Posted by Superman88 > 2014-06-11 22:04 | Report Abuse

Tcb situ , pls advice on pmhldg

Posted by yoda88 > 2014-06-11 22:08 | Report Abuse

pathew-ELKDESA

Hi Pathew you're doing well in your TA, participate more often here and we learn together. This stock is very lack of volume. It's uptrending at this junture with all indicators at positive region.

Resistance - 1.50/1.52
Key supports are at 1.49 and 1.47.
A stop loss at 1.45.

Posted by novice8 > 2014-06-11 22:09 | Report Abuse

Yoda! Tqvm on the analysis on Redtone!! Do you mind to advise Huayang pls? Tq!!!

Posted by yoda88 > 2014-06-11 22:45 | Report Abuse

novice8-Redtone
Just to add what I miss out ealier,Redtone is trading in a rectangle trading range and if 0.71 support is violated it becomes a tripple top which is a bearish signal. Keep an eye for any signal before taking position.
Happy Trading.

Posted by matrixcool > 2014-06-11 23:12 | Report Abuse

12/06/2014

Old Stocks Update:

ENGTEX--Upward Momentum. Ex Dividents today and put in a good performance by breaking above $1.88 signal price reversal for short term to $1.90/$1.93 (Gap Resistance). The next strong Resistance is at $1.98 if the gap is filled.

MUDA—Downward Momentum slow down. It t​needs to close above $1.84 for price reversal. Immediate resistance at $1.84/$1.90. Stop Loss if $1.78 is violated.

WCT— Upward Momentum , may test immediate resistance at $2.26/$2.30.

For those that are holding WCT, i may cleared mine to release my capital as i find this counter to be volatile and hard to trade. I am happy with the profits from the dividends.

Happy Trading..

Posted by Joyous > 2014-06-11 23:15 | Report Abuse

Hi Yoda, how r u doing? Know u have been monitoring ktb.can advice? Thanks

Posted by matrixcool > 2014-06-11 23:42 | Report Abuse

Bravo,

L&G—It filled the Gap that was formed on 16/04 at $0.54 and this Gap Support also acts as a neckline for a Descending Triangle. A Descending Triangle normally has Bearish Implication but like any Triangle the direction of the breakout determine the next course of price movement. If you are trading this counter, the trading range is from $0.54 to $0.57.A break above $0.57 with volume signal breakout and it should be moving back to $0.585/$0.60 and stay in stage 3 of the cycle. A break below $1.54 with volume means breakdown from the Triangle and also starting stage 4 of the cycle which is to be avoided.

Note: For those charts that we could not read tonight we will do them tomorrow.

Good Night..

Posted by stay_foolish > 2014-06-11 23:46 | Report Abuse

novice8,

Huayang

Stage 3- distribution. The gap up on 22/05 open high but closed low due to too many overhangs to clear but may find immediate support of 1.87. The volume lately is healthy. If breakout with volume at 1.99 may test resistance 1- 2.03.

Posted by stay_foolish > 2014-06-12 00:01 | Report Abuse

11/06/2014

Every week TCB will pick a few stocks we may like to trade short term and put in *Stock In Focus*, please do not take this as a buy signal as our TA reading for those stocks are for sharing purpose only.

STOCK IN FOCUS(Short Term Trade)

Sernkou- Breakout from the Rounding Bottom on 11/6 with increased volume at 0.33 which entered a uncharted territory. Gap up today could be breakaway gap which indicate very bullish in nature.
Target Price is 0.4/0.44. Any weakness due to the overbought should find immediate support at 0.33. and very strong support at 0.315. Stop loss if 0.295 is violated with volume.

Happy trading and Good night.

Posted by novice8 > 2014-06-12 07:15 | Report Abuse

tqvm sf!! :)

Posted by Chenlai > 2014-06-12 08:41 | Report Abuse

Profitman..thank you for ghlsys.

Matrixcool....thank you too for Bertam. It closed at immediate resistance at 0.96 yesterday. Thanks for your email address. I will send you an email shortly.

Posted by sunlight > 2014-06-12 11:22 | Report Abuse

Hi TCB,
FYI Tadmax - TP 0.82
(i) acquiring strategic assets, including local plantation companies or landbanks,
(ii) landbanking for property development,
(iii) expanding its construction business by bidding for RM400m – RM1.0b contracts every year./-Kenanga

Looks to me yesterday it crossed above 50MA with volume and momentum picking up. Today currently, it is holding @ RM0.505.

Happy Trading.

Posted by yoda88 > 2014-06-12 11:40 | Report Abuse

Joyous-KTB
KTB has been range bound trading for awhile.It need to break the 0.30 level accompany with volume to resume uptrend momentum to create a new high.Chart wise was at positive region based on ystr's closing but due to weak mrkt sentiment it lack of support now.If mrkt conditon do not improve I persume it would trade sideways to immediate strong support of 0.25.Keep an eye for volume and if 0.27 stays the next target is 0.29 and further it will scale towards 0.30.
Happy trading

Posted by matrixcool > 2014-06-12 12:37 | Report Abuse

sunlight,

Thanks for sharing Tadamax.

Tadamax--Sideways movement from $0.45 to $0.53. A break above $0.53 with volume signal breakout(Buy signal) to immediate target of $0.60.
Stop loss if $0.42 is violated.

Happy trading..

Posted by yoda88 > 2014-06-12 14:53 | Report Abuse

superman88-pmhldg
Last nite reading of the chart shows positive region but due to world bank report and upcoming world cup fever weaken the mrkt sentiment.
Pmhldg is trading on a 3rd wave,a bullish wave n uptrend mode.If the uptrend with volume continues the next target would be 0.20 and 0.21.

Supports are at 0.155 and 0.145.
Stop loss at 0.135.
Happy Trading.

Posted by ambrsc > 2014-06-12 17:18 | Report Abuse

this is my maiden journey - posting in i3ivestor & esp on the tcb thread. i m very encouraged by the help you , sifus are rendering to us newbies.
personally, i find it most rewarding trying to understand the explanations given re the ta of a particular chosen stock. tis way we do not just blindly but slowly learn to evaluate & get the hang of reading the candlestick charts. nothing beats the experience of following behind a sifu's footsteps - matrixcool/profitman

Posted by ambrsc > 2014-06-12 17:25 | Report Abuse

this is my maiden journey - posting in i3ivestor & esp on the tcb thread. i m very encouraged by the help you , sifus are rendering to us newbies.
personally, i find it most rewarding trying to understand the explanations given re the ta of a particular chosen stock. tis way we do not just blindly but slowly learn to evaluate & get the hang of reading the candlestick charts. nothing beats the experience of following behind a sifu's footsteps - matrixcool/profitman & gang
tis is just to say tuvm.
i am learning!
cs

Posted by pathew > 2014-06-12 17:42 | Report Abuse

I like inari's chart, looks like form base at 2.75, break 2.88 resistance then sky is the limit!

Posted by matrixcool > 2014-06-12 18:10 | Report Abuse

ambrsc—Thanks for the kind words. The purpose of TCB is doing our best to try to help forumists with their stock TA. We also welcome those that want to share their own reading to foster the learning relationship together.

If you need any TA reading about your stocks do post them here, we will be happy to look at them.

Happy Trading..

Posted by ProfitMan > 2014-06-12 22:27 | Report Abuse

Hi newbie, great to see you drop by here. Will revert on yr counters in due time.

Posted by stay_foolish > 2014-06-12 23:02 | Report Abuse

Pathew

Inari

Stage 2- Accumulation. It is still on the uptrend. It has been consolidating for two weeks. Yup agree with you, it has formed a base on 2.75. Need to break through 2.91 to enter the uncharted territory. everything looks rosy :)

Posted by stay_foolish > 2014-06-12 23:38 | Report Abuse

newbie

BJCORP

Read 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.)

Read by Matrixcool on 11/06

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.

After reading on 12/06

The white bull candle with volume break through 0.495 and test 0.505. 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.) There are too many overhang to clear. Need to absorb new buyers to stay above 0.54.

Posted by ProfitMan > 2014-06-12 23:58 | Report Abuse

Klsenewbie - MAA:

After hitting a high of 0.715 on 26/9/2013, it consolidated sideways between 0.675 and 0.595. The gap up on 10/6 signaled a bullish turn which was followed up today (12/6) with a bullish increase in price accompanied with volume that took out the gap resistance of 0.65/0.66. It is worth noting that a previous attempt to overcome this resistance on 10/4 was unsuccessful and was on lower volume.

Immediate support is now at 0.62 and if broken, should find strong support at 0.595/0.60. It needs to sustain its price above 0.675 in order to test its major resistance at 0.715. If it successfully negotiates these resistance levels, we will be looking at 0.78 as its next target price.

As a PN17 company, it would require some positive growth developments as a catalyst for it to scale higher.

Posted by tsy88 > 2014-06-13 02:19 | Report Abuse

Profitman - re yr reading on Ghl. What do u mean by rising wedge? How can u determine a rising wedge has been formed?

Posted by tsy88 > 2014-06-13 02:26 | Report Abuse

Matrixcool- Brem still didnt break 2.11 at closing though it did 2.13 high intra day. At this juncture, is it in consolidation mode?

Posted by tsy88 > 2014-06-13 02:37 | Report Abuse

Matrixcool- I failed 2 get Prlexus at 1.68/1.69 when I saw it coming but didnt want 2 chase abv 1.70. Was holding well whole day abv 1.70. Dont know if able 2 buy below 1.70 2day!

Posted by matrixcool > 2014-06-13 07:24 | Report Abuse

tsy88 ,

BREM— Tested immediate support of $2.08 and holds.Any further weakness and $2.08 will be the immediate support. It is expected to scale higher to its immediate Resistance at $2.17/$2.24. Will clear if $2.03 is violated (Uptrend Line).
It breaks out from its downtrend Line and that line reading is $2.10 now and decreasing.

PRLEXUS--Very Bullish after breakout from $1.68, expect it to hit my TP1 of $1.80 soon. Any weakness should find immediate support at $1.70/$1.68. You are right never chase a stock and lose focus on your Risk/Rewards Ratio..I have also raised my Stop Loss level to $1.60 if violated with volume.

Sorry guys dint have time to email the update last night.

Happy Trading.

Posted by tsy88 > 2014-06-13 08:25 | Report Abuse

Tqvm 4 yr advice. Wl c if I can get at 1.68-1.70. As 4 Brem, if support holds at 2.08 mean,can buy at that price?

Posted by matrixcool > 2014-06-13 08:41 | Report Abuse

tsy88 ,
You need to make that important decision to Buy and Sell, no one can tell you that and don"t ever let others tell you when to Buy/Sell ok?

But you can use the Stop Loss to work out the Risk/Rewards Ratio.
If you are buying at $2.08 your risk is 5 cents if $2.03 is violated with volume.
Immediate resistance is at $2.17 giving you 9 cents gains.
Your Risk/Reward is about 1:2, is that good enough for you?

Happy Trading..

Posted by sunshine96 > 2014-06-13 09:08 | Report Abuse

Good Morning Matrixcool,

Would like to seek help from you to analyze Gunung, pansar
and smartag. Thank you.

Posted by cherry tomato > 2014-06-13 09:41 | Report Abuse

Dear TCB please help on UEM Sunrise.

Posted by ck > 2014-06-13 09:49 | Report Abuse

Hi TCB, can have a look on EG. TQVM

Posted by Lz Lee Weiping > 2014-06-13 11:35 | Report Abuse

PANSAR
trading in between 0.5 and 0.48/0.47..strong resistance at 0.5.
Generally this stock looks bearish to me
It's forming a big symmetrical triangle.
On 02/06/2014 this may seems as a tail, but the volume is not high enough..so most likely it's not a trend reversal and might still trade in between 0.5 and 0.48/0.47

Posted by sunshine96 > 2014-06-13 11:40 | Report Abuse

Lz Lee Weiping, thank you.

Posted by Alexofb2b > 2014-06-13 11:46 | Report Abuse

matrixcool , Bro, What is your views on INSAS?? , Thanks

Posted by matrixcool > 2014-06-13 11:51 | Report Abuse

sunshine96

GUNUNG—It is forming Symmetrical Triangle on the weekly chart, which has Bullish implication because it normally followed by continuation trend that preceded it. However, the direction of the breakout from a Triangle is more important than type.Trading range for mid term expects to be $0.82 to $0.92, A break above the $0.915 signal breakout to scale higher and a break below $0.82 spells trouble for GUNUNG.
For short term—Trading under its Downtrend Line, which is bearish. It is expected to trade between $0.86 to $0.92. A break below the next meaningful support is at $0.835. A break above $0.92 it is expected to meet strong Resistance at $0.945 and Gunung will become bullish if it can break and stay above $0.945( Its immediate Downtrend Line).

Happy Trading

Posted by sunshine96 > 2014-06-13 12:02 | Report Abuse

Matrixcool, Thank you.

Posted by yoda88 > 2014-06-13 13:52 | Report Abuse

sunshine96-Pansar
Tks Lz Lee Weiping for the fast response and I agree with you that its bearish for now, did a fast reading on the daily live chart and literally Pansar is not in play, no transcation done till now.Its trading in the middle bb band and it need volumes to move upwards.
Resistance 0.49 and 0.50 and if strong resistance of 0.50 is broken, the next level will be 0.52.
Immediate supports 0.47 and 0.46.
A stop loss below 0.46 level.
Happy Trading

Posted by sunshine96 > 2014-06-13 13:56 | Report Abuse

Yoda88...Thank you.

Posted by johnny cash > 2014-06-13 14:20 | Report Abuse

dear TCB
can you name down some few stocks that you think are on uptrend momentum,,and are very very bullish at the moment?? thanks

Posted by matrixcool > 2014-06-13 15:18 | Report Abuse

PRLEXUS—It hit my TP1 of $1.80/$1.82. For those that were collecting with me when I first alert last week through emails, please take on some profits or set a Trailing Stop to protect your profits.

Happy Trading..

Posted by Joyous > 2014-06-13 16:03 | Report Abuse

Hello, Can help on Pasdec? Thank you

Posted by matrixcool > 2014-06-13 16:40 | Report Abuse

Hi everyone,
For those that have requested for TA of their stocks, TCB will read them over the weekend.

Remember to check our posting on Sunday night..

Have a great weekend.

Posted by novice8 > 2014-06-13 17:09 | Report Abuse

Dear TCB- mind to advise azrb pls? Tq!!
Have a good weekend everyone!!!

Posted by ProfitMan > 2014-06-13 19:46 | Report Abuse

tsy88 - GHLSys:

In a nutshell, a rising wedge occurs when a stock makes higher highs and higher lows but as the pattern progresses, the trading range gets narrower and the upper resistance line and lower support line will converge at some future point in time. And as the pattern matures, volume will decline accordingly. The pattern will become bearish when its support line is broken.

Posted by sunlight > 2014-06-13 19:54 | Report Abuse

Hi Matrix/SF - can you explain what's "too many overhang to clear" as listed below? Tq.

Posted by stay_foolish > Jun 12, 2014 11:38 PM | Report Abuse

newbie

BJCORP

Read 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.)

Read by Matrixcool on 11/06

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.

After reading on 12/06

The white bull candle with volume break through 0.495 and test 0.505. 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.) There are too many overhang to clear. Need to absorb new buyers to stay above 0.54.

Posted by yoda88 > 2014-06-13 22:55 | Report Abuse

novice8-AZRB
Resumption of uptrend is expected as it breaks the ascending triangle and usually will followed by a continuation of an uptrend.AZRB has been consolidating since 16th May and I persume there are many stale bulls but today seen some buying interest as substantiated by the hourly chart and daily oscillators are hooking up at the positive region suggesting imminent resumption of uptrend.The uptrend will only continued accompany by volume.

Further upside targets are 0.745 and RM0.795. If it manage to scale above 0.795 the next target will be 0.835.
Immediate support is 0.69 and 0.68. Cut loss below 0.66.

Posted by jass > 2014-06-13 22:57 | Report Abuse

Dear TCB

can help to read Psintek. tq:))

Posted by novice8 > 2014-06-13 22:59 | Report Abuse

Yoda!! Tqvm for your analysis!! Have a good weekend ahead!!!

Posted by ProfitMan > 2014-06-13 23:11 | Report Abuse

Joyous - Pasdec:

This was the earlier reading on 9/6/2014:

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.

Update reading as at 13/6:
It has taken out the gap resistance successfully and has broken out with volume on 10/6 with a gap up and is now scaling new heights. Immediate support is now at 0.755/0.76 and strong support can be found at 0.65. Upon breakout, it has hit its TP1 of 0.78. TP2 is at 0.96. Immediate resistance is at 0.90.

With the formation of a shooting star candle today, a bearish reversal pattern,it is expected to come under selling pressures and some consolidation and retracement is to be expected.