SNBL PROBABLY IN WAVE ' Z ' OF B or C

9 Jul

This is in continuation of our ongoing tracking of SNBL wave structure, prices have broken above the 22.50 level indicating one more leg upwards.

Currently the price is unfolding as wave Z which will target 26 - 28.50 zone, however the prices should decline towards the 20.70 - 19.80 level (buy zone) before rising again.

If the prices go below the 18.60 level, it will significantly weaken this wave count. we will only activate this trade if price reach our buy zone.

If the wave count is correct then this trade will provide us minimum 25.60% gross gain.

Trade Setup:

Entry level: 20.70 - 19.80

Stop loss: 18.59

Target: 26 - 28.50

Let see how this plays, Good Luck!

Disclaimer: The information presented in this wave analysis is intended solely for educational and informational purposes. It does not constitute financial or trading advice, nor should it be interpreted as a recommendation to buy or sell any securities.

9 Jul

Nota

Slight modification to the entry levels

Entry level: 21 - 19.80

14 Jul

Nota

Prices have not reached our buy zone last week, on the minor chart it seems like a triangle pattern has developed. However as minor waves are more prone to error we are still anticipating prices to go towards are buy zone.

Alternately, if this minor wave count is correct then prices will not go towards our buy zone and will start to rise directly. If this happens then we will enter market once price break above 23.20

15 Jul

Dagangan aktif

As mentioned in our previous update, price has risen directly and we are active in this trade now

Trade Setup:

Entry level: 23.40

Stop loss: 18.59

Target: 26 - 28.50

15 Jul

Nota

Our trade got activated today, however prices didn't move as anticipated. Looking at the daily close of today which formed an inverted hammer suggest that prices might go down towards our original buy zone of 20.70 - 19.80 level before rising upward, although we will have to wait for this weekly close to confirm this.

If the weekly close also ends up forming a inverted hammer or a bearish candle then price will retest the 21 - 19 levels and therefore we might have to adjust our stop loss a little

21 Jul

Nota

As the weekly close was bearish, most likely price will go towards 20.70 - 19.80 and below before the uptrend resumes.

23 Jul

Nota

Price has start to move in our favor, however looking at the volume we are not fully convinced unless the weekly close is a bullish one with high volume.

24 Jul

Nota

Price closed at an upper lock yesterday, however the volume still needs to build up. Looking at the overall move, we have decided to modify our targets a little.

Below is our modified targets:

T1: 24.30 (30% positions)
T2: 26.55 (40% positions)
T3: 29.15 (30% positions)

24 Jul

Nota

Price opened above our T1, we have closed 30% positions at 24.70 and have started to accumulate EFERT stock.

25 Jul

Nota

Price rise but did closed at a lower end yesterday, while looking at the minor wave structure it seems there's a high probability that prices will retest the 22.30 - 21 level again before making the final move up. However prices can still reach our T2 of 26.55 today and then start declining.

Looking at the minor wave development, we are modifying our targets and will close the remaining 70% positions at 26.50.

We are anticipating a sharp fall, if you are not a long term trader then make sure to put stop loss early.

12 Ogo

Dagangan ditutup secara manual

Since MARI broke above 660 level yesterday and compared to SNBL its a better company therefore we have decided to close all our remaining positions of SNBL to capitalize the MARI trade.

Although this wave is still valid and we can still reach our 26.50 target and above target of 29.15. we have closed the remaining 70% positions at 25.

Overall performance -

Entry price: 23.40

Exit price: 24.70 (30%) & 25 (70%)

Profit @ share: 1.51

Gross profit: 6.45%