Stock Screening

Monday, October 27, 2014

IJACOBS (0162): Correction completed and now reversal up was confirm !


Breaking News : Join us in Thousand Likes Gathering and stand a chance to win an IPAD Air, Likes our facebook page and join us as members, you will receive email updates and instant updates in Telegram group.

 CLICKS HERE TO JOIN US AS MEMBER

Weekly trend was very clear and we can see this counter is in extension wave 3, what is extension wave 3 ? This pattern has been define as a TREND pattern in which wave 3 is extended, it is most probable trend pattern to occur as of now.
We can see very often wave 1 length in prices and time is equal to wave 5 if 3rd wave was extended( you can see the magenta color wave degree).
The recent downtrend most likely is ended with the abc correction, which is supported 
1.) Hidden divergent, which is indicated the wave 4 up and uptrend continuous will happen.
2.) Candle stick show hammer and doji+ green candle( last 4 candle), which is morning star, it is a strong indication to tell reversal signature.
3.) Wave 3 volume higher than wave 1, most likely wave 5 is under development right after correction wave ended


Let we zoom down to daily chart, we can see another 3 key points to support this counter will go up .
1.) Bullish divergent was form which is indicate RM 0.38 is bottom.
2) Consolidate 2 weeks and today form a white solder candler and break away from the resistance line 0.415.
3.) MACD signal line cross over and Pareto change form negative to positive, which is indicate the bull trend was just started.

My trade plan
I will buy on open market
Early  SL: 0.415
Late SL : 0.380
Conservative Target 0.520
1st Target : 0.640
2nd Target 0.920

CLICKS HERE TO JOIN US AS MEMBER

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

No comments:

Post a Comment