Our CI has move into a very early trend, from 890 to 917 ( here we call phase 1), and it will facing a strong resistance which located at 922 ; thing we need to take care on coming week
1)The profit taking will take place .
2)The support level has move from 900 to 907.
3)Watch out for the CI , If CI able to above 922 , the trend will be change from early stage to solid stage.
For the solid stage, we call Phase 2 (If move to phase 2, i will explain on its charateristic).
4)If the CI enter to phase 2, you can consider to pump in more capital; for example 60-70%
Premium 9458
1)The upside signal appeared 5 days ago.
2)Currently is forming uptrend base. ( take note)
3)watch out on any trading day, afternoon session, if above RM0.30, this counter will be the black horse.
4)You entry point should be RM0.30.
5)30/6/06 close at RM0.245
6)Pls set you cut loss point accordingly.
15 comments:
If the CI can stay above 922, solid uptrend stage (here, we call phase 2) will appeare , but before the phase 2 appear , you will see profit taking first.
Just be ware of profit taking might take place , index now at 924
CI has not enter phase 2 yet, because of no signaficant profit taking. Anyway, the profit taking is just start today , let see how much it will take.The immediate support level is located at 915. As for the Premium , currently is still forming uptrend zoom base.
To those who delete the comment,
As courtesy , pls help to explain why tou need to delete the comment in order to avoid any misunderstand.
Kiyee,
The price in O.26 is consider building base.
The price in 0.30 is consider black horse start to run.
The both pricing will have its own charteristic and momemtun. To enter in which pricing is depend on your risk taking, your stratergies whether in short term or contra and etc....
I agree what did you said, 9458 now is on the way to build the base. I notice that between 0.245 - 0.260 will build up strong base. Until the foundation strong, it will hit 0.30 easily. Hopefuly it will come after world cup. I catch your meaning that when it reach 0.30, we can join the trend smoothly and buy high sell high.
Well, we have known that the profit taking has been start for 2 days.
So , what we have to do now is to wait for the profit taking over and market will give us signal to enter to phase 2 (solid stage ) uptrend.
Counter to monitor,
Rsawit, afternoon close at RM1.22
Counter to monitor,
Sugar, now at RM1.00
I dont know yet, let the market tell us what to do. But you need to prepare for any uncertainty.
sagil
Have The Bull stand steady now???/
how then next week market u look?
the bull can run strong or not???
The market still located at the profit taking (in the early stage uptrend). I will post inside this blog if the market enter to solid stage uptrend (phase 2)
THANKS ALOT SAGIL
U ARE THE GREATGREAT GREAT BROTHER
to those who have brought Rsawit, currently trade at 1.35 . dont sell first , let the profit run.
To those who have bought Sugar,
currently it will run sideway from 97 to 104 , if below 97 , prepare your cut loss point at 92 and if above 104 , let the profit run.
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