Eforce is just moving up !!! time to catch the train ?

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Executive Summary (E FORCE)

Big white candle formed with sufficient volume to kick start bull ran on today,I am anticipating price most likely will continue to go up and heading to target prices of $0.730/$0.795, we should faced resistance along the path to the target, there are $0.680/$0.705.
The technical judgment I make are supported by my personal assessment, which is base on the pass history results. I will explain it at under technical justification.

My Trade Plan

I will stop loss if prices go below $0.600.
If that is weakness happen I will collect it at $ 0.610.
I will lock partial profit along the resistance point and full profit on my target.
I will apply trailing stop after pass the resistance price.

Technical Justification( Bullish Implication ).

1st alternate Elliott wave; we are in B expanded triangle correction wave, we unfold to smaller wave degree which is wave c end and wave d bull ran just kick in and heading to $0.730.

2nd alternate Elliott wave; we are in Flat pattern, just complete wave 2 and wave 3 uptrend just kick start and heading to $0.795.

Today T4 force selling is over and all the contrarian(on 26/jun) were ease off , this will give way to Eforce move up

Stock characteristics optimization trigger buy, pass history data show 69 % is profitable
(42 profit/19 loss)

Candle formed big while soldiers with sufficient good volume, it is good indication bull ran is kick start and high possibility next two day will close green.

Technical Bread

Flat

Description

Flats are very common forms of corrective patterns, which generally show a sideways direction. Waves A and B of the Flat are both corrective patterns. Wave C on the contrary is an impulsive pattern. Normally wave C will not go beyond the end of wave A.

Rules and guidelines 

• It is composed of 3 waves. 

• Wave C is an impulse, wave A and B are corrective. 

• Wave B retraces more then 61.8% of A. 

• Wave B often shows a complete retracement to the end of the previous impulse wave.

• Wave C shouldn’t go beyond the end of A.

• Normally wave C is at least equal to A

Big white Candle 

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:

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