PRTASCO: Short Term trend is ready to go up to 1:96 or higher...?

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PRTASCO

source http://protasco.listedcompany.com/news.html/id/398858

Market sentiment and trading strategy.
Given the market sentiment is part of the trading consideration. KLSE is moving toward risk aversion mode... USD and MY currency was hike, commodity is drop and stock also started reversal down...all this is sign of market run out of stem.
Most of the traders now getting caution and stay at the side line and watching the market situation and some still is actively involved in KLSE like me.
in order to make profit and yet able to mitigate risk in loss of capital, one of the strategy frequently used by short term trader is look for correction and with reasonable and technical stop lost...
I had spot a counter which most likely ending short term down trend, which will give me about 10% to 15% upside growth...
Either long, Med or short term trade.. every trade I make to commit my money in have to be screen through Main, Med and short term trend.

Main Trend 
Pls look at the main trend, it is from 2003 till to date, basically we can see the wave count is kind of like a 3, 4 or 5 or W,X,Y, don't too hang up with it as long as we can see the overall big trend and we are in good shape. on the other hand, it also give us a hint when is the med trend we should look in to it.

Med Trend let zoom down to med term trend started on 2009 till to date, we can see the wave 4 is under development and may or may not ended. but I can capture the message base on the wave 4 correction is the existing price drop is correction and most likely wave 5 up trend will come soon. I am looking for the buy opportunity either is rebound or wave 5 start... 

Short Term or entry level

Let Zoom down to short term trend which is started on 24th/Jun/2014 till todate...we can see that is a down trend started with Wave 1,2,3,4 and 5 ended with double bottom and supported by bullish divergence and 200 MA. it show the wave A is confirmed wave B now is ending soon... 

                                                                                                                                          

Below is my trade plan

Buy prices from Rm 1.70 to 1.76

1st Target is 1.95

2nd target is 2.03

3rd target is 2.10

Stop loss is 2 candle close below 1.65

Fundamental Analysis for PRTASCO Group

source http://protasco.listedcompany.com/news.html/id/398858

Source from http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=P&securityCode=5070

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