JIANKUN (8923) : Let Ride Wave 5 together !!!

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Excited !!! why ? look at the weekly chart below and you know why am I so excited !!! stage 1 accumulation period about 2 years and it just breakout away from RM 0.50, tested resistance zone 0.75/0.76 and rejected, after rest for two weeks time and last week white solder candler appear  with with substantial trading volume done, seem like to break the resistance line 0.75 is a real deal  !!!

Weekly trend picture 1

Weekly trend picture 2

Technical Justification :Resistance Zone will break (0.75/0.76)

1. 2 years long stage 1 accumulation!!! The longest of stock accumulation /consolidation period ,the stiffer of the stock will move up, because duration of stage 1 accumulation will greatly influence stage 2 move up, just imagine a 2 years sleeping dragon been awake and it is really hungry and how aggressive it will go to  hunting for food ?
2. Resistance line of 0.50 broken  and confirm stage 2 up is started, 0.50 now become support and price was pull back and retested by 2 red candle, it prove the breakout is REAL and 0.50 become support now !!!. 
3. Last week a white solder candle was formed with substantial trading volume, This is seem like they are come for real... to break this 0.75/0.76 resistance zone, it like Hero used his dragon sword to kill a chicken !!!
4. Stochastic just cross over 
5. MACD Bullish divergent and hidden divergent show real bullish implication,which trend continue for swing up will continue.
6. Once resistance zone break next target price should heading to 0.93/0.95/1.03.

Daily Trend

Technical justification: Prices heading break 0.750/0.760 and heading to 0.93/0.95/1.03.

1. MACD bullish convergent and trend continue divergent have bullish implication the trend will continue to move beyond 0.75/0.76.
2. Friday form a white solder and break out away from  Symmetrical triangle. 
3. MACD pareto bar just turn from negative topositive.
4. Stochastic move above 50, it is implication of bullish.
5. Wave ended!!! wave 5 engine Kick start to go up !!!

MY Trade Plan

Early stop loss : I candle close below 0.60

Late stop loss : 1 candle closee below 0.50

Very consecutive target : 0.75

1st Target : 0.93/0.95

2nd Target : 1.03

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