Wednesday, September 3, 2014

What is the next move for KPS ??? Hold ? Buy ? or Sell ?


KPS traded and closed at 1.79 and touch 1.80 on the dot!!! I did share the 1st key point to look at is 1.80, it is a luck  or Elliot wave count credit ?

Previous update http://klseelwavetrading.blogspot.com/2014/08/kps-how-to-protect-your-profit-and.html


You may have answer in you mind ...I sold 30% of my stock at 1.78 and which is done on afternoon


The next question I had is what should I do next ? sell ?  hold or buy more!!! look at the H1 chart we can see the wave count .. the wave 3 stop at the 1.80 and close at 1.79...


We have 3 scenario ...
 1st is the price will pull back to prices 1.72 and 1.68 which is fibo 23.6% and 38.2% , this is typical impulse wave type 1. I will buy back my  30% lots which I disposed this morning and ride the wave 5 push up till 1.92.
2nd scenario is the stock will shot up all the way to 1.92... this is most happy path for many early birds who were in...
the 3rd scenarios is back to my entry point and I need to reassess again the trend... this is very rare to happen... happy trading


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