MAMEE

Mamee yum yum. I love to eat mamee. Who doesnt?

Observation
1) Uptrend- Still Postive
2) HH - Formed higher high at 3.66 and higher low at 3.38
3) MACD - Postive with 4G1R - Precaution for retracement
4) RSI - Trying to break the 70% to show further bull
5) ADX- Signal at high at 33 with negative signal showing some retracement




 Why there is a retracement?

Look at 13 Jan 3 days ago ( Yellow) there was a major take profit continue by small take profit shown in Green Red and Purple, this show that selling interest is getting lower and only sold by small retailers.

In addition, this retracement actually suits the Bull Flag FOrmation rule.. If these rules are meet if will blow up

Condition
1) Shoot above 3.62
2) High Volume above 1000lots

If this meet, TP will be at 3.86 (10% Gain) . Good luck

Mitra

Today Bought Mitra at 1.77 at 150lots and hope it will fly to 2.38 or at least 10%

 

Today Close at 1.76 and broke up the Flag Channel. Still have to wait for  Monday for further confirmation.

Will cut loss if hits 1.71 (3% loss) from 1.77 . Better control my losses as low as possible because we need to plan this ratio

50% accuracy at least
5 hits with 10% profit
5 losses with 4% losses

In conclusion we aim at least 30% profit in balance which i am trying very hard and need to discipline my self. If i am really good about this, believe can easily find 2K extra pocket money every month which is a nice sum to spend to buy many thing haha but sigh.. now having more and more commitments so need to save and spend wisely hehe..

Mitra

This stock is under the potential Bull Flag Breakout which is very good for punters like us to gain extra fast money within days but it is not guaranteed

This Bull Flag Breakout only will happen
1) Reach to 1.82
2) High Volume above 20Klots by end of the day or 10K lots before 11am

Once the criteria are met, high chances this counter will Extreme Bull Run until 2.38 before we take full profit at about 20 % WoW!!!

Lastly this bull flag we need to ensure that the recent sell down was only due to small investor taking profit and not the big investor ( WHITE SHARKS aka sharks who love to chews small investor - IKAN BILIS or anchovies like us!!). refer to the Volume distribution for that few days

The sell down quantity is below than 150K per transcation which is still save.