Thursday, March 19, 2015

ESCERAM (0100.KL) Under institutional investors Radar !!!

Elliott Wave Count


This is a very long term signal for institutional investors since it starts with the Cycle wave degree followed by the primary and Intermediate wave degree target is RM 0.435
The Target of the Intermediate wave degree(Long Term investor), which is in wave 3 is RM 0.375
The Target of the Minor wave degree(Med Term Investor), which is in wave 3 is RM 0.330
The Target of the Minute/Minuette degree(position traders and future trader),
which is wave 3 and the most conservative target to reach is RM 0.305.

That is 4 consecutive wave degree pointing to go up and it were carry a very bullish implication, given the correction was started last couple day ago, and T4 is on 18/3 which was forces sell day, it offer an opportunity for me to collect it. I take this trade at the price near support at  RM 0.265/0.255. I am anticipate the price will be halted above 0.265/270, at this zone demand will taking over and price will go up, once price reach 0.290 it should accelerating up to RM0.330.

 My Trade plan on ES Ceramics Technology

Action             : I Long/buy, 4 wave degrees uptrend
Type signal     : BREAK OUT,conservative
Applies to        : Institutional investors
Conservative Target       :$0.330
2nd Target                      :$0.370
Late Exit Alert      :$0.230
Earlier Exit Alert  :$0.245
Key support at      :$0.265/0.255.

Trading Challenge
Many people committed to buy stock is very easy, when come to profit taking and cut loss is one of the most difficult part in trading world, talking about profit taking is dealing with greed and stop loss is dealing with fear, cutting loss is a must in trading world because it stopping my capital continue to loss, in order to stay alive in trading world... it is a must !!! it is not an option, else I suggest you get out of the trading and you are not suitable.
I wanted to used simple example to share on the cut loss ... you bought an egg and prepare to used it for fry rice, some how you notice/suspect the eggs you pick was/may turn bad.... the question now is shall out throw/scrap the bad one and pick another .... or nevermind bet or hope the suspicious "bad" egg will be good and risk the good rice which is ready to cook ? you make the call... I am believed in order to win I got to know how to prevent I am loss in the market... if I notice I am wrong... I got to admit and cut the loss and make a next move.


As a reminder for myself
I am always remind myself If the trend is go again me and violated my SL limit, I will cut loss base on the risk preference.
Stop Loss is painful process because I making loss, but it is necessary to take it, it is very important because it protect my capital to ensure I am stay in the market.

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.
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