"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 .
Luxp - good morning. The Bursa is a big piece of cake and it would be wonderful to see everyone getting a bite of it. My picks are just for others to have a look and do an assessment before making a decision. There is no sure win in the market. Happy trading Luxp
Tsy88-Maybulk As share price managed to hold today after surging with healthy volume towards the second half of ystr trading, the daily and today's hourly chart together with bullish oscillators are very positive. Near term outlook remains bright for Maubulk to retest the significant resistance near 2.00. A decisive breakout above 1.95 today will spur share price higher towards the resistance of 2.00 and 2.16, with a mid term objective of 2.37 level. However, if share price is unable to hold above 1.90, it will see next support at 1.77 and 1.73. A stop loss below 1.73 if violated. Happy trading.
Currently trading sideways. The bearish engulfing pattern formed on 23/5 after hitting a high of 1.54, was a precursor to the profit taking activities and consolidation that followed. It has now formed a support base at 1.35. Immediate resistance is at 1.44. You may want to set a stop loss at 1.34. It is probably in for further consolidation. However, there is a price/acc.dist divergence, indicative of some accumulation in the stock. A break in 1.44 will see it testing its high of 1.54 again while a break below 1.35 will see it trend towards 1.31.
Hi tsy88, INSAS: It is bullish after brokeout above the downtrend line at $1.27 today with very strong volume. It also broke above the immediate resistance at $1.32 but could not sustain and closed below it at $1.31. If it manage to break above $1.32, it should move to retest the previous most high at $1.36. If it fails, it most likely to retrace into consolidation with immediate support at $1.28 and $1.19. Stop loss at $1.18 if violated with volume.
tsy88 - good morning. Congrats on your Insas and BHS gains. once sold move on as no one knows how far it can go (TA can possibly help). Important is to have profits realized.
Yesterday morning bought some Sunzen at 32 sen and in the late afternoon re-entered Ijabcobs at 39 sen. With both the Dow and major European markets down, the local market sentiment could be affected.
Inwest88 - Good morning. Thanks. You are right. Cant be selling at the peak. Bpplast also up and posted new high. Congrats. Our interest rates raised by 25 basis points. Dont know if it can affect market overall sentiment.
Inwest88 - Bonescythe's recommended stocks will skyrocket once he writes on whatever stocks he posts! Are you aware of that? He mentioned Ipmuda could hit possible limit up and indeed it did. Other counters are Ilb, Lonbis and Sapres. Normally he will post very late after 2am. Last night he wrote about Cab, the fiery chicken which is likely to limit up. This one was written much earlier at around 1am.
tsy88 - ya one cannot sell at the peak. It s only fair that when you to the buyer also let him / her have have the opportunity to see the price goes higher for some gains.
tsy88 I rarely go into other threads but there are people who are influenced by bones' postings and thus chased prices. Having said that, bones picks are well supported by good write ups. Most of the stocks he writes are after the prices and volume have come into the limelight. For me I would rather not chase if the prices have risen.
Ah Moi - very good question. I don't know about others, but from a TA perspective, I look at the chart from afresh after the rights issue. Rights issue dilutes EPS and DPS and investors will see the stock in a different light. So, it would be more meaningful when we look for support and resistance levels based on the ex-rights issue price. Those historical prices before the ex-date can be used as a point of reference.
If to start afresh, then I would think the SMA etc would similarly be screwed, as such, cannot be used just off the chart but have to be adjusted as well, right???
Dear TCB, can explain what happen now? I bought at $0.91 now below $0.90. Next Monday price will drop because of warrants? How to calculate the drop?
EFORCE - NOTICE OF BONUS ENTITLEMENT LISTING'S CIRCULAR NO. L/Q : 71002 OF 2014 Bonus Issue of 103,384,050 warrants in Excel Force MSC Berhad ("Excel Force" or "Company") ("Warrants") on the basis of one (1) warrant for every two (2) existing ordinary shares of RM0.10 each ("Excel Force Shares" or "Shares") held as at 5.00 p.m. on 17 July 2014. Kindly be advised of the following : 1) The above Company's securities will be traded and quoted [ "Ex - Offer" ] as from : [ 14 July 2014 ] 2) The last date of lodgement : [ 17 July 2014 ]
Also please update your Stock In Focus PW, I bought at $1.34. Thanks TCB.
sunflower22-AHB AHB is consolidating after the surge on the 1st July.I believe its downside risk is limited despite the weak mrkt condition its holding well. Resistance can be found at 0.26 and 0.27 level and further upsides are targeted at 0.28 and 0.29 levels. Key supports are situated near 0.235 and 0.23. Stop loss below 0.225. Happy trading.
Hi sunflower22, LUSTER: Bro Lz has posted before on this stock and I will comment from there as follows:
Posted by Lz Lee Weiping > Jun 24, 2014 08:18 AM KLSENEWBIE - LUSTER: Currently trading in a rectangle in between the resistance level of 0.115 and support level of 0.1. The next support level is 0.085 and the next resistance levels is 0.13 and 0.14. If it's to break from 0.115 with volume it will retest it's next resistance. stop-less at 0.085.
11/07 (12.20pm): It is still under consolidation. After it has broken the immediate support at $0.10 on 01/07, it moves in range between $0.095 and $0.105. It breaks above $0.105 with volume, the immediate resistance will be $0.11 and $0.12. It retraces further, it will find immediate support at $0.09 and $0.085. Yes, stop loss at $0.085 if violated with volume.
MULTIPLE PROPOSALS Century Logistics Holdings Berhad (“Century” or “Company”) (i) Proposed bonus issue of up to 61,032,148 new ordinary shares of RM1.00 each in Century (“Century Share(s)”) (“Bonus Share(s)”) to be credited as fully paid-up on the basis of one (1) Bonus Share for every two (2) existing Century Shares held on an entitlement date to be determined later (“Proposed Bonus Issue”); (ii) Proposed share split involving the subdivision of one (1) Century Share (existing and Bonus Shares) held on the entitlement date after the Proposed Bonus Issue into two (2) ordinary shares of RM0.50 each in Century ("Subdivided Shares") (“Proposed Share Split”); and (iii) Proposed amendments to the Memorandum and Articles of Association ("M&A") of Century to facilitate the Proposed Share Split (“Proposed Amendments”). (Collectively referred to as the “Proposals”).
Ah Moi - You are right. During the initial period that falls within the SMA calculation, the data will be invalid. I don't know if you have access to both charts, i.e. one with adjusted historical data and another without the adjustment. If you have, you can use the SMA and other indicators on the former to give you a guide during this interim period.
Posted by AhMoi > Jul 11, 2014 11:31 AM | Report Abuse Hi Profitman If to start afresh, then I would think the SMA etc would similarly be screwed, as such, cannot be used just off the chart but have to be adjusted as well, right???
ellesse - narra On daily chart, the resistance level is 2.80 and immediate support level of 2.58/2.57. Next support level is 2.17. If it breakout from it's resistance with volume it will move to it's TP of 3.00 and 3.26. There's sign of bearish divergence shown in RSI on 17/06 until 11/07. If it breaks below 2.58 it might consolidate. Trailing-stop/Stop-loss at 2.17. On weekly chart, rounding bottom formation on 20/09/2014 to 14/03/2014 the TP of 2.46 has already reached.
tsy8 - unisem Resistance level of 1.80, support level of 1.70 and 1.60. Failure to break from resistance level of 1.80 and breakout from support level 1.70, will lead to consolidation. Stop-loss at 1.60 On weekly chart, it breakout from ascending wedges with volume. If it stays 1.60 and above the uptrend is still intact.
happy trading.
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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 .