Patrick Thebull, allow me to share my wave counts which is slighly different from yours. Wave 2 started on 10/23 and Wave 3 ended on 10/31. Well, Wave 4 is ending around currently level at 0.115 after retracement of 61.8%. Expecting a weak Wave 5 travel back up to 0.14 with a weak PTI at current setup. A fail wave 5 may emerged.
Target Price: RM0.140, RM0.150 Last closing price: RM0.125 Potential return: 12.0%, 20.0% Support: RM0.120 Stop Loss: RM0.115 Possible for upside. LKL is staging a potential breakout from its consolidation phase. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.140 be broken, it may continue to lift price higher to subsequent resistance level of RM0.150.
However, failure to hold on to support level of RM0.120 may indicate weakness in the share price and hence, a cut-loss signal.
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....
uncle ykk
575 posts
Posted by uncle ykk > 2019-07-11 18:14 | Report Abuse
Sell karipap can make more money than this company.