KLSE Technical Analysis
SOLUTN (0093.KL) is heading to 0.30/0.315/0.330
Elliott Wave
Many professional traders are using Elliott Wave as a technical tool to identifying financial component direction, who are those traders ? what wave degree there are looking in to ?
Elliot wave have total 13 wave degree, which is from Grand super cycle, super cycle...minor, minutte ... to Lv11 and Lv12.
In stock trading I am mainly focus on the Primary cycle, which is institutional trader level, I trade Forex market even go down to sub minuette (day traders) and Micro( scalper).
Stock Technical Analysis
The chart below daily trend, main trend is Cycle follow by primary wave degree, which is under Institutional investor and Institutional trader radars, This pattern(Primary wave degree is Institutional traders radar) defined as a TREND pattern(DIAGONAL 1/C), Wave 4 and Wave1 will overlap with each otther and all wave hace a CORRECTIVE internal structure, it is very comman happen in wave 5 or wave C.
Personally I bough this stock as it trend appear to be bullish not just on trend line it self, it does uplifted the angle, it means the acceleration and expectation from the investor on positive side of it was increased. It also form uptrend indication in such higher high and lower high
My Trade Plan
Action : I Long/buy,
Type signal : RETRACE, aggressive
Applies to : Jason Wong
Conservative Target :0.300/0.315
Exit Alert :0.2450
Institutional investors Plan
Action : buy, 5 wave degrees uptrend
Type signal : RETRACE, aggressive
Applies to : Institutional investors(cycle)
Conservative Target :0.345
2nd Target :0.520
Exit Alert :0.185
Institutional Trader Trade Plan
Action : buy, 4 wave degrees uptrend
Type signal : RETRACE, aggressive
Applies to : Institutional Trader (Primary)
Conservative Target :0.320
2nd Target :0.380
Exit Alert :0.245
Med Term investor Plan
Action : buy, 3 wave degrees uptrend
Type signal : RETRACE, aggressive
Applies to : Med Term investor(Minor)
Conservative Target :0.300
2nd Target :0.340
Exit Alert :0.245
Future traders Trade Plan
Action : buy, 2 wave degrees uptrend
Type signal : RETRACE, aggressive
Applies to : Future traders(Minute)
Conservative Target :0.295
2nd Target :0.350
Exit Alert :0.245
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 klseTA are solely for education purpose only. They do not represent the opinions of klseTA 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.
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 0 of 0 comments
Post a Comment
Featured Posts
New Update. Discover investment communities that resonate with your ideas
Apps
Top Articles
1
https://dividendguy67.blogspot.com
2
3
4
6
Good Articles to Share
7
Good Articles to Share
Sydney house fire kills three children, police suspect homicide
8
Good Articles to Share
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
No trading signals available.
Stock
Time
Signal
Duration
No trading signals available.
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....
