Executive’s Summary
Penta was breakaway from contracting triangle and heading to $0.870 and along the path, it should face next at resistance $0.775/ 0.815, Very high possibility smart money will use push through supply method (gap Up) to breach immediate resistance at $0.745, this action carry very strong evident that the price is being mark up to the target of 0.870 or higher.
Jason’s Trade Plan
Early Stop loss < $0.700
Late Stop loss < $ 0.620
Partial Profit taking take place at.1st: $0.775
2nd $0.815
3rd #0.870
I will apply trailing Stop after target hit.
Technical Justification on Bullish
1.
Correction Wave 4 was ended on 6/16/2015, which is
completed Wave a,b,c,d,e contracting triangle.
2.
Impulse wave 5 was kick in on 6/19/2015 and breakaway from
contracting triangle , at the same time smaller impulse wave 3 develop on the
action , it was carry very bullish implication.
3. MACD golden cross over, Strong evident showed it
is profitable is we just used this indicator and data show 70% success rate.
4.
Substantial Volume to support big candle
breakout, very bullish implication.
5.
KLSE CI loss in tremendous point but Penta
holding strong in correction wave. Once KLSE CI pick up, pass history data suggested
most likely this stock will have rally up.
Fundamental’s Justification on bullish.
1.
Environment scan who are riding this stock
a.
Matrix cool( supper trader)
b.
Fred Tam ( Malaysia TA pioneer) fredtam6@gmail.com
c.
Ooi Teik bee( FA guru) otbstocks88@gmail.com
d.
Cold eye ( most famous investor in Malaysia)
e.
TCB stock watch http://tcb-sifs.blogspot.com/?m=1
f.
Elliot wave Rider Jason Wong.
2.
Critical Fundamental Analysis By TB Ooi (Pls Subscribe
his service as he did pretty good job on FA, Pls email him otbstocks88@gmail.com )
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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