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.