Posted by ProfitMan > 2014-06-09 16:01 | Report Abuse

cherry tomato - Lngres:

It is now in a correction mode and its uptrend line has been broken down. 0.285 is now the resistance with major resistance at 0.33. Immediate support is 0.245 and if broken will trend down to 0.215.

Posted by matrixcool > 2014-06-09 16:30 | Report Abuse

jennylee1382

MPAYWA—Consolidation with downward biased, it needs to break above its immediate downtrend line at $0.205 for the price reversal.The next strong resistance is pegged at $0.24. For the short term more likely to re test support of $0.18 if fail to hold should find stronger support at $0.17.

chong ls, thanks for sharing information on Efficient, appreciate it.

Choolooi, thanks for updating ABRIC..

Happy Trading..

Posted by livermore > 2014-06-09 16:36 | Report Abuse

dear TCB,

can u provide update on DESTINI. unable to break 0.75 today...will it consolidate ?

Posted by Lz Lee Weiping > 2014-06-09 16:57 | Report Abuse

ProfitMan - about the counter AirAsia i don't really see where's the price/acc dist vol divergence..could you please show it to me?

Thanks

Posted by ProfitMan > 2014-06-09 17:16 | Report Abuse

Lz Lee Weiping - AirAsia:

If you look at the candle on 28/5, it trended down until 3/6 before it went up. If you look at the corresponding accdist vol chart you will notice in general, the line slopes up from that day onwards. It does not conform to the movement of the price during this period.

Posted by Lz Lee Weiping > 2014-06-09 19:50 | Report Abuse

DESTINI:
Ascending triangle with a resistance of 0.675 and today it has broken it's resistance but the volume is under volume MA. Most probably it will try get pullback to the triangle again or it will try break its next resistance at 0.705 after it breaks 0.705 it will go to an uncharted area. In my opinion I think it will get pullback into the triangle again cause the volume is not high enough,

Posted by livermore > 2014-06-09 19:59 | Report Abuse

Thanks Lz for the info on DESTINI

Posted by matrixcool > 2014-06-09 20:42 | Report Abuse

livermore, I did the chart reading for ck on 05/06 on DESTINI , I want to thank Lz Lee Weiping for his input on Destini.

# DESTINI—It is at stage 2 of the cycle and very bullish. Now forming what looks like an Ascending Triangle with reaction high at $0.675, a break above this level with volume will take it to its previous high and into uncharted territory. (05/06)#

I agreed with Lz Lee Weiping that the breakout today is short of volume to scale to new highs. But if it can take out $0.685 soon it will definitely try its previous high of $0.70/$0.705 and if break will enter into uncharted territory. It will need big volume to break $0.705 to be convincing. Stop Loss if $0.64 is violated.

Happy Trading..

Posted by davidlim07 > 2014-06-09 20:54 | Report Abuse

Dear TCB..Could u look at IDEAL?? It formed a double bottom at 0.27?

Posted by stay_foolish > 2014-06-09 23:11 | Report Abuse

Davidlim07

Ideal

It is not a double bottom pattern. No double bottom pattern is valid until the stock moves through the reaction high which is 0.355. The volume should increase as the stock moves toward the first and second bottom which the volume now is more like consolidating due to indecision of buyers and sellers The price is expect to further consolidate btw 0.265 and 0.285. The major support is 0.265.

Posted by matrixcool > 2014-06-10 10:27 | Report Abuse

10/06/2014

Old Stock Update:

PRTASCO--lack of volume to break its previous high of $2/04..I have raised my Trailing Stop at $1.99 to protect my profits or may also selling into strength..

Happy Trading..

Posted by speakup > 2014-06-10 10:32 | Report Abuse

KPS lai liao!

Posted by tsy88 > 2014-06-10 12:16 | Report Abuse

Matrixcool- Wl be most obliged if u can give me yr e-mail address n include me in yr stks alert directly. M short term trader like u. Thanks in anticipation.

Posted by matrixcool > 2014-06-10 14:09 | Report Abuse

tsy88 ,

You can reach me at:

matrixcool02@gmail.com

(02 reads zero 2)

Happy Trading

Posted by livermore > 2014-06-10 14:12 | Report Abuse

thanks matrixcool on further info on DESTINI

Posted by yoda88 > 2014-06-10 14:17 | Report Abuse

TAS- Its share price manage to scale above 10d SMA lst Friday, The recent consolidation period looks exhausted and the daily oscillators shows that it is at oversold position. A technical rebound can be seen in today's first half trading it has temporarily fill the resistance gap of 1.40/1.42.If accompany by volume further upsides are targeted at 1.42,1.46 and 1.56.
Immediate supports can be found at 1.35 and 1.32.
A stop loss will be at 1.28 level.
Happy Trading.

Posted by tsy88 > 2014-06-10 14:25 | Report Abuse

Matrixcool. Tqvm. Wl email u n give my particulars this evening.

Posted by speakup > 2014-06-10 14:27 | Report Abuse

if u miss KPS at 1.50, can go for my 2nd top pick BRIGHT.
BRIGHT havent moved yet, soon!

Posted by novice8 > 2014-06-10 19:13 | Report Abuse

mat, tq on protasco! :)

Posted by Chenlai > 2014-06-10 22:56 | Report Abuse

Hi Matrixcool/Profitman

GHLSYS has finally broken support today at $0.895...however I noticed that the volume is not very high (low buying interest). Does it mean, today resistance breakout is not able to ascertain the uptrend yet?

Sorry I'm very a newbie in TA.

Thanks in advance for your guidance.

Posted by matrixcool > Jun 6, 2014 10:59 AM | Report Abuse

CK,

GHLSYS--Stage 4 of the cycle may be ended on 06/05 at a low $0.755, normally stage 1 of the cycle should begin after that and normally trade inside a Rectangle Trading. (Say from $0.815 to $0.895).
But the latest development of GHLSys looks like developing into Uptrend Channel with higher high and higher low. Normally this is very bullish but after such a big Pull Back we may need to be careful it is not developing into a Rising Wedge which has bearish implication. Do monitor the volume if it keeps setting new high with reduced volume you may want to observe the Uptrend Line well and clear if this line is violated with volume.

Note: The Rising Wedge will keep moving higher to the resistance on what profitMan posted, the shares are distributed if it is indeed a Rising Wedge.

cherry tomato—Thanks for helping TCB to post the reading of profitMan on GHLSys from last month.

Happy trading..

Posted by davidlee > 2014-06-10 23:22 | Report Abuse

TCB, any comment for mrcb? Tq

Posted by Chenlai > 2014-06-10 23:26 | Report Abuse

Hi Matrixcool

I must have missed out your feedback. Thanks for Bertam!
The support mentioned below at 0.96 has been broken and it went further down to 0.915 today.

Noticed below that you send email alert on stocks.
Can I trouble you to send an email alert to me as well?
It would be great to hear stocks alert from you.

Posted by matrixcool > Jun 8, 2014 04:23 PM | 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 matrixcool > 2014-06-10 23:41 | Report Abuse

PRTASCO—As suggested yesterday, hit the previous high of $2.04 but fail to break above it. Immediate support adjusts to $2.01/$1.99. It needs more volume to penetrate $2.04. I sold 50% of my share to lock in my profits. I have increased my Trailing Stop at $1.99 to protect my remaining profits.

Chenlai--profitMan cover GHLSys, i will let him answer your query.
BERTAM--I will look at the chart for you tomorrow.
Please send me an email at:
matrixcool02@gmail.com (02 read zero two)

davidlee --TCB will look at MRCB for you tomorrow.

Happy Trading and Good Night..

Posted by Lz Lee Weiping > 2014-06-11 00:23 | Report Abuse

TCB please have a look on CRESBLD

CRESBLD:
I would say that this stock is bullish since may 2013, but it's consolidating since nov 2013 until now. It's trading between it's support and resistance level of 1.49 and 1.58 respectively, and it's next support level is 1.46. Judging the volume i think it will still be consolidating. If breakout with volume at 1.58 means this stock will head north to an uncharted area.

Posted by tsy88 > 2014-06-11 07:57 | Report Abuse

Matrixcool- Tq so much 4 the stocks given. M modt interested in Gadang, Mitra n Knm. Orna wl buy on breakout of 1.30.

Posted by CityTrader > 2014-06-11 08:00 | Report Abuse

Hi Matrixcool, Profitman n the gang of comrades. Nice visiting your home n happy trading.

Posted by johnny cash > 2014-06-11 08:03 | Report Abuse

dear TCB ----------good morning..what you have to say on CYPARK,,,and SKPETRO??? thanks

Posted by matrixcool > 2014-06-11 09:30 | Report Abuse

Chenlai,

BERTAM--After the reading as what you said it violated immediate support of $0.96 and consolidation is expected to be longer than anticipated. It is heading to the strong support as mentioned by me i.e $0.90/$0.88, any rebound may find immediate resistance at $0.96(Support turns resistance) and strong resistance at at it previous uptrend line(As of today the reading is at $1.03 and rising).

Happy Trading

Posted by cherry tomato > 2014-06-11 10:09 | Report Abuse

Good morning TCB,
any changes on BJCorp reading from last month post?

Posted by cherry tomato > 2014-06-11 10:12 | Report Abuse

By Matrixcool on 6 May

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.)

Posted by matrixcool > 2014-06-11 10:42 | Report Abuse

cherry tomato, BJCorp --The scenario remains the same that is very bearish except $0.49 is violated and found a new low of $0.455 and yet to be tested.Can you tell me are you trying to bottom fishing? As I always say we will avoid stage 4 counter at all cost.

Happy Trading..

Posted by ProfitMan > 2014-06-11 11:00 | Report Abuse

Chenlai - GHLSys:

I think you meant it has broken the resistance of 0.895. It hasn't really broken it but it did tested it to close 0.895 yesterday. Some traders look to the next 2-3 candles to confirm the resistance has indeed been broken. It is testing this resistance again today. The next resistance level we will be looking at will be at 0.93.

I think the buying interest has increased. It traded above 30 MA volume yesterday and it is likely that today's volume will also be above MA vol. The share's momentum too has increased somewhat over the past 2-3 days.

However, do keep at back of your head, the rising wedge that Matrix is cautioning by monitoring the price and volume movement closely. Technically, it is on an uptrend at the moment but if it develops into a rising wedge then it can turn bearish.

Posted by cherry tomato > 2014-06-11 11:00 | Report Abuse

Matrixcool, thinking to accumulate/average down the price

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

Dear TCB,

Wht do you see for sernkou? Thanks

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

cherry tomato --what was your entry price? If you had bought in after my posting on 6th May for Bottom Fishing you should have gotten out when $0.49 is violated.
TCB does not encourage average down, you should have taken your loses and move on.
No Offend but there is a saying:
# Only Losers average Losers# in the stock market.--Unquote !

Happy Trading..

Posted by stay_foolish > 2014-06-11 11:10 | Report Abuse

Jonnycash

Skpetro

Stage 3- distribution. It is just violate the long term up trend few more weeks ago. The support is very strong at 3.97. On 10/6, the price gap up and indicate the price reversal. on 11/06 which is today, the price gap up again which confirmed the price reversal. Price is will further test 4.20 and test 4.27. Need to break 4.35 to be trend reversal.

Posted by cherry tomato > 2014-06-11 11:12 | Report Abuse

Matrixcool, noted.

Posted by pathew > 2014-06-11 12:01 | Report Abuse

Hi TCB team,

2 stocks that I need your advice on:
MMODE
Closed previous gap down convincingly and has been moving upwards thereafter. Seems like it's trying to form new base at 70sen. Immediate resistance around 73sen and year high at 76.5sen.

ELKDESA
Seems like it's coming out from sideways pattern from 1.45 - 1.50 and retesting strong resistance at 1.50 after it dropped to a low of 1.35 previously. Breakout of 1.50 with volume should signal buy.

Please correct me if my TA is weak :P

Posted by stay_foolish > 2014-06-11 12:19 | Report Abuse

Jonnycash

Skpetro

Sorry guys, I made some mistake. The gap up I mention is not gap up.

The meaning of gap is a break between prices on a chart that occurs when the price of a stock makes a sharp move up or down with no trading occurring in between.

On 10/6 and 11/6, the price is just open higher than previous closing price.

Posted by novice8 > 2014-06-11 13:00 | Report Abuse

Hi TCB.. May I ask your help to advise Brem pls? Tq!!

Posted by yoda88 > 2014-06-11 13:45 | Report Abuse

Davidlee-MRCB
Yesterday's daily and weekly chart gives a positive signal with a cup and handle formation but due to a T4 and weak volume it drags the price down. Can anticipate some selling by contra players today and once the selling is absorbed it might reverse back late today or tomorrow. Long term uptrend is still intact.

Resistance 1.67 and 1.81.
Immediate supports 1.59 and 1.57.
A stop loss will be at 1.53 level.
Happy Trading.

Posted by novice8 > 2014-06-11 15:41 | Report Abuse

May I add two more pls- Huayang and Redtone pls? Tq TCB!!

Posted by matrixcool > 2014-06-11 15:57 | Report Abuse

johnny cash,
i did the chart reading for CYPark on 03/06..

CYPark—Stage 2 of the cycle and very bullish, It is under consolidation in downward movement after hitting a high of $3.05 on 23/04/14. It hit a low of $2.74 today and if this low cannot hold it is expected to test its strong support at $2.70 and $2.65 which may offer buying opportunity for future play. Cypark shows weakness if $2.65 is violated because that means it violated its Uptrend Line ( as of today and value increasing each day). A break above $2.82 signal Price reversal and it should re test its immediate Resistance at $2.90 if break will re test its previous high of $3.05. For the short term trader you may want to Stop Loss if $2.65 is violated with volume.

After the reading,

The Support of $2.65 holds well and the uptrend is intact, any rebound should find immediate Resistance at $2.78.A break above $2.78 confirm Price Reversal to try $2.85/$2.90. Immediate Support adjusts to $2.65 and Strong Support at $2.59. (Mid term trade may set Stop Loss if $2.59 is violated with volume)

Happy Trading

Posted by ProfitMan > 2014-06-11 16:20 | Report Abuse

Lz Lee Weiping - Cresbld:

It was riding on the bullish wave 3 and it is now in a 'breather' stage with neither bullish nor bearish pressures succeeding in dictating the direction of its price. It has been trading between 1.48 and 1.58/1.59 for the past few months. Its immediate support is at 1.46 while immediate resistance is at 1.58. A break below 1.46 will see it testing the next support at 1.41.

The 1.41 is a key support level. If it is broken with high volume, it would have completed a triple top reversal pattern which is bearish sending it into a correction phase. You are right, if it breaks above 1.58/1.59 with volume, it will scale new heights extending wave 3.

Posted by ProfitMan > 2014-06-11 16:39 | Report Abuse

Citytrader - nice to see you drop by. Thks. Hope you are making good profits. I know you are a very good trader.

Posted by Bravo > 2014-06-11 18:50 | Report Abuse

Dear TCB,

How is the L&G and L&G-LA Chart? =) thank you

Posted by stay_foolish > 2014-06-11 21:57 | Report Abuse

Pathew

Mmode

Yup, It is not only filled up the previous gap down and also formed a cup and handle pattern. Which indicate very bullish trend. Agree with trying to form a new base at 0.70. Immediate resistance is 0.73 and will test 0.765. TP 1 is 0.785. Immediate resistance is 0.68 and resistance 2 is 0.66

Posted by matrixcool > 2014-06-11 22:00 | Report Abuse

Stocks alert through Emails yesterday:

GADANG—Hit my target of $1.85 and it did better than i thought. I am very happy some of you bought in today and make some money. I cleared all mine at $1.85 to lock in my profits.


BREM— Upward Moemntum. Breakout from its immediate downtrend line at $2.10 today with volume signal Trend Reversal. It is expected to scale higher to its immediate Resistance at $2.17/$2.24.A break above will take it to its previous high of $2.36 and into uncharted territory. Any weakness will find immediate support at $2.08 and very strong support at $2.01.Stop Loss if $2.000 is violated.

PRTASCO—I cleared all my remaining 50% of PRTASCO today at $2.02 to lock in my profits .

Happy Trading...

Posted by lfctrade > 2014-06-11 22:01 | Report Abuse

Thank you Yoda/Profitman for Kub/Iris

Posted by yoda88 > 2014-06-11 22:01 | Report Abuse

novice8-Redtone
After the doji on the 4th June price start to retrace till testing its strong resistance at 0.71 level today and a hammer has formed.The support holds well accompany by strong volume today and it might trigger the share price to reverse soon. Noticeably, the stochastic %K and RSI signalling ealier positive signals.If you've not in postion watch first before entering.
If any movement in Redtone further upside towards 0.78 & 0.79 if the volume keep intact.
Key supports are situated near 0.71 & 0.68.
Stop loss below 0.65 level.