Stage 1 of the new cycle is completed at the high of $0.63 on 23/04/2020 which is also the day it broke out from its Triangle at $0.53 and hit a high of $0.63 with volumes.
KPS has been consolidating towards its $0.53/$0.51 & consolidation looks over for me at a low of $0.51. I anticipate KPS to retry its immediate Resistance at $0.58/$0.60 and very strong resistance at $0.63.
It will show immediate weakness if break below $0.51 and I will stop loss if $0.49 is violated.
Kps is the best F1 stock in Bursa. Out-sprint any talk big stock and best of all can do it with less than a million shares. This is same like Hap Seng in making, upto RM10 with little Volume. Kps even got less free float than HapSeng
always say Buy when Dow is red, chicken out this morning. Now dow 140pt up, afternoon sure up. Want to try my luck. This stock is a toman, move so fast and slippery. Difficult to catch
I have a feeling alot HongKong based Biz will be moving (planning )to Malaysia and Indonesia by 3Qr. HongKong without special privilege and China Hit by Tariff just Kill all advantages HK has over ASEAN countries ( supply chain broken ----becos USA custom check All component Origin )
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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....
ChartTrader
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Posted by ChartTrader > 2020-04-29 21:17 | Report Abuse
KPS (5843)
Stage 1 of the new cycle is completed at the high of $0.63 on 23/04/2020 which is also the day it broke out from its Triangle at $0.53 and hit a high of $0.63 with volumes.
KPS has been consolidating towards its $0.53/$0.51 & consolidation looks over for me at a low of $0.51.
I anticipate KPS to retry its immediate Resistance at $0.58/$0.60 and very strong resistance at $0.63.
It will show immediate weakness if break below $0.51 and I will stop loss if $0.49 is violated.
I bought in today at $0.56.
Good Lucks !