Elliott Wave
Weekly Chart
Weekly Trend below showed breakout away from $1.50 om 30/March and formed a wave 3 (Cycle wave degree), I pretty confident this prices action was pulling institutional attention, the longest and strongest uptrend wave degree in Elliott wave theory.Up to date we had 4 weeks prices is stay above $1.50, prices minor draw back at $1.65 which is Fibo extension. it is healthy profit taking take place, I am anticipated profit taking is over on last week, pls look at the daily chart on last week, price slowly correction down with low volume.I am anticipated it break above 1.65 to uncharted Territory, next target for Institutional investors are $2.03/2.65
Daily chart
Daily chart, There is multiple uptrend( Wave 3 in cycle). it is very good sign of extended wave 3/5 was formed, it is attracting Institutional traders, Long/Med Term investors and future trader on it. As it will invite more player in it, it should build more and more uptrend momentum prices should accelerated very fast.
Below is various type of trade/investment plan for my reference.
Institutional investors investment planAction : Long/buy, 6 wave degrees uptrend
Type signal : BREAK OUT,conservative
Applies to : Institutional investors
Conservative Target : 2.03
2nd Target : 2.65
Wave degree :Cycle( Wave 3)
Late Exit Alert :1.2500
Earlier Exit Alert :1.5000[trading]
Institutional traders trade plan
Action : Long/buy, 5 wave degrees uptrend
Type signal : BREAK OUT,conservative
Applies to : Institutional traders
Conservative Target :1.98
2nd Target :2.95
Wave degree (1st) :Primary(wave 5)
Late Exit Alert :1.5000
Earlier Exit Alert :1.5000[trading]
Long Term investors Investment plan
Action :Long/buy, 5 Wave degrees uptrend
Type signal : BREAK OUT,conservative
Applies to : Long Term investors
Conservative Target :1.80
2nd Target :1.95
Wave degree (1st) :Intermediate(wave 3)
Late Exit Alert :1.5000
Earlier Exit Alert :1.5000
Med/Position traders/Future traders trade plan
Action :Long/buy, 5 Wave degrees uptrend
Type signal : BREAK OUT,conservative
Applies to : Med/Position traders/Future traders
Conservative Target :1.72
2nd Target :1.91
Wave degree (1st) :Minor
Wave :3
Late Exit Alert :1.5000
Earlier Exit Alert :1.5000
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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.
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.
CLICKS HERE FOR INFO TO JOIN AS Y-PREMIUM MEMBER
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:
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.
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.
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.
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