JASKITA(8648.KL); Ready to go 0.230/0,240 ?

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Technical justification on down trend is ended

1. Downtrend trend line broken with the white solder, this is 1st indication on recent down trend was ended
2. Stochastic cross over is sign of reversal
3. Zoom down to smaller time frame, downtrend trend lime broken with high volume.
4. Recent swing up have double reversal candle(Bullish harmani and dragon fly doji).
5. Price was stay above 200 simple MA(0.190), it is indication of Good support.

Support Resistance

1. 1st support 0.190
2. 2nd support 0.180
3. Resistance zone : 0.210-0.215

1st alternate wave ABC sharp correction trend up

1. Most likely will uptrend and break above 0.210 and heading to 0.235, why ? because this pattern is define as a sharp correction, in which A and C is are trend(sharp move up), and wave B does not retrace more than 61.8% of wave A, this trend is very comman can see in correction pattern. 
2. Target for the wave C is 100% length = Wave A, which is 0.230-0.240

2nd Alternate wave, Extention 1 C

1. this pattern is define as a trend pattern, in which wave 3 is extended, it is most probable trend pattern occurs, wave often wave 1 is equal to wave 5 in prices and time, when 3rd wave is entended.
2. Target price for Wave 3 is 0.25-0.256

Summary

I am go long on this counter as many indication is support this stock mostly will go north 

My trade plan as below

I bough at 0.195.

Early STop Loss : 1 candle close below 0.180

Late STop Loss : 1 Candle close below 0.155

1st TP : 0.230/0.240

2md TP : 0.270/0.285.

FUNDAMENTAL ANALYSIS CLICK HERE

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