KLSE Technical Analysis

Big boy is buying Eduspec(0107.KL) !!! Time to go up now ?

mwong3
Publish date: Tue, 31 Mar 2015, 11:36 AM

Elliott Wave Count 

In nutshell, Eduspec is in bullish wave implication base on Elliott Wave formation, I am pretty confident this stock is under "big boy" radar as the wave count on cycle is wave 5 and retracement is under intermediate, minute and minor wave count is under wave 3, which will attract med term and position trader in to the game !!!

 

I bough this stock at RM 0.345 and below is the target of various professional/traders/investor preferable target and stop loss point base on Fibo extension and retracement for my reference


Action                        : Long/buy 4 wave degrees uptrend

Type signal    : Breakout, consevertive 

Applies to        : Institutional investors

Conservative Target  : 0.400

2nd Target : 0.575

Wave degree (1st)     : Primary (Wave 5)

Exit Alert                  : <0.22


Action                        : Long/buy 3 wave degrees uptrend

Type signal    : RETRACE, agressive

Applies to                  : long term investors

Conservative Target  : 0.390

2nd Target                 : 0.550

Wave degree (1st)  : Intermediate ( Wave 2 ending and wave 3 start)

Exit Alert                  : <0.320.


Action                       : Long/buy 3 wave degrees uptrend

Type signal    : RETRACE, aggressive

Applies to       : Med term investors/Position traders

Conservative Target : 0.515

2nd Target : 0.725

Wave degree (1st)  : Minor/Minute ( Wave 2 ending and wave 3 start)

Exit Alert                 : <0.320


Action                      : Long/buy 

Type signal    : Combine all

Applies to       : KLSE TA

Conservative Target: 0.390

2nd Target :               0.415

Wave degree (1st)  : Minor/Minute ( Wave 2 ending and wave 3 start)

Exit Alert                   : <0.320

 

 

Note: you may observed the Target for longer term price is lower than shorter term, that is because of the longer term investors/tradesr purchase prices is lower with the fibo extension calculation.

 

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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.

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Discussions
Be the first to like this. Showing 2 of 2 comments

calow1

I have heard of news coming with Eduspec getting some kind of projects... Again.. I heard. U know la.. :) Haha. But news are Good.

2015-03-31 18:23

edwin_stockC

Ham it... should break on 0.375 on tomorrow

2015-04-02 22:48

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