"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 .
mimi898, Esceram has broken a key resistance at 0.565. If it can sustain at or above this level, it will remain bullish and move towards the next resistance at 0.605. Its consolidation is over and looks ready to start a new bullish phase.
TRADING SEEDS FOR CONTEMPLATION by Esda ----------------------------------------------------------- EMBRACE Limitations....
“Only when you embrace your limitations can you master your capabilities.” -Unknown Limitations are painful. For most traders, our fear is about taking losses. Why? Because we are afraid, refuse and never want to take losses. Sounds familiar? Very often, we hold on too tightly to what we wish for instead of accepting what is.
Remember, we are not all born to be a perfect person nor perfect trader. We often like to think it is about finding the easy way. The secret tips, the insider access, the tools that make it easy. Yet, it is about establishing your own process of working within — and embracing — the limits you have. Because all of us learn from mistake.
Hence, we should let our limitation guide us to creative solutions. Do not try to avoid them, but use them to your advantage.
Our KLCI looks directionless to me. If it breaks down from 1650, we could see more weakness towards 1631.
In contrast to last week, when there were panic selling, we could jump in and take profits the next day when there was a rebound, the current market direction is uncertain. Under such market situations, anyone thinking of bottom fishing may want to monitor first and wait for reversals. The correction may not be over.
If you are uncertain of the market, it may be best to hold on to hard core cash first.
Mimi898, please dont call me sifu coz I am not one ......hahaha.... Anyway, Genting Wa has bottomed out at 1.48 and has formed a good support base at 1.55/1.56. Immediate resistance is at 1.68. It is trading sideways at the moment. If we look at Genting, the selling momentum looks over for the time being. Hence, Genting Wa does offer an opportunity to move in.
mimi898, Comcorp is consolidating sideways. Strong resistance ahead at 0.76 while good support at 0.67. It is currently range bound between 0.695 and 0.73. The stock looks a bit listless at the moment and likely more side way movement.
Dear master ProfitMan, after announcing a magnificent 1st quarter results, Vivocom keeps on dropping. May I know at what price it is considered bottom such that it will move sideways before the next catalyst. Thank you in advance.
mimi898, Comcorp turned in an improved performance with better profit margins for the year ended 2015. At a glance,it has improved in earnings from profits and also overturned a negative cash flow from operations to positive. So it augurs well moving forward. Its stock is sideways and ranging.
EG is also trading sideways between support at 0.81/0.815 and resistance at 0.925.
I am not in a position to advise on the long term prospects as you will need to look deeper into its FA.
8wpwtmt8, Vivo is consolidating sideways at the moment. It seems to have found a temporary bottom at 0.28. It looks weak for the midterm and short term. It is oversold at the moment so a technical rebound may come around. Should 0.28 be broken, it should have support at 0.26.
From the chart we cannot tell where is the bottom but you can use the support levels that I mentioned as guides.
8wpwtmt8, unfortunately TA is not a forecasting tool. However, we can tell that the selling momentum is minimal with some bottom fishing taking place and a good support base forming at 0.78/0.785. Current indications at the moment are that the sideways consolidation may continue. There are no bullish reversal signals at the moment.
--------------------------------------------------------------------------------- 8wpwtmt8 Dear ProfitMan, could you forecast the timing for AWC to breakout from its consolidation phase now (for 30 days already). Thank you in advance. 09/07/2016 21:30
cityplus, Chinwel is bearish. If the support of 1.38 is broken down, the next TPs are 1.36 and 1.30. Immediate resistance is at 1.42 with a strong resistance at 1.45. However, it may be due for a technical rebound.
Nana88, Melewar is in a correction phase. Immediate resistance = 0.355. Immediate support = 0.32. Will likely continue to trade sideways for the time being.
VS has bottomed out at 1.15. It needs to take out the resistance at 1.20 successfully which it has temporarily done yesterday. It must overcome 1.25/1.26 to confirm its bullishness.
Nana88, You are most welcome. Very happy you are on a winner in VS. Congratulations. No, I did not buy into it but its good that you have.
VS took out many resistance levels and is currently testing to break the resistance of 1.34. The resistance levels beyond this are 1.38, psychological 1.40 and 1.45/1.46. Good luck. Do remember to set your trailing stop now that you are sitting on profits. Protect your profits always.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by TechcodeBreaker > 2014-05-18 01:09 | Report Abuse
"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 .