Dsonic ready for next Swing Up to 1.80/1.90/2.10 ?

Breaking News : 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

In order for to know the overall big trend analysis, you may check out the previous sharing on DSONIC while the stock price at RM 1.51 on 16th of OCT'2014  CLICK HERE FOR PASS ANALYSIS

Dsonic  hit ours very consecutive Target which is RM 1.73 on 29th of Oct'2014, what is next move for DSONIC ? it is a very excited question to everyone of us...

Daily Chart: Wave 3 Heading to Rm 1.93 
Let we take a look in to the daily chart, the reversal up signature is coming out,
1.) We can see candle stick was showed Hammer, it is a early signal to trader,  the potential reversal most likely  happen(detail refer below explain)
2.) The recent spike up to RM 1,73 does show the MACD convergent, it is an indication of trend continue .
3.) Look to the bigger trend, we are in early stage of Wave 3 of 3 of 3, and it is a very bullish signature and may take some effort to identified, when the trend significant showed wave 3 of 3 of 3 , the profit margin will low.  CLICK HERE FOR MOJOR TREND.

1 Hour chart: Wave 5 is Heading to 1.80/1.85
Let we zoom it down to the 1 hours chart, we can see an wave correction wave down with a, b, s was ended and should revesal up and heading to 1.80/1.90, which is technically supported by
1. Bullish divergent on MACD
2. Couple of dragon fly doji decouple with the long white solder candle
3. Prices stopped at the supported zone from RM 1.62-1.64.

CLICKS HERE FOR FUNDAMENTAL ANALYSIS

My Trade Plan

Early Stop loss : 1 day candle close below 1.540
Late Stop loss : 1 candle close below 1.440
Uptrend Invalidate : 1 candle close below 1.30.

Consecutive Target 1.80.
1st Target : 1.90
2nd Target : 2.10


Candle stick Reference

A hammer is a type of bullish reversal candlestick pattern, made up of just one candle, found in price charts of financial assets. The candle looks like a hammer, as it has a long lower wick and a short body at the top of the candlestick with little or no upper wick. In order for a candle to be a valid hammer most traders say the lower wick must be two times greater than the size of the body portion of the candle, and the body of the candle must be at the upper end of the trading range.

When you see the hammer form in a downtrend this is a sign of a potential reversal in the market as the long lower wick represents a period of trading where the sellers were initially in control but the buyers were able to reverse that control and drive prices back up to close near the high for the day, thus the short body at the top of the candle.

\   

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

f