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. 

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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.

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