KLSE Technical Analysis

Censoft(5195.KL) is a Woke up Dragon !!!

mwong3
Publish date: Thu, 16 Apr 2015, 09:57 AM

Elliott Wave Count

In a nutshell, there are 5 consecutive waves degree is indicated Censof is uptrend, recencr correction downtrend/consolidation was ended with wave abc, Today substantial volumes kick in and break immediate resistance at $0.455. this is indicate Position and future trader were joined/joining the ride.

I was in and average buying price at $ 0.450, I am anticipate prices is heading to $0.510/$0.570/$0.620.

Immediate support is at 0.450 which is offer buying opportunity for me, My Stop loss is < $0.420

I will apply trailing stop when prices reach $0.510/$0.570.

 

Below is the various trade plan for difference type of trader investors for reference base on Elliott wave counter

Trade plan 

Institutional Investor Plan

Action : buy, 5 wave degrees uptrend

Type signal : RETRACE, aggressive

Applies to : Institutional Trader (Primary)

Conservative Target :0.70

2nd Target :1.12

Exit Alert :<0.290


Institutional Trader Trade Plan

Action : buy, 4 wave degrees uptrend

Type signal : RETRACE, aggressive

Applies to : Long term investor (Intermediate)

Conservative Target :0.785 

2nd Target :0.850

Exit Alert :<0.290

 

Med Term investor Plan

Action : buy, 3 wave degrees uptrend

Type signal : Breakout, conservative

Applies to : Med Term investor(Minor)

Conservative Target :0.640

2nd Target :0.780

 Exit Alert :<0.420

 

Position traders Trade Plan

Action : buy, 2 wave degrees uptrend

Type signal : Breakout, conservative

Applies to : Future traders(Minute)

Conservative Target :0.510 

2nd Target :0.570

 Exit Alert :<0.420

 

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