Stock in Bullish
It is not a buy call and just for FYI
Wednesday, December 30, 2015
Tuesday, December 29, 2015
London Biscuts Bhd(7066) Bullish signature Was Showed
Executive Summary
Uptrend formation clearly showed and we can find an evident of the formation of high, higher high and low, higher low. On top of that, RSI, MACD and Stoch show bullish bias. Immediate support was found at the recent round bottom formation at $0.810/$0.815, I am looking in to collecting this stock near the immediate support if see weakness. because I am anticipating this stock likely to test $0.885/$0.910, Successfully break above it will move stock to $1.00/1.07. I will stop loss if end of day close $0.785.
Technical Justification- Bullish Bias
Triangle breakout- Correction change to uptrend
Uptrend Channel
Technical Indicator
Elliot Wave
If you have any question: pls email me at klseta88@gmail.com
Trading Challenge
Many people committed to buy stock is very easy, when come to profit taking and cut loss is one of the most difficult part in trading world, talking about profit taking is dealing with greed and stop loss is dealing with fear, cutting loss is a must in trading world because it stopping my capital continue to loss, in order to stay alive in trading world... it is a must !!! it is not an option, else I suggest you get out of the trading and you are not suitable.
I wanted to used simple example to share on the cut loss ... you bought an egg and prepare to used it for fry rice, some how you notice/suspect the eggs you pick was/may turn bad.... the question now is shall out throw/scrap the bad one and pick another .... or nevermind bet or hope the suspicious "bad" egg will be good and risk the good rice which is ready to cook ? you make the call... I am believed in order to win I got to know how to prevent I am loss in the market... if I notice I am wrong... I got to admit and cut the loss and make a next move.
As a reminder for myself
I am always remind myself If the trend is go again me and violated my SL limit, I will cut loss base on the risk preference.
Stop Loss is painful process because I making loss, but it is necessary to take it, it is very important because it protect my capital to ensure I am stay in the market.
DISCLAIMER:
Stock analysis and comments presented on klseelwavetrading.blogspot.com are solely for education purpose only. They do not represent the opinions of klseelwavetrading.blogspot.com on whether to buy, sell or hold shares of a particular stock.
Investors should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. Various factors, including personal or corporate ownership, may influence or factor into an expert's stock analysis or opinion.
All investors are advised to conduct their own independent research into individual stocks before making a purchase decision. In addition, investors are advised that past stock performance is no guarantee of future price appreciation.
Sunday, December 20, 2015
Symlife(1538): Now is good price level to chip in !!! Expect to reach $0.910/$1.00
Executive Summary
It's immediate support was found at $0.755/$0.750( the statement was supported by long lower shadow doji/hammer formation) and bottom was found at $0.690. I am anticipating prices going move up to target of $0.900/$1.00 very soon as results of Symmetrical Triangle pattern may breakout away from $0.820 and heading to test $0.845. A break above $0.845 it is out of its long term consolidation to start stage 2 of the new cycle(4 stages Market analysis), in this case, Elliott wave 3 kicked in which is the longest and strongest wave and heading to target of $1.00. I will scale in more when the breakout happen and price go beyond $0.845. Any weakness toward $0.750 is offer opportunity to collect ! I will Stop loss if price go below $0.740( end of Day).SYMLIFE NTA is $2.12
Current prices us $0.820 and I believed it is good deal to bought a property worth $2.12 !!
Technical Justification
Left hand side(LHS)/Right Hand Side(RHS) Trading
It is one of the trading Methodology I used to spot market reversal up trend, refer to the chart above, we can see the commonality and characteristic of this counter trend change from LHS(down trend) to RHS (uptrend) will happen after it break the Tom Demark trend-line. I am making conclusion recent LHS(downtrend) was ended and bottom was found at $0.690 and LHS(uptrend) was kick in, target of the LHS is range from $1.25/$1.35.
Elliott Wave Trading
Weekly trend, the worse is over and major correction on wave 2 was ended with double Zig Zag (WXYXZ) and bottom was found at $0.690( on Sept/30/2015). New wave cycle was started and wave 1 reach $0.845(Nov/09/2015) follow by wave 2 correction and immediate support found at $0.755/$0.750( the statement was supported by long lower shadow doji/hammer formation). we are riding on initial stage of wave 3 and it heading to $1.00.
Chart Pattern Trading.
It has formed a Symmetrical Triangle pattern which usually followed by a continuation of its preceding trend, which for the case of Symlife is UP.It is now trading inside its Triangle from $0.76 to $0.82.The recent consolidation is with reduced volume, which is very healthy.I anticipate it will try to breakout from $0.82( downtrend resistance of the Triangle) to $0.845. A break above $0.845 it is out of its long term consolidation to start stage 2 of the new cycle, which is very bullish and carry an estimated target of $1.00 if resistance of $0.90 can be taken out. Stop Loss if $0.76 is violated that mean it break down from the Triangle which turns bearish.( Analysis from Matrixcool).
Indicator Analysis
2.) MACD golden cross above 0, it is indicate bull trend is resume after consolidation.
3.) Stochastic Oscillator signal line cross and indicate uptrend is coming.
Candle stick analysis
Immediate support found at $0.755/$0.750, the statement was supported by long lower shadow doji/hammer formation.
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Trading Challenge
Many people committed to buy stock is very easy, when come to profit taking and cut loss is one of the most difficult part in trading world, talking about profit taking is dealing with greed and stop loss is dealing with fear, cutting loss is a must in trading world because it stopping my capital continue to loss, in order to stay alive in trading world... it is a must !!! it is not an option, else I suggest you get out of the trading and you are not suitable.
I wanted to used simple example to share on the cut loss ... you bought an egg and prepare to used it for fry rice, some how you notice/suspect the eggs you pick was/may turn bad.... the question now is shall out throw/scrap the bad one and pick another .... or nevermind bet or hope the suspicious "bad" egg will be good and risk the good rice which is ready to cook ? you make the call... I am believed in order to win I got to know how to prevent I am loss in the market... if I notice I am wrong... I got to admit and cut the loss and make a next move.
As a reminder for myself
I am always remind myself If the trend is go again me and violated my SL limit, I will cut loss base on the risk preference.
Stop Loss is painful process because I making loss, but it is necessary to take it, it is very important because it protect my capital to ensure I am stay in the market.
DISCLAIMER:
Stock analysis and comments presented on klseelwavetrading.blogspot.com are solely for education purpose only. They do not represent the opinions of klseelwavetrading.blogspot.com on whether to buy, sell or hold shares of a particular stock.
Investors should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. Various factors, including personal or corporate ownership, may influence or factor into an expert's stock analysis or opinion.
All investors are advised to conduct their own independent research into individual stocks before making a purchase decision. In addition, investors are advised that past stock performance is no guarantee of future price appreciation.
Thursday, December 17, 2015
It is the time to demonstrate Bull Power !!! Yong Tai bhd heading to $0.870/$0.970/$1.07
Executive summary
Corrective wave 4 was ended and bottom was found at $0.630, this was validated by recent rally when price reach $0.795. Right after that, corrective wave take place ad price down to $0.710 which was formed inverted right shoulder bottom, 3 green candles rally were build complete inverted head and shoulder on today(12/17/15) !!! ! It is a strong evident of extended wave 5 is under development and I am anticipating it should test $0.800 soon !!! breakaway from $0.795 will build and confirm Elliott wave 3(immediate wave count) kick in and heading to $0.875/$0.970/$1.17. Along the way to the target, we should face resistance of 0.830/$0.880/$1.00.I will lock partial profit and apply trailing stop along the resistance line. my Stop loss is $<0.700( end of day)
Technical justification:
Wave 3 of 3 of 3 is on going
Extended wave 5 kick in
KLSE Technical Analysis Stock Forum
Jason has launched KLSE Technical Analysis on Telegram Channel as an avenue to disseminate stock & financial markets news; Technical analysis and give members real time update on my trade plan. KLSE Technical Analysis on Telegram Channel will also ease my burden from multiple postings to numerous chatting groups on Telegram, All the groups will remain & continue to be chatting groups as they are now.
To JOIN you need to install telegram either on your mobile phone or desktop.
Aniways Messenger can’t access Telegram Channel. Click the link below to join.
Click the link below to join the KLSE Technical Analysis on Telegram Channel
https://telegram.me/KLSETA
Trading Challenge
Many people committed to buy stock is very easy, when come to profit taking and cut loss is one of the most difficult part in trading world, talking about profit taking is dealing with greed and stop loss is dealing with fear, cutting loss is a must in trading world because it stopping my capital continue to loss, in order to stay alive in trading world... it is a must !!! it is not an option, else I suggest you get out of the trading and you are not suitable.
I wanted to used simple example to share on the cut loss ... you bought an egg and prepare to used it for fry rice, some how you notice/suspect the eggs you pick was/may turn bad.... the question now is shall out throw/scrap the bad one and pick another .... or nevermind bet or hope the suspicious "bad" egg will be good and risk the good rice which is ready to cook ? you make the call... I am believed in order to win I got to know how to prevent I am loss in the market... if I notice I am wrong... I got to admit and cut the loss and make a next move.
As a reminder for myself
I am always remind myself If the trend is go again me and violated my SL limit, I will cut loss base on the risk preference.
Stop Loss is painful process because I making loss, but it is necessary to take it, it is very important because it protect my capital to ensure I am stay in the market.
DISCLAIMER:
Stock analysis and comments presented on klseelwavetrading.blogspot.com are solely for education purpose only. They do not represent the opinions of klseelwavetrading.blogspot.com on whether to buy, sell or hold shares of a particular stock.
Investors should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. Various factors, including personal or corporate ownership, may influence or factor into an expert's stock analysis or opinion.
All investors are advised to conduct their own independent research into individual stocks before making a purchase decision. In addition, investors are advised that past stock performance is no guarantee of future price appreciation.
Wednesday, December 16, 2015
Sedania: 3rd try to break downtrend line !!!
Executive summary
Sedania: 3rd attempt to break downtrend trend line since 2nd of DEC, today close right at the downtrend trend line at $0.430, I am anticipate it should breakaway and test next resistance line at $0.445/$0.470/$0.495/$0.520. my stop loss is below $0.365
Jason has launched KLSE Technical Analysis on Telegram Channel as an avenue to disseminate stock & financial markets news; Technical analysis and give members real time update on my trade plan. KLSE Technical Analysis on Telegram Channel will also ease my burden from multiple postings to numerous chatting groups on Telegram, All the groups will remain & continue to be chatting groups as they are now.
To JOIN you need to install telegram either on your mobile phone or desktop.
Aniways Messenger can’t access Telegram Channel. Click the link below to join.
Click the link below to join the KLSE Technical Analysis on Telegram Channel
https://telegram.me/KLSETA
Trading Challenge
Many people committed to buy stock is very easy, when come to profit taking and cut loss is one of the most difficult part in trading world, talking about profit taking is dealing with greed and stop loss is dealing with fear, cutting loss is a must in trading world because it stopping my capital continue to loss, in order to stay alive in trading world... it is a must !!! it is not an option, else I suggest you get out of the trading and you are not suitable.
I wanted to used simple example to share on the cut loss ... you bought an egg and prepare to used it for fry rice, some how you notice/suspect the eggs you pick was/may turn bad.... the question now is shall out throw/scrap the bad one and pick another .... or nevermind bet or hope the suspicious "bad" egg will be good and risk the good rice which is ready to cook ? you make the call... I am believed in order to win I got to know how to prevent I am loss in the market... if I notice I am wrong... I got to admit and cut the loss and make a next move.
As a reminder for myself
I am always remind myself If the trend is go again me and violated my SL limit, I will cut loss base on the risk preference.
Stop Loss is painful process because I making loss, but it is necessary to take it, it is very important because it protect my capital to ensure I am stay in the market.
DISCLAIMER:
Stock analysis and comments presented on klseelwavetrading.blogspot.com are solely for education purpose only. They do not represent the opinions of klseelwavetrading.blogspot.com on whether to buy, sell or hold shares of a particular stock.
Investors should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. Various factors, including personal or corporate ownership, may influence or factor into an expert's stock analysis or opinion.
All investors are advised to conduct their own independent research into individual stocks before making a purchase decision. In addition, investors are advised that past stock performance is no guarantee of future price appreciation.
Tuesday, December 15, 2015
KTC : Fundamental Outlook
Kim Teck
Cheong Consolidated Berhad (KTC)
KTC was
recently listed in ACE market in second half of November 2015. The IPO price
was 15 sen.
Prospects
·
Embarking
major expansion in Sabah, Sarawak and Brunei with the intention to list in main
board in 2 years timeframe, expansions include expanding warehouse facilities
in Sabah, Sarawak and Brunei and purchasing 3 new bakery production line.
·
In FYE
30th June 2015 sales into Sarawak account for mere 4.51%, combining
the expanded warehouse and relatively untapped market, Sarawak will be the key
driver to KTC’s increase in sales revenue and profitability.
·
Most
of the expansion will materialize in FH of 2016, therefore contribution from
the expansion likely will only contribute in June 2016 onwards.
·
Projected
revenue and gross profit from the expansion are expected to increase KTC
revenue to RM400m - RM450m by FYE 30th June 2017 base on the
following :-
o
New
warehouse facility in Kota Kinabalu will increase around 38% of its current
capacity in Kota Kinabalu.
o
Larger
warehouse facilities in Sarawak, (Miri, Sibu & Kuching) will increase
around 77% its current capacity.
o
Adding
3 new production lines to manufacture new bakery products with the expected
capacity of 40,000 pieces per day will double its current production and
effectively doubling revenue as well.
·
Basis
14% gross profit margin, RM400m – RM450m revenue will yield RM56m to RM63m
gross profit margin while its profit after tax will be in the region of RM12m –
RM13.5m.
Monday, December 7, 2015
EITA Resource Bhd: New high is on the way of making !!!
Executive Summary
Double bottom formed and immediate bottom was found at $1.10 in weekly chart, three white solders break neckline at $1.35 on this week and heading to test $1.55, break away from it will form wave 3 which is most strongest and longest uptrend wave in Elliot wave Theory. I am anticipate likely it will test $1.65/$1.74/$2.00/$2.35.My Trading plan
I am trade and also invest in this stock.My stop loss for trading position is is <$1.35
My stop loss for investment position is <1.10.
I will lock profit and apply trailing stop along the $1.65/$1.74/$2.00/$2.35.
KLSE Technical Analysis Stock Forum
I has launched KLSE Technical Analysis on Telegram Channel as an avenue to disseminate stock & financial markets news; Technical analysis and give members real time update on my trade plan. KLSE Technical Analysis on Telegram Channel will also ease my burden from multiple postings to numerous chatting groups on Telegram, All the groups will remain & continue to be chatting groups as they are now.
To JOIN you need to install telegram either on your mobile phone or desktop.
Aniways Messenger can’t access Telegram Channel. Click the link below to join.
Click the link below to join the KLSE Technical Analysis on Telegram Channel
https://telegram.me/KLSETA
Trading Challenge
Many people committed to buy stock is very easy, when come to profit taking and cut loss is one of the most difficult part in trading world, talking about profit taking is dealing with greed and stop loss is dealing with fear, cutting loss is a must in trading world because it stopping my capital continue to loss, in order to stay alive in trading world... it is a must !!! it is not an option, else I suggest you get out of the trading and you are not suitable.
I wanted to used simple example to share on the cut loss ... you bought an egg and prepare to used it for fry rice, some how you notice/suspect the eggs you pick was/may turn bad.... the question now is shall out throw/scrap the bad one and pick another .... or nevermind bet or hope the suspicious "bad" egg will be good and risk the good rice which is ready to cook ? you make the call... I am believed in order to win I got to know how to prevent I am loss in the market... if I notice I am wrong... I got to admit and cut the loss and make a next move.
As a reminder for myself
I am always remind myself If the trend is go again me and violated my SL limit, I will cut loss base on the risk preference.
Stop Loss is painful process because I making loss, but it is necessary to take it, it is very important because it protect my capital to ensure I am stay in the market.
DISCLAIMER:
Stock analysis and comments presented on klseelwavetrading.blogspot.com are solely for education purpose only. They do not represent the opinions of klseelwavetrading.blogspot.com on whether to buy, sell or hold shares of a particular stock.
Investors should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. Various factors, including personal or corporate ownership, may influence or factor into an expert's stock analysis or opinion.
All investors are advised to conduct their own independent research into individual stocks before making a purchase decision. In addition, investors are advised that past stock performance is no guarantee of future price appreciation.
Tuesday, December 1, 2015
EG (8907) – DEEPER INTO THE NUMBERS
Due to the numerous queries on EG’s latest Quarterly Report (QR) with some expressing concern over its latest results, we thought we address some of the concerns here.
EG’s latest QR registered a 1.45% drop in its revenue over the corresponding 2015 QR report with a 31% drop in Profit before tax. It does paint an under performance result for the company that is disappointing. However, a quick glean over its Annual Report for the financial year of 2015 revealed that there was a spike in EBITDA and Profit Before Tax suggesting an extraordinary source of income. Dissecting further into its financial results, we can see that there were more than meets the eye.
EG did highlight the cause of this drop under note B1 in the Notes to the Interim Financial Report. There was a gain on disposal of other investments of RM6.7m in Q1 of 2015. This is an extraordinary gain that projected a big decrease in profits before tax when we compare Q1 2015 to Q1 2016, i.e. from RM7.76m to the current RM5.34m. When we remove this extraordinary gain from the equation, EG’s results painted a very different landscape.
Net Profit Before Tax:
Q1 2015 (‘000) = RM7,759
Q1 2016 (‘000) = RM5,338
Profits Decreased by 31%
Net Profit Before Tax after removing the extraordinary gains:
Q1 2015 (‘000) = RM1,059
Q1 2016 (‘000) = RM5,338
Profits Increased by 404%, an approximate growth of 5 times
To highlight the growth trend of EG, the company took the extra effort in comparing the Q1 2015 to the preceding Q4 2015 and we can see that there was a healthy growth in both Revenue and Profits before Tax of 25.5% and 30.5% respectively.
This is a very impressive performance during challenging times against a backdrop of a fluid volatile environment, politically and economically, both internally and externally.
Historically, EG has been registering an average basic EPS of 2.68 sen from 2011 to 2014 before the EPS spike in 2015 of 35.39 sen. The EPS in the just released QR of 6.56 sen was calculated based on its shareholding base of 76.8m, before accounting for its rights issue. Re-calculating its basic EPS after adjusting for its enlarged shareholding base of 192m would yield an EPS of 2.6 sen.
This means that EG is maintaining its average EPS of pre 2015. It has embarked on growth strategies to enhance its bottom line by changing its product mix to increase revenue contributions from its box build segment. The box build segment moves EG up the value chain which implicitly enhances its profits margin. Thus, its successful contract for new orders for box-build products worth RM150m announced yesterday augurs well for the company and reinforces the company’s direction and growth path. It is also testimony to the good management and foresight of the company.
It is also worth noting the entrance of 2 key shareholders in 2015 into the top 10 list of the largest shareholders in EG, namely Mr Koon Yew Yin and Mr Fong Siling aka Coldeye. Investors are well aware that the presence of these key shareholders indirectly is a vote of confidence into the future of the company.
All in all, EG is well on track in its growth strategies and the future of the company looks bright. Its successful transition of up scaling in the value chain would potentially improve its future profit margins. So, to our members who were concerned about the fundamentals of the company, we believe that EG remains a good stock with no deterioration in its financial standing.
From a TA perspective, its uptrend remains intact although it did show some short term weakness. It currently enjoys good support at 0.81/0.82 with an immediate resistance at 0.88.
Source: Jay from TCB