EG Industries Bhd Declared Superbull Run!!! Weekly trend breakaway and heading to $1.00/$1.15/$1.39 !!!

Executive Summary

Prices was breakaway from the weekly resistance at $0.780 and  stay above it in 3 consecutive weeks,  this is an evident wave 3 formation was confirm ! most likely price will heading to target of $1.00/$1.15/$1.39 near future. Daily chart is showed wave 3 development in progress which is heading to target of $0.910/$0.950 and possible of $1.00. I do anticipate daily chart triangle breakout just around the corner !!! which will bring the price toward target of $0.930/$1.00.

My trading plan:

I bought in EG on Friday because 4 consecutive(weekly+daily) positive wave degree is showed uptrend, I am anticipate daily pattern will break pennant formation to the target of $1.00/$1.15/$1.39, I will locking partial profit, apply trailing stop and trading along the target and support resistance line. My final target is $1.39. Any weakness toward $0.800/$0.790 is offer me buying opportunity. I will cut loss if price drop below $0.740

Technical Justification

Elliot wave : Weekly Chart formed 2 consecutive wave 3, it was confirm break away from the wave 2 flat formation, this is very bullish implication was wave 3 is most strongest and longer uptrend in Elliott wave theory,

Wave 2 flat formation

Daily Chart :I discover two alternate wave most likely will happen !!
1st Alternate is wave 3 development is ongoing, target is $0.910.

2nd Alternate count is extended wave 5, internal structure is wave 2 correction end and wave 3 kick start, once price go beyond $0.855, extended wave 5 is confirmed wave3 confirmation, target us $1.13

Chart Pattern trading

Daily chart is formed triangle break above 0.835 will break price move to $0.930/ $1.00

Support Resistance

Immediate support is $0.800 and strong support at $0.790/$0.745.
Immediate Resistance at $0.840/$0.890/$0.90/$1.00/$1.20.


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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.

ESCERAM: Contracting triangle breakout !!! heading to test $0.550/$0.570/$0.600/$0.650

Executive Summary.
Price with volume breakout on 27th of Oct '15 which was an indication of buying interest increased, but profit taking was take place on following day, it was enable correction kick in and most likely ended on 11/Nov/15. New uptrend(wave 3/3/5/3/3) were developed and start on 12/Nov/15, which is break away from triangle formation, I am anticipate likely it should test strong resistance at $0.550, break above it will bring price to  $0.570/$0.600/$0.650  and possible of $0.780. Immediate support is at $0.475/$0.445. I will take the loss if prices close below $0.475 because it is 1st indication of weakness. Prices close below $0.445 need reassessment  on the wave count.

Technical Justification
Elliot wave
Wave 3/3/5/3/3 is overall wave structure, the mail wave degree is Wave 5/3/3 which is showed at the technical chat below and the target for the wave structure is ($0.500/$0.600)/ ($0.780/$0.570)/ $0.650.

Let unfold the smaller wave degree wave 3/3/5/3/3, it is wave 3 of 3  in the wave 5 internal wave structure .

Chart Pattern
Triangle formation breakout just happen and it should heading to the $0.610

I did Wave count on Escream March this year pls check the link at below
http://klse.i3investor.com/blogs/KLSETA/72970.jsp

KLSE Technical Analysis Stock Forum

Jason has launched KLSE Technical Analysis on Telegram Channel as an avenue to disseminate stock & financial markets news; Technical analysis and give members real time update on my trade plan. KLSE Technical Analysis on Telegram Channel will also ease my burden from multiple postings to numerous chatting groups on Telegram, All the groups will remain & continue to be chatting groups as they are now.
To JOIN you need to install telegram either on your mobile phone or desktop.
Aniways Messenger can’t access Telegram Channel. Click the link below to join.
Click the link below to join the KLSE Technical Analysis on Telegram Channel
https://telegram.me/KLSETA

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.

HOMERIZ: Insitutional investors/ Long term investors/ Institutional traders is on the boat !!!

Executive Summary

Wave 4/2 correction down was ended and bottom found at $1,07, it was validated by hidden bullish divergent decouple with RSI/Stochastic swing up at 50 and below 20 level respectively, Last week Wednesday/Thursday Wave 1(Minute/Minuette wave degree) was kick in with optimize volume, it is an indication of Position/Future trader were on board, Friday profit taking kick in which developed wave 2 correction and I anticipate wave 3/5 will kick in very soon move the stock $1.22/1.28/$1.43. I will collect more stock on weakness near immediate support at $1.12/$1.09 . I will lock partial profit and apply trailing stop along the resistance line at $1.19/$1.23. My Stop loss is Close below $1,07.


Elliot Wave

Institutional Investors
This is a very positive signal! Now even 5 consecutive wave degrees show a clear POSITIVE trend, as well as a positive EASI, which indicates that the target has not yet been reached. More and more wave degrees showing a positive trend increases the probability of strong acceleration!
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 degrees. The target of the Intermediate wave degree, which is in wave 2, is the most conservative target to reach at 1.42 or percentagewise 25.7%

Long term investors
This is a very positive signal!  Now even 5 consecutive wave degrees show a clear POSITIVE trend, as well as a positive EASI, which indicates that the target has not yet been reached. More and more wave degrees showing a positive trend increases the probability of strong acceleration!
This signal applies to long term investors for price moves of possibly 30% or more, since Primary, Intermediate and Minor Wave degrees are all up. The most certain price target is the target of the Minor wave degree, which is in wave 2, at 1.39 or percentagewise 23.8%.
Normally also the target of the next wave degree could be reached at 1.42, which is in wave 2

Institutional Traders.
This is a very positive signal!  Now even 5 consecutive wave degrees show a clear POSITIVE trend, as well as a positive EASI, which indicates that the target has not yet been reached. More and more wave degrees showing a positive trend increases the probability of strong acceleration!

A price move of  in general 10% or more is indicated, depending on how far the price move has progressed already, which is interesting to institutional traders.
From Intermediate to Minute Wave degrees the trends are all up. Most likely the target of the Minute wave degree, which is in wave 2, will be reached at 1.22 or percentagewise 8.00%.
Normally also the target of the next wave degree could be reached at 1.39, which is in wave 2.

I am typical retail trader and I ask myself after look at the Elliot wave count !!! What are you waiting for? by looking at the chart I will take advantage of the upswing to trade along the way up.

Action                             :I buy, 5 wave degrees uptrend
Type signal                     : BREAK OUT, Conservative
Applies to                       : Institutional investors
Conservative Target       :1.68
2nd Target                      :1.85
Wave degree (1st)           :Cycle
Wave                               :3
Wave degree (2nd)          :Primary
Wave                               :3
Late Exit Alert  :0.85
Earlier Exit Alert  :0.85

Action                             :I buy, 5(!) wave degrees uptrend
Type signal                     : RETRACE, aggressive
Applies to                       : Long term investors
Conservative Target       :1.4212
2nd Target                      :1.6879
Wave degree (1st)          :Primary
Wave                              :3
Wave degree (2nd)         :Intermediate
Wave                               :2
Late Exit Alert                :0.85
Earlier Exit Alert            :1.00

Action                             : Long/buy, 5(!) wave degrees uptrend
Type signal                     : RETRACE, agressive
Applies to                       : Institutional traders
Conservative Target       :1.39
2nd Target                      :1.42
Wave degree (1st)          :Intermediate
Wave                              :2
Wave degree (2nd)        :Minor
Wave                              :2
Late Exit Alert  :1.00
Earlier Exit Alert  :1.07

Above stop loss is apply to end of days candle close below the Exit Alert.

Technical Indicator

1. Substantial volume kick in to start wave 1, it is early sign of uptrend
2.RSI swing up above 50% and Strong bull trend continuality signal
3.MACD golden cross about to happen and it is signal of trend reversal
4.Stochastic cross up below 20% is very bullish reversal up
5.Hidden trend continuous bullish divergent to indicate bottom been found and upward will continue bull ran

KLSE Technical Analysis Stock Forum

Jason has launched KLSE Technical Analysis on Telegram Channel as an avenue to disseminate stock & financial markets news; Technical analysis and give members real time update on my trade plan. KLSE Technical Analysis on Telegram Channel will also ease my burden from multiple postings to numerous chatting groups on Telegram, All the groups will remain & continue to be chatting groups as they are now.
To JOIN you need to install telegram either on your mobile phone or desktop.
Aniways Messenger can’t access Telegram Channel. Click the link below to join.
Click the link below to join the KLSE Technical Analysis on Telegram Channel
https://telegram.me/KLSETA

Regards
Jason Wong

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.

Priva: Bullish signal were showed ! It is good time to buy up ???

Executive summary
This is a very positive signal! What are you waiting for? Now even 5 consecutive wave degrees show a clear POSITIVE trend, which indicates that the target has not yet been reached. More and more wave degrees showing a positive trend increases the probability of strong acceleration!

This signal applies to long term investors for price moves of possibly 30% or more, since Primary, Intermediate and Minor Wave degrees are all up. The most certain price target is the target of the Minor wave degree, which is in wave 3, at 0.3005 or percentage wise 7.3%.
Normally also the target of the next wave degree could be reached at 0.320/0.350, which is in wave 3.

Chart Pattern trading is showed  invert head and shoulder is forming and price was gap up and i anticipate it will creeping about to the neckline at $0.300, break above the neck line will bring price to target of $0.350

Below is trade set up and trading plan apply to various type of investor/traders for my own reference

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.