BTM Resource Bhd: It is ready to test $0.310 and moving upswing to $0.365/$0.485.

JASON's TECHNICAL READING

Stock price gap down 2 pips on 9th of Sept'16 which was posted a bearish implication, it drove price down further on following two days to fibo Retracement level at 50%, bottom seem to be found at this level at $0.250 because of stock traded side way and I also observed buying interests were back. I am anticipating prices likely will move up and fill the gap at $0.285, which is posting bullish implication. I believed it should test $0.310 in near term and moving upswing to $0.365/$0.485 in med term.
Immediate Support zone at $0.245 to $0.250, this zone offer opportunity to own this stock, I will collect more if weakness drive stock prices toward this level. Next support is $0.225/$0.220. I belived  traders or investors will pay attention in to it.

Elliot Wave count Study.

Obviously forming wave 2 structure and prepare wave 3 upswing. Wave 2 structure completion indication high probability happen at fibo level 50% or 61.8% , which is $0.255 and $0.240 respectively.
Prices move beyond $0.310 will be confirmation on wave 3, Target for wave 3 will be at $0.365/0.435

4 stages Market trading

Just enter in to stage 2 which is mark up stages, I believed many investor or trader would not like to miss the early stage of prices moving up.

Target
1.) $0.310
2.) $0.365
3.)$0.485

Resistance
1.) $0.285
2.) $0.300-0.310(zone)
3.)$0.375.
4.)$0.405-0.420(zone)

Support
1.) $0.240-0.250
2.) $0.225/0.220
3.)$0.200

Stop Loss

- Trader or investor may select own risk level to stop loss base on the  Support line I posted above. typical stop loss method is end of day close below the support level. 


KLSE Technical Analysis in FB
The best avenue to get KLSE Technical Analysis education and trading Idea, Pls follow the 4 steps to enroll for it ! Free Of Charge.

1. Search KLSE Technical analysis in Facebook .

2. Like Us.

3. To ensure you not miss any update,Pls change “IN YOUR NEWS FEED” setting from defaults to See Fist .

4. To ensure you get instant alert when we release new article, Pls change “NOTIFICATION” setting from All off  to all on  

Those who already like this page. pls follow the step 3 and 4, so that you will get real time update from us and not miss out any important news and trading idea

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.

Century: Prepared to Break $1.14 and heading to Med term target of $1.35/$1.65.

JASON's TECHNICAL READING

Stock prices spike up with volume on 7th/Sept/2016 and break immediate strong resistance $0.925/$0.950 respectively and close the gap which was build on last year August. this is one of the signal of bull ran may just kicked in, the bull ran signature were exhibited in such higher high and higher low was formed.
Immediate support found at $0.920 and next support showed on $0.860/$0.800 which is offer opportunity for investor to collect if any correction further.

Elliot Wave Count Study

It demonstrated Three consecutive wave 3 pointing to uptrend, which is offer very good probability of the stock will move up further,  the target for 1st wave 3 is $1.12/$1.33 and the 2nd and 3rd wave 3 target is $1.65/$2.35.


Retail traders can take opp to ride the wave 3 in short term target $1.12 and Med term investors can aim $1.25/$1.35

Market Makers may see some pressure on $0.965-$0.975. once those seller get rid off, it should have smooth sailing to test $1.12. Break $1.15 will make new high!!! sky is limit !!!

Key Support
$0.920/$0.860/$0.800/$0.750

Key Resistance
$1.05/$1.15

Target
Short Term Target
$1.12/$1.25

Med Term Target
$1.33/$1.65

 Long Term Target
$2,35

Stop Loss - Trader or investor may select own risk level to stop loss base on the  resistance line I posted. which is $0.860/$0.800/$0.750. typical stop loss method is end of day close below the support level. 

KLSE Technical Analysis in FB
The best avenue to get KLSE Technical Analysis education and trading Idea, Pls follow the 4 steps to enroll for it ! Free Of Charge.

1. Search KLSE Technical analysis in Facebook .

2. Like Us.

3. To ensure you not miss any update,Pls change “IN YOUR NEWS FEED” setting from defaults to See Fist .

4. To ensure you get instant alert when we release new article, Pls change “NOTIFICATION” setting from All off  to all on  

Those who already like this page. pls follow the step 3 and 4, so that you will get real time update from us and not miss out any important news and trading idea

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.

ANN JOO Resource Heading to Med Term Target of $2.40/$3.00

Jason's Technical Reading 

Stock price gap up on 16th/Aug/16 which was driven by good quarter results, It's open high at $1.85 but ending with bearish black candle and closed at $1.70 with ultra high volume. these signal posted me either is buying climax or selling sizzling ? I am anticipating is selling sizzling because it was supported by the seller exhaustion signal, likely bull ran will resume very soon.

Immediate support found at $1.65 right after the gap was filled between $1.64-$1.70. It is exhibited evident of strong support characteristic, price was rejected twice while bear attempted to break it. I am foresee buyer willing to buy more if prices back to the support zone.

I am foresee stock price likely will test and break immediate resistance at $1.88 due to the fact of  recent prices movement steady climbing up and showed strong buying interest.

Elliot wave count study.

It demonstrated two consecutive wave degree pointing to uptrend, which is primary and intermediate wave degree(wave 3 and 5 respectively). The target of primary wave(Institutional traders) is $2.05/$3.20  and Intermediate wave(Long Term Investors) is $2.40/4.45.
Retail traders can take the advantage of the ride and pay attention to the key resistance line.

Target 

1.)$2.05
2.)$2.65
3.)$3.20

Key Resistance Line

1.)$2.06
2.)$2.25
3.)$2.64(Key)
4.)$3.00
5.)$3.25

Support Line

1.)1.70
2.)1.65
3.)1.45(key resistance)

Overhang Trading Zone 

1.)$2.05- $2.25
2.)$3.00- $3.25

These zone will post selling pressure to Market makers who want to move this stock higher, pay attention on it

Stop Loss

- Trader or investor may select own risk level to stop loss base on the  resistance line I posted. which is $1.70/$1.65/$1.45. typical stop loss method is end of day close below the support level. 



KLSE Technical Analysis in FB
The best avenue to get KLSE Technical Analysis education and trading Idea, Pls follow the 4 steps to enroll for it ! Free Of Charge.

1. Search KLSE Technical analysis in Facebook .

2. Like Us.

3. To ensure you not miss any update,Pls change “IN YOUR NEWS FEED” setting from defaults to See Fist .

4. To ensure you get instant alert when we release new article, Pls change “NOTIFICATION” setting from All off  to all on  

Those who already like this page. pls follow the step 3 and 4, so that you will get real time update from us and not miss out any important news and trading idea

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.