Watchlist for 29 May 2014

1. Gadang
2. KNM
3. LBALUM

KNM 27th May 2014

Close price is above MA20

COMCORP - watching it closely

2 June 2014

MMODE on 26 May 2015

Watching SEALINK on 23 May 2014

Still above MA20
R1 - 0.58
S1 - 0.445
S2 - 0.43

RSI and Stochastic in overbought area. Volume slowing down. Will wait and when reaches below MA20 to check for volume and other technical conditions.

30 May 2014

SONA on 23 May 2014

Sona heading to 20 MA
S1 - 0.445
S2 - 0.43
R1 - 0.58
Stochastic and RSI is at overbought

MPAY - Trading Info for my Personal use

• MPAY - 24.5.2014
• S2 - 0.265
• S1 - 0.305
• R1 - 0.34
• R2 - 0.385
• Chaikin Money Flow - Still positive
• MACD Volume increasing gradually
• Volume is still low 
• Stochastic at 80%
• RSI reaching 70%
• Consolidation mode
• MPAY - 26.5.2014
• RSI and Stocastic at overbought
• price cutting 20MA below (so wait till reach support level)
• S2 - 0.23
• S1 - 0.265
• R1 - 0.32
• R2 - 0.34

SYCAL

Will it break the Resistance?

21 May 2014

22 May 2014

26 May 2014

SCICOM short term pullback

Scicom will experience short term pull back because

Mid April to mid May:
Share: Higher low to Higher high
Macd: Higher high to Higher low

And Stochastic is in overbought territory

SKP purely in correction mode

WA SEONG possible to move up

WA SEONG is possible to move up soon because,

From end of April to mid May
Share price: From Higher High to Higher Low,
MACD : From Higher Low to Higher High

MMSV at 2014-05-09 half day progress

At 11 am. MMSV is at oversold at MACD and stochastic, and trending up.
R1 = 0.235
R2 = 0.24

If break R2, then the next short term TP is 0.28

BJCORP goin up

On 2nd May, BJCORP had a small Gravestone doji and the next day, BJCORP indicates a doji at oversold area. BJCORP can be bought now. In addition to that MACD is showing a reversal signal too.

ASIA PAC will fall further

Based on the charts, ASIAPAC will faill further because doji is formed at overbought area on 29th April, following with a small hammer on the next day. Support level is at 0.25

SKPETRO

Today is May 3rd 2014. And I have been holding SKPETRO-CQ for a week. Why? 

Lets see the parent share:

At the moment, there is no proper candlestick patterns that is telling it a buy call. But SKPetro is in oversold territory. I am not saying this is a best price, but generally buying at oversold territory is considered a good practice. Furthermore, since APRIL 14 2014, EPF is accumulating the shares. EPF always trade in SKP, and i noticed, whenever EPF starts to accumulate the shares, then sooner or later, the share  price will increase. So I bought SKPETRO-CQ at 10 sens for 100000 unit of shares. SKPETRO-CQ is maturing in mid July 2014. So im hoping for some action in May and June.  

The Beginning of Johnny Doji

I am starting this blog, just to keep track of my analysis and findings somewhere. In the past, whenever I find some information, il save it somewhere, and would not remember it after sometime. Once the share price goes up, and I would miss to buy it at the right moment.

At the moment, my main trading techniques are:

a) Japanese candlesticks
b) Stochastic
c) MACD

And I always use the strategy, buy low and sell at higher price. In addition to that, I am also consider to be a volatile/risk trader, which sometimes I have failed too.

Lets see how it goes

johnny doji