KLSE Technical Analysis
ESCERAM (0100.KL) Under institutional investors Radar ?
Elliott Wave Count
This is a very long term signal for institutional investors since it starts with the Cycle wave degree followed by the primary and Intermediate wave degree target is RM 0.435
The Target of the Intermediate wave degree(Long Term investor), which is in wave 3 is RM 0.375
The Target of the Minor wave degree(Med Term Investor), which is in wave 3 is RM 0.330
The Target of the Minute/Minuette degree(position traders and future trader),
which is wave 3 and the most conservative target to reach is RM 0.305.
That is 4 consecutive wave degree pointing to go up and it were carry a very bullish implication, given the correction was started last couple day ago, and T4 is on 18/3 which was forces sell day, it offer an opportunity for me to collect it. I take this trade at the price near support at RM 0.265/0.255. I am anticipate the price will be halted above 0.265/270, at this zone demand will taking over and price will go up, once price reach RM0.290 it should accelerating up to RM0.330.
My Trade plan on ES Ceramics Technology
Action : I Long/buy, 4 wave degrees uptrend
Type signal : BREAK OUT,conservative
Applies to : Institutional investors
Conservative Target :0.330
2nd Target :0.370
Late Exit Alert :0.230
Earlier Exit Alert :0.245
Key support at 0.265/0.255.
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
Market Buzz
More articles on KLSE Technical Analysis
Nov 20th : Market Report on Vivocom. Close $1.74 with volume 68.24m.
Created by mwong3 | Nov 21, 2020
Nov 18th : Market Report on Vivocom. Close $1.86 with volume 33.4m.
Created by mwong3 | Nov 18, 2020
Nov 18th :Morning Session Vivocom cosed $1.83 with volume of 23.1M.
Created by mwong3 | Nov 18, 2020
Discussions
Be the first to like this. Showing 18 of 18 comments
Lextcs... I am waiting to take more ... 0.270/0.265 will be like a black hole, ppls will absort what ever seller offload... just waiting it to go up
2015-03-19 15:27
Hey mwong3 thanks for your sharp analysis about Wintoni and I make some profit. regarding the Esceram 1st posting, I would like to thank for your stock pick. I also make profit. hope this time buy on retracement will workout also.
2015-03-19 15:30
there's a block seller there..my last entry price was 255/26 ...had a decent return of 15-20%
2015-03-19 15:31
let the directors exhaust their selling first...im sure they have plenty of it.
2015-03-19 17:06
ever since its initial IPO days this icecream fella have the disease of bashing down its share price ...think he is catching the long positions.
2015-03-19 17:12
Naturally this stock will go up!!! because the up swing momentum is there and it is pulling many investor ot trader in to this ride. let see how it fprs Lextcs
2015-03-19 18:28
OMG ! its coming back from bank source !!! today 0.3 !!! someone is coming back to buy
2015-03-20 12:13
Speculator is right !!! I did received email from RHB intuitional researcher study about this stock, target from him is 0.315/0.330
2015-03-20 14:59
Oil Price Crash.
Erratic Market
1. pworth
2. cme
3. glotec
4. tms
5. xinghe
have faith.
kikikiiiiii
2015-03-21 14:13
mwong3, very impress about yours analysis... I hear ppls wanted to fry up >0.40
2015-03-26 12:41
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
1
Good Articles to Share
2
3
Mercury Securities Research
4
Koon Yew Yin's Blog
5
BFM Podcast
6
BFM Podcast
7
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
lextcs
u r rite...t4 yesterday and today...there was a false flag on 17th @ 305 ...im looking fwd to buy again at lower levels..
2015-03-19 15:06