KCE break accumulation with smart money support Hello all, As you see graph They just break accumulation, Let'bull run to test EMA200.
KCE trade ideas
KCE | Elliott Wave Correction Projection | Target -20%+Price action and chart pattern trading:
> The weekly price currently trading below EMA200 W with a possible 4-wave correction rising wedge pattern, approaching target EMA200D
> Entry @ rising wedge breakdown
> Target @ 0.618 extension rising wedge target +20%+
> Stop @ EMA200D -10% downside
> Risk reward ratio 2:1
Always trade with affordable risk and respect your stoploss
KCE | Inverted Head & Shoulders | Trend reversal patternPrice action and chart pattern trading setup
> Inverted head & shoulders trend reversal pattern
> Support Neckline 1st entry at breakout and 2nd entry at pullback
> 1st target at SMA50 as key resistance
> 2nd target at SMA200 or volume profile point of control
> Stoploss at near lowest inverted head position
> risk ratio : 2:1 is recommended for medium term trade
Indicators:
> strong smart money and banker chip volume support
> Fundflow rebounded for the first time coming out of oversold area
> BBD positive signal uptrend above baseline
> KDJ Sto positive ribbon uptrend
Always trade with affordable risk and respect your stoploss
KCE : SET INDEX Let's see how this play out
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Feel free to comment & share ur idea
Prediction is prediction it can be right or wrong
Trade safe n fun!
KCE - reverse position just in timeGood traders will stopped out the position.
Best one will reverse it.
I can’t remember who said this ,but I did remembered it from the book called The Market Wizard by Jack.
I was holding a very large position of KCE in the morning because it was the last Big-Cap stocks in SET that still had a strong big-buyers. But these kind of stock tend to do a very aggressive moves through time. Holding these kind of stocks need a closer attention. Today is one of those days. The stock opened with yesterday’s high. But due to the very bad market condition, I prepare my stop loss at the very tight 24.00. It did fall. I sold it by the way and sold it all at 23.7. I did accept the loss due to my big position. But after it fall down to 23.4 with a very large momentum, I began to short it ( using DW ). Putting by using DW is very risky so I bought it with a very small volume and increased it by the way with profits. I sold half of it at the market closed. It was a right call. Today I only suffered some small losses.
KCE MV.AVG crossed overKCE has confirmed the reversal.
The Daily Moving Average 10 had crossed the 50.
Good buying point.
KCE reached weekly resistanceKCE reached the weekly resistance.
In my opinion, the volume is not enough to break the long run resistance.
KCE and its eps influencerUptrending copper price which reflect in the eps for KCE. Hence, the stock price react accordingly.
