Bullish signal - INARI

Jason Technical Reading - Inari 

Found bottom at $3.320 and formed doji on triangle support line on yesterday, today build a litter white candle which is give an early signal of next swing up to test immediate resistance @ $3.43 just around the corner. Successfully break above it likely will visit $3.80. along the path should face resistance at $3.48/$3.66
Traders can take this opp to buy in near support(now) and profit target aiming at $3.58/3.63

Elliot Wave Reading

Wave 4 consolidation and forming ascending triangle, break above $3.43 should bring this stock price visit $3.80, which is wave 5 target.

Immediate support 

1. $3.30
2. $3.25
3. $3.20

Immediate Resistance 

1.$3.43
2.$3.48
3 $3.66

FA Analysis

 

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.

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

JASON's TECHNICAL READING

Stock price found bottom at $0.235 on last few trading days and bullish divergent was exhibited by MACD histogram, Volume was kicked in and prices break above immediate resistance @ $0.250 and correction downtrend trend-line was broken, these are an indication of bear was die off and young bull was born!
I am anticipate it will test immediate resistance and likely will move beyond $0.280 in near term, The target of $0.310 and $0.370 should reach in midterm.
Immediate Support zone at $0.250/$0.235 offer great opportunity to collect! I will scale in(add position) when it break above $0.280.

Elliot Wave count Study.

Short to midterm, obviously completed wave 2 structure which wave c was ended at $0.235 and wave 3 upswing just kick in. Wave 2 structure completion ended or 61.8% ($0.240). Target for wave 3 will be at $0.365/0.435.


Refer to the Elliot wave structure below and it indicate we are just ride on the wave 3 early stage 

Long term is formed diagonal wave 1 in big picture and wave 4 is ended with descending triangle, I am anticipate wave 5 was just kicked in which is heading to target of $0.560

 

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.) $0.235/0.250
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.