Systech Bhd heading to $0.420/$0.445/$0.470

Elliot wave count

This is a very positive signal! 5 consecutive wave degrees show a clear POSITIVE trending up, as well as a positive Risk to reward ratio, which indicates that the target has not yet been reached.

This signal applies to long/Med term investors for the medium term 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 0.425 or percentage wise 16.74%.
Normally also the target of the next wave degree could be reached at 0.445, which is in wave 3.

For Future and Position traders, Wave 4 consolidation is ending/ended on last week Friday, most likely support at $0.360/0.355 were hold strong, this signature was appear on last Friday( double spinning top happen on retracement ) , I am anticipate it will try to break immediate strong resistance at $0.395 near soon. after $0.395 breach it will heading to 0.420/0.445/0.475

My trade Plan

I bought this stock at $0.365/0.370, My profit target is $0.420/0.445, I will lock partial profit if price halted at $ 0.395.
My Stop loss < $ 0.355.

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.