Stock Screening

Monday, March 30, 2015

I bough Eduspec(0107.KL) !!! Time to go up now ?

Elliott Wave Count 
In nutshell, Eduspec is in bullish wave implication base on Elliott Wave formation, I am pretty confident this stock is under "big boy" radar as the wave count on cycle is wave 5 and retracement is under intermediate, minute and minor wave count is under wave 3, which will attract med term and position trader in to the game !!!

I bough this stock at RM 0.345 and below is the target of various professional/traders/investor preferable target and stop loss point base on Fibo extension and retracement for my reference

Action                       : Long/buy 4 wave degrees uptrend
Type signal   : Breakout, consevertive 
Applies to     : Institutional investors
Conservative Target  : 0.400
2nd Target : 0.575
Wave degree (1st) : Primary (Wave 5)
Exit Alert                  : <0.22

Action                        : Long/buy 3 wave degrees uptrend
Type signal   : RETRACE, agressive
Applies to                  : long term investors
Conservative Target  : 0.390
2nd Target : 0.550
Wave degree (1st) : Intermediate ( Wave 2 ending and wave 3 start)
Exit Alert                  : <0.320.

Action                       : Long/buy 3 wave degrees uptrend
Type signal   : RETRACE, aggressive
Applies to     : Med term investors/Position traders
Conservative Target : 0.515
2nd Target : 0.725
Wave degree (1st) : Minor/Minute ( Wave 2 ending and wave 3 start)
Exit Alert                : <0.320

Action                      : Long/buy 
Type signal   : Combine all
Applies to     : KLSE TA
Very conservative Target: 0.380
Conservative Target: 0.390
2nd Target : 0.415
Wave degree (1st) : Minor/Minute ( Wave 2 ending and wave 3 start)
Exit Alert                : <0.320

Note: you may observed the Target for longer term price is lower than shorter term, that is because of the longer term investors/tradesr purchase prices is lower with the fibo extension calculation.

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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