kgiap123

Jaks : Missed Fast Turtle Buy ?

kgiap123 Updated   
MYX:JAKS   JAKS RESOURCES BERHAD
Congrats to those who managed to catched The Fast Turtle signal.

+JAKS triggered Fast Turtle Buy at 0.705 with strong volume.
+Strong closing with Marubozu Candle with Slow Turtle Buy signal
+Monday Breakout happen at 2/3 of symmetrical triangle and the volume already exceeded last 2 weeks Volume.
+ATOM Triggered another BUY
+FiFT Remain +ve and spike up making Higher High (BULLISH Convergence)
+MCDX Spike to above 70% Bankers, 0% Retailer. BMA starting to point UP
As such, this breakout is a real deal.

Many traders ask. "I've missed Jaks.. is it too late to enter ?"
The answer is no. Jaks just breakout. Current price to FAST TURTLE support is 0.675 which is about 10% Risk

So, how to enter?. You need a plan.
You can go down to lower time frame and use Intraday Technique to enter.

Option1: Wait for Retracement
Wait for retrace to 0.72 - 0.74 zone to buy
Stop Loss 0.685 (Risk -8%)

Option2: Buy another Slow Turtle Buy
Buy above Candle High 0.77
Stop Loss:
Candle Close below breakout point 0.74 (Easily get tripped)
Below Psychological Resistance 0.70 (For low risk taker)
Candle low 0.685 (Prefered)
Fast Turtle Sell 0.675

Comment:
Retraced to 0.74 and bounce
Comment:
Who go for option1 ?


Welcome onboard Turtles !!
Comment:
Bull will need to have a good fight with bear around 0.83 first.

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