KLSE Technical Analysis

EFORCE Was Prepared and heading to $0.730

mwong3
Publish date: Sun, 28 Jun 2015, 10:14 PM

Executive's summary

It Bottom found at $0.585, the statement supported by Strong evident, which is candle stock reversal formation, there are inverted hammer, gravestone doj and dragon fly doji were developed on last couple of day, this is strong signal of price is well suppot above the $0.585.

I was collected this stock as I am aniticipate expanded triagle development is ongoing and wave d Up was kick in and heading to $0.730.It try on immediate resistance on Friday(Jun/26/15)which is $0.640, but it was rejected, base on my assessment most likely due to T4. 

My trade plan

Pass history data suggested  it will retry it and high posibility the resistance will be break and heading to $0.730, I will scale in once 0.640 take out. I will collect it on weakness near support at $0.625/$0.600. My stop loss is when end of day close below $0.580

Technical Justification(bullish)

1.) MACD golden cross happen on Friday.

2.) Moderate voume kcik in to show buying interest increase, pass data suggested pricess shoudl acceralated very soon.

3.) Expanded flat wave c end, wavd 2 bullish was kick in.

Technical Learning

Eforce Chart 

 

 

 

 

 

 

 

 

 

 

 

Discussions
Be the first to like this. Showing 4 of 4 comments

Sunkist118

So we wait for e hor

2015-07-02 21:02

mwong3

continue bull ran !!!

2015-07-02 21:10

Greedless

.....

2015-07-02 22:35

papajohn

good

2015-07-05 11:53

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