KLSE Technical Analysis

SENDAI (5205) Correction is ended, next swing up to $0.865/$0.90/$0.95.

mwong3
Publish date: Fri, 27 Mar 2015, 12:02 PM

Elliot Wave Count

The chart below is show 4 consecutive waves degree suggesting the stock is going up with strong up swing momentum, I am just draw out 3 wave degree to make the chart easy to read.
 
The main trend is primary degree, which will pulling institutional traders attention, follow by minor is med term investor and last is minute position trader. I like this trade is have 3 reasons.
  1. 3 consecutive waves degree is pointing to north is wave 3 breakout, it is most profitable trade and strongest and longest trend in Elliott wave theory, if trend is work out, well 
  2. Smallest wave degree is wave 2 correction ending, which means wave 3 will begin soon, once it work out go beyond the territory of wave 1 peak(0.835), prices will accelerate and it will speedy upward, in this case we had 4 consecutive wave 3 is pointing up, it will carry very meaning ride for Institutional traders.I am anticipate most likely it will break and go beyong 0,835
  3. 0.765 support tested many time and hold strong, it is typical signal to comfirm wave 2 is ending/ended, it make a trade here and stop loss below it will give very good risk to reward ration.

Trade plan 

Institutional Trader Trade Plan
Action : buy, 4 wave degrees uptrend
Type signal : Breakout, conservative
Applies to : Institutional Trader (Primary)
Conservative Target :0.865 
2nd Target :1.03
Exit Alert :0.730
 
Med Term investor Plan
Action : buy, 3 wave degrees uptrend
Type signal : Breakout, conservative
Applies to : Med Term investor(Minor)
Conservative Target :0.855 
2nd Target :0..955
 Exit Alert :0.730
 
Position traders Trade Plan
Action : buy, 2 wave degrees uptrend
Type signal : RETRACE, aggressive
Applies to : Future traders(Minute)
Conservative Target :0.860 
2nd Target :0.950
 Exit Alert :0.730
 

 

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Stock analysis and comments presented on KLSE TA are solely for education purpose only. They do not represent the opinions of KLSE TA  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.

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2 people like this. Showing 4 of 4 comments

Syndicate_101

buy !!! buy !!! and I buy !!! thanks for esceram and I earn 2 round liau

2015-03-27 12:16

Jenniewong

Syndicate... you are right I buying on the weakness. thank you mwong3 posting and share to us. I am make good money like you :-)

2015-03-27 15:40

yongyou

thanks mwong3

2015-03-27 22:00

lyk204

Thanks,mwong3,I really admire your sharing...

2015-04-01 12:04

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