Posted by jasonor > 2015-08-11 10:23 | Report Abuse

good morning profitman n all tcb sifus =)

profitman, yup. true to your words, now seems mkt weaken again.

Posted by ProfitMan > 2015-08-11 10:49 | Report Abuse

tsy, Dunknow, ariff, connie, duit, jasonor and All, Good Morning. Yes, good to see greens in the morning. As always, do trade cautiously.

Jasonor, I believe the stock market movement will be closely related to the MYR from hereon.

Posted by jasonor > 2015-08-11 11:10 | Report Abuse

yes, i believe so too. it has been reacting base on movement of MYR and crude oil price.

Posted by ProfitMan > 2015-08-11 15:46 | Report Abuse

ariff7996,

PENTA:
The sell down of the previous days has brought it down to its support at 0.72. It rebounded off this support and is currently testing its next support level at 0.745/0.75. The selling momentum appears to have eased off somewhat. In spite of the bearish mode, it did not violate its uptrend line.

Posted by ProfitMan > 2015-08-11 19:05 | Report Abuse

teyl333,

MITRA:
Mitra's strong support at 1.71 is holding well so far. It broke down from its double top support at 1.72 briefly and has since recovered from this low, failing to complete the double top reversal pattern which is a good sign. It is close to oversold territory. Immediate resistance is at 1.84.

Posted by teyl333 > 2015-08-12 00:15 | Report Abuse

Dear Profitman,

Thanks for Mitra :))

Posted by tsy88 > 2015-08-12 05:47 | Report Abuse

Good morning TCB/dunknow/ariff7996

Wow, market seems to be downward biased !! So ugly !!

Have a wonderful day ahead. Happy trading !!

Posted by Dunknow > 2015-08-12 07:30 | Report Abuse

Good Morning TCB,
Good Morning Tsy,Ariff...

Trade with cautious

Posted by ariff7996 > 2015-08-12 08:13 | Report Abuse

Good morning Dunknow, tsy, Profit n all forumer..

Profit, thanks for analysis on PENTA..

M super agree with Dunknow, market is extremely unpredictable.. must trade with cautious...

Posted by ProfitMan > 2015-08-12 12:27 | Report Abuse

tsy, Dunknow, ariff, connie, duit teyl333 & All, Good Afternoon.

The falling oil price and China's yuan devaluation will weigh in further on the market. During times like these, please note that strong support can be broken down easily while strong resistance can get stronger.

Posted by teyl333 > 2015-08-12 12:47 | Report Abuse

Good afternoon to you, Profitman,

Will there be any TR after ci bleeding non stop? What would your advice for the current market? Bottom fish or stay sideline?

Posted by ProfitMan > 2015-08-12 13:45 | Report Abuse

teyl333, sorry but what is TR? ...hehehe...

Posted by teyl333 > 2015-08-12 13:50 | Report Abuse

Opssss...sorry...my bad my bad. TR = technical rebound :)

Posted by ProfitMan > 2015-08-12 15:26 | Report Abuse

teyl333, ...hahaha... its ok. Yes, I believe there will be TRs along the way as the CI bleeds. But I doubt those TRs will be strong. I think there are really 2 strategies to the current market.

If you are highly risk averse or are very uncomfortable with the market and has lots of fear in the market, stay sideline. If you are a risk taker, you may trade but it requires skills in timing entry and exit and you really need to tighten your stop loss and trailing stops. Your tolerance level should be low and control of emotions is necessary. It is important to trade good FA stocks only.

It is not easy to bottom fish as support levels can be broken at will as the CI keeps trending down. It is also crucial not to average down. You will notice by now that new lows can be established in a second and from day to day.

Posted by connie > 2015-08-12 15:30 | Report Abuse

good afternoon profitman .. noted that u don't touch the warrants !!

Posted by ProfitMan > 2015-08-12 15:40 | Report Abuse

Connie, hi. So good to see you here. Maybe you can coach me on call and put warrants.

Posted by teyl333 > 2015-08-12 17:26 | Report Abuse

Thanks Profitman for your great insight :)))

Posted by tsy88 > 2015-08-13 06:10 | Report Abuse

Good morning TCB/dunknow/ariff7996

Good morning. All hell break loose. Index keeps tumbling with no respite in sight ??

Have a great day ahed. Happy trading !!

Profitman .. many thanks for your valuable advice and could not agree with you more !!

Posted by Dunknow > 2015-08-13 07:34 | Report Abuse

Good Morning TCB,tsy,ariff...

Posted by Dunknow > 2015-08-13 07:37 | Report Abuse

Hi Profitbro....thanks for your very kind advice...this time bleeding is much worst than dec 2014...agree on stay sideline...need to have strong surviving skills in this trading's bleeding

Posted by ariff7996 > 2015-08-13 07:46 | Report Abuse

Good morning tsy, Dunknow, Profit...

You r right Profitman... Strong support oso easy to break atm..

Hope today got a bit sunshine in bursa..

Posted by ProfitMan > 2015-08-13 10:31 | Report Abuse

tsy, Dunknow, teyl333, connie, ariff, Duit & All, Good Morning.

Nice rebound today. Hope all you good people out there benefited from the rebound.

Posted by tsy88 > 2015-08-14 06:35 | Report Abuse

Good morning TCB/dunknow/ariff7996

Wah, finally the rebound comes after many days of bleeding. Must be a relief for most traders !!

Have a fruitful day ahead. Happy trading !!

Posted by tsy88 > 2015-08-14 06:40 | Report Abuse

Profitman

Good morning. Yes, we do see a rebound with gainers thumping losers. But the question on everyone's mind now must be "will it sustain going forward" ?

Would like to seek your views again on this technical rebound.

Thanks in anticipation !!

Have a fruitful day ahead. Happy trading !!

Posted by Dunknow > 2015-08-14 07:24 | Report Abuse

good morning TCB,ariff & tsy

Yup,profitman....i guess everyone now is in fear & sustain on this TR or just 1~2 day show?we dun know,but just have to stay cautious until the storm's stop!

Posted by ariff7996 > 2015-08-14 08:44 | Report Abuse

Good morning Dunknow, tsy, Profit n all...

Happy trading !!

Posted by ProfitMan > 2015-08-14 10:51 | Report Abuse

tsy, Dunknow, ariff, connie, Duit and All, Good Morning.

Yes, finally greens overwhelmed reds yesterday. Yesterday was a day to either lock in profits or to clear out some stocks in our portfolio. But as cautioned earlier, Tsy, i doubt it can sustain for long. Already now as I write, it is down about 17 points.

Any TR will not be sustainable. We would be lucky it can sustain for a few days. The macro signals are still negative. Crude oil just fell to 42 and it is grossly close to dipping below 40. Our MYR continues to slide to about 4.08 at the moment. Foreign funds exodus doesn't seems to be ebbing. The yuan's 2 days devaluation did not help either. To top it all, our country is facing the biggest issue in confidence.

So, against this backdrop, its difficult to envisage a sustained TR let alone a market recovery.

The charts from yesterday would present very attractive reversal candles. You will have probably see lots of bullish engulfing candles and other reversal patterns which signals entry. Everyone is probably very excited over the chart patterns. So is TA still relevant? Yes, very much so but it has to be analyzed together with the macro backdrop. That is why we always say that TA is not the holy grail in stock trading.

Just my thoughts from a helicopter viewpoint.

Posted by tsy88 > 2015-08-16 08:06 | Report Abuse

Good morning TCB/dunknow/ariff7996

Have a pleasant Sunday with loved ones !!

Posted by tsy88 > 2015-08-16 08:13 | Report Abuse

Profitman

Good morning. Thanks for your helicopter viewpoint. Greatly appreciated !!

The slump in crude oil and our ringgit's depreciation is indeed so scary to say the least. Better to stay sideline till a clearer picture emerges.

Have a pleasant weekend with loved ones !!

Posted by tsy88 > 2015-08-17 05:56 | Report Abuse

Good morning TCB.dunknow/ariff7996

Have a great Monday. Happy trading !!

Posted by Dunknow > 2015-08-17 07:25 | Report Abuse

Good morning TCB,tsy,ariff and all

Have a Monday BLUE :D
Cheerrrrrrs ...

Posted by ariff7996 > 2015-08-17 08:44 | Report Abuse

Good morning TCB, tsy, Dunknow, Profit n all..

Tq Profitman for sharing your view.. Happy Mondey!!

Posted by jasonor > 2015-08-17 10:04 | Report Abuse

good morning Profitman and all TCB sifus :)

Posted by ProfitMan > 2015-08-17 13:16 | Report Abuse

tsy, Dunknow, ariff, jasonor, connie, duit & all, Good Afternoon.

Market looks ugly today. MYR dropped to 4.12 at one point and is now at 4.10.

Posted by duitKWSPkita > 2015-08-17 13:20 | Report Abuse

Dear respected Profitbro.

How are you? Can u give donation to me? So many days I don't eat ad... No money buy rice I keep it to buy gastric medicine jz jn case.... Hahaha

Posted by ProfitMan > 2015-08-17 20:33 | Report Abuse

Duit, I am fine bro. ...hahaha.. I should be asking you for donation. You are too humble. I know you are a good stock investor. ...hahaha...

Posted by tsy88 > 2015-08-18 05:09 | Report Abuse

Good morning TCB/dunknow/ariff7996

Another landslide today ?? Dow up also no effect now !! Putties the only way to go now !!

Have a great day ahead. Happy trading !!

Posted by Dunknow > 2015-08-18 07:36 | Report Abuse

Good morning Profitman....duit always make us blur blur one...i see here see there oso dun know why he no money buy rice...

yup,i am wondering at this point,what other reason or other positive news to push up klci...

Posted by Dunknow > 2015-08-18 07:38 | Report Abuse

Good morning Yang Berbahagia TCB,
Good morning Yang Dihormati TSY,ARIFF and all

Posted by ariff7996 > 2015-08-18 08:38 | Report Abuse

Good morning tsy, Dunknow, Profit n all..

RM getting worse now, pity to all malaysian..

Happy always frens..

Posted by yeekarwai88 > 2015-08-18 08:45 | Report Abuse

Another red day

Posted by jasonor > 2015-08-18 12:38 | Report Abuse

Good afternoon Profitman and all TCB sifus :)

looks like today index rebounded, but how to know is it real rebound or fake rebound? what is the indicator that should we use to determine the strength of the rebound?

Posted by tsy88 > 2015-08-19 05:36 | Report Abuse

Good morning TCB/dunknow/ariff7996

Rebound yesterday sustainable? Doubts lingering !!

Have a fruitful day. Happy trading !!

Posted by esegaban > 2015-08-19 05:44 | Report Abuse

Avoid market..market very unstable....

Posted by inwest88 > 2015-08-19 07:57 | Report Abuse

Profitman, a good and happy morning to you. It's been quite a while since I popped in. You are doing such a great job here.

Posted by ariff7996 > 2015-08-19 07:58 | Report Abuse

Good morning TCB

Good morning tsy, Dunknow, Profit n all..

Temporary rebound only.. cannot sustaine

Posted by jasonor > 2015-08-19 10:51 | Report Abuse

Good morning Profitman n all TCB sifus...

thanks and hv a great day today :)

Posted by ProfitMan > 2015-08-19 15:19 | Report Abuse

inwest, Good afternoon to you. Thanks for your kind words. Really great to see you pop in here. I am sure you are still picking the right stock and making the right moves.

Posted by inwest88 > 2015-08-19 15:28 | Report Abuse

Profitman, busy with work lately. Ya, managed to make small gains, mainly from matrix / TCB. Not much free time to do "stock picking"

Posted by ProfitMan > 2015-08-19 16:49 | Report Abuse

tsy, Dunknow, ariff, jasonor, connie, duit & all, Good Afternoon.

My assessment of the market is still bearish. I still believe any rebound is not sustainable in general. Most stocks are trending up only by a few sen during this rebound. Very limited upside with most investors refusing to take up positions in this very uncertain market. We are certainly not out of the woods yet.

Jasonor, it is best to assess the market in the light of the general broader context viz the local and world economy and the political scene in order to conclude if its a real rebound or not. Some rebounds are dead cat bounce but unfortunately we will only know it is such a bounce in hindsight.

There is no indicator to determine the strength of the rebound but by analyzing your indicators like RSI or MACDs for some, can give you a hint on its strength.