kennylim02134

kennylim02134

P 1.0 : 9.10 A E 1.618 : 9.35 B E 1.618 : 9.33 B E 1.272 : 8.94 A P 1.0 : 9.08 A Two clusters (A and B) based on multiple fib relationships, methodology based on Carolyn Borden.

kennylim02134

medium term target zone: 9.6~9.8 long term target zone : 10.8~11.0 Target zones are confluent with existing SR zones (yellow) Be patient to wait for another pullback to confluence of: i) current support zone (green) ; & ii) 21ema before considering a long play.

kennylim02134

support zone 1: 1640~1670 support zone 2: 1445~1470 (in blues) Both zones are confluent with existing SR zones (in yellows)

kennylim02134

--1st target @ 48,255~ 49,769 reached (yellow zone) --yellow zone derived from fib extension of pullback --yellow zone acted as support --price retest zone before rising --2nd target @ 65,913~67,704 (red zone) => PREDICTION

kennylim02134

LIKELY SCENARIO -- Price rebound from bearish price target @ 0.59~0.60 -- derived from 150%~161.8% fib of MINOR pullback during drop -- Bearish price target confluent with MAJOR pullback during drop @ 0.59->0.71 LESS LIKELY SCENARIO -- Price rebound from bearish price target @ 0.52~0.54 -- derived from 150%~161.8% fib of MAJOR pullback during drop

kennylim02134

STOCK STRONG SUPPORTS FROM: -- SUB TREND CHANNEL (MIDLINE) -- HORIZONTAL SUPPORT ZONE -- FIB RETRACEMENT @ 38.2% BULLISH CALL. TARGET @ TRENDING CHANNEL

kennylim02134

Principles 4 bars can set a trend ; MA 20 & 50 as a direction guide retracement 1,2,3 bars ; or 4 bars if trend greater equal 10 bars Consider counter trend when RSI came back from oversold /bought area Entry method 1) enter on retracement (1st bar aggressive) + cross MA 2) enter on SR break + cross MA: SR can be a 1~2 bar range 3) Enter on double bottom / top...