"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 .
Dunknow - in the case of Ifcamsc, past few days' volume have been very high, so almost everyday is forced selling day. You see the range of high and low done and observe how the selling pressure is absorbed .
Stage 4 of Market Cycle- Bearish which due to dividend payout and market sentiment. After hitting low on 16/10, it may find a new support at $0.48. It is now trading in the flag between $0.525 and $0.555. A break above may bring to TP 1 at $0.58/$0.6 and TP 2 at $0.63. Any weakness may find support 1 at $0.525 and support 2 at $0.48. Cut loss if $0.48 is voilated
Stage 3 of Market Cycle- Distribution which the price can be volatile. A Technical Rebound formed on 17/10 due to Oversold. For me, it is not an Engulfing Bull candle on 17/10 due to the low volume. It is under healthy consolidation between $0.7 and $0.75 with reduced volume at the moment. It is expected to break above $0.75 which may bring to TP 1 at $0.8/$0.835 and TP 2 at $0.875. Final Target at $0.935. Any weakness may find $0.7 as immediate support and strong support at $0.67. For short term trader, may want to cut loss if $0.67 is violated. For medium term trader, may want to cut loss if $0.6 is voilated
kingcobra n ck- Tekseng It has been trading sideways since hitting the high of 0.885 and today share prices has been trying to break out of the strong support of 0.835.The upward momentum keeps building up and with volume its expected to test 0.875 and retest the previous high of 0.885. If it manage to break the previous high accompany with volume the further resistance would be found at 0.93. Any weakness should find immediate support at 0.835 and 0.815. A stop loss if o.78 is violated. Happy trading.
tc2012-Salcon Salcon currently is trading below 20MA and sideways. All daily oscillators are gaining sideway momentum. Hence, share prices are expected to reverse upon any solid news pending the langat 2 contracts. Several companies such as jaks,salcon and others will likely to get a piece of action once contract is awarded.Further upside are targeted at 0.75 and 0.775 with a long term target price of 0.82. Major supports are situated at 0.71 and 0.66. A Cut loss below 0.64. Happy Trading.
Dunknow - good morning. Dow down only 31, hopefully does not affect market. Index should be supported in view of month end. Ifcamsc still looking strong. Monitoring very closely. Happy trading !!
Inwest88 - good morning. Despite the Fed announcing the end of QE, dow is holding up pretty well. Our Klci also should mirror the Dow. Hope you are reaping gains in this run up of late. Happy trading !!
hi everyone, Heartiest wishes to everyone. I am looking at a screener app and not sure what are the healthy numbers i should punch in. Can anyone please help me? I know a healthy PE should be from 5 - 18 and a ROE should be around 6 and above. Question is what range should a healthy ROE, DY, EPS,NTA,DPS,PTBV be? Perhaps then we could translate TA analysis to the selected stocks..just my 2cents ^.^
MarcusKing - The PE and ROE figures that you mention are good starting points. There are no standard healthy numbers to key in. A screener gives you a first filter and I am sure you will be looking into the other FA aspects of the list of stocks from the screener to narrow down to your stock picks.
It really depends on the criteria that you set out to find your stocks and the timeline of your intended investment for these stocks. Some people may want to look for stocks with a low PE or they may want a high DY stock or a combination of both. It also depends on the industry that the company operates in. Some companies may operate in an industry where high gearing and high PE is the norm. You may want to use the ROE, DY, EPS,NTA,DPS and PTBV of leading companies as a guideline but again, bear in mind that different industries have different norms.
In any case, the screener, while being a potentially useful tool, is not a holy grail. You will probably notice that there are some stocks with low PE and good FA but with stagnating price for long periods of time. To me, the screener highlights to us the stocks that are worth taking a further look.
Profitman - yeah, fully agree with Michaelwoo! You never fail to amaze me every time with your detailed account and knowledgeable info. Your hindsight and overview in every aspect is truly remarkable.
Stage 3 of Market Cycle which the price can be volatile. It does look like it is going to test its previous high of $0.205. If break above $0.205, it may have TP of $0.3. However, there are Price/RSI bearish divergence and Price/Volume bearish divergence. When the stock is trending upward, the volume is declining today. Of course, this would not stop the price to scale higher but we just need to trade cautiously. Any weakness may find $0.17 as immediate support and stronger support at $0.16
stay_foolish - thanks for reading on Vsolar. Thought it is in Stage 2 and thought of entering on breakout of $0.205 but since you say there are Price/RSI and Price/Volume divergence, had better not! Thanks for the advice. Appreciate so much. Good night.
Stage 3 of Market Cycle which the price can be volatile. If break above $0.54, may breakout from Ascending Triangle which has TP of $0.655. Resistance 1 at $0.58 and Resistance 2 at $0.615. Any weakness may find $0.50/$0.51 as immediate support. Strong support at $0.47. Cut loss if $0.47 is violated
About Vsolar, If break above $0.205, it will resume the Stage 2 again. Yup breakout at $0.20 may signal buy again. Bearish Divergence doesn't stop the Price to go higher one. It just simply means that we need to monitor more closely and set our Trailing Stop to protect our profit or stop loss if anything turns against us :)
layyf-Redtone There are some signs of reversal signals amid consolidating for the past couple of days,improving indicators with positive signals. A decisive penetration above immediate resistance of 0.765 will drive prices higher to 0.795 and 0.81.Supports are located at 0.745 and 0.73.A Cut loss at if 0.73 is triggered. Happy trading.
nana88-Arank As share price managed to hold above the 0.63 level together with bullish oscillators, near term outlook remains bright for Arank to retest the significant resistance near 0.655. A decisive breakout above 0.675 will spur share price higher towards 0.71., However, if share price is unable to hold above 0.63, it will see next support a0.60 and 0.565. A Cut loss if 0.56 is violated. Happy trading.
Hi cherry tomato, SYF: It is under consolidation. After a gap up on 28/10 with nominal volume, it has been trying to break and close above $1.10 but failed to do so with diminishing volume. In such scenario, it is likely to continue in consolidation. Please note that it has started to form a Price/RSI bearish divergence. Any weakness will find immediate support at $1.07 and $1.04 respectively. If it manages to break above $1.10 resistance with volume, it will scale toward the next resistance at $1.14 follow with $1.18 before it can move further up. Stop Loss if $1.03 is violated.
Hi sunflower22, JASKITA: Posted by stay_foolish earlier @ Oct 26, 2014 08:24 PM Tsy 88 Jaskita Stage 3 of Market Cycle- Distribution which the price can be volatile. After hitting high at $0.285 on 26/08, it dropped back to the Rectangle Trading between $0.155 and $0.215 since then. On 23/10, It breakout from Downward Channel but the volume is less convincing. It is expected to retest resistance at $0.215. If break above $0.215, which may have immediate target at $0.285. Resistance 1 at $0.235 and Resistance 2 at $0.255. Any weakness may find $0.185 and $0.195 as immediate support. Strong support at $0.155. Cut loss if $0.155 is violated.
Update (11.55pm): It is under consolidation. After failing to break above resistance $0.215, it consolidated to the current support of $0.19. Today doji formed indicates indecisiveness of the market but note that there is a slight Price/RSI bullish divergence. If the price starts to scale up again, it will find immediate strong resistance at $0.21/0.215 and $0.235 respectively before it can move further up. Any further weakness (breaking below $0.19/0.185) will find immediate support at $0.175 and $0.155 respectively. Stop loss if $0.155 is violated.
Has bottomed out at 2.83/2.84 and is rebounding off its low. It is still trading within its downtrend channel and has not broken out. Currently testing the 3.37 resistance. If broken will be up against the next resistance level at 3.45 with an immediate support at 3.25.
stay_foolish - thank you so much for your further clarification on Vsolar. Got your point now. Meaning it has to break its high of $0.205 to resume its uptrend again. Yeah, setting a trailing stop is always a good strategy to protect our profit. Will be monitoring very closely.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: A fertilizer formulating and blending company, Cropmate Berhad aims to list on the ACE Market!
MQ Trader 423 views | 2 d ago
0:17
New IPO: Supreme Consolidated Resources Berhad, a distributor and warehouser of F&B products, aims to list on the ACE Market!
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 .