Thread #437.


It is amazing that Wazuans have a powerful memory if you can still remember Ericsson advising me.

Keno
First I want to revise our wave count following last week events. Feel free to criticize. I am still learning.


Then kindly let me bring to our attention something I missed to mention in the last analysis that could be is not obvious. If we go back to the end of wave 1(of c or 5), keno had a RSI(14) bearish divergence as shown below that resulted to corrective wave 2( of c or of 5). I want you to look keenly on the blue vertical line. The 1st line had a low price of 8.5 while RSI(14) was @ 47.79. on the 2nd line,the price low was 8.6(a bit higher that the 8.5) and RSI(14) @ 47.23( a bit lower than 47.79). that was a positive reversal sign that defined end of correction wave 2.The red lines are showing divergence.


closer look rsi


closer look price


Then let us look at what happened last week. The same sign was even present by the time we had the last analysis. If you can recall “in wave 4 correction,this should be in mind. If wave two of an impulse is a sharp correction, expect wave four to be a sideways correction, and vice versa. so do we have wave 4 of 3 or 4 of c in place already? could be yes could be no. “ wave 4(of c or of 3) made a triangle correction as evident on the chart


Where are we? wave 5 (of c or 3) is in the making.

Expectation
Our targets on the chart still remain. So far we have passed target 1 and 2. Let see what happens at or around target 3 of 12.2. remember we still have the following possibilities;
(a) wave 4 that will correct after end of 5 of 3 and then the last wave that will complete the first 5 impulse(high probability) or
(b) a wave in a downtrend after end of 5 of c

STATEMENT DISCLAIMER
This analysis is designed to inform you on the counter's direction. It is not a recommendation to buy or sell but rather a guideline to interpret the market. The information presented should only be used by investors who are aware of the risk inherent in trading. I shall have no liability for any investment decision based on the use of this analysis

@karasinga. I request a more simplified version. Ie. KK is heading to price x, or price y.

@VituVingiSana @Aguytrying

let me try.
ADSS a good buy
1st target =1.98
2nd target = 2.16
3rd target = 2.66

btak hit our 1st target
expect a rally to around 13.5 then there might be the last leg down to around 9.5

i ope this meets your request

you guy should teach me how to put those good quotes i see in your posts

It didn't. So why to you expect fellow Mr Kk trader .

murchr, thanks.
i analyse with no news. when will the news be released?

i am not the best person to comment on how results will be. but following wave principles btak is about to hit its bottom. they say the first rally will be by professional trader while the rest sit back thinking bear is still on. everyone else will want to join later while the professional trader will be selling to you at the top. do your due diligence though.

these targets are still sound
target 1 11.29( so far the high exceeded our target by 0.11
2nd target 12.2

tighten you trailing stops if you are not yet out

Feeling the heat already?

stick around enyands

The comprehensive examination serves not only as a risk assessment, it also covers a variety of areas aimed at providing the company, shareholders and likely investors information regarding the potential investment quality. Preliminary Economic Assessment (PEA) reports, technical reports and environmental studies are only a few of the steps involved in the actual exploration of a given site, richard warke.