KAB was a good counter from my view. Their true value is reflacted on the trendline i draw. many time rebound on it. previously when it hit this trendline it seem have strong Buy after that. keep watch, if break the trandline support, do remember to CL. So far, it was fail to start new cycle of Eliot wave after the previous EW was ended at wave 5. but really this is good and healthy counter because the value was OVERALL UPTREND
It is good as long as it doesnt break through the support of 0.625. Waiting 2-3 days to check.
muzhafar
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@illya2412, next trendline support is 0.580/0.585. strong enough for the rebound. if u have extra money can park there. i feel sure as selling pressure is becoming lower and it's the right time to buy At support n sell at resistance. remember, See money Take Money is better than CL haha
just short term idea/sharing
*and yeah, for the 0.580 i forgot to plot on the graph. u can draw by pointing on August 19, October 19 with December 19 and extend the trendline
illya2412
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@muzhafar, Hi...i think the support should be around 0.52-0.53. Just my 2 cents. Lets wait till next week.
muzhafar
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@illya2412, YEAH. after it break strong support 0.580, this chart is not valid anymore. i will post new one regarding the new possibilities