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Post by zuolun on Apr 7, 2015 17:06:58 GMT 7
CAREPLS ~ Trading in an upward sloping channel, interim TP RM0.685CAREPLS closed with an inverted hammer @ RM0.61 (+0.035, +6.1%) with 7.1m shares done on 6 Apr 2015. Immediate support @ RM0.59, immediate resistance @ RM0.64.   CAREPLS (weekly) ~ The Elliott Wave pattern
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Post by zuolun on Apr 9, 2015 11:28:59 GMT 7
CAREPLS hit low of RM0.62, high of RM0.65 and traded @ RM0.635 (+0.02, +3.25%) with 2.24m shares done on 9 Apr 2015 at 12.20pm.   |
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Post by zuolun on Apr 10, 2015 8:17:39 GMT 7
CAREPLS hit low of RM0.68, high of RM0.71 and traded @ RM0.69 (+0.01, +1.47%) with 1.29m shares done on 10 Apr 2015 at 9.30am   CAREPLS ~ Trading in an upward sloping channel, interim TP RM0.685CAREPLS closed with a long white marubozu @ RM0.68 (+0.065, +10.6%) with 5.25m shares done on 9 Apr 2015. Immediate support @ RM0.64, immediate resistance @ RM0.695.  |
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Post by zuolun on Apr 11, 2015 16:03:25 GMT 7
CAREPLS ~ Trading in an upward sloping channelCAREPLS closed with a shooting star @ RM0.69 (+0.01, +1.5%) with 5.64m shares done on 10 Apr 2015. Immediate support @ RM0.65, immediate resistance @ RM0.72.  
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Post by sptl123 on Apr 25, 2015 9:40:51 GMT 7
Bro Zuolun, CAREPLS close at RM 0.655 (-0.015 -2.24%) with 4,988,000 share done at 24th April 2015. I have put this counter under watch list 2 weeks ago since your last posts and were waiting to strike. It has been under selling pressure in the last few sessions: From ShareInvestor: 10 Days large value Sell Down: 1. 150K value Sell Down greater than Buy Up by 20% for 10 days. 2. 50K-100K value Sell Down greater than Buy Up by 20% for 10 days. 3. Average volume(10) is above 1000000 It is above all the 4 SMA. However, most other indicators are quite negative. I am waiting patiently to strike when it is near or at 20dMA. Bro Zuolun, what to watch for a broken - uptrend ?  |
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Post by zuolun on Apr 26, 2015 9:20:00 GMT 7
Bro Zuolun, CAREPLS close at RM 0.655 (-0.015 -2.24%) with 4,988,000 share done at 24th April 2015. I have put this counter under watch list 2 weeks ago since your last posts and were waiting to strike. It has been under selling pressure in the last few sessions: From ShareInvestor: 10 Days large value Sell Down: 1. 150K value Sell Down greater than Buy Up by 20% for 10 days. 2. 50K-100K value Sell Down greater than Buy Up by 20% for 10 days. 3. Average volume(10) is above 1000000 It is above all the 4 SMA. However, most other indicators are quite negative. I am waiting patiently to strike when it is near or at 20dMA. Bro Zuolun, what to watch for a broken - uptrend ? , The chart pattern of CAREPLS reminds me of Cordlife (see the early stage of the bull flag; potential target price projection on Cordlife's chart dated 22 Apr 2013). CAREPLS's uptrend is intact, the pullback on profit taking is an opportunity to buy on dip:- The price is supported at the 20d SMA and trading way above the Kumo (purple cloud) indicates that the stock is on a strong uptrend but extremely overbought now.
- Set the MA Envelope to 10d if you prefer to have a sharper vision for 10 days average volume.
- Set the stochastics to 14d to look out for the decisive BUY signal or the "hook" sloping upwards above 20 (see CAREPLS's chart with stochastic indicator).
CAREPLS ~ Potential bull flag formationCAREPLS closed with a small black marubozu @ RM 0.655 (-0.015 -2.2%) with 498,800 shares done on 24 Apr 2015. Immediate support @ RM0.635, the 20d SMA, crucial support @ RM0.61, immediate resistance @ RM0.685, next resistance @ RM0.74.  Scalping with stochastics Cordlife — The Elliott Wave Pattern as at 4 Sep 2013  加護手套本益比估值達48倍 ~ 11 Apr 2015 Careplus: Proposed bonus issue of up to 170m new ordinary shares of RM0.10 each on the basis of one bonus share for every two existing shares held on an entitlement date to be determined later. ~ 2 Apr 2015 Careplus proposes 1-for-2 bonus issueKUALA LUMPUR (Apr 2): ACE Market-listed rubber glovemaker Careplus Group Bhd has proposed a one-for-two bonus issue of 170 million new shares of 10 sen each to reward existing shareholders. “The board of is of the view that the proposed bonus issue of shares is the most appropriate avenue of rewarding the existing shareholders of the company while at the same time enhance the company’s capital base,” said Careplus in a filing with Bursa Malaysia today. The company added that the corporate exercise should encourage better trading liquidity of Careplus shares on the local bourse and greater participation by investors as well as potentially broadening the shareholder base of the company. The entitlement date will be determined and announced at a later date after all the relevant approvals for the proposed bonus issue have been obtained. The corporate exercise is expected to be completed by the second quarter of this year. Careplus shares closed up 1 sen or 1.87% at 54.5 sen today, giving it a market capitalisation of RM128.08 million. |
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Post by sptl123 on Jun 5, 2015 11:13:35 GMT 7
Thank you Bro Zuolun for my Careplus in the money liao. Careplus trades at RM 0.755 ( +RM 0.035, + 4.56%) with 2.533 million shares done on 5/6/2015 at 12.09HR. Is the following Gartley Pattern Valided/ Correct? Does the uptrend still have legs?  |
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Post by zuolun on Jun 5, 2015 11:33:55 GMT 7
Thank you Bro Zuolun for my Careplus in the money liao. Careplus trades at RM 0.755 ( +RM 0.035, + 4.56%) with 2.533 million shares done on 5/6/2015 at 12.09HR. Is the following Gartley Pattern Valided/ Correct? Does the uptrend still have legs? , Is the following Gartley Pattern Valided/ Correct? Does the uptrend still have legs? - The answer can be found in CAREPLS's Elliott Wave chart pattern.
One of the Elliott Wave rules stated that Wave-3 cannot be the shortest wave. - Rule 1: Wave 2 cannot retrace more than 100% of Wave 1.
- Rule 2: Wave 3 can never be the shortest of the three impulse waves.
- Rule 3: Wave 4 can never overlap Wave 1.
Usually for commodities, Wave-5 will be the longest wave; while for stocks, Wave-3 will be the longest wave and a minimum target for Wave-5 is 100% of Wave-1. CAREPLS (weekly) ~ The Elliott Wave pattern |
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Post by sptl123 on Jun 5, 2015 13:53:32 GMT 7
Thank you Bro Zuolun for my Careplus in the money liao. Careplus trades at RM 0.755 ( +RM 0.035, + 4.56%) with 2.533 million shares done on 5/6/2015 at 12.09HR. Is the following Gartley Pattern Valided/ Correct? Does the uptrend still have legs? , Is the following Gartley Pattern Valided/ Correct? Does the uptrend still have legs? - The answer can be found in CAREPLS's Elliott Wave chart pattern.
One of the Elliott Wave rules stated that Wave-3 cannot be the shortest wave. - Rule 1: Wave 2 cannot retrace more than 100% of Wave 1.
- Rule 2: Wave 3 can never be the shortest of the three impulse waves.
- Rule 3: Wave 4 can never overlap Wave 1.
Usually for commodities, Wave-5 will be the longest wave; while for stocks, Wave-3 will be the longest wave and a minimum target for Wave-5 is 100% of Wave-1. CAREPLS (weekly) ~ The Elliott Wave patternYes Bro Zuolun ! The Gartley Pattern is valid based on the Elliot Wave on the Daily Chart:  |
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Post by zuolun on Jun 5, 2015 14:43:43 GMT 7
Yes Bro Zuolun ! The Gartley Pattern is valid based on the Elliot Wave on the Daily Chart: , CAREPLS's uptrend is intact. The bullish breakout @ RM0.72 means the share price has successfully poked thru the resistance on a 2nd attempt. If you've already locked-in your profit, wait patiently for the retracement and go for another round of the game. The last leg of the impulsive Wave-5 is the same; it should be (5-i), (5-ii), (5-iii), (5-iv) and (5-v). The edited Elliott Wave pattern in your CAREPLS daily chart will be in-line with my CAREPLS weekly chart; you can try re-draw the Wave 5 with a min. target projection at 100% of Wave-1 (T1 to T2). One of the Elliott Wave rules stated that Wave-3 cannot be the shortest wave. - Rule 1: Wave 2 cannot retrace more than 100% of Wave 1.
- Rule 2: Wave 3 can never be the shortest of the three impulse waves.
- Rule 3: Wave 4 can never overlap Wave 1.
Usually for commodities, Wave-5 will be the longest wave; while for stocks, Wave-3 will be the longest wave and a minimum target for Wave-5 is 100% of Wave-1. CAREPLS (weekly) ~ The Elliott Wave pattern |
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