Figure 1 weekly chart and is forming Double Zig Zag C, this pattern has been defined as a sharp corrective pattern, which is 2 Zigzags are connected by X wave, which does not more than 61% of wave A,B and C combined, it is common corrective pattern, it look very much like impulse wave
1.) Target for Wave Y is Rm 1.65
2.) Target for Wave C is Rm 1.15
3.) Target for Wac C is Rm 1.10
4.) Target for wave c is Rm 1.10
1st key point is rectangle box is indicated stock under consolidation/accumulation, after that it have a great move up.
2nd key point is the ascending triangle formation, it is typical consolidation formation. it will have great move up right after the consolidation ended.
I am anticipate it will breakaway from RM 0.960 and heading to Psychology resistance of Rm1:00, if prices stay above RM 1:00 it will heading to RM1:20/1:31/1:45/1:65
My profit target near the resistance level which is RM1:20/1:31/1:45/1:65
Any weakness will provide opportunity to collect in near the support area at RM0.915-0.935
I will cut my position if Rm 0.865 break
After Target hit, I will apply trailing stop to protect my profit and capital
More detail and complete Analysis pls refer to
Or
Created by mwong3 | Nov 21, 2020
Created by mwong3 | Nov 18, 2020
Created by mwong3 | Nov 18, 2020
ykinvestor
looks like the Bornoil-WB warrant a much better buy
2015-02-09 12:27