Monday Jan 24, 2011-- The market is down but there are still trading opportunities..

The market is down by 4.46 recorded at 1542.97 but there are still trading opportunities. There were 258 counters up and 548 counters down.

I ran my explorer on Meta Stock and 5 stocks came to my list, namely IRCB(2127), MPHB(3859), MUIIND(3891）, Dutaland（3948） and Jadi（7223）。

IRCB closed at 0.295. The recent high was on Jan 18, 2011 at 0.34. It came down to Jan 21 of 0.275 and rebound today(Jan 24, 2011)

MPHB closed at 2.35. The recent high was 2.44 on Jan 10, 2011. It came down to a low of 2.26 on Jan 21, 2011. It rebounded today.

MUIIND closed at 0.235. The recent high was recorded at 0.26 on Jan 17, 2011. It dropped to 0.22 of Jan 24(today) before it staged a rebound and closed at 0.235.

Dutaland closed at 0.55. The recent high was recorded at 0.58 on Jan 12, 2011. The candle stick chart showed that it was a bearish doji. It later came down to 0.51 of Jan 24 (today）before staging a rebound.

Jadi closed at 0.265. The recent high was 0.28 on Jan 14, 2011. It slipped to Jan 21, 2011 of 0.24 and came back today(Jan 24, 2011)

Takaso (7071) closed at 0.37. You can see black candle on Jan 19, 2011 but on Jan 21 and 24, you can see white candles showing positive sign. Well...

Redtone (0032) closed at 0.185. Sometime you thought the stock will never come down when it is moving up quite strongly. However, when you jump in and buy, you thought it will continue to fly, it came down.

The recent high of Redtone was recorded at 0.215 on Jan 13, 2011. It just came down to 0.185 on Jan 24( today). Will it rebound? I think so.

Salcon(8567) closed at 0.68. You can see two dojis were formed on Jan 13 and Jan 14. Doji shown after a short run up of the market normally can be categorized as bearish doji. Indeed they were bearish dojis because the stock came down from 0.745(Jan 14) to 0.675 (today).

On Dec 6, 2010, Salcon also came down to 0.675 low but it quickly recovered. Will history repeat itself. What do you think? The essence of technical analysis is history will repeat itself. Well, show me again.

Wednesday News(Jan 19, 2011)達加富資源（TAKASO，7071，主板消費組）幾時飆升？

達加富資源（TAKASO，7071，主板消費組）幾時飆升？

從過去經驗看，此股的爆發力是隨時都會發生的，它會在你認為不可能的情況下發生。

《孫子兵法》有一句聽其疾如風，它來的時及走的時候，都是這麼迅速。

目前是處在《不動如山》，《其靜如林》的狀態。這也正是你收集的時候，因為當《其疾如風》、《侵掠如火》的時候，它已經飆升。

去年即2010年1月8日，其低點是0.22，但在第三個交易日時，它已經升至1.00的高點，那是1月12日的事了。當時升幅78仙，後來就逐漸滑下。

10月1日，歷史又重演，當天低點是0.355，但在第四個交易天，即10月7日，就升至0.63頂點，當時升幅0.275。
之後，它又跌至11月3日的0.335水平，第二天，即11月4日，它又升至0.42，升幅0.085。

12月6日，達加富資源（TAKASO）滑至0.32，後在12個交易日內，升至0.585，升幅26仙。

14日相對強弱指數（RSI）掛50.16，箭頭向上。

1月17日，它以0.38收市，當天最高0.385，最低0.375，成交量有39萬3500股。成交量顯示它是有機會的。

1月18日，星期二，隨著富時綜指的下跌，此股的0.375開出，中午收市掛0.365，成交量做到15萬股，一天應有30萬股，這樣的成交量還不會把此股推高，還要等。

實康（SALCON，8567，主板貿服組）1月17日的14日RSI掛54.64，當天收市價是0.725，黑色蠟燭，即風高浪大線，這是在2個十字星（DOJI）之後，此股也是隨時會飆升，日前仍在收集票據。

實康1月18日以0.725開出，中午閉市掛0.72，做到91萬6900股。

1月19日下午4時19分，此股挂0.695, 破0.70,準備持票，怕它會先下之後才會傷。

杜甫科技的高點是去年7月14日的0.59。

1月17日，它以0.445收市，只要可以沖破0.485，就可以向0.59進軍，杜甫科技以0.445開出，今日中午，即1月18日閉市時掛0.435。

立通國際（REDTONE，0032，創業板貿服組）升至1月13日的0.215後滑下，1月17日掛0.20，它之前的低點是0.18，最理想的買入點是0.185，但可以買到嗎？其2010高點是9月17日的0.25。

立通國際週二以0.195開出，午休時亦掛0.195。

目前出現在Meta Stock投資搜查軟件所發現的股項還有華安國際（HUAAN，2739，主板工業組），阿末查基資源（AZRB，7078，主板建築），華陽（HUAYANG，5062，主板產業組）及富達置地（DUTALND，3948，主板種植組）。
今天的熱門股有今天上市的(TAMBUN,5191,主板產業)其它值得注意的是錦記鋼鐵（KINSTEL，5060，主板工業），馬頓（MALTON，6181，主板產業）。

Jan 18, 2011--KLCI dropped 4.45(1570.04) and the volume is also coming down

At 5:00 pm, KLCI is down by 4.45 (1570.04) and the volume is also coming down.

Can we still trade? If we are trading the momentum of the market, we need to side line ourselves. If we are trading for the swing of the market, you still need to watch the market and enter at the right moment.

I am still monitoring Takaso( 7071). I notice on Jan 8, 2010, it was at the low of 0.22 but suddenly in just three trading day, it moved to 1.00, up by 78 cents.

Later on it came down. Oct 1, 2010, the history repeated itself. It moved from 0.355 to 0.63 just within 4 trading days, up 0.275.

On Nov 3, 2010, it started the show from 0.335 and the next day it reached 0.42, not so fantastic but you still can make some money.

Dec 6, 2010, it has slid to 0.325, however within 12 trading days, it moved to 0.585, up 26 cents.

Today(Jan 18, 2011), it opened at 0.375 but in the evening near closing, it slid to the low of 0.355 because of the force-selling. It closed at 0.36. 484,500 shares transacted today. Yesterday's volume was 393,500 shares.

Salcon(8567) was also hit by forceselling. It closed at 0.71. From today's trading pattern, I can see there are people accumulating the stock. Normally, if the market accumulated enough of this stock, it will just move.

Redtone(0032) closed at 0.19. It came down because Gpacket(0082) also came down. Gpacket closed at 0.79, some profit taking activities was taking place.

When the market sentiment is good, Redtone might just moved.

Muiind(3891) closed at 0.24. This morning, it opened at 0.25 and went up to 0.26 but later it ran out of steam and came down. Since Muiind is negotiating the sale of Mui Continental Insurance with Liberty, the stock should move.

Kinstel(5060) performs quite well today. It closed at 0.97. Meta stock explorer picked up Huaan(2739), AZRB(7078), Huayang(5062) and Dutaland(3948). Will write about them later.

Jan 17, 2011(Monday)Market is still at lower liners, Kub(6874), Saag(9652), Hwgb(9601), Tebrau(1589)

Market is still at lower liners, Kub(6874), Saag(9652), Hwgb(9601), Tebrau(1589)

At 4:18pm, KLCI is up 2.66 recorded at 1572.55. Hong Kong is down 130.50 recorded at 24162.15.

I need to check some of the stocks that I am monitoring.

Kinstel(5060) is 0.95. It seems that there is one stockbroking wrote about this stock and recommended a buy. It said the target price is 1.20.

It seems that MUIind(3891) has secured green light from Bank Negara to negotiate the selling of MUI Continental Insurance's stake (52.21%) to American based company Liberty. It was recorded at 0.22 on Jan 13, 2011 but jump to 0.255.

I missed the Friday show and was thinking of jumping in but it has heavy volume. At 4:30pm, it is recorded at 0.245, the low was 0.24. Will it come down? It is difficult to say although there is this negotiation going on. Anybody wanted to buy still need to take a risk.

Salcon(8567)'s price range is between 0.72 to 0.735. When I was looking at it during the weekend, the stock closed at 0.725 showing a doji on Jan 14. A day before, that is on Jan 13, there is another doji.

When the price is at a low level, doji is bullish signal. I notice in the past the stock will just fly after doji signals are shown. That happened on Nov 15, 2010 which pushed the price to 0.89.

History will repeat itself. That is the principle of technical analysis. It will move. When it will move is another question. It is always the right timing.

Takaso(7071) is priced at 0.38 at 4.44pm. Last year, the stock has the habit of sudden surge. There were three such occasions, that is on Jan 12 to 1.00, Oct 7, 0.63 and Dec 22, 0.585.

The high is getting lower. Could the next high be 0.485?

Redtone(0032) seems to move in tandem with Gpacket(0082). Redtone is at 0.20 at 4.57pm whereas Gpacket is 0.815. Gpacker might consolidate before it takes off.

Friday(Jan 14, 2011)Market is correcting today, can we still trade?

At the point of writing, it is 3:49 pm, the marketing is correcting. Can we still buy or rather can we still trade?

Trading is about buy low and sell high. This is in the stock market. If you can sell short, you can sell high and buy low.

Tebrau(1589) was 99 sen this morning, now it is 0.92. Market is always fluctuating.

Jaks moved to 82 this morning and later came down, still positive. It is priced at 0.795 at 3:53pm

PChem(5183) is priced at 6.14.

I was watching GPacket(0082). This stock jumped up yesterday. Today it came down
to 0.80. I was thinking of buying yesterday because it is in my explorer list. However, I thought it it might come down because of the quick jump. True enough, this morning, it came down to as low as 80 cents. I thought it might break the 80 cents level, but it did not. It just came back at 3:48pm recorded a price of 0.835.
Well, we have to think fast and act fast.

Look at the greenpacket chart, there is a doji yesterday. This is a bearish sign, no wonder today came down.


If I were to buy 20,000 at 80 cents and sell it at 0.835, I would have made RM 459.00, just half a day's work.

Salcon(8567) came back to my explorer's list. I saw a doji for yesterday's chart formation. To me, this stock will perform soon. At 4:12pm, it is priced at 0.72. Today's price range is from 0.72 to 0.745, most are done at 0.73. If this stock continued to move, it will challenge the 0.89 price level.

Ynhprop(3158) has moved to 1.84. At 4:15pm, it is priced at 1.82.

Dufu(7233) is trying to break the resistance price of 0.455 but did not manage. Maybe later, maybe Monday. Price takes time to move.

Takaso(7071) is also trying to break 0.39 resistance but came back to 0.38 because the overall market sentiment is no good.

Redtone(0032) is still in the consolidating stage. It might move next week.

Thursday(Jan 13, 2011)--Market is still at the lower liners

The market is still concentrating on the lower liners. Look at today top 10 counters， namely Kbunai(3115),Compugt(5037),Daya(0091),Bornoil(7036),Saag(9652),
Tebrau(1589),Scomi(7158),HWGB(9601),Ramunia(7206)and Mixbiz(9733).

Kbunai, Daya, Bornoil, Tebrau, Scomi, HWGB and Ramunia came into my explorer list.

Explorer is a important feature in Meta Stock where you need to spend a few minutes to scan thru 2000 counters and pick up potential stocks. It is just amazing. However, you need to put in proper formulae.

I don't like stock that are too hot. I am still watching Salcon(8567), Ynhprop(3158),Redtone(0032), Takaso(7071.

I put Dufu(7233) back in to my watch list because it came out in the 6 day moving average explorer's list.

At 12:12pm, Salcon is price at 0.725. It dropped to 0.715 and came back to 0.73 at one time. I think someone is watching this stock because there were a lot of buyers at 0.715 which is a strong support.

Takaso was quite cold this morning. At 12:20 pm, it is priced at 0.375. It came back to my 6 day moving average list today. Yesterday candle stick chart showed white candle, bullish sign. 14 day RSI also turned up recorded at 47.82.

Someone is still collecting at this level.

Ynhprop is priced at 1.79 at 12:30pm. Someone is playing this stock because there were heavy trading at 10:16 am. It seems to me that some players are doing a roll over at 1.70, 1.71, 1.72 and 1.73.

You need to trade this stock or you need to buy and keep and wait for the right price to dispose. It is your choice.

Redtone is priced at 0.21 at 12:30pm. All the penny stocks are moving. This one may be next in line.

Redtone's recent high was 0.24 at Nov 4, 2010. After 38 trading days of correction, it started to show a reversal sign on Jan 3, 2011.

If you were to buy 100,000 shares at 0.21 and sell at 0.22, you could make RM 684.10 or if you hold a little longer to wait for the 0.24 to appear, you could make RM 2669.50. Can you take this risk? Think of the risk first, don't think of the gain.

Dufu is priced at 0.45 at 12:30pm. Today's low is 0.44 and the high is 0.455. It might challenged the high of 0.485 achieved on Nov 8, 2010.

14 day RSI is recorded at 62.49 and is still heading upwards yesterday.

Wednesday(Jan 12, 2011) Trade the stock you feel comfortable

Today is still on penny stocks. Oil and gas counters also moved. I think if you want to make money, you don't have to go into heavy volume stocks because a lot of time, they are in the phase of distributing.

Salcon (8567) came into my watch list because my 6-day moving average chart captured it. Yesterday it was positive but today it went into consolidation. Look at the day chart, seems to me someone is collecting.

At 3.31pm, it is price at 0.725.

The counters in my watch list moved. I am just getting exciting.

Takaso(7071) is attempting to pull itself out of consolidation. It is priced at 0.375 at 3.33pm

Ynhprop(3158) shows positive sign. I am right again. It is priced at 1.75 at 3.33pm. It was 1.77 a little while ago.

I keep watching. If all my prediction can just come true, I have the key to open up the door of wealth.

If one counter you can made 100 ringgit, 10 counters will be 1000 ringgit. If one day you can make 1000 ringgit, 1 month you will be able to make 20,000 ringgit. Cool...

Redtone(0032) is in consolidating phase. It is priced at 0.195 at 4.05pm. In view of the fact that most of the penny stocks are moving, Redtone might be next in line because I saw white candle appeared yesterday and gravestone doji on Jan 7 and Jan 10 signaling bullish future.