Executive summary (Century Logistic) time to fly

mwong3

Publish date: Wed, 07 Oct 2015, 11:16 PM

Executive summary (Century Logistic)

Century logistic was trading on consolidation for last two month after major correction down, , ascending triangle was formed and Bottom was found on $ 0.750, it was just breakout away on today with significant volume increased which were indicate trader/investors buying interest was surge and heading to it target of $0.950. Elliot wave chart pattern showed very positive outlook as well , because have 3 conservative wave degree point up and the target is $0.950/$1.04/$1.20. Immediate Resistance at $0.895/$0.910/$1.09. I am anticipated it will reach target of $1.01 (Close Gap down), I will lock profit and trading this counter along the support resistance line. I will Stop loss incase trend again me (close below $0.800).

Technical Justification

1. Chart Pattern: acceding break up

2. Elliott wave: 3 consecutive Wave degree pointing up.

3. Technical indicator :

a. Volume significant higher than last 30 days volume.

b. RSI hook up and breakout which was stay above 50

c. Stochastic kiss and hook up

d. Price trade above 5/10/50 ma which indicate short/med tem up trend

e. Price and Volume rate of change showed bullish kick start

f. JPY candle stick show big white solders

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 klseelwavetrading.blogspot.com are solely for education purpose only. They do not represent the opinions of klseelwavetrading.blogspot.com 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.

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