VK TECHNALYSIS SERVICES (VK 技术分析服务): Stock to watch

Tuesday, January 5, 2010

Stock to watch

I believe you still remember our chartist JK had posted IJMLand-WA sometime ago. The warrant rise slowly everyday since recommended and it started to consolidate since the last 3 trading days. I also notice the mother share and the warrant quite rare to correlate to each other recently.

Today I will talk about the mother share, IJMLand. This stock after peaked on 20/10/09, it started to correct and consolidate. It makes a V-turn on last Monday and the price slowly increase. Today it closed at 2.40, very good chance for it to continue its uptrend if the price can close above 2.41 on tomorrow (Wednesday).

By looking at the chart, if the uptrend is confirmed, it should be an Elliott Wave No. 5 which could end in 1-2 months or longer. Other indicators:

1. Bollinger Band expended 9% and the price is above the BBMB
2. RSI=58.33, Volume> 40 days VMA
3. MACD rounded bottom, just at the Zero X-over
4. Price above 10 and 20 days EMA
5. STC %K=96, %D=84

Price presently resisted by 2.41, the support is at the BBMB 2.28. Cut loss if price dip below 2.28 or -5% to -8% below the entry price. Please refer to the chart below.

We also obtained a permission from our clients to show you how our clients making money using us as an adviser for their investment. See how profitable they are, please take a look.

Stock Market Language 股市语言

In the stock market everyone hope to "Buy Low Sell High". In practical, it is very difficult to achieve. There are 5% of the investors are able to achieve that however they are not buying at the lowest or selling at the highest. In other word they buy at the RIGHT timing and sell at the RIGHT timing.
每个人都希望在股市“低买高卖”。但实际上是非常困难的。只有5％的投资者能够实现，但是他们不是在最低买进或在最高卖出。换句话说，他们是在适当的时机买进和卖出。

Human nature is full of Greed and Fear. The emotion of human was reflected on the movement of the stocks' prices.
股票的价格变动中反映出人性的贪婪和恐惧。

What should we do while waiting for the market to correct?

No stock to buy very boring right? While you are waiting for the market to correct, you can actually sharpen yourself and get more funds ready for the next run.

1. You can subscript Winchart to sharpen your skill. VK Technalysis Services provides training twice a month in North Malaysia. Other regions please refer to http://www.straitsindex.com/.

2. EPF contributors have an option to withdraw EPF funds to invest on stocks from account No. 1 to standby and get ready for the next run.

For details, please contact VK Technalysis Services
Penang: 012-4168868 (Vincent Liew)
Kedah and Perlis: 012-4259118 (JK)
B'worth, Kulim and BM : 012-4212533 (Wong)

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This is merely an information and knowledge for sharing purpose. Any statements, opinions, comments, views, or trading suggestions made within this Blog should not or cannot be construed as advice or a solicitation to buy or to sell actions in any means of capital investments referred to. The company VK Technalysis Services, the owners of this Blog, and the authors of this Blog are not licensed investment advisors. All the readers of this Blog should seek or consult the expertise of a Licensed Financial Advisor, or stocks or futures broker before making any of their investment decisions. All sort of trading or investment in any financial instruments involve the risk of loss. We shall not be liable for any losses suffered by the readers from following our statements, opinions, comments, views, technical analysis, or suggestions made within this Blog. And you as a reader agree that our company and any authors mentioned within this Blog are not liable for any losses incurred upon your own due diligence in investment or business decisions that is directly or indirectly related to the information, knowledge education, services, and products from this Blog.