"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 .
Hi CautiousTrader, HWANG: After hitting a high of $1.99 on 05/08 since the dividend, it had quite a pull back and consolidated to a low of $1.88. Despite the price improvement taken place yesterday, there was a big volume of selling today and has brought the price down again. It is currently at the support of $1.88 (previous resistance turn support) and likely to be under consolidation. Any weakness due to more profit taking will find immediate support at $1.84. If it scales up, it will find immediate resistance at $1.94 and $1.99. Breaking above $1.99 with volume will indicate a potential bullish breakout (buy signal). Please note that there is slight bullish Price/Accu.Distr divergence since past couple of weeks. Stop loss at $1.83 if violated.
Weekly Chart—stage 2 of the cycle and very bullish. After hitting high of $1.13 it has been consolidating on a very tight sideways movement of $1.03 to $1.13 for the past 7 weeks. A break above $1.13 will take it into uncharted territory with an immediate target of $1.20/$1.23 and TP2 of $1.30. For midterm traders the stop loss level is $0.97 if violated (The midterm uptrend line and it is rising). Daily Chart—today it breaks above $1.09 signal price reversal and hit my target of $1.20/$1.23.The consolidation is over for Scicom and one can expects more upward movement of SCICOM. If break $1.23 will move to my next target of TP2 of $1.30.Any weakness (which offer buying opportunity) due to overbought condition should find immediate support at $1.13 and very strong support at $1.09.I will set my Trailing stop at $1.08 to protect my profits.
pvd-investor EAH-gaining bullish momentum and share prices are expected to climb higher as daily chart formed three bullish candles.Noticeably, reading from all oscillators shows that share prices are gaining bullish momentum. Moreover, weekly chart shows that share prices are trading well within uptrend channel. Further upsides are targeted at 0.168,0.172 and 0.178. Immediate supports are 0.155 and 0.145. A stop loss if 0.14 is triggered. Happy Trading.
Tsy88-CAB Since hitting an all-time high of 0.975 on 27 July,CAB is having a pullback and trading sideways. Despite volume divergence, accumulation can be seen and the share prices are well supported at the 20MA level.Share prices have formed a continuation pattern, Flag on a weekly chart.Keep an eye for momentum and volume for a reversal pattern. Hence, share price is expected to continue its prior trend (long-term uptrend) should a reversal candlestick pattern, which is poised for the completion of the Flag pattern, appears on weekly chart. Further upside are targeted at 0.895,0.94 and 0.987, with a long term target price of 1.05. Major supports are situated at 0.84 and 0.83. A stop loss if 0.83 is violated. Happy Trading.
Hi 1million & bracoli, MPAY: After hitting a high of $0.335 but closed lower at $0.315 due to heavy selling on 08/08, it had some pull back to $0.295 today. A doji with longer lower shadow is formed today indicates potential reversal signal but further price movement on the next 2 trading days is needed to be monitored to confirm any price reversal. If it scales up, it will find immediate resistance at $0.31 and $0.325 respectively. Breaking and closing above $0.325 with volume will indicate a potential bullish breakout (buy signal). Any further weakness due to more profit taking will find immediate resistance at $0.29 and $0.28. Do take note that there seems to be some accumulation taking place since the last 3 days. Stop loss at $0.275 if violated.
Weekly Chart- Stage 2 of Market Cycle which is very Bullish. Breakout from Cup and Handle at 0.66 on 13/06 and has a TP at 1.12 in Medium Term.
Daily Chart- Breakout from Cup and Handle pattern at $0.81 on 06/08 and carries to its immediate target at $0.97. After hitting high at $0.985 today, it formed Spinning Top which may indicate Price Reversal. Need to wait for next candle for confirmation whether the price is going to consolidate or downward. Any weakness may due to profit taking or overbought may find $0.885 as immediate support. For Short Term trader, cut loss if 0.81 is violated. For Medium Term Trader. cut loss if 0.75 is violated.
Congrats and rmb to set your Trailing Stop Loss to protect your profit!
Weekly Chart- Stage 2 of Market Cycle which is bullish. Just breakout from Rectangular Trading at $0.155 which has immediate target at $0.215. A Breakaway Gap with volume on 25/07 which also show the bullishness.
Daily Chart- Any weakness due to profit taking or overbought may find $0.165 as immediate support. High Volume today tested the resistance 1 at $0.195. A break above $0.195 may test the previous high at 0.205 and carries toward to immediate target of $0.215 and beyond. Cut loss if 0.155 is violated.
Has been under correction. Looks bullish after taking out its resistance at 0.34. It needs to overcome its immediate resistance at 0.355 with volume and stay above this price in order to challenge the gap resistance of 0.385/0.405. If it can fill up this gap resistance with volume, then it would confirm its bullish reversal. Immediate support lies at 0.325. You may want to set a stop loss at 0.315 in case the bullish breakout is unsuccessful.
tsy88 - congrats on Scicom. My first entry into this counter was 48 sen but sold at 54 sen. Looks like the market is still "hot" and witht hte Dow and S&P closing higher, it could be an added boost. Nit usre whether got time to do some trades today but will be watching Leweko, Nihsin and Grandflo.
Nihsin came to its high again. Leweko looks strong but Granflo pulled back from its high yesterday but may be an opportunity to buy. Ijacobs suspended today pending announcement. Wzsatu practically up everyday!
Market this week so steady and yes, very hot. Have a profitable day.
Fosterrr - Please allow us some time to revert on skpres and seacera.
Based on fibo retracement alone, it is difficult to tell which retracement level it will bounce off. As a guideline, we can focus on the 38.2% and 50% (although this is not a Fibo number)retracement levels and the all important golden retracement at 61.8%. I personally found fibo retracement useful when analyzed together with candlesticks and trading patterns. This increases the reliability of our analysis and gives a better indication on the direction of the price. Now, others may analyze the fibo retracement differently.
Irregardless, if we are buying in on retracement levels, it is important to set your trading plan with an exit price in place in case the price retraces further to the next level due to whatever reasons or it could be that our analysis was wrong.
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Posted by Fosterrrr > Aug 13, 2014 08:48 PM | Report Abuse
Dear TCB,
Please share ta on skpres and seacera.
Also could you enlighten on fibo retracement. As they seem to rebound at respective level. My question is how can we determine which level it would retrace and continue its uptrend.
Hi profitman thank you once again for your valuable input. Awaiting ur ta. Cheers. Today skpress broke resistance @ .615 and closed .62 however am not convinced with the volume. Hopefully will break .635 soon :)
seek - TA Breakout on pennant with volume, on 13/08. Immediate resistance of 1.02 next resistance is 1.04. Support level of 0.97 and 0.95. Daily RSI still re-testing it's downtrend line. If manage to break 1.02, will further re-test 1.04 and 1.07. TP of 1.12 and 1.16. Stop-loss at 0.94.
Posted by stay_foolish Aug 7, 2014 12:34 AM | Report Abuse TA Weekly Chart- Stage 2 of the cycle which is very bullish. Formed Shooting Star on 25/07 and it's now under correction mode. Any weakness due to profit taking or overbought situation should find immediate support at $0.95 and stronger support at $0.87. Daily Chart- May further test Support 1 at $0.97 and Support 2 at $0.95. A break below $0.87 may Trend Reversal to Stage 3. If managed to hold at $0.95, it may retest $1.02/ $1.07
Still under consolidation. You are right, the current support level 0.56, a 23.6% retracement, seems to be holding well. If this level is broken, it should be well supported at the next 2 support level at 0.515 (38.2% retracement) and 0.485 (50% retracement) respectively. In order for a resumption of its bullish trend, it needs to take out the 0.635 resistance convincingly with volume. There is accumulation in the stock in the short term as signaled by the divergence in the price/acc.dist vol on the daily chart.
Aug 8, 2014 12:03 AM
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.
Update As at 14/5/2014:
It did managed to break its resistance at 0.615 temporarily. Its volume, although not very high, did at least increased. Immediate support is now at 0.58. I would expect it to test 0.635 in the coming days barring any external shocks to the market.
Dunknow-Landmark Currently, Landmark is trading at NTA of 3++ with a bright growth prospect driven by its mega project in Indonesia. Earning improved from negative to positive and if the casino licence is approved it will be the crown jewel for landmark. Poised for further upside after the downtrend line breakout. Share prices are likely to widen its Bollinger bands in the near term as readings from daily and weekly oscillators are improving. A decisive breakout above 20MA@ 1.56 is expected to spur prices higher towards 1.66,1.74 with long term target price of 1.93. Immediate supports are at 1.47 and 1.45. A stop loss if 1.45 is triggered. Happy trading.
tsy88 - good morning. Have to be very selective. Towards the last hour of trading yesterday, the market momentum was diminishing. Hopefully it's just a breather.
Every now and then we will see stocks off from their day's high. I would attribute this to normal profit taking where people lock in their profits or realise their gains. I think we are in a typical cyclical bull run mirroring the Dow.
Today Reach Energy will be listed. Boasts of famous personalities. Should do well. Looking forward to the debut of this IPO!
woo hoo another good buy, lbalum at 77sen, suddenly shoot past 83sen! btw, consider breakout of ascending triangle at 815 right? so with this breakout close above 815 means sky is the limit?
what'll be the next TP?
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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 .