"Knowledge without discipline is dangerous,discipline without knowledge has little value"
1) We are here to help out any I3 members of their stock TA. If you need help on any stock chart just address us as “Dear TCB..”
2) We encourage traders to buy stocks with a trading plan. Before you buy please have a Stop Loss in case the stocks go against you.
3) We encourage traders to cultivate a winning habit, that is to lock in profits often when the opportunity arises. Be focused. We are here with one purpose only, that is to make money, never let a winning trade become a losing trade.
4) We encourage traders to set a Trailing Stop to protect their profits when riding on a winning trade.
5) We encourage other traders that have TA knowledge to participate and help out others on TA. In this way we all can learn together.
6) We will never recommend any stock in this thread as Buying and Selling is solely your own decision and your own risk.
7) We may post the stocks that we are interested in, together with a TA reading on it for the purpose of sharing. These TA readings are to cultivate habits of 'Discipline' and 'Plan' before trading .
tsy, Dunknow, ariff, jasonor, inwest, connie, duit, westgun, cherry,Allwin and All, Good Morning.
westgun, the market to me is still bearish. If 1600 is broken, we will see it trending towards 1560. However, as our government intends to support the market, we may see intermittent ups in the market. Which means, more volatility. That is why you see a big red one moment and a smaller red in the KLCI in a flash.
I am a firm believer in a Laissez-faire system where the market is dictated by demand and supply, the law of nature. The government intervention may only serve to delay or cushion the fall. Ultimately, there will be a gap in economic fundamentals, which is weakening and stock valuations and eventually, the market will move to close this gap. The economic reality is still a slowdown in world economy lead by China with the exception of the US whose growth may also be negated somewhat should the major economies slow significantly. That is why the Fed delayed the rate hike although I personally feel that this delay was a mistake by the Fed.
So, for today, don't be surprise if you see a recovery in KLCI in the later part of the day. If not, we should end in the red today. The overall trend will have a bearish undertone BUT beware of the "Invisible Hands" in trying to push it up. Cheers!
BPPlas: It is bullish with an immediate support at 1.16 and a resistance at 1.22. There are some distribution in the stock and signs of a slowing momentum. Could consolidate before trending higher. TPs beyond 1.22 are 1.26 and 1.33. Should 1.16 support be broken, it could trend towards 1.10, the next support level.
Tenaga: Tenaga has broken out of its downtrend line on 14/9. For the midterm, it could correct itself as it formed a bearish harami during the week of 23/9. There are also signs of this based on the daily chart. Although it is currently consolidating sideways with a 11.9/12.00 immediate support and a stubborn resistance at 12.28, there are signs of a losing momentum. A break below 11.9 will see it test its next support at 11.6 while a break above from 12.28 will see it re-test its high of 13.2.
Good morning. Thanks for your compliment. Wah, only 1.47 on breaking high of 1.43? Was thinking could at least test 1.50 !! Anyway, will monitor closely.
Comcorp: It is trading sideways in a rectangle pattern with an immediate strong support at 0.24/0.245 and an immediate resistance of 0.275/0.28. There is some build up in volume today and is attempting to break 0.28. It broke to 0.29 momentarily and it might break it today but the question remains if it can sustain above 0.28. Stop loss if 0.24 is violated.
tsy, yes, the upside is not a lot but still, you can make some money off it especially during a weak market like now. But do remember that TP is just a TP and is only a guide. Cheers.
AllWin, i can't tell you how far Comcorp can go but the next 2 strong resistance levels to watch out for are 0.335 and 0.36 before it re-test its previous high of 0.405. No problem at all. You can kacau me anytime as long as it is within my capacity to help ...hahaha....
Dunknow, you are welcome. Congratulations on your winning trade.
Haha,Profitbro.....so humble of you....sure a lot of leng Lui die on ur hand....so gentleman...long times didn't see yoda and other...how are they doing? Hope everyone is doing extremely well....
'AllWin, i can't tell you how far Comcorp can go but the next 2 strong resistance levels to watch out for are 0.335 and 0.36 before it re-test its previous high of 0.405. No problem at all. You can kacau me anytime as long as it is within my capacity to help ...hahaha...."
tsy, Dunknow, ariff, jasonor, inwest, connie, duit, westgun and All, Good Morning.
Hope everyone had a good weekend and an enjoyable Mid-Autumn Festival for those who celebrated it. Moon cakes are quite costly these days. It used to be very affordable but not anymore. And lanterns are also going out of fashion. Even without the haze, it is not common to see kids with lanterns in the urban areas. Maybe outskirt towns could be different. We hope our KLSE will be lit up with lanterns this week, Greeeeen lanterns of course!
Yes, its possible there could be some window dressing but i doubt it would be across the board. Happy trading to all!
Dunknow, WCT is consolidating with an immediate support at 1.31. No heavy selling detected at this moment. Yes, you can take a bit more risk with SL at 1.29. Not a problem with that. If it breaks 1.38, it will trend towards its next resistance at 1.45/1.46, strong resistance.
Hi Profitman....up coming 2 days will be closing the Q3... do you think that Bomoh team to support the Index to fall / maintain at 1600 level?
I am currently holding only TNBC23 and still plan to sell it at better price ( cut less lose ).. as i strongly believe that October will be a Storm coming and better "Put"..
Posted by ProfitMan > Sep 29, 2015 01:49 PM | Report Abuse X
tsy, Dunknow, ariff, jasonor, inwest, connie, duit, westgun and All, Good Afternoon. Hope everyone is enjoying their nourished lunch ...hehehe..... And great to hear from Duit again.
AllWin, good Comcorp trade. Its 0.30 support seems to be holding well so far today. But you can never go wrong if you lock in profits first. Congratz again.
------------------------------------------------------- Posted by AllWin > Sep 28, 2015 04:05 PM
Yes I did. I had clear my position. Cheersss.
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"Knowledge without discipline is dangerous,discipline without knowledge has little value" 1) We are here to help out any I3 members of their stock TA. If you need help on any stock chart just address us as “Dear TCB..” 2) We encourage traders to buy stocks with a trading plan. Before you buy please have a Stop Loss in case the stocks go against you. 3) We encourage traders to cultivate a winning habit, that is to lock in profits often when the opportunity arises. Be focused. We are here with one purpose only, that is to make money, never let a winning trade become a losing trade. 4) We encourage traders to set a Trailing Stop to protect their profits when riding on a winning trade. 5) We encourage other traders that have TA knowledge to participate and help out others on TA. In this way we all can learn together. 6) We will never recommend any stock in this thread as Buying and Selling is solely your own decision and your own risk. 7) We may post the stocks that we are interested in, together with a TA reading on it for the purpose of sharing. These TA readings are to cultivate habits of 'Discipline' and 'Plan' before trading .