Posted by sunlight > 2014-08-07 23:41 | Report Abuse

Hi cherry tomato,
Firstly, sorry for the delay on reading this stock’s chart.
HEXZA:
This stock is under consolidation. After reaching the high of $0.86 on 08/07, it had some pull back to a low of $0.80 on 14/07 and started to consolidate in rectangle trading between $0.805 and $0.85. It needs to break above $0.85 with volume in order to scale higher to re-test previous high of $0.86 before trying to scale to an estimated target of $0.90 (uncharted territory). The support at $0.805 is a strong support level. Stop Loss if $0.80 is violated.

Happy Trading.

Posted by profitman > 2014-08-08 00:03 | Report Abuse

indigo - SKPres:

In order for it to convincingly scale higher, its needs to be supported with volume. Currently it is attempting to scale higher, bouncing off the 23.6% retracement line but is experiencing resistance at 0.615 resistance and the trading volume is not sufficiently high although the buying interest is there.

Posted by profitman > 2014-08-08 00:18 | Report Abuse

yongyou - BPlant:

Bullish after breaking its resistance at 1.61 on 6/8. Immediate support = 1.64. It would be scaling new highs if it does not succumb to heavy profit taking over the next 2 trading sessions.

Posted by cherry tomato > 2014-08-08 00:34 | Report Abuse

Sunlight TQ very much for the info.

Posted by Dlyc > 2014-08-08 01:55 | Report Abuse

Dear TCB, please advice on Taliwrk. Appreciate.

Posted by gary1122 > 2014-08-08 02:02 | Report Abuse

Dear TCB
Please advice on tsrcap. Thank

Posted by tsy88 > 2014-08-08 02:41 | Report Abuse

Inwest88 - good morning

Almost on a daily basis now we have Bones' recommendations on stocks! Latest write-up is Handal. Short term TP is 70 while longer term 1.00. As usual, no opportunity to buy.

Posted by inwest88 > 2014-08-08 08:01 | Report Abuse

tsy88 - good morning.

Posted by tsy88 > 2014-08-08 08:20 | Report Abuse

Inwest88 -have a profitable trading. Dow really in correction mode now, dropping almost every day!

Posted by inwest88 > 2014-08-08 08:34 | Report Abuse

Tsy88 Have to be very selective. Happy trading too

Posted by Dlyc > 2014-08-08 08:53 | Report Abuse

Good morning. Happy and profitable trading today to everyone here!

Posted by CautiousTrader > 2014-08-08 09:42 | Report Abuse

Dear TCB, please advice on TIGER (7079). Thanks.

Posted by rocas > 2014-08-08 09:45 | Report Abuse

Thank you very much LZ Lee WeiPing. God Bless

Posted by profitman > 2014-08-08 10:51 | Report Abuse

Dlyc - good morning and hope you have a profitable day too. We will do the Ta readings over the weekend. Thanks.

Posted by rocas > 2014-08-08 11:07 | Report Abuse

Dear TCB,

Pls advise on Frontken. TQ

Posted by rocas > 2014-08-08 11:13 | Report Abuse

Profitman, thank you for welcoming me into this forum. Informations given have been tremendous help and Im still learning on charting and self-control :)

Posted by ignasio > 2014-08-08 11:58 | Report Abuse

pls advice on Prestar, after breakout for 2 days, seems like it is going downtrend :/

Posted by Bs1688 > 2014-08-08 21:38 | Report Abuse

Profitman, sorry my question not very clear, but you are smart and got it right, tq .

Posted by Lz Lee Weiping > 2014-08-08 23:13 | Report Abuse

gary1122 - tsrcap
Bearish, breakout from symmetrical triangle and today it gap down. Support level of 1.05 and 1.03. Gap resistance level of 1.08 and the next resistance level is 1.10. It's now retesting it immediate support level of 1.05, if this support level is broken, it will re-test the next support level of 1.03 and 0.99. Stop-loss at 0.99.


CautiousTrader - TIGER
Stage 1 of cycle. It's now consolidating in between 0.135 and 0.145. Support level of 0.130 and 1.35. Resistance level of 0.145 and 0.150. Judging from its volume today it might re-test it's resistance level of 0.145, 0.150. If it managed to break 0.160 and maintained above it, it will be bullish. Stop-loss at 0.125.


Happy trading~

Posted by ck > 2014-08-08 23:49 | Report Abuse

Hi TCB,

Kindly please comment on BINTAI & IREKA. Thank you.

Posted by Dunknow > 2014-08-09 00:17 | Report Abuse

Thank you so much for wonderful analysis. ...just wondering since u ask me to see the next trading day, which is today 08/08...but almost 90% in red due to the war...so shld I just take in today as my consideration? Arigatogozaimasu...

Posted by RI77 > 2014-08-09 07:52 | Report Abuse

Dear TCB,
On 5th.August 2014 i did ask about Crescendo but i think TCB must be busy and my question was not answer yet.
If TCB is free please be kind enough to answer my question.
Thanks and God Bless.

Posted by inwest88 > 2014-08-09 08:26 | Report Abuse

Good morning TCB

Posted by profitman > 2014-08-09 08:54 | Report Abuse

Inwest88 - Good morning.

Posted by profitman > 2014-08-09 10:33 | Report Abuse

R177, i guess we probably missed that. So sorry. Anyway, SF will revert to you on it Thanks for your understanding.

Posted by profitman > 2014-08-09 10:36 | Report Abuse

Bs1688 - ....hahaha.... glad we got it right. Have a good weekend.

Posted by tsy88 > 2014-08-09 10:43 | Report Abuse

Inwest88/TCB - good morning.

Wow, witnessed biggest drop in index yesterday! Sea of red with some stocks bucking the overall bearish market. This must be the correction that we had long expected. With Dow up 185, hopefully our market will stage a rebound.

Cut loss on Dolomite at 41.5 bought at 42 but am still holding position at 48. Have to be very careful now and like you mentioned, selective in our trading especially for short term.

Posted by tsy88 > 2014-08-09 11:04 | Report Abuse

Dear TCB -

Can you review our market at this stage. Has it turned bearish and prices are expected to retreat further? Is it a good time now for bargain hunting or should we stay on the sidelines presently?

Kindly advise. Thanks in anticipation.

Posted by tsy88 > 2014-08-09 11:19 | Report Abuse

Inwest88 - sorry. Typing error. Am still holding position at 47.

Posted by CautiousTrader > 2014-08-09 11:24 | Report Abuse

Good morning Lz Lee Weiping.

Thanks for checking TIGER. Have a nice weekend :)

Posted by inwest88 > 2014-08-09 17:04 | Report Abuse

tsy88 - despite the sharp drop in the index, i feel the underlying sentiment in the local market is still okay with many counters breaking their year's high in a week of lacklustre trading.

Posted by trustme932 > 2014-08-09 20:11 | Report Abuse

Invest88...good evening...u r rite...klci is still in bullish mode.

Posted by trustme932 > 2014-08-09 20:43 | Report Abuse

Invest88...u have a good one too.

Posted by inwest88 > 2014-08-09 20:44 | Report Abuse

tm932 - good evening to you too. Just back from dinner. Hopefully the market can stage a gradual rebound next week. Have a pleasant week-end. What do you think of Ecofirst ?

Posted by matrixcool > 2014-08-10 09:03 | Report Abuse

Tsy88,
#Dear TCB -
Can you review our market at this stage. Has it turned bearish and prices are expected to retreat further? Is it a good time now for bargain hunting or should we stay on the sidelines presently?
Kindly advise. Thanks in anticipation.#

The KLSE has bear in forming but that does not mean you cannot trade. Those index linked companies may take more beating than small cap companies. If you are investing into those stocks maybe one should stay sideline until the index reverse its trend. As this juncture the landscape of KLSE has turned weak, any technical rebound should meet resistances around 1870/1880 levels. Everyone is expecting market to rebound on Monday due to Dow positive performance on Friday. But if KLSE break below last Friday low of 1837 you can expect more bearish downtrend movement.
TCB believes you can trade in Bull/Bear market, the choices of stocks of course are much harder. If you decide to trade make sure you do have an exit plan before entering.

Happy Trading.

Posted by tsy88 > 2014-08-10 11:55 | Report Abuse

Matrixcool - good morning.

Thanks for your input on our market trend. You are right. Even in bear market, there are stocks bucking the trend and you can be a winner and at the same time losing money in a bull market! It all boils down to your selection of stocks.

Got your point. Will definitely have an exit plan when entering a trade to avoid massive losses. Also got to be extra careful now in view of the chaotic external turmoil we are facing.

Wishing TCB personnel and all a profitable trading week ahead be it bull or bear!

Posted by inwest88 > 2014-08-10 12:05 | Report Abuse

tsy88 - good morning. Yes have to be very selective. In fact I cut loss on Dolomite at 45 sen as I saw that the selling pressure was getting stronger at that time. But since you mentioned you had news on the counter I did not want to impose any influence. I am always skeptical of such type of news and even if some one tells me, I will do my own analysis. Having said that there are times when such news could be true. Ultimately you make your own judgement.

Posted by tsy88 > 2014-08-10 12:12 | Report Abuse

Dear TCB - appreciate if you can give Ta analysis on :

Guoco - seems to be quite volatile currently. Is current pullback a
good entry point?

PDZ - looks very bullish. Is it overbought at this juncture or is
it set to scale higher from here?

Posted by tsy88 > 2014-08-10 12:21 | Report Abuse

Inwest88 - good morning.

Dolomite looks very ugly but was reluctant to cut loss as my friend is also holding. But current level looks very attractive as it was hovering at 36 before it scaled up to 55 on Bones' recomnendation. If current level holds, may go in to average. Anyway, will see its' movement next week to decide. You were wise to cut at 45.

Like Guoco. Wanted to enter on Friday but in view of weekend, held back.

Posted by inwest88 > 2014-08-10 12:53 | Report Abuse

Tsy88 - if the need arises to cut loss, so be it. Most of my counters were in the red on Friday except fid Pintaras and Ho Hup ( both for medium term hold) . However was lucky to gain from Seacera WB , again the pick from my e friend rchi.

Posted by 1million > 2014-08-10 16:16 | Report Abuse

Dear TCB, appreciate your TA analysis on Mpay & Gpacket. Thank you.

Posted by sunflower22 > 2014-08-10 17:14 | Report Abuse

Dear TCB,

Kindly advice on cworks. Tq and have a nice Sunday.

Posted by matrixcool > 2014-08-10 18:12 | Report Abuse

tsy88 > Aug 10
# Dear TCB - appreciate if you can give Ta analysis on :
Guoco - seems to be quite volatile currently. Is current pullback a
good entry point? #

This stock is actually covered under my weekly summary mailing list:

GUOCO—After hitting a new high of $1.96 on 31/07 it is taking a breather. It has formed a Flagpole pattern and consolidates inside the bullish flag, a break above its bullish flag at $1.80 signal breakout to retry its previous high and very strong resistance of $2.00(invincible zero resistance). A break above this psychological level of $2.00 will take it to next target of $2.10/$2.20. Failure to breakout it is expected to fall back and trade inside its bullish flag of $1.57 to $1.80. Stop Loss if $1.50 is violated for short term trader.

Happy Trading

Posted by tsy88 > 2014-08-10 19:59 | Report Abuse

Matrixcool - thanks for reading of Guoco. Noted and most appreciated. Will monitor and watch for breakout at 1.80 for entry.

Posted by RI77 > 2014-08-10 21:24 | Report Abuse

Dear TCB,
Can you add me into your weekly mailing list?
God Bless

Posted by stay_foolish > 2014-08-10 22:00 | Report Abuse

Ck

Ireka

Stage 3 of Market Cycle-Distribution which the price can be volatile. It is expected to trade between $0.63 and $0.705. A break above $0.705 may test $0.72/$0.8. Need to fill the Gap between $0.705 and $0.805 to Trend Reversal to Stage 2. A break below $0.63 may find strong support at $0.58.. Cut loss if 0.58 is violated.

Posted by stay_foolish > 2014-08-10 22:15 | Report Abuse

RI77

I actually did the Chart for tsy88 on 4/8.

Cresendo

Weekly Chart- Stage 3 of the Market Cycle- Distribution which the price can be volatile. Breakout at Descending Triangle on 1/8 but the volume is not convincing enough. Need to Break above $3.8 to Trend Reversal.

Daily Chart- Formed A Gravestone Doji on 4/8 which indicate indecision of investors. The price may further consolidate/downward but need to wait for tomorrow confirmation. Immediate support is $2.99 but it look frail, may find stronger support at $2.86. Resistance 1 is $3.1 and resistance 2 is $3.22.

After reading on 10/8

Weekly Chart- The situation is still remain the same.

Daily Chart- Price retraced because of the Dividend Distribution. It is expected to trade between $2.7 and $2.85. A break above $2.85 may test Resistance 1 at $2.93 and Resistance 2 at $3.1. A break below $2.7 may find $2.62 as immediate support. Cut loss if $2.62 is violated.

Happy Trading

Posted by Dunknow > 2014-08-10 22:15 | Report Abuse

Dear TCB, 
Can you add me into your weekly mailing list? 

Thankssssssss

Posted by matrixcool > 2014-08-10 22:29 | Report Abuse

RI77 & Dunknow ,

Please send an email to my address below:

matrixcool02@gmail.com (02 reads zero two).

Happy Trading

Posted by stay_foolish > 2014-08-10 22:36 | Report Abuse

Tsy88

Dolmite

Weekly Chart- Stage 4 of Market Cycle which is very Bearish. It tried to breakout from Rounding Bottom at $ 0.495 on 18/7 but It failed to stay above $0.495. The price dropped since then and retrace almost 70%.

Daily Chart- 3 Black Crows formed on last 3 trading days which indicate Bearish Implication. $0.385 is immediate support line and it looked frail now. May find 0.36 as Support 1 if $0.385 is violated. Cut loss if 0.36 is violated.

In TCB, we discourage average down. #Only Losers average Losers# in the stock market.--Unquote. Free up your fund, there is plenty of opportunity out there. Happy Trading !