"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 .
Tsy88 good morning. Just sold btech bought many months back. This counter can suddenly have no activity. Made some intra gain on leon fb . Also entered some Goodway
Happy morning tsy88, you're indeed a good trader.Agree with you that the premium is at high side but downside risk is quiet limited at this stage. If water play picks up, it's good to keep an eye on the warrant too but as usual with the marco factors seems to be affecting the mrkt sentiment.China'a injection of 500B yuan to banking has stabilsed and neutralised the slowdown fear. Thanks for highlighting tsy88.
tpchuayap - already done. Have re-copied here for you.
Posted by ProfitMan > Sep 17, 2014 12:04 AM
tpchuayap - FGV:
Remains bearish after breaking down from the symmetrical triangle on 30/5 when the 4.41 resistance was broken. It has now set a new low at 3.63. The selling pressure does not appear to have eased off and you can expect it to trend down further. If the bearish mode persist, it could take the price to its target price of 3.58. Immediate resistance is at 3.71.
tpchuayap - For FGV, the next 2 tps are 3.52 and 3.46. Please note that tps are just a guide. The selling pressure today seems to have increased. Please trade cautiously.
tsy88 - hope you had a good trading day. I cleared Goodway in the morning at 61 sen. Was looking into Nihsin but did not go in. However had a 4 sen intra day gain on SCIB.
Inwest88- congrats on Goodway and Scib. Had wanted to go in Scib and Muh but hesitated. You sold Goodway at 61 but I bought at 61 when it shot past 60! Had took up at 55.5 earlier when Matrixcool advised me. Closing at 58 not good. Will see tommorow how it goes. Not making aby headway of late! You are doing fine.
Stage 2 of Market Cycle which is bullish. The upward trend is still intact. Breakout from Rectangular Trading on 09/09 with volume which has immediate target of $1.65. After hitting high of $1.55 on 12/09, the price dropped with minimal volume which is good sign. Need to stay above $1.43/1.45 to retest $1.55 again. If $1.43/$1.45 cant hold, may find $1.39 as stronger support. If close below $1.37, it will back to Stage 3 of Market Cycle.
BJAUTO
Stage 2 of Market Cycle which is Very Bullish. Trading in Upward Channel which indicate very bullish. Congrats if you are one of the winner. Remember to set Trailing Stop to prevent it turn against you. If break above 3.10 may lead to TP 1 $3.25 and beyond. Any weakness may find support 1 at $3 and stronger support at $2.9.
Fututec
Stage 2 of Market Cycle which is bullish. After hitting high at $1.32 on 11/09, the price dropped for two days with minimal volume which is a good sign. It is expected to consolidate in short term between $1.7 and $1.26. Break above $1.26 will test previous high at $1.32 and beyond. Support 1 is $1.2 and support 2 is $1.15/$1.17.
Sanichi
Stage 1 of Market Cycle which normally trading in Rectangular Trading. It found a new at $0.07. Failed to breakout from Rounding Bottom on 29/08 at $0.16. Need to break above $0.16 to Trend Reversal. Resistance 1 is $0.13/$0.14 and strong resistance at $0.16. Support 1 is 0.115 and Support 2 is $0.095.
Stage 2 of Market Cycle- which is very bullish. Breakout from Bull Flags on 12/09 but the volume is less convincing. Need to stay above $3.44 to scale higher. If $3.44 stay, it will test TP 1 at $3.55 and beyond. Any weakness due to taking profit or sell down may challenge support 1 at $3.44. Stronger support at $3.31/$3.33
Stay_foolish: no delay at all. Know that you are doing your utmost in providing Ta analysis and advice. Thanks so much for reading on Bcb, Bjauto, Fututec and Sanichi. Holding Fututec and Sanichi. Thanks also for your well wishes. Hope you reap handsome financial rewards from the stock market and happy trading.
Yoda88 - thanks for sharing and highlighting. Had gone through Alpha Trader's write-up on Goodway when Matrixcool highlighted to us this afternoon. Just felt that it was holding up so well when it abruptly reversed and headed south! Another point worth noting is the exceptionally high volume done today, in fact for whole year. (Correct me if I am wrong).
master_tan-Prlexus Despite a pullback and downtrending, accumulation is noticeable.Daily chart shows recovery and a potential turning point signal in near term.Since daily chart concur, further upsides are targeted at 1.62 and 1.73. Immediate supports are 1.54 and 1.49. Suggest a stop loss if 1.48 is triggered. Happy trading.
ck-Opensys Since the spike on 9th Sept with healthy volume the share failed to sustain and currently its downtrending.If you're buying on weakness, immediate supports can be found at 0.385 and 0.38. A stop loss if 0.375 is violated. Any techincal rebound accompany with volume will spur the price to a resistance of 0.42 and 0.43. Happy trading.
Inwest88 - latest write-up by Bones is on Gunung. Nowadays his recommended stocks do not surge as much as before. Becoming a non affair now,can say that!
GODbless88-Sumatec Sumatech is currently downtrending and if you'e looking to buy on weakness, you should keep an eye the next few days as 0.40 seems to be a strong support on a daily live chart.For cheaper exposures, you may want to consider the warrants too.There is always a possiblity of a short term reound on this counter unless the market sentiment is bad.If it rebounds with volume, its resistance are at 0.425 and 0.465.Immediate supports can be found at .395 and 0.375.Suggest a stop loss if 0.375 is violated. Happy trading
GODbless88-Sumatec It depends on your risk porfolio and you must have a trading plan before entering into a stock. We at TCB always advise on a trailing stop loss if the stock downtrend.At current level as I'm watching its trade now, don't think it will retrace further unless the market maker changes his or her plan.Don't think it will trade below 0.40 level. Always keep an eye and if there's no interest rate hike and a 'no vote for Scottish independence' possiblity market might recover.
market die already. thanks to bursa. when market hot, glotec, sumatec, pdz up, bursa ask brokers to restrict buying. now market die already, bursa happy lor.
@yoda88 - thanks yoda, my stop loss was actually 0.40, which is the last support and close to today's closing. That's why I was a bit restless today. Already cleared and brought other counters. Thanks TCB anyways.
@speakup - you can't blame them, otherwise many ppl will suffer as well. There are two sides to a coin.
@speakup now penny stocks is the highlight, of course many will take opportunity to goreng. Winners say bursa is obstacle, loser says bursa is a guardian. There are two sides to a coin.
Dear TCB - Kindly review Mitra and its Wa. Am not sure if it is going back up again after retracing from high of 1.04. Appreciate your analysis. Thanks.
godbless88 - you will realize by now that it takes discipline to execute a trading plan. You need not feel restless about it although its human nature to feel that way. Once a stop loss is reached, you just cut accordingly without a second thought and move on like what you did. The stop loss is your maximum tolerable limit you allow the price to fall based on your own risk profile and financial budget before you call it quits. Under the circumstances, I think you have done well.
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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 .