According to EW calculation.. wave 1 rally from 0.30 to 58 cent (18 june), then wave 2 retrace 0.38 x wave 1 ~ 10 cent (49 cent in 30 june) then continue wave 3 since then until now. by calculation wave 3 will be 1.61 x wave 1 i.e. est 45 cen from 49 cent, therefore to for wave 3 will be 94 cent. dear all sifu, is this how we calculate the TP?
Agreed wit bovun...no panic if u not contra..BUT abric has its own price pattern..base on it pattern..at t+2 today the pattern still unchange ..but see tomoro t+3 ..hope no one injured..hepi trading frenz abric
Perhaps some one can explain...Normally when news out ...price start to drop..EXCEPT hev set price higher than 0.745 to take over abric then price can up n become speculative...watch tomoro
Even wit the news ..it price character doesnt change ..up 0.745 then down 0.8 cent to 10cent..today is t+4 .. heavy volume on last thursday.. gud luck ..this time the bull should charge for the next new high...hopefully
Twice down to 0.645 ..yterday aftnoon n today moning...hopefully tomoro up few cents more..n after raya we see new high..the trend unchanged..just sharing idea ..to abric ..hepi trading ..target of takecover wit unpredictabke price..so still exciting game
Not impossuble agreed wit u..BUT at this unpredictable takeover price.. hope it shouldnt happen ..if it happened Then the takeover price might be below 0.745..ok ..just sharing idea..gud luck
As usual, price will consolidate for few sessions and will be charging towards 82c given the previous 71c target has already been achieved with highest of 74.5c registered before it retraced to 65/66c level...
It is probably more or less already a done deal insofar as the "non-binding expression of interest by an interested buyer" recently announced is concerned... The due diligence exercise currently underway is part and parcel of any due process any corporate exercise has to go through for good governance sake...
An associate of mine brokering the deal has already accumulated 600k shares since a few months back.. And he is almost doubling his investments since last week when price started to retrace.
Small cap will not be badly affected..abric still in play..this is unforseen circumstances..affected overall market..game is not over until price determined..gud luck..as i see it
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....
Lipat Trader
8 posts
Posted by Lipat Trader > 2014-07-18 00:34 | Report Abuse
According to EW calculation.. wave 1 rally from 0.30 to 58 cent (18 june), then wave 2 retrace 0.38 x wave 1 ~ 10 cent (49 cent in 30 june) then continue wave 3 since then until now. by calculation wave 3 will be 1.61 x wave 1 i.e. est 45 cen from 49 cent, therefore to for wave 3 will be 94 cent. dear all sifu, is this how we calculate the TP?