Monday, March 17, 2014

5584 YeeLee

5584  - YeeLee  : Challenging new high!

Based on 1 year chart, Wave 3 is still processing!
If 1.48 can be taken out with good volume, should be testing 1.98 for wave 3 peak.
Volume have been building up for last month








Cup and handle formation??? Though not a perfect cup... but make do make do.  Now... we just need VOLUME for this stock to scale higher! However, directors are disposed some holdings at open market but not at big quantity!  http://klse.i3investor.com/servlets/stk/announce/5584.jsp


Trading plan:
Buy at 1.48 if huge volume kicks in, EXIT if 1.30 break! Short term TP is 1.98.
Price probably will retest 1.48 for support if it manage break it with volume before it scale higher.

Disclaimer: Buy & Sell at your own risk!

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