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*After my 2 stocks comment about GPacket & KNM trigger by so called 2 blogger big brother, now i want to post here one of my stock pick recently, my other stock pick no need to say here la ok.
*ok here we go :
>>> 1) KUB oredi form symm triangle on both chart n RSI signal.
>>> 2) stock price breakout at end of triangle apex when it breach 0.28 resistant for a buy call trigger at 0.29 on monday 5th Jan 2009. (c chart 4 confirmation)
>>> 3) at the same time RSI signal also breaking its symm triangle formation 1 day earlier on friday 2nd Jan 2009, RSI line break tru 0.54 high of the triangle to settle at 55.7 that day. The nx day price breakout happen on monday 5th Jan 2009. (please c chart la oii) kekeke
>>> 4) its also a mid BB breakup together with price xtion, altho BB break is the same day as RSI break a day earlier.
>>> 5) my GREPS method only enter buy on monday 5th from price range breakout of 0.28. So from the chart we can c, very strong support at 0.24, so the most logic TA stop order shud be place under 0.24, >> 05.01.09>BUY 0.29-SELLstop 0.23 (c chart if blur blur)
>>> 6) after the breakout on 5th Jan 2009, the nx 3 days KUB consolidate n retest the 0.28 breakout again on the 3rd day after breakout, on the 8 Jan 2009 KUB close with a spinning doji (watever they call it) at price ngam ngam breakput point of 0.28, but b4 close big crocs try to shake out contra players or weak holders out by hitting 0.275.
>>> 7) btw after the breakout at 0.28, KUB hit high 0.31, n the beauty of TA, from FIBO calculation the pullback level at 0.275/0.28 on 8 Jan 2009 is also at 50% FIBO, 0.28 also the breakout point level.
>>> 8) after the pullback on 8 Jan, KUB make a small kurakura push to high 0.33 on 13 Jan 2009 7 at the same time RSI making a double line top.
>>> 9) SO, 05.01.09>BUY 0.29-SELLstop change to 0.26 from 0.23 , yeah yeah its still a lost because its trend follower style, hold position till hit the stop order.
>>> 10) BUT, yes BUT...hehe, Resistant candle body target at 0.34 on 10 Nov 2008, shadow candle resistant at 0.35 on 11 Nov 2008, KUB hit high of 0.33 on 13 Jan 2009.
>>> 11) from current chart KUB might retest the 0.28 breakout again bcoz its also act as mid BB support.
** SO the conclusion :- 1) trend follower shud still hold KUB BUY at 0.29 with adjusted stop at 0.26 from initial strong stop at 0.23.
2) ikan bilis trader like me surely oredi "lari kuat kuat" at 2sen 3sen profit, very poor me FA dunno to use, TA also so so oni, always blur blur one... but no worry if go higher i'll use jossstick & backhand method, a guarantee sure win one... wakakakkaaka
3) so logically after scalp 2 3 sen, i can still park to buy back at same price 0.29 or slitely higher then 0.26 stop at 0.27... C la how, errr sorry for my very poor engrishhhh, hehe
ASTALAVISTA & ADIOS....