"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 .
Broke out from its sideways consolidation's resistance of 0.31 on high volume with an increased momentum to offer a hint of a potential price reversal. Has support base at 0.265. Immediate support is at 0.31/0.32. If breakout is successful, will encounter resistances at 0.40 and 0.445.
Bearish after it formed a breakaway gap down when it broke the uptrend line on 18/7. Has found support at 1.00 while the next support level is at 0.88. The inverted hammer of 12/9 is an indication of a potential reversal in price BUT its important to gauge the following 2 trading sessions to confirm the direction of the price movement. Immediate resistance is at 1.08. We can't tell you how low it can go but you may want to consider a stop loss at 0.99 depending on your entry price.
---------------------------------------------------------- Posted by delima1938 > Sep 11, 2014 10:44 PM
Am glad I purchased SMRT,samurai and tekseng based on the inputs received from this forum...thanks alpha trader for your analysis, time and the heart to share :) enjoy your break !!
For the medium term, it remains bullish and is breaking out from its consolidation phase, under a flag pattern, to resume its uptrend. On the daily chart, it has taken out its immediate resistance at 0.755 but the important resistance it must break through is at 0.805/0.81 before scaling into new highs with an immediate tps of 0.88 and 1.01. Immediate support is at 0.75 and should have strong support at 0.70.
bombastic - thanks your kind words. Glad you found it useful. The only reward for us is the satisfaction of knowing that traders like yourself found our contributions useful and is able to make money or avoid losing big money.
Dear TCB - had requested for reading on Zecon together with Efficen on 1st Sept. Had received on Efficen but not on Zecon. Just wonder if it has been overlooked?
Stage 1 of Market cycle which normally trade within a range in rectangle pattern. It is expected to trade between $0.09 and $0.115. A break below $0.09 may find $0.07 as Strong Support. A break above $0.115 may test Previous High at $0.145. Need to Break above $0.145 to Trend Reversal to Stage 2.
AWC
Stage 3 of Market Cycle- Distribution which the price can be volatile. Failed to stay above $0.365 to complete the Rounding Bottom Breakout. Further consolidation between $0.34 and $0.385 is expected. Need to break above $0.385 to resume Bullish Trend. Support 1 at $0.34 looked frail and may further test support 2 at $0.32/$0.325.
PMCORP
Stage 3 of Market Cycle-Distribution which the Price can be volatile. Need to Break above $0.32 with volume to Trend Reversal to Stage 2 of market cycle which is Bullish. A Doji formed on 12/09 which means indecision of the investors. Further consolidation between $0.275 and $0.315 is expected. A break below $0.275 may test Stronger Support $0.26/$0.265. Resistance 1 is $0.3 and Resistance 2 is $0.32.
Yongyou, We hope these are not your entire portfolio. 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.
Still Trading in Downward Channel. Need to break above $0.805 to Trend Reversal to stage 2 of Market Cycle. A Spinning Bottom formed on 05/09 which indicate Price Reversal. Need to break above $0.7 to further test Resistance 1 at $0.735 and Resistance 2 $0.765. Any weakness due to Profit Taking may find $0.625 as Strong Support. A break below $0.625 may find $0.585.
Yongyou, We hope these are not your entire portfolio. 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.
Mid-term: In the correction phase but the bullish engulfing pattern on week 12/9 indicates a bullish reversal could be on the cards. However, do note that the volume is not convincingly high.
Short-term: The dragonfly doji of 9/9 suggest that the bearish tone could be over subject to confirmation of course. Seems to have strong support at 0.47/0.475. Need to overcome its immediate resistance at 0.515 before it can work its way up to its next resistance at 0.58. Yes, there was a MACD bullish crossover. If you are planning to buy in near its trough, do set a stop loss, perhaps at 0.455.
------------------------------------------------------------- Posted by kayza > Sep 12, 2014 01:35 AM
Dear TCB, can you give me some TA on SONA. The charts MACD & Stochastic show some good signals.
Glotec is trading sideways with an overbought situation but judging on the market sentiment on penny stocks, the momentum could be substantial and convincingly with significant volume it will be still on a bullish momentum. Should keep an eye for volume and price movemnt. Resistance can be found at 0.105 and a break the band at 0.118 could bring it further to 0.13 level.Immediate supports are at 0.09 and 0.85. A stop loss if 0.08 is triggered. Happy trading.
As one of the hot penny stock heavily mention recently, it has surged 108.33% frm 0.6 to 12.5 between July 31 and Aug 21 following the announcement that Glotec was acquring 60% stake in New Century Energy Resources Ltd.Technically its at overbought situation at this junture and declining.Immediate supports can be found at 0.105 and 0.095. A stop loss if 0.09 is triggered. Resistance are at 0125 and 0.13. Happy trading.
Update:
It did hit 0.13 as forecasted by Yoda and went as high as 0.14. Currently consolidating sideways within a narrow range of 0.10 and 0.105. Gap support of 0.09/0.095 is holding well. A break in 0.105 resistance could see it testing the high of 0.14 again.
Trading sideways in a symmetrical triangle. Has immediate support at 0.38/0.385 and immediate resistance at 0.425. It could yet go into further consolidation as suggested by the bearish engulfing candle of 12/9. Major resistance at 0.485. A break in the 0.38 support would see it trend towards 0.31.
Consolidating in a pennant but its uptrend remains intact. Support base at 0.31 and need to break 0.33 to signal a resumption of its uptrend. May face strong resistance at 0.35 before scaling new highs. If 0.30/0.31 is broken through with volume, it could signal a reversal in price. You may want to have a stop loss at 0.29.
tsy88-Nihsin Share prices are are expected to climb higher in near-term as reading from all oscillators shows that share prices are gaining bullish momentum with healthy volume.Moreover, weekly chart shows that share prices are trading well within uptrend channel. Further upsides are targeted at 0.425.0.46 and 0.51. Immediate supports are 0.335 and 0.315. A stop loss below 0.315. Happy trading.
dunknow,trader96-KNM Since hitting an all-time high of RM1.12 on 4th Aug 2014, the share is on a downside trading. If you are going for bottom fishing and buying on weakness, a strong support can be found at 0.95 level and if that level is broken it may test the 100MA below the lower band at 0.91 level. A trailing stop loss if 0.88 is violated. However pattern is in the oversold territory on a hourly chart,hence, should a reversal appears with volume the resistance can be found at 0.985 and 1.02 levels. Happy trading.
tsy88-KPS Some profit taking on KPS and the stock is having a pullback since sharp rise a day ago. A strong support can be seen at 1.75 level as its still uptrending and slightly bullish sitting positively above the 200MA level. A break above 1.91 would likely to bring the stock to a resistance of 1.98 and 2.07 level.Water assests are park via KPS as the main vehicle.Immediate supports can be found at 1.80 and 1.75. A stop loss if 1.73 is triggered. Happy trading.
sunflower-Seal Consolidating after the gap down on the 28th Aug.However accumulations can be seen with price divergence. If the 1.21 level is broken with volume it could signal a reversal in this stock and resumption of an uptrend. Resistance are at 1.21,1.29 and 1.40 levels.Failure to breach the 1.20 level could prompt a pullback and further consolidation.Supports can be found at 1.065 and 1.00 levels. A stop loss if 1.00 level is triggered. Happy trading.
scorpion-Presbhd Consolidating with a price divergence but its uptrend remains intact.A break above 2.11 would likely be a bullish signal. Resistance can be found at 2.11 (strong resistance), 2.17 and 2.24 levels.Immediate supports can be found at 1.975 and 1.90 levels. A stop loss if 1.90 is violated. happy trading.
noobtrader-GPA Share prices are are expected to climb higher in near-term as reading from all oscillators shows that share prices are gaining postive momentum with volume building up.Moreover, accumulation are noticiable Further upsides are targeted at 0.14 and 0.15 and 0.16 levels. Immediate supports are 0.12 and 0.115. A stop loss below 0.115. Happy trading.
dunknow-Dsonic Dsonic is curently downtrending.It may drift sideways and if it falls below the 1.74 level below the lower band it might retest the 200MA at 1.625 level.However its at a oversold stage and if you are going for bottom fishing watch out for momentum and volume. A reversal may bring it to a resistance of 1.83 and 1.88 levels. A stop loss if 1.62 level is violated. Happy trading.
jennylee1382-AZRB Posted by yoda88 > Sep 9, 2014 10:45 PM | Report Abuse X winwinborn-Azrb The gap up yesterday with healthy volume end up with a shooting star since the price could not sustain and some profit taking towards the closing. A hammer has formed today and improving indicators and if coupled with surging volume Azrb should penetrate above immediate resistance of 0.795 and scale to next resistance of 0.82. Supports are located at 0.775 and 0.765. A cut loss if 0.75 violated with volume. Happy trading.
Hi Jennylee,another water related counter and one of the player in the MRT project, its downside is very limited at this junture.Strong supports can be seen at 0.76 level and once the 0.78 level is broken with volume, it might scale to retest 0.81.Watch for its trigger point and momentum.I'm looking at the warrant which is very attractive at current price. Happy trading.
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 .