"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 .
In weekly chart- Stage 3 of the market cycle-distribution. In medium term, the price is expect to be volatile and trading in between 0.35 and 0.435. Need to break above $0.435 with volume may form a Cup and Handle Formation which has bullish implication.
In daily chart- Dark Cloud Candle formed on 22/05 indicate a Price Reversal. The price is expecting to trade between 0.38 and 0.41 in near term. Strong support at 0.345. Cut loss if 0.345 is violated. Resistance 1 is 0.41, Resistance 2 is 0.435 and Resistance 3 is 0.465. Do monitor the RSI as well. seems like the momentum is picking up but need to stay above 70% to be Bullish again.
Dear TCB - had requested for Ta analysis for Ksl on 18/7 at 2.05pm on page 37. Have yet to receive your reply. Wonder if it has been overlooked? Appreciate if you can check for me. Thanks.
Bones'latest recommendation is on Euro, a potential limit up candidate. Yesterday up 3 cents to close at 51. His short term target is 75. I like this counter as it is capable surging a lot in a single day.
Of all his recommended stocks,I would say the most disappointing one is none other than Ewein!!!! Only managed a 4 cent gain at highest and now back to square one at 60.
tsy88 - good morning. As I mentioned bones is doing a great job and thus attracts a lot of followers. But then the gap up is too huge in the early morning and there is no point chasing unless it rises further. Thus I do not follow unless you are in before his recommendation, having said that I agree that ewein is disappointing but I reckon it's still good in the medium term ans as I said earlier, it;s not so much for trading. I have cleared those under trading but still keeping some for a while.
tsy88 - euro gapped up at 58 sen. I reckon the chances of gaining is minimal if this is entry price. I may be wrong. It all depends all the forces behind it. Surely the behavior is not normal
Broken the support line of the symmetrical triangle. It was further sold down on high volume on 21/7. Usually this is an indication of a bearish undertone. However, it would be best to monitor its price movement and volume in the coming days to confirm its direction as it is now trading after the ex-date of its dividend. It is normal for some sell down during the post dividend period. I did not look into the fundamentals of WTK, but if it is fundamentally sound, it will trade towards its value over time.
Its support levels now rest at 1.32 and 1.28 while its resistance rest at 1.40 and 1.44.
Hi killabuggy, MPAY: Following from my last posting on this stock: Posted by sunlight > Jul 16, 2014 09:07 PM 16/07 (9.00pm) After hitting a low of $0.215, the price movement reversed on 11/07 and broke the downtrend line yesterday above $0.24 indicating bullishness. However, the volume was not very strong (only abt 2x 30days MA). But today price movement has broken its immediate resistance at $0.255 with a higher volume which supports in validating the bullish trend. The next resistance will be at $0.27 and $0.29. If it retraces, it will find immediate support at $0.255 and $0.22. Stop loss if $0.215 if violated with volume.
22/07 (9.00pm) Overall it is on uptrend. After a quick correction, it continue to scale higher and today managed to reach a high of $0.30 but failed to sustain due to heavy selling and closed at $0.285. The immediate resistance is at $0.30 (support turns resistance and due to round number effect) follow by $0.325. Supports remain the same.
Weekly Chart- Stage 2 of the cycle which is very bullish. 3 White Soldier Candle formed in which indicate bullish implications. Next Target is estimated at 1.10/1.17
Daily Chart- It breakout from a Flags on 16/7 which carries an immediate target of 1.10 and beyond. Last 3 trading days, it formed a 3 White Soldier Candle which indicate a very bullish trend. Any weakness due to profit taking or overbought situation should find immediate support at 1.02 and very strong support at $0.97.
Congrats on your winning stock and good entry price as well. Do rmb to set trailing stop loss to prevent things against you !
aikwais > Jul 22 Dear TBC Could you help to analyse LBALUM?
# LBALUM—After recent consolidation to a low of $0.705 (Its uptrend line is still intact) it stages a rebound today to the high of $0.775. It is expected to test its immediate resistance of $0.775/$0.78 and if break will re challenge its previous high of $0.815 and beyond. Any weakness due to profit taking should find immediate support at $0.745/$0.74 which offer opportunity to collect for future play. Stop Loss if $0.70 is violated. #
Sorry for the late reading on KSL bro, quiet busy this couple of days.KSL is nicely uptrending after a good consolidation period accompany with some news on a corporate exercise. With a doji and trading at the upper band,a decisive breakout of 2.80 will spur share price higher to next resistance of 2.94 and 3.15 level. However,since the share is overbought situation and if unable to hold above 2.84 level, it will see next support at 2.53 and 2.48. A stop loss below if 2.48 is violated. Happy trading.
PDZ may rise after closing with a positive white candle and as a strong volume gainer of the day.All indicators are at positive signal with Macd above the 0 line.Should the 0.17 resistance level be broken, the price target will be 0.18 and 0.185. However, a failure to stay above 0.17 it will likely see the stock trading sideways. Supports can be found at 0.165 and 0.16. Downside risk will increase if the stop-loss of 0.155 is triggered. Happy trading.
Stage 2 of the cycle which is bullish. It just breakout from Inverted Head and Shoulders. Need to stay above $0.15 to confirm stage 2. If stay above $0.15, may test resistance 1 at $0.165 and heading to TP 1-$0.185 and beyond. If $0.15 cannot hold, may continue consolidate in Rectangle between 0.12 and 0.15.
Hi novice8, MITRA: Trading sideways on consolidation mode. Currently, it is in range movement with a support line at $0.865 and a resistance line at $0.895. If it scales higher, it needs to break above $0.905 resistance with volume to move into potential bullish mode. From there, it will try to re-test the previous high at $0.935. If it fails to break above $0.895/$0.905, it will go back to its range movement. The immediate support is at $0.865 follow by a strong support at $0.825. Stop loss at $0.825 if violated with volume.
tsy88 -good morning. Came back late last night. - Have yet to clear Ijacobs and Ancom - Tafi ( looks termpting but have to monitor the volume in the morning), same for Watta - Good choice on lskee
No time to run through last night. Have to look at how the stocks perfrom this morning before going to office.
Weekly Chart- Stage 2 of the cycle which is very bullish. 3 White Soldier Candle formed in which indicate bullish implications. Next Target is estimated at 1.10/1.17
Daily Chart- It breakout from a Flags on 16/7 which carries an immediate target of 1.10 and beyond. Last 3 trading days, it formed a 3 White Soldier Candle which indicate a very bullish trend. Any weakness due to profit taking or overbought situation should find immediate support at 1.02 and very strong support at $0.97.
Congrats on your winning stock and good entry price as well. Do rmb to set trailing stop loss to prevent things against you !
Downtrend in a falling wedge pattern. Resistance is at 0.225 while the support is at 0.21. This pattern may have a bullish bias but it must break its resistance with high volume. In the meantime, you can expect it to trade within a rectangle within the 2 aforementioned resistance and support levels. If you intend to bottom fish, you may want to set a stop loss price at 0.20.
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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 .