Posted by yoda88 > 2014-05-28 22:41 | Report Abuse

Christie- Lbalum
the phenomena we are witnessing is a common situation when the market is listless,whereby volume is low and mostly all non performing 3rd liners are effected to almost 10%. Lbalum from 0.76 level to 0.66 level, since you've not apply a cut loss, you could have average down according to your risk appetite,maybe 0.69,0.66,0.63...and stay on course on the counters you believe.

Lbalum shows some interest in buying towards the second half,signaling resumption of uptrend if the buying holds tomorrow.

Share price might triggered reversal signal with a hammer formed on daily and weekly charts respectively. Overall, the long-term uptrend is still intact. Since daily and weekly charts concur, Lablum is likely to restore its uptrend and see further upside towards R1- 0.69, R2- 0.72 and 0.75. Key supports are situated near 0.63 and 0.605.A tight stop loss below 0.65.

Posted by Christie > 2014-05-28 22:44 | Report Abuse

Hi, this will be my first attempt to learn something.. it will be slow and thank you for allowing me this opportunity to learn here. For K1, would you still consider the candlestick a dragonfly doji (bullish) even though it wasnt a 'perfect' downtrend. RSI seems going up and Stoc is oversold. Does volume matters in dragonfly doji? Tks.

Posted by Christie > 2014-05-28 22:56 | Report Abuse

Matrixcool/Profitman, would you consider LBAlum hammer very bullish. Is there any other indicator (Vol etc etc) to look at? Am aware that need confirmation (with volume?) tomorrow. Tks

Posted by yoda88 > 2014-05-28 23:08 | Report Abuse

Christie- Tgoff Wa
Warrant play is very much retail based and consist mainly contra players during a bull market. When broad market reverse and the mother share starts to surge the warrant will follow. As notice in GBGAQRS the warrant did not attempt to move at all even the mother share scale 7 cents.

Tgoff warrant closed with a nice candle despite uncertain of the mother share, the warrant seems to have interest in accumulation.
Ressitance 0.305 and 0.33 with immediate support at 0.29 and 0.28.
Failure to break the strong resistance it will trade side ways.
Happy trading.

Posted by matrixcool > 2014-05-28 23:35 | Report Abuse

Christie, yoda did a good analysis on LBalum for you.
A Hammer means there might be a price reversal, it is bullish after retracement in this case like LBalum, candlestick cannot tell you how far it will go and for how long.For LBalum, the rebound may meet strong resistance at $0.71 (its immediate downtrend line), LBalum turns bullish if can break and stay above $0.71 and to those targets Yoda mentioned.

Yoda thinks you do not apply Stop Loss that is why he suggested you may want to do zone buying when the counter come down to its strong support. Generally, we believe if you are wrong, you should take your losses early and only average when the price reverse like LBalum if it breaks $0.71 with volume.

Buying and Selling you need to make that important decision yourself.

Happy trading and good night..

Posted by yoda88 > 2014-05-28 23:56 | Report Abuse

Chenlai- Farmbes
Farmbes is down trending and at its 4 week low. Watch the weekly chart whether it will retrace further to test the 100MA @ 0.61 level.

If you have enter based on bottom fishing apply a stop loss at 0.61 level. The next support will be 0.59 and further downside towards 0.565.

If you have not taken any postion observe for a reversal signal followed by a healthy volume.Happy trading.

Posted by kheng > 2014-05-29 00:17 | Report Abuse

I wonder y Farmbest management allowed its auditor to tarnish its financial image just b4 the impending quarter results to be announced. Sth is fishy as the auditor's act is extremely unethical in business sense of mind. Is it a conspiracy act to press down its price b4 announcing a sterling quarterly results this week?

Posted by yoda88 > 2014-05-29 00:25 | Report Abuse

Ifctrade

Ocncash is trading sideways since the surge on the 8th of May.
As mention ealier its a common when the market is listless,mostly all non performing 3rd liners and low liners will be effected unless there's agenda or a strong news attached to that particular stock.
Much depends on a market leader such as Iris today and it might spell a reversal of mrkt trend for other low liners.

If it manage to break above 0.285 will find strong resistance at 0.295 and further 0.31 but must accompany by strong volume.Indeed its a good fundamental company with high cash. A healthy quarter result might have impact on the price movement,do check out the announcements.

Supports are at 0.265 and 0.25 with a stop loss at 0.24.
Happy trading

Posted by yoda88 > 2014-05-29 00:32 | Report Abuse

Chenlai-Farmbest, I agree with Kheng with the poor integrity of the management. We check based on TA only. Do check out other news which might be effecting the price retracement of this stock.

Posted by Lz Lee Weiping > 2014-05-29 01:03 | Report Abuse

matrixcool, you're welcome.
would you mind share to me how you actually define a stage within a cycle?
thanks

Posted by Christie > 2014-05-29 08:35 | Report Abuse

Gd morning Matrixcool/Profitman/Yoda, thanks for all yr analysis. Happy Trading. I will be out whole morning so cant view mkt... happy trading!!

Posted by matrixcool > 2014-05-29 09:44 | Report Abuse

Lz Lee Weiping ,

I use a 4 stages cycle to read my charts. It is simple and quite straight forward if you master it. If you look at your chart(any chart) you will see that the pattern always repeat itself in a shape that looks like a SINE WAVE. The Full cycle may take weeks, months to complete.

Stage1: The stock price is at their lows, it moves sideways and trade within rectangle trading.The stock is forming a new base. (Indecision stage)

Stage 2-The stock breakout from the base and explode upward movement. The price will rise and pull back and rise again and finally euphoria. (This is where traders want to be in)

Stage 3—Most traders feel the price may be too high and they start to sell,buyers support the price when it fall and sellers press the price down when it rises and stock drifted sideways into stage 3.( Distribution stage)

Stage 4—With increasing selling pressure buyers refuse to support and the stock heads south to stage 4.Avoid at all cost.

Happy Trading..

Posted by matrixcool > 2014-05-29 11:22 | Report Abuse

Christie,

Dragonfly Doji—Any doji is a signal that we traders pay attention to, unless the stock is sideways moving then most of the candles you can ignore them.When a stock is going no way do not bother to read indicators, candle pattern etc.You will be wasting your energy and time.
For K1, the Doji during the downward movement does carry an important message. The dragonfly formed when the sellers first press the stock down, but later the buyers come in and push the stock back up. It has bullish implication during downward movement, especially in oversold position that price reversal may happen on the next candle.How far the price will reverse you need to find the next resistance for K1.

Dragonfly doji normally formed on average or larger daily range.

Happy Trading..

Posted by Danke > 2014-05-29 13:10 | Report Abuse

Please advice on unisem...
Thanks!

Posted by profitman > 2014-05-29 14:05 | Report Abuse

Christie - UEM:

Currently on a bearish run after the temporary bullish reversal in Feb 2014 preceded by a downtrend that started in May 2013. The breakout with a gap up on 14/5 with volume was nullified by selling pressures that has since increased due to its Q1 net profit plunge. The selling may still persist and it is not out of the woods yet.

Immediate support = 2.05/2.06. May have strong support at 2.02.
Immediate resistance = 2.22. If broken, will re-test next resistance at 2.31.

Posted by Chenlai > 2014-05-29 14:26 | Report Abuse

Yoda88 & Kheng : Many thanks for your feedback! Appreciate it!

Posted by profitman > 2014-05-29 14:34 | Report Abuse

Christie - XDL:

Trading sideways with the upper band at 0.22, resistance, and the lower band at 0.205, support. The bullish move on 14/5 was completely rejected by the bears, evident from the bearish engulfing candle on 15/5. Based on this, the stock will in all likelihood be trading sideways unless there is a catalyst to propel its price up.

Should it break 0.22, it will need to test the next resistance level at 0.255/0.26. It is confronted with a major resistance at 0.385 where it needs to fill up the gap resistance at 0.385/0.41 before it can trend any higher. Any further downward pressure will see its price test its next support at 0.18 from 0.205.

Posted by sephiroth > 2014-05-29 14:39 | Report Abuse

christie, don't play play with chinese companies, 95% heading to doomsday

Posted by Christie > 2014-05-29 14:48 | Report Abuse

Tks Matrixcool, can teach me on S & R.. K1 Resistance - is it at 0.385 & 0.405 & Support 0.36 & 0.34? Hope i am not bothering you too much :).

Posted by Christie > 2014-05-29 14:57 | Report Abuse

Profitman, tks for XDL analysis. Trying to understand Resistance.. would 24.5 be considered a Resistance too, Profitman?

Seph.. will take yr advice and hope wont go to Holland with XDL. Will bail out if drops somemore.

Posted by matrixcool > 2014-05-29 15:24 | Report Abuse

christie,

You are right on K1 Support and resistances..R=$0.385/$$0.40, S=$0.37/$0.36.

Now you can see a bullish Hammer does not means anything if it cannot break above its immediate resistance.

Happy Trading..

Posted by matrixcool > 2014-05-29 16:00 | Report Abuse

Dance > SF ccovers​ Unisem. He ​will mots likely reply you tonight after his works.

Happy Trading..

Posted by profitman > 2014-05-29 16:09 | Report Abuse

Christie - XDL: Yes, 24.5 is also a resistance level. On that particular day, buyers pushed the price all the way up to 24.5 and faced resistance to go further before closing back down to 21sen. However, the stronger resistance lies in the 25.5/26 sen zone.

I also noticed from a quick glance into their 2013 financial statements that revenue and profits dropped almost 40% while cash flow from operations dropped 45% = weak FA.

Posted by Dino Limo > 2014-05-29 17:06 | Report Abuse

Dear Profit and Matrix
is there any good course, U guys would recommend?
I wanna learn more about both fa and ta.

if u dont mind, please email to
timlim.aus@gmail.com

Thanks.

Posted by lfctrade > 2014-05-29 17:10 | Report Abuse

Thank you yoda for ocncash

Posted by jbond > 2014-05-29 17:34 | Report Abuse

To the great team of TCB, how do you see KLCI moving forward?

Posted by Dino Limo > 2014-05-29 18:42 | Report Abuse

Hey,
can correct me if wrong?

Minho - Is testing the next support at 1.05, Will probably rebound up.
Since the selling Volume is not enough to break the support.
Judging by the chart, it looks very safe to enter now. Next few days will be up up up, or will begin to consolidate again.
if tomorrow continue to downtrend and hit pass 1.05, maybe have to stoploss straight away.
If it sticks around 1.08-1.1 can consider to add in.

Uptrend is still intact. Can this be consider the 3rd wave? How to tell? And is the 3rd wave normally the strongest wave? And can you also explain on 3wsw2?? people were using terms like that, that's confusing to me.

^.^ thakns

Posted by rooney2u > 2014-05-29 20:21 | Report Abuse

Dear master, pls advice d&o .thks

Posted by stay_foolish > 2014-05-29 22:23 | Report Abuse

Dance

I did the reading Unisem on May 22

Market cycle 2 Mark-Up stage which is very bullish. The price actually filled the gap btw 1.22 to 1.24 which gap down on 09/08/2012. The support at 1.22 is very storng now. If the support break, it may further test 1.16. Cut loss if 1.13 violated. Morning star formed on 21/5 which indicate that the short term uptrend might end soon and further consolidate. Need to wait for the next day candle to confirm the downtrend.

After reading on 29/05
I am sorry that I made a mistake previously. On 21/05, the candle is not called morning star, it called shooting star. Well, the scenario is still remain the same. The price did some downward adjustment as expected. On 21/05, the price formed a doji means indecision. The price is expected to consolidate btw 1.25 and 1.3.

Posted by stay_foolish > 2014-05-29 23:32 | Report Abuse

Jbond

KLCI

It has been a long debate whether the valuation of KLCI is cheap or expensive. To be frank, we dont know how high it will go and how low it will go too. It looked like a cup and handle pattern to me. Resistance 1 is 1877 and resistance 2 is 1889. Need to break 1889 instead to go higher. The support 1 is 1863 and support 2 is 1839. The RSI is normal now. There is no overbought or oversold. So I expect it will break through 1889 sooner or later. ( Just assumption )

Posted by matrixcool > 2014-05-29 23:40 | Report Abuse

Dino Limo --My reading for MINHO

MINHO formed an Engulfing Bear (which is normally very bearish) today, but because it has been on the downtrend and I suspect this could be the last “Engulfing Bottom”. Need a confirmation candle tomorrow and if it closes above $1.08 then it indicates a bullish reversal and you can expect more rebound. If not more downward can be expected to next supports of $1.05. The break below $1.15 has violated its uptrend line and any rebound may find the resistance(Support turns resistance) on this line. (As of today it reads $1.15/$1.16).

Sorry i can not help you in Waves, profitMan maybe able to help or any TA can do waves that to help Dino here.

Happy Trading and Good Night.

Posted by jbond > 2014-05-29 23:44 | Report Abuse

Thanks for your sharing, SF

Posted by stay_foolish > 2014-05-29 23:44 | Report Abuse

I analayze D&O on May 22

D&O
An hammer formed on 28/4 which indicate the downward trend has ended. The price further consolidate btw 0.295 and 0.31 for almost 9 trading day until break through 0.31 with volume on 16/05. On 19/05, a gap up confirmed the thrend is upward. Need to break through resistance is 0.37/0.38 with volume in order to test 0.405. Support 1 at 0.33 and support 2 is 0.31. Cut loss if
0.295 is voilated.

After reading the chart on 29/05
On 26/5, the price try to break through 0.405 as I suggested earlier but failed to maintain above 0405. A morning star formed after that, the price went down. Support 1 is at 0.33 and support 2 is 0.31. Cut loss if 0.295 is voilated.

Posted by profitman > 2014-05-30 00:47 | Report Abuse

Dino Limo - Minho: I will just address your wave question. I am afraid you will need to read up on the basics of EW (Elliot Wave) to really understand it.

On the EW, Minho is on wave 3. Yes wave 3 is the longest wave, most bullish and is the wave that you want to trade.

W3sw2 means Wave 3 sub-wave 2. In simple and short terms, it means the 2nd wave within the bigger wave 3. It can be confusing until you know what EW is all about. In EW, there are waves within a wave called sub waves which can be further divided into more sub waves. Even if you know EW, it can get very confusing.

Unless you want to trade based on EW, if not then I would suggest you get into it at a later stage. There are some very good wave readers who trade primarily on the EW and are very successful at it. These traders will count into the sub waves to look for entry and exit points.

Posted by Danke > 2014-05-30 01:30 | Report Abuse

Thanks SF

Posted by Chenlai > 2014-05-30 06:48 | Report Abuse

Morning TCB, need advise on BIG and AZRB? Thank again in advance.

Posted by matrixcool > 2014-05-30 06:56 | Report Abuse

profitMan, that is confusing..sub waves within sub waves..How confusing can EW be..
Thta is why i could not handle waves, really admire those that did well on EW..

Happy Trading.

Posted by ProfitMan > 2014-05-30 10:13 | Report Abuse

Chenlai - BIG:

Under consolidation since the dark cloud was formed on 3/4. Trading is generally thinning out, possibly sellers exhaustion. From breakout on 18/3, it has retraced about 63%.

Immediate support = 0.67 ; S2 = 0.62
Immediate resist = 0.77 ; R2 = 0.865 ; R3 = 0.90/0.915 (gap resistance)

Posted by matrixcool > 2014-05-30 10:57 | Report Abuse

profitMan, thanks for the inputs on BIG.

Like to add the following notes:

BIG—Stage 3 of the cycle or what we refer to Distribution stage.Breakdown of its uptrend line at 28/05 and imply bearish sentiment may continue.Do observe the important support of $0.67 (mention by profitMan) closely if this level is broken it begins stage 4 of the cycle which is to be avoided at all costs.

Happy Trading..

Posted by yoda88 > 2014-05-30 11:15 | Report Abuse

Chenlai-AZRB
Chart wise is trading sideways since the surge on 16th May.You need to check out the fundamental of AZRB whether they have accumulated debts or otherwise. With right issues there are more warrants and shares.Curently its trading at the mid band.

Resistance - 0.74, R2 78
Immediate Support- 0.685, S2- 0.66

Posted by joyous > 2014-05-30 11:39 | Report Abuse

Hi Yoda, Good Morning..how u see KTB now?

Posted by yoda88 > 2014-05-30 12:04 | Report Abuse

Hi Joyous
Hope you've lock in your profit on KTB yesterday as i"ve sold mine. Chart wise it will be hovering at a range trade between 0.255 to 0.28 till mrkt sentiment turns bullish or any strong news which can give new life to this ctr.It struggle coz of insufficient momentum to carry thru. take a note of school holidays n scoccer game too. A good ctr to bottom fish.

Supports 0.255 and 0.235
Imediate Resistance- 0.27 and 0.29
Always pratice a stop loss. Happy trading.

Posted by Sp BoiBoi > 2014-05-30 13:07 | Report Abuse

hi TCB,
just wan to make sure something , if i bought L&G LA now and i directly convert to L&G mother share , stil able to get the dividen if i get my mother share after the ex-date ?

Posted by jass > 2014-05-30 13:14 | Report Abuse

hi TCB
can u help to look into Presbhd. tq

Posted by Lz Lee Weiping > 2014-05-30 13:39 | Report Abuse

PRESBHD:

Downtrend probably going to trade in between the resistance level of 2.04 and support level of 1.735, if the gap is closed approx 1week.
MACD and Stoch indicators for daily and weekly basics shows downtrend and bearish momentum.
that's my analysis><

Posted by jass > 2014-05-30 13:43 | Report Abuse

tq Lz Lee for ur info. :))

Posted by johnny cash > 2014-05-30 13:47 | Report Abuse

hello TCB, can you help me on DATASONIC, MUDAJAYA, SCICOM, UEM SUNRISE.. and KAREX.. thanks

Posted by matrixcool > 2014-05-30 15:23 | Report Abuse

Anyone can help Sp BoiBoi here about the L&G LA ? I am not sure whether you are entitle for the dividends or not?

Lz Lee Weiping, thanks for helping jass on Presbhd.

Just like to add the following notes:

Jass,

The Gap that Lz was mentioning refer to the Fallen Gap(Breakaway type which has bearish implication) of $1.78/$1.82 now is acting as an immediate resistances.We cannot be sure about the time of 1 week that the gap will be filled, but if support of $1.72 is violated with volume it is definitely heading south to $1.63/$1.58 and $1.40. So if you are buying this counter do set an exit if $1.70 is violated.

johnny cash—We will look into all your counters over the weekend.

Happy Trading..

Posted by ProfitMan > 2014-05-30 17:03 | Report Abuse

Sp Boiboi - L&G Wa: if you officially gets it after the ex-date, as far as I know, you are not entitled to it. They go by the ex-date. Best if you re-confirm with the respective share registrar.

Posted by ProfitMan > 2014-05-30 17:25 | Report Abuse

Johnny Cash - UEM Sunrise:

This analysis done for Christie on 29/5 still stands. Today it tested its immediate support at 2.05.:-

Currently on a bearish run after the temporary bullish reversal in Feb 2014 preceded by a downtrend that started in May 2013. The breakout with a gap up on 14/5 with volume was nullified by selling pressures that has since increased due to its Q1 net profit plunge. The selling may still persist and it is not out of the woods yet.

Immediate support = 2.05/2.06. May have strong support at 2.02.
Immediate resistance = 2.22. If broken, will re-test next resistance at 2.31.