KLSE Technical Analysis

Ge-Shen: Institutional investors target $1.09 and $ 2.25

mwong3
Publish date: Wed, 14 Oct 2015, 01:17 PM

This is a very positive signal ! What are you waiting for?  Now even 5 consecutive wave degrees show a clear POSITIVE trend and it also indicates that the target has not yet been reached. More and more wave degrees showing a positive trend increases the probability of strong acceleration!

This is a very long term signal for institutional investors since it starts with the Cycle wave degree followed by the primary and intermediate wave degrees. The target of the Intermediate wave degree, which is in wave 3, is the most conservative target to reach at 1.11 or percentagewise 14.25%

Action                                   : I Long/buy, 5(!) wave degrees uptrend

Type signal                          : BREAK OUT, conservative

Applies to                            : Institutional investors

Conservative Target          :1.09     

2nd Target                          :2.25

Wave degree (1st)             :Cycle                                   

Wave                                    :3           

Wave degree (2nd)           :Primary

Wave                                    :3

Late Exit Alert                    :Close Below 0.8000

Earlier Exit Alert                :Close Below 0.8900

Weekly Trend : Elliotwave

 

Chart Pattern Trading : Triangle

Daily chart showed symmetrical triangle breakout, yesterday was traded right at the resistance line and base on my personal experiment, it is very high posibility to break the triangle and heading to $1.10.

Chart Pattern Trading : Cup and Handler

 

Double cup and Handler formation. Small cup and hnandler formation about to breakout !!! once it break and it should motivate or peomote bigger cup and handler breakj out and heading to $1..21

Discussions
1 person likes this. Showing 3 of 3 comments

kt888 88

Thank you

2015-10-15 10:12

sulhi

tq

2015-10-16 16:48

swatheng

Hi Jason, It's the 1st time I came across yr blogs after accessing yr FB. I'll comment on 3 counters out of yr posting:
Tek Seng: Buy Signal on 9/15 or 10/09
Yong Tai: It was on 10/06
Ewein: It was on 9/15
Normally buy price should be the closing price when there was a buy signal on the subsequent 2nd day or later. These 3 counters have no sell signal yet. I can't tell u what is the selling price unless there is a sell signal. If u read my comments and are willing to discuss with me, it is most welcome. Honestly I know nothing about Elliot Wave Theory or support/resistance.

2015-11-13 20:18

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