KLSE 2014 Dec8-Dec12 w50 Stocks Focus

KLSE and majority of stocks in Malaysia are in downtrend. In fact, it is the worst performing week for KLSE in more than 3 years shedding -3.9%. So no stock to watch this week and it's time to have a week off from trading. Happy Holidays!!!

KLSE 2014 Dec1-Dec5 w49 Stocks Focus

All Malaysian stocks continue its downtrend, which is unhealthy. Looks like funds is going out from this country. This week I will be reverting on stocks that are fundamentally strong for long term investment. Volume and volatility have been steadily declining in last few months and as we can only go long as a retail investor, the stock market has become boring.

This week's stock focus:

                       Return  Entry  Profit Target Stop Loss  Strategy
MITRA          6.1%     1.15    1.22              1.06           Flag breakout

AIRASIA       5.8%     2.58    2.73              2.45           Major resistance breakout

 

MITRA- Wait for flag breakout trading above 1.15 before enter

AIRASIA- Reached major resistance (failed to breakout from this level 6 times) at 2.58 on Friday. Enter only if it can close above 2.58. 7th time lucky?

Happy trading!

KLSE 2014 Nov24-Nov28 w48 Stocks Focus

KLCI continued trending downwards. If next week KLCI traded below minor support of 1807, more downside will be coming. Caution, patience, and a big heart if you buy stocks in KLCI

This week's stock focus:

                       Return  Entry  Profit Target Stop Loss  Strategy
TDEX           8%          0.25    0.27              0.225        Minor Resistance breakout

SYSTECH     13.3%    0.30    0.34              0.245        Minor resistance breakout

 

TDEX- Enter only if it can stay above minor resistance breakout level of 0.25. High risk trade.

SYSTECH- Enter only if it can stay above minor resistance breakout level of 0.30. High risk trade.

I am focusing on tech stocks for now as it is currently the most positive industry in Malaysia. Happy trading!

KLSE 2014 Nov17-Nov21 w47 Stocks Focus

KLCI continued its second wave of downtrend this week. Most of the stocks are under consolidation, please be caution in trading. This week's stock pick will be more fundamental related and they are long term investment. What I mean long term is more than 3 weeks to months.

This week's stock focus:

                       Return  Entry  Profit Target Stop Loss  Strategy
MITRA           6%      1.02    1.08              0.945         Resistance breakout from 1.01

ECONBHD     17%    0.97    1.13              0.91           Symmetrical triangle breakout

 

MITRA- Set for resistance breakout at 1.01, where good news are coming in.

ECONBHD- This stock has been forming symmetrical triangle since August. More upside if breakout happens.

KLSE 2014 Nov10-Nov14 w46 Stocks Recap

NIHSIN start to turn down once market was opened on Monday. No entry.

BORNOIL break above 0.90 and currently forming a flag pattern. Will be a high possibility to hit profit target next week.

SCICOM break above 2.05 on Monday and reach 2.18 of profit target on Tuesday!

Congratulations on those who traded SCICOM and patience is needed for BORNOIL to reach profit target!

KLSE 2014 Nov10-Nov14 w46 Stocks Focus

Before sharing for  this week's stocks focus, I would like to say KLCI is diverting from DJIA. KLCI has turned down for the last week at 1858 while DJIA just reach an all time high. This divergence could be due to KLCI is fundamentally weaker than DJIA. Long term outlook does not look great.

This week's stock focus:

                       Return  Entry  Profit Target Stop Loss  Strategy
NIHSIN           17%     0.50     0.585           0.425         Bounce off MA

BORNOIL       6.2%    0.90     0.955           0.826         Flag breakout

SCICOM         6.3%     2.05    2.18              1.89          Resistance breakout

NIHSIN- Enter only it breakout from 0.50 with high volume.
 

BORNOIL- Enter if flag breakout from 0.890.
 

The riskiest among these 3 stocks, SCICOM finally breakout form strong resistance of 2.04 on Friday.

You can continue to hold winners such as IFCAMSC, MYEG and also SKPRES-WA. Happy trading!

KLSE 2014 Nov3-Nov7 w45 Stocks Recap

SKPRES-WA gap up on Monday 0.310. It continue its uptrend to reach 0.38 on Friday. Return is 22%.

SEAL was not able to break above 1.04 level with high volume. So no game for this stock.

IJACOBS was not able to break above 0.50. So no game for this stock.

High volume breakout seen in MMODE on Wednesday but momentum does not last. Currently having low volume consolidation. As log as it can stay above 0.60. It will reach profit target. Else it is better to sell.

KLSE 2014 Nov3-Nov7 w45 Stocks Focus

Good day! This week's stock focus:

                       Return  Entry  Profit Target Stop Loss  Strategy
SKPRES-WA  8%      0.305   0.330            0.265        Resistance breakout

SEAL               12%    1.04     1.16              0.950        "Resistance" breakout

IJACOBS         32%    0.500   0.660            0.445        Resistance breakout then whipsawed

MMODE          10%    0.600   0.660            0.545        Flag
 

SKPRES-WA breakout from resistance of 0.29. It has potential to go higher if 0.30 can hold.

 

SEAL - Breakout from 1.00 on Friday, the real resistance level stands at 1.04. If it can break above this level with volume, more upside will come. Patient is required
 

IJACOBS - Breakout failed at level 0.50. Potential will go higher if price breaks above 0.50 with high volume.

MMODE - Breakout failed at level 0.60. Potential will go higher if price break above 0.60 with high volume.

I am focusing on stocks that have potential to breakout from resistance as the "hot stocks" such as MYEG and IFCAMSC have increased in a rate that potentially hit profit taking activities in next week. I believe next week is will be a consolidation week for small cap stocks and also blue chip stocks. Happy trading!

 

KLSE 2014 Oct27-Oct31 Stocks Recap

KLCI enjoyed a good week, rose 35 points, breakout from 1850 strong resistance level. Next week will be a key week to test whether 1850 will hold for long term uptrend.

TEKSENG started to move on Friday, closing at 0.865. Patient is required for riding up the trend to its profit target.
 

NIHSIN started to move on Monday, reaching a high of 0.545 on Thursday, Friday stock start to trend down after break time. Profit taking price is 0.520 with 7% gain.

IFCAMSC enjoyed a great upside, closed at 0.685 on Friday with a profit of at least 10%

Congratulations to those who traded NIHSIN and IFAMSC!

Stock Watch w44: TEKSENG

TEKSENG is technically forming ascending triangle for 2 months now, the strong resistance level is 0.85. If this level broken with a high volume, more potential upside is coming. The projected profit target is 1.05. Expect price may be resisted at 1.00 level. The downside to this is that day to day volume is diminishing and bearish Stochastic crossover was confirmed on Friday. If breakout fail, stop loss level is 0.76.

KLSE 2014 Oct27-Oct31 w44 Stocks Focus

Good day! This week's stock focus:

                   Return  Entry  Profit Target Stop Loss  Strategy
TEKSENG  23%    0.850   1.05              0.760         Ascending triangle

NIHSIN       36%    0.465   0.635            0.390         Pennant

IFCAMSC   18%    0.540   0.640            0.465         Trend following, breakout from resistance

 

TEKSENG is technically forming ascending triangle since early September, the resistance level is 0.85. If broken, more upside is coming.

 

Nice pennant is forming in NIHSIN, bullish Stochastic crossover on Friday. More upside is coming on next week.

 

Strong resistance 0.50 finally broken for IFCAMSC, time to ride up the trend. A risky strategy, but will work providing next week is a bullish week. 

 

DJIA rebounded stronger than expected for the past week, most probably KLSE will follow suit. Pace will definitely slow down as many bullish stocks are reaching short term resistance where profit taking activities will definitely be kicking in.

KLSE 2014 Oct20-Oct24 Stocks Recap

KLCI enjoyed a good week, rose 25 points to reach 20 day Moving Average of 1818. I would say next week will be a good week as well, as it seems that DJIA is undergoing a better bullish recovery than expected. A note of caution is that the bullish trend will probably be slow in next week as all stocks will meet with MA resistance.

SMRT open at 0.61 on Monday, reaching intra day high of 0.73, realistic profit taking price is 0.705, with a handsome profit of 15.5%!

ELSOFT reached intraday high on 1.53 on Friday. Realistic selling price is 1.50. Profit is 17%!

SCICOM price closed at 1.88 on Friday (3 days low healthy volume consolidation), currently on track to reach profit target of 2.00.

MYEG opened at 3.51 gapped up on Monday, closed at 3.75 on Thursday with a profit of 6.8%.

Congratulations for those who traded SMRT, ELSOFT, and MYEG! While patience is needed for SCICOM.

KLSE 2014 Oct20-Oct24 w43 Stocks Focus

This week's stock focus:

                   Entry     Profit Target Stop Loss  Strategy
SMRT        0.59       0.635             0.51           Trend following
ELSOFT    1.28       1.36               1.10           Trend following

SCICOM    1.82      0.56               1.63           Trend following

MYEG        3.46      3.65               3.10           Trend following

As DJIA started to rebound,  I expect next week will be a rebound week for KLSE. The "fundamentally good" stocks such as SMRT, ELSOFT, SCICOM and MYEG are good bets for short term rebound. Happy trading!

KLSE 2014 Oct13-Oct17 w42 Stocks Focus

This week's stock focus:
                   Entry     Profit Target Stop Loss  Strategy
MBSB        2.63      2.89               2.51            Merger happening between CIMB, RHB Cap and MBSB, TP price is 2.89.
IFCAMSC  0.495   0.56               0.435          Trend following
Since DJIA continue its downward spiral, it is better to hold the buying until Wednesday, it is to observed whether US markets have calm down, for a better probability of these stocks will continue their up trend. Happy trading!

KLSE 2014 Oct7-Oct10 w41 Stocks Focus

This week's stock focus:
                   Entry     Profit Target Stop Loss  Strategy
MCLEAN    0.24      2.26               0.200       Bounce off 20 day Moving Average, challenging new high
DNEX         0.335    0.365             0.310       Bounce off 50 day Moving Average
Most of the counters suffered downtrend for more than 1 month now, so  I decided its time to spot for stocks that will technically bounce of Moving Average and with modest returns. Caution is required trading in next week's market as it is still in consolidation mode

KLSE 2014 Sep29-Oct3 Stocks Recap (1)

SCICOM open at 1.94 on Monday, reaching a high of 2.08, but forming a shooting star at the end. Realistic case is to exit on 2.01, with a modest return of 3.6%

SYCAL open at 0.475, but high selling pressure prevailed, forming dark cloud cover pattern. Any chance of going up failed.

KSSC opened at 0.735 and closed at 0.795. Profit target reached with a 8.1% return.

BJCORP opened 2cents higher than previous Friday's close, the plan is to wait for flag formation on Tuesday or Wednesday. So no trade for BJCORP.

Congratulations for those who traded SCICOM and KSSC. Expect next week to be another volatile week in KLSE. Please trade with caution

Market Corrections is Happening

KLCI and all indices across the board (FBMACE, FBM70, FBMSCAP) are on correction mode. Please trade with cautious next week.

Stock Watch w40: CAREPLS

After 1 month, CAREPLS finally break above the strong resistance at 0.42 on Friday with high volume, now trading at 0.435. Technical analysis shows that there are more upside ahead, using previous price rally as reference-new profit taking point is 0.49.

Stock Watch w40: MSPORTS

MSPORTS is currently at a healthy accumulation phase since 11th August, MACD is gradually reaching positive territory and it has high potential to go into distribution phase, with at least 10% upside from TA point of view.

KLSE 2014 Sep29-Oct3 w40 Stocks Focus

This week's stock focus:
                   Entry     Profit Target Stop Loss  Strategy
SCICOM     1.93      2.23               1.77          Ascending Triangle
SYCAL       0.47      0.505             0.435        Flag
KSSC          0.72      0.795             0.675        Flag
BJCORP      0.56      0.62              0.535        Flag

It may take a few weeks for SCICOM to reach profit target, pending on broad market condition

The ideal entry timing for BJCORP will be on Tuesday or Wednesday, after 1-2 days of low volume consolidation, forming a flag pattern before the stock can continue to trend upwards.

KLSE chart show signs of downtrend, caution is required for next week's trading. All the best and Happy Trading!

KLSE 2014 Sep22-Sep26 Stocks Recap (1)

BIG hit an intraday high of 0.93 on 22/9. Eventually form a top on 23/9. Realistic exit case was 0.90, with a profit of 6%.

EFFICEN is in price consolidation, short term recommendation is hold.

IRIS gap up 0.415 on Monday, which was way off entry price, so no game. Eventually the stock retrace back closing just above 20 day MA.

HOMERIZ was gap down opening at 0.875 on Monday. With the adjusted entry price, it finally reached profit target of 0.945 on Friday 26/9, with a 8% profit.

Congratulations for those who profit in BIG and HOMERIZ. Have a nice weekend.

KLSE 2014 Sep15-Sep19 Stocks Recap (2)

CAREPLS just hit intraday high of profit target 0.44 on Friday 26/9 with 10% return! Congratulations for those who are in position.  

KLCI below 200MA for the whole week. Downtrend Confirmed

KLCI traded below 200MA for the week ended 26/9/14. Downtrend is now confirmed. For those retail investors out there please trade with caution next week. The only positive thing is that DJIA traded above the psychological 17,000 on Friday.

KLSE 2014 Sep22-Sep26 w39 Stocks Focus

This week's stock focus:
                   Entry     Profit Target Stop Loss  Strategy
BIG             0.850     0.950            0.78          Momentum
EFFICEN    0.355     0.400            0.305        Momentum
YGL            0.310     0.370            0.260        Ascending Triangle
IRIS            0.40       0.430            0.355        Bounce of resistance
HOMERIZ  0.880     0.950            0.840        Momentum
KLSE is trading at 50MA, caution is required for next week's trading. All the best and Happy Trading!

Invalid Double Top in DJIA

Last week I have shared that candlesticks chart showing double top formation. The formation is invalidated and confirmed on Thursday when it successfully breakout from the strong resistance of 17,140. However, note that candlestick chart showed a shooting star pattern on Friday, we may see some sideway consolidation or even retrace down to the new support of 17,140 before the uptrend continues. Happy trading in stocks! :-)

KLSE 2014 Sep15-Sep19 Stocks Recap (1)

Here is the recap of last week’s stock focus:

YGL opened at entry price of 0.255 on 15/9/14. Then it reach intra day high of 0.325, touching profit taking point of 0.315. Profit % is 23.5%. Congratulations to those in position! :-)

GOODWAY opened at entry price of 0.565 on 15/9/14. Then it reach intra day high of 0.625 at 17/9/2014, touching profit taking point of 0.61. Profit % is 8% . Congratulations on those in position! :-)

CAREPLS is currently on low volume consolidation. It maintains possibility to rebound. Just take note of Stop Loss point.

MUIPROP- Ascending triangle formation still intact, recommendation is to hold.

KLSE 2014 Sep15-Sep19 Stocks Focus

First of all I apologize as I suppose to post this on Sunday, I am posting it today. This week's stocks to watch in KLSE are

                             Entry     Profit Target Stop Loss

GOODWAY         0.565     0.61                 0.525 

MUIPROP           0.425     0.49                 0.360

CAREPLS             0.400     0.440               0.375

YGL                      0.25       0.315                0.210

GBGAQRS-WA   0.655     0.72                  0.590  

All stocks except GBGAQRS-WA showing the indicator of Ascending Triangle and expected to breakout in 1-2 weeks time. If breakout failed. Please remember to cut your losses. GBGAQRS-WA is showing positive signs of breaking the 0.68 resistance, it may need a few days to achieve that where patience is required. Happy Trading!

My First Blog in Blogger

I am Jason Keith, a full time trader. The motivation to start this blog is to share with you my thoughts and ideas for potential trades in the coming week. I would like to share my knowledge with all the traders out there. As a trader, I have been through a steep learning process, and hopefully here my knowledge will be able to help you to in your trading.