Posted by yoda88 > 2014-06-06 11:40 | Report Abuse

tsy88-Wong
WOng may climb high after a good surge ystr accompany with volume. However it did not manage to break the strong resistance of 0.815 with volume and that could bring the stk to trade side ways again as after the long conso it manage to spike on the 24th April and since than it traded side ways.

Today with the weak mrkt sentiment there's no support and we can see its hovering at a range bound trade.Accumulation can be seen over the last couple of weeks despite the price holding at the range between 0.73 to 0.76 level.

If one have the holding power, could see this stock to perform in mid term with a resistance of 0.815 and 0.86. If the strong resistance of 0.905 is broken with volume, it will trade at uncharted teritory. Failure to break 0.815 it will trade side ways. Supports 0.73,0.709 with a stop loss at 0.655.Happy trading.

Posted by tsy88 > 2014-06-06 12:07 | Report Abuse

Yoda88- Thanks 4 yr prompt reply. Noted. Wl not buy 2day n wl monitor 1st.

Posted by Chenlai > 2014-06-06 12:46 | Report Abuse

Dear TCB...can help to read Bertam? TQVM!

Posted by jass > 2014-06-06 12:50 | Report Abuse

hi TCB, can help to read Solid and KTB? tqvm :)

Posted by FAST_5 > 2014-06-06 14:02 | Report Abuse

Dear TCB... wht do you think of P-METAL

Posted by yoda88 > 2014-06-06 14:23 | Report Abuse

jass-KTB
Some fresh buying can be seen today and KTB move frm 0.25 to a high of 0.275 on the morning session. Momentum seems to pick up with MACD and stochastic in bullish region. Keep an eye towards end of the day and must accompany by volume. A good entry this morning should be at 0.255 level.

Resitance 0.275/0.29 and strong resistance 0.32.
Supports - 0.25/0.24 with a stop loss at 0.23

Posted by jass > 2014-06-06 14:45 | Report Abuse

thanks yoda for ktb.
can u read SOLID too. tq

Posted by matrixcool > 2014-06-06 18:10 | Report Abuse

TCB will do the chart reading over the weekend.
Please check on Sunday evening if you have made the requests.

Have a nice weekend.

Posted by Lz Lee Weiping > 2014-06-07 00:32 | Report Abuse

SOLID:
in my opinion this stock have a resistance of 1.02 and supports are 0.91 and 0.87.
there's a MACD bearish divergence from 19/03/2014 to 03/06/2014.
plus in my opinion when a stock price is going up and the volume is decreasing, prices will either increase at a slower rate or start to drop.
plus when i viewed weekly chart, the MACD seems to be flat, Stochastic and RSI have started to drop. So i think this stock will enter a bearish state if the support level of 0.91 and 0.87 are being broken.

Posted by nch218 > 2014-06-07 00:38 | Report Abuse

Dear TCB, chart reading for L&G　ＬＡ　ａｎｄ　Ｐｒｅｓｔａｒ．　Ｔｑ．

Posted by ck > 2014-06-07 00:39 | Report Abuse

Hi TCB, any comment on fbmklci izzit form a lower low n head&shoulder.

Posted by jass > 2014-06-07 10:00 | Report Abuse

thanks lz lee for de solid info ;))

Posted by tsy88 > 2014-06-08 07:00 | Report Abuse

Dear TCB - Kenanga retraced frm high of 0.86 to 0.745. Can c buyer support at 0.75. At current lvl, I think it offers good opportunity to buy. What wl be my stop loss if my entry point is 0.76? Kindly advise.

Posted by ProfitMan > 2014-06-08 10:54 | Report Abuse

Lz Lee Weiping - Alaqar:

You are right, it is now trading in a rectangle. It should have strong support at 1.35. The next support level is at 1.31 while the next resistance levels are at 1.42 and 1.44. It more of a rectangle trading pattern than a triangle. To me, it is currently non-trending and moving sideways.


Posted by Lz Lee Weiping > Jun 6, 2014 10:37 AM | Report Abuse
dear TCB can help on ALAQAR?

had a trend reversal in 16/01/2014 (long candle tail), and now it's trading in a rectangle which had a strong support at 1.35 and a resistance of 1.4. But then it seems to me that it's also trading in a big triangle which has the support level of 1.3 and resistance level of 1.4 since the year 2013.

Posted by ProfitMan > 2014-06-08 11:07 | Report Abuse

tsy88 - Kenanga:

It would depend on your risk profile. For me personally, I would put it at 0.74/0.735. A couple of important pointers to note though:
1. the next support is at 0.725
2. it is in a correction phase and has retraced 38%.

Posted by matrixcool > 2014-06-08 12:20 | Report Abuse

Lz Lee Weiping—Thanks for your reading on SOLID for jass..Appreciate it.

Your analysis on ALAQAR also concurred with profitMan, keep up your good works and we welcome you to share your TA here with us.Try to look at volume too for your TA beside indicators.

Have a nice weekend..

Posted by matrixcool > 2014-06-08 13:58 | Report Abuse

Novice 8,

WASEONG—I took my losses last month when it breached the immediate uptrend line on 30/05/2014. It has been trying since to try to push back up its uptrend line. Formed 3 Engulfing Bears since 28/05 showed Bearish sentiments and most likely to trade downwards. Waseong needs to stay above $1.97 to stand a chance to overcome those Engulfing Bears at $2.01/$2.03 (Very Strong Resistance).Failure to do so will most likely to trade from $1.97 to $1.82. Stop Loss if $1.82 is violated with volume.

Happy Trading..

Posted by lfctrade > 2014-06-08 15:09 | Report Abuse

Dear TCB, can you please check on iris and kub?
A million thanks!

Posted by JimYeoh > 2014-06-08 15:16 | Report Abuse

Dear TCB, can you please comment on LCTH

Thanks in advance.

Posted by tsy88 > 2014-06-08 15:22 | Report Abuse

Profitman. Tq so much. Thought it has corrected enough n poised 2 resume uptrend in coming days.

Posted by matrixcool > 2014-06-08 16:23 | Report Abuse

Chenlai,

BERTAM—I did a quick trade on BERTAM and managed to sell it on 27/05 when it hit my target of $1.06.( Those that received my email alert will know this counter last month).
It is at stage 2 of the cycle and very bullish but after hitting high of $1.06 it started its consolidation with reduced volume which is healthy. It tested its immediate support of 0.96 but manage to hold above this level so far is an encouraging sign. BERTAM violated its uptrend line on 04/06 with volume and this uptrend line will now act as its Resistance for any future rebound. (As of today the reading is at $1.03 and rising).The downward momentum has slowed down and some rebound to $1.00/$1.03 can be expected soon. BUT a break below $0.96 signal longer consolidation period with next meaningful support at $0.90/$0.88. Stop Loss if $0.83 is violated

Happy Trading..

Posted by novice8 > 2014-06-08 18:08 | Report Abuse

mat, tqvm on waseong analysis!
in your detail analysis, you mentioned about the uptrend line violation on the 30 may for waseong and bertam on 4 june.. may i know how did you derive and figure the uptrend line? tq!!!

Posted by matrixcool > 2014-06-08 20:35 | Report Abuse

novice 8,

Waseong--If you look at the chart, just join the line on 27/12/2013 low at $1.61 to 10/04/2014 at a low of $1.83 and 28/05/2014 at a low of $1.93 and extend that line.
Now you will see that uptrend line was violated on 30/05/2014 when it closed at $1.91.
The next 3 days they try to push it back up the line, that is the time traders will normally clear the position and on 05/06/2014 the line is violated again.
Now that line reads $1.96 and rising, which is about the same level of immediate resistance of $1.97. (Can you see it?)

If you still cant figure it out maybe i will email you the chart next week..

Happy Trading..

Posted by ProfitMan > 2014-06-08 21:32 | Report Abuse

lfctrade - Iris:

Update analysis: Broke out of its rectangle pattern on 28/5 with volume but the breakout was unsustainable. It has now slipped back into the pattern under selling pressures. Immediate support remains at 0.40. Still need to clear 0.435 consistently and the important resistance to overcome now is 0.46 before it can trend higher.

Currently trading under the corrective wave 2. A sustainable bullish breakout with volume from this phase will launch it into the bullish wave 3.

Earlier analysis on May 23, 2014 for ck:-

Immediate Support: 0.40
Immediate resistance = 0.435

Consolidating in a rectangle. If break 0.435, will test its next resistance at 0.51 while a break below 0.40 will see it trend lower towards 0.325. It is in the correction phase.

Posted by yoda88 > 2014-06-08 21:46 | Report Abuse

FAST_5-Pmetal
Pmetal looks positive for a rally after a range trading and if it manage to scale above the BB band and breaks the 3.72 level.
Traders may buy if the stock stays above the 20MA around 3.64 level.
Noticeable reading frm all the oscillators showed that it is triggering a positive momentum.Overall the long term uptrend is still intact. Pemtal is likely to restore its uptrend & see further upside towards 3.74; 3.80.Long term target is above 4.00.

However, a failure to stay above 3.64 level it will likely see the stock trading sideways and on a range bound trading and further supports is at 3.58;3,52 with a stop loss at 3.47.

Posted by stay_foolish > 2014-06-08 21:56 | Report Abuse

CK- KLCI

I did read KLCI on 29/5

It has been a long debate whether the valuation of KLCI is cheap or expensive. To be frank, we dont know how high it will go and how low it will go too. It looked like a cup and handle pattern to me. Resistance 1 is 1877 and resistance 2 is 1889. Need to break 1889 instead to go higher. The support 1 is 1863 and support 2 is 1839. The RSI is normal now. There is no overbought or oversold. So I expect it will break through 1889 sooner or later. ( Just assumption )

After reading on 08/06

The assumption I made on 29/5 was wrong. Looks like resistance 1882 is very hard to break. On 30/5, it formed grave stone doji which mean the uptrend has ended. The price gap down the next day on 02/06. The recent price correction has violated the uptrend channel. Support at 1863 looks very frail. Immediate support will be at 1854. The resistance 1 would be 1875. It does not look like head and shoulder pattern to me :)

Posted by stay_foolish > 2014-06-08 21:58 | Report Abuse

Senyi 88- PJD-WC

I read PJDEC-wc on Jun 4,

It actually has two cup and handle pattern. One is from 24/02 to 15/5. Another one is from 25/02 to 14/4. However, the price failed to stay above the two cup and handle pattern. It broke the 0.745 support line and further test 0.7. Support line 2 is 0.675. According to the 2013 and 2014 RSI record, the price will rebound when the RSI below 30. I am not sure whether the history will repeat again ( During 2011, 2012 and 2013, the price actually consolidate when the RSI below 30).

After Reading on 8

I failed to recognize there are two fallen window on 27/05 and 28/05. Which means bearish trend should continue and it also violate the uptrend line. The price is expected to consolidate btw 0.70 and 0.735. Immediate support is 0.675 if 0.7 cant hold.

Posted by yoda88 > 2014-06-08 22:58 | Report Abuse

lfctrade- KUB
An inverted hammer has formed last Friday, watch for a reversal signal on Monday. Price and volume still intact despite a weak sentiment last week.Mid term uptrend still intact.

It trading at a range trade at the moment, ranging around 0.51 to 0.54 level. Resistance can be found at 0.545 and 0.555, if it manage to break the strong resistance accompany with volume it might break the 0.60 level.

Failure to stay above 0.515 it might trade side ways n range trading.
Immediate support 0.515;0.51 and a stop loss if 0.50 is violated.
Happy trading.

Posted by jennylee1382 > 2014-06-08 23:12 | Report Abuse

Dear TCB, can you please check on mpay wa and pmetal ca and ideal ca?
A million thank you!

Posted by matrixcool > 2014-06-08 23:27 | Report Abuse

09/06/08

Old Stocks Update:

ENGTEX—Not out of wood yet. Upward Momentum increased, more rebound can be expected. If break above $1.88 signal price reversal for short term to $1.90/$1.93 (Gap Resistance).Support adjusts to 41.84/$1.83.

PRTASCO—Sideways movement from $1.92 to $2.01.Upward Momentum has increased, yet to break and stay above $2.01 convincingly, but the landscape has improved lately. It is expected to re test $2.01 and if break will test its previous high of $2.04 and beyond.

WCT—Upward Momentum has increased, may test immediate resistance at $2.18/$2.20. Not out of the wood yet, the landscape for WCT will improve if can break and stay above $2.20.

Happy trading and Good Night..

Posted by Metta > 2014-06-08 23:40 | Report Abuse

HI Bro Matrixcool, been awhile since I touch base here. Hope u r all fine and huatx3 in d mkt. Ur house is bz all time with some many requests. Wat u n gang r doing is so commendable. Kudos to all of u !

Guess u must hv reaped gud harvest from E&O, remember Is one of your favorite stock. Oops ya, Pathew u too must hv harvested good profit too ya ?

Stay Happy n Healthy.

Posted by Metta > 2014-06-08 23:44 | Report Abuse

Bro. Matrix, forgot ...hope ur sis-in-law is doing fine. Stay positive n Rgds to her ya.

Gud Nite.

Posted by stay_foolish > 2014-06-08 23:44 | Report Abuse

NCH 218

Prestar

Stage 3- Distribution. It actually violated the upward channel. Support at 0.56 looks very frail. Immediate support is 0.54. If 0.53 cannot hold, it is going to become stage 4-Markdown. Immediate resistance 1 is 0.575 and 0.59.

L&G-LA

It is actually violated the uptrend channel. It is a bad sign that the price has broken 0.42 on 27/05. The price will further consolidate from 0.4 to 0.42. Support 1 is 0.395 and support 2 is 0.385. However, there is a RSI bullish divergence on 05/06. I believe someone is accumulating the shares :)

Posted by ProfitMan > 2014-06-09 00:23 | Report Abuse

jennylee1382 - Ideal-WA:

I assume you are referring to Ideal WA. Resistance is at 0.305 while support is at 0.20. You can expect it to trade sideways in the short term unless its mother share trends up. As this was only listed recently, there can be no meaningful reading of the chart.

Posted by Lz Lee Weiping > 2014-06-09 01:40 | Report Abuse

This is some random stock that i pick up to do analysis hope you guys try to help up the things that i miss. Thanks for the encouragement and the guidance.

AirAsia:
triple bottom with the resistance of 2.18, on 27/12/2013, 04/02/2014 and 06/05/2014. The volume generally were decreasing. The support level of the triple bottom is 2.57/2.55. There's a breakout at 22nd and 23/05/2014 with volume but then it's being pull back it seems like it's going to retest the resistance level 2.55/2.57.

Pasdec:
have a gap resistance of 0.6..and it forms like an ascending triangle with a resistance level of 0.58. Volume are generally decreasing throughout the triangle except the point where it had a breakout. at 26/05/2014, it seems that it has breakout the triangle and now it's in bullish state, and will try to break the resistance of 0.6 and the highest resistance of 0.63.

PJDEV:
have a resistance of 1.61/1.62, and highest resistance is 1.63 seems like a ascending triangle but then the horizontal line 1.61/1.62 doesn't really touches that much of the candlestick. have a support level of 1.57 and 1.52, it seems like the trend will still consolidate judging from the volume.

Posted by novice8 > 2014-06-09 07:20 | Report Abuse

good morning everyone!
mat, i got the uptrend for both waseong and bertam! :) tqvm!!

Posted by matrixcool > 2014-06-09 08:22 | Report Abuse

JimYeoh—Will look at your LCTH later..

jennylee1382—Nice to hear from you again, will look at your mpay/pmetal later..

noice8, Very happy you are slowly picking up TA too..

Lz Lee Weiping—We are very happy you share your TA on those counters with us, we will look at them and hopefully learn together. As I always says everyone read TA differently so our thought could be differ from you so any added notes by us means to share our thought together K?

Happy Trading..

Posted by matrixcool > 2014-06-09 08:39 | Report Abuse

Sis Metta—It has been a while since you drop by and I would like to congratulate you on E&O, happy you are riding on it still. Remember to set a Trailing Stop to protect your profits even though it may still heading north just in case there is a big pullback.

TCB started with 8 of us and I am very grateful to all of them that are helping to make TCB a sincere and honest thread that with one aim that is to help those traders that need help on TA of their stocks. Of course TA can only be used as a guide especially entry and exit level. We are here to encourage traders to trade with a plan, be disciplined and cultivate habits of locking in profits. I received many emails with many being caught on many counters because of their greeds and lack of discipline.

My sister in law is doing fine, many thanks.

Hope to see you more often in TCB..

Happy Trading..

Posted by Metta > 2014-06-09 08:47 | Report Abuse

Bro Matrixcool, Happy morning to u n all.

Thank you so much for reminding me ur ever so true Mantra - avoid greed n b disciplined !
Stay Cheerful !

Posted by Lz Lee Weiping > 2014-06-09 10:34 | Report Abuse

matrixcool - I'm aware that everyone read TA differently, that's why I would like you guys to share your opinion/thoughts about it, so that I could learn and see what did I actually miss on the TA.

Posted by matrixcool > 2014-06-09 10:44 | Report Abuse

JimYeoh

LCTH—After hitting a high of $0.305 it started its consolidation with reduce volume, which is healthy. It tested its strong support ay $0.245 and started to rebound is an encouraging sign. It is expected to rebound further to its immediate resistance of $0.27 and very strong resistance at $0.29 (Alos its previous uptrend line now acts as strong resistance).
$0.245 is a very important support for LCTH because it has also become the neck line level for a possible Head and Shoulder pattern which has bearish implication.( Of course one can never know that until it happen).
Stop Loss if $0.24 is violated with volume.

Lz Lee Weiping --profitMan will add inputs to your TA reading, hopefully both of you can share some TA points.

Happy Trading..

Posted by ProfitMan > 2014-06-09 10:49 | Report Abuse

Lz Lee Weiping - Air Asia:

Yes,it has formed a strong support base at 2.18/2.19 in the triple bottom pattern. The resistance level is at 2.55/2.57. If it breaks out of this resistance line with volume without retracing, it will be set for an uptrend. That breakout from 21-23 was unsustainable as some of the traders who were caught on the downtrend cleared their positions. This can be expected from a share which has been down for a prolonged period of time.

Its support levels are now at 2.43 and 2.36 (gap support). Notice too that there is a price/accdist vol divergence, i.e. accumulation of shares taking place.

I will run through Pasdec and PJDev later. Sorry.

Posted by speakup > 2014-06-09 10:50 | Report Abuse

last week all rush to sell sona.
today all rush to buy sona.

Posted by chong ls > 2014-06-09 11:25 | Report Abuse

Good morning, TCB brothers.
How's Efficient? Very active these few days.
Alibaba signed to buy 10.35% of SingPost and SingPost holds 20.8% of Efficient . Hope the info is correct. Thanks.

Posted by matrixcool > 2014-06-09 11:43 | Report Abuse

jennylee1382,

yoda did the chart reading for Pmetal yesterday, normally warrant follow mother shares.
Your Pmetal Ca only has 1 month data to give a accurate reading.
Trading range of $0.18 to $0.22 for now..

Happy Trading..

Posted by ProfitMan > 2014-06-09 11:48 | Report Abuse

speakup - welcome. What you just described is prevalent in markets across the world, the herd mentality. Probably there were a lot of people who sold on hearsay. Sona without QA was trading between 0.49 to 0.53 but with QA, it sold down from 0.60 to 0.51. The stock market can be unpredictable. A spark in information/rumour/comment can trigger a run up/down

Posted by ProfitMan > 2014-06-09 13:13 | Report Abuse

Lz Lee Weiping - Pasdec:

It is not trading an ascending triangle pattern but it is bullish in wave 3. It carries an immediate support of 0.57. Strong support is expected at 0.54. It is currently testing to break the gap resistance of 0.60 before attempting to take out the 0.635 resistance to scale new heights. This gap resistance is an important marker, one which must be taken out if it were to trend higher.

The low volume coupled with the consolidation phase do suggest sellers exhaustion and in fact, there were also some accumulation going on during the last few trading sessions. There is an overall healthy increase in volume after the gap up on 26/5 which is important for the uptrend to continue.

Posted by ProfitMan > 2014-06-09 14:46 | Report Abuse

Lz Lee Weiping - PJDev:

Currently under consolidation in the bullish phase. It is trading in an ascending triangle and a buy signal will be triggered when price breaks out of the 1.62 resistance line. Yes, the support levels are at 1.57 (immediate support) and 1.52 respectively. In the very short term, it will likely consolidate further on waning momentum.

For the horizontal line to qualify, it must touch at least 2 points of the highs which is the case here.

Very good attempt Lee. Generally, you are in the right direction and your reading is on.

Posted by cherry tomato > 2014-06-09 15:42 | Report Abuse

Dear TCB, it there any changes from 21 May posting on LNGRES?

Broke out of its 0.28 resistance line with volume from its rectangle trading on 10/4. Bullish engulfing candle on 6/5 restarted its bullish run after a series of consolidation prior to that. A break from 0.31 will see it test the 0.32 resistance before scaling new highs. But a break below 0.295 will see it fall back to the 0.265 level. Currently, 0.31 is posing as a stubborn resistance.

Support 1 = 0.285 ; Major support = 0.265
Resistance = 0.32.
TP 1 = 0.34 ; TP 2 = 0.39

Posted by choolooi > 2014-06-09 15:44 | Report Abuse

Abric is the first STOCK in Focus for this TCB thread when it was started.
3 weeks on it has given those who bought a very hefty profit , if they sell the stock at this point in time.

Cheers for ABRIC and TCB