Important time-tested proven market rules or tips
According to TA, the share price of Jaks must cross 1.29 in order to move up north
OTB
Publish date: Mon, 13 Jan 2020, 10:54 PM
Dear valued readers,
Jaks had been an up trending stock since 8/10/2019, no one can refuted it if you know to read technical chart correctly. Enclosed is the technical chart of Jaks for your perusal.
TA reading
- The share price of Jaks was breaking new high at 1.43 on 18/11/2019.
- The share price had breakout from "Golden Cross buy signal i.e. 20-day EMA crossed above 70-day SMA" on 8/10/2019 at 0.78 which was very bullish.
- The price is above 20-day EMA, 70-day SMA and 200-day SMA now.
- MACD buy signal will appear once the share price of Jaks closes above 1.29. I like this buy signal to appear because the Blue and the Red lines of MACD are staying above zero level to show a stronger momentum.
- Stochastic, Parabolic SAR and Force Index, all showed buy signals which are bullish.
- Weekly MACD also showed a buy signal, this technical chart will be bullish for a long time.
3 important features appeared in the technical chart
I want the following features to appear in the technical chart so that the probability to win on this stock is very high.
- The Golden Cross of 20-day EMA to cut above 70-day SMA had been formed on 8/10/2019.
- The share price of Jaks to be higher than 70-day SMA to create a 3-month high.
- The Blue and the Red lines of MACD must stay above zero level to show a stronger momentum.
My comment
- In order for the share price of Jaks to move up north, the share price must close above 1.29 and crossed above "Overhead Resistance Trend line" (upper trend line of the ascending triangle).
- The ascending triangle is well formed.
- Look at the apex of the ascending triangle, a major decision has to be made before 27/1/2020.
- If the share price moves up north above "Overhead Resistance Trend line" (upper trend line of the ascending triangle), the share price will likely to move up north to challenge the all time high price at 1.43.
- If the share price moves down below the support line of the ascending triangle, it means the share price needs more time to consolidate further.
- Look at the share price of Jaks is above 20-day EMA, Stochastic Index, Force Index, MACD and Parabolic SAR, all are showing buy signals. I believe the share price of Jaks will cross 1.29 convincingly within next few days.
- All indicators are showing buy signals supported by high volume today, I believe the probability for the share price of Jaks to break above 1.29 is very high.
I just tell you what this technical chart is telling me, if you disagree, please ignore this posting.
Final decision to buy is always yours.
I take this opportunity to wish all readers in I3 "A Happy And Prosperous Chinese New Year 2020".
Thank you.
OTB
寧可天下人負我, 休教我負天下人
Disclaimer :
Please be informed that the aforesaid stocks are solely for the purpose of education only ; it is neither a trading advice nor an invitation to trade. For trading advice, please speak to your remisier or dealer representative.
Final decision to buy is always yours.
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Created by OTB | Mar 04, 2020
Discussions
3 people like this. Showing 12 of 12 comments
Now px is 1.28. Only one sen diference only ka.. so easy hurdle only ka.. y not 139 149 159 169?
2020-01-14 03:08
Hahahaha,
Mr. Koon claim Foreign Funds queuing to buy 2.6 million Dayang shares at Rm 2.50. The big buyer was from UBS Securities which has its HQ in Zurich. I wonder how he obtain this information?
Anyway foreign buying is a two-edge sword. Remember when Man Group PLC and Numeric Investor LLC dispose their shareholding in Dayang from 14-16 th May 2019, Dayang quickly nose-drive below Rm1.00 by May 23th 2019 when Q1 report EPS of negative 0.43 cents.
The question now how came the foreign fund know the insider information before general public?
As of JAKS I think no foreign or local fund buying big into it yet hence many retail investors are very happy to bet/earn a few cents daily, perhaps beside FA and TA, OTB also need to look into shareholders.
Thank you
2020-01-14 09:04
Dear OTB,
May the Year of the Metal Rat bring you Good Luck, Good Health, Good Fortune, Plentiful of Laughter, Happiness, Success and at Peace with Oneself and Others. Happy Chinese New Year 2020
Thank you
P/S: https://klse.i3investor.com/blogs/Sslee_blog/2020-01-22-story-h1482896892-Let_s_celebrate_the_coming_CNY_2020_together_with_well_wishing_of_Unity.jsp
2020-01-22 21:04
Dear Sslee,
Wishing you "a happy and prosperous CNY 2020".
Gong Xi Fa Cai.
Good health and plentiful of wealth.
Thank you.
2020-01-22 21:06
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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Tom
50% 50%....just like gambling
If Hai Duong power plant can't make money = Holland ticket
If The power plant can make a lot of money = otb becomes god, kyy becomes sweet potato
不过为了钱，otb可以和朋友(kyy)玩背后插刀游戏，黑吃黑的世界没有人懂....lol
2020-01-14 00:46