities in the stock market. Just trade well and be disciplined you will be OK in the long term.
trader96 --You are welcome. Remember TA is only a guide..
BREM— Resting on important support of $2.02 with bearish Separating Line formed, if break below $2.02 spells more troubles I may clear & take a small loss to protect my capitals.
HEVEA—Uptrend intact. Developing into sideways Rectangle Trading from $1.32 to $1.45. Unless it can break above $1.45 with volume I may start to clear Hevea to release my capital.
MINHO—Breakout from the “Ascending Triangle” as suggested @ $1.13 with volume and hit my Tp1 of $1.19/$1.20 and TP2 of $1.23/$1.26. I cleared 50% of my stocks at $1.18 to lock in 13% profits. I will be watching closely on my Tp2 of $1.23/$1.26 if it can”t break above I may cleared all to lock in my profits first. I have raised my Stop Loss level to $1.13 (if violated ) to protect my profits.
PRTASCO—Have been trading inside the Bullish Flag pattern for the past 25 sessions and volatility is extremely low, a big price fluctuation could be near.The upward momentum has increased, a break above the $1.92 signal breakout and should try immediate resistance of $1.95 (Engulfing Bear formed on 17/04), once this is taken out it is expected to try my TP1 of $2.00/$2.04. A break below $1.85 will take it to next support of $1.80.
WaSeong—I have been collecting Waseong from $1.97 to $2.03 . The downward momentum has slowed down and it may find its temporary bottom at $1.97, some rebound can be expected in the near term.
Happy Trading and good night..
P/S: Joyous--KTB break it resistant at 0,29 today and close at 0.3 meaning the nest resistant is at 0.32 tomorrow? Yap, it should be testing $0.32 soon. wokan—Don”t worry, many counters to trade sand Minho is still bullish as long as it stays above $1.13.
I need chart reading GADANG for navi on 27/04 GADANG---Stage 2 of the cycle and very bullish. It is under consolidation and found a new temporary top at $1.96 .A break above $1.96 will take it to its invincible round number resistance at $2.00 and beyond. It has an estimated target of: TP1=$2.00, TP2=$2.20. Any weakness should find immediate support at : S1=$1.78/$1.76 ( offer buying opportunity), S2=$1.64/$1.60. It shows weakness if S1 is violated that means consolidation may take longer time. Depend on your trading plan it may be advisable to set a trailing stop to protect your profits just in case there is big pullback. Navi-(27/04)
After the reading it did consolidate to a low of $1.65 which is close to my S2 of $1.64. The “Engulfing Bull’formed on 06/05 confirmed the new low of $1.65 and it is expected to rebound to its immediate resistance of $1.82., if break may try strong resistance at $1.90 and the previous high of $1.96.
GKENT—Very Bullish stage 2 of the cycle. It hits high of $1.93 on 21/04 but formed a spinning top that day indicating some consolidation which it did. It consolidated to a new low of $1.65 but yet to be tested. If low of $1.65 stays and a break above $1.73 it is expected to retest its immediate resistance at $1.77/$1.80. If $1.65 fails to hold the next support is at 41.62 and strong support is at $1.54.
Thanks bro matrix and still learning the technical analysis on the chart. I already on-board GKENT end of today while may take up position on Gadang if market condition favour able.
wokan---Thanks bro matrix and still learning the technical analysis on the chart. I already on-board GKENT end of today while may take up position on Gadang if market condition favour able.
Very happy to hear you are learning TA. Next time does share your TA reading here, and if we have different opinions we will add our notes in this way you can learn faster. ProfitMan, SF and htyeap are willing to share their thoughts on any TA too..
But remember TA can only use as a guide to entry and exit.. If you know TA you stand a good advantage than most traders, you will buy and sell stocks at a more favourable price.
Good Luck on your GKENT /GADANG.. Oops..Morning Jog now..
Jasonshteh—Welcome to our thread. If you have any counter that needs TA just post it here and we will do our best.. winwinborn—profitMan, SF or anyone would you like to help winwinborn to analysis for CCMDBIO, my server is down.
BARAKAH—Hit my TP1 of $1.72 which I cleared another 30% at $1.73 to lock in 7.5% profits..( Total sold 50% so far).The next TP is at $1.78/$1.80
Happy Trading..
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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 !!