Pohkong Price still inside a big triangle while Gold already breaking ATH. But both still in "ranging market" in next 2,3years.
Pohkong price have been surging up for > 30% for past 6 months due to gold price. As gold price might be in “consolidation” probably “triangle range” for few years. So will pohkong..
PohKong May completed its “bullish triangle” pattern soon. Even Possible “stop hunting” with “hit & run” @ Rm0.73.
Missing a “boat” to ride gold with pohkong . ? Maybe @ Rm0.780 on wave (E) (cyan).for last ticket to the “moon”.?
Market probably have “priced in” the Ukraine and US rate hike factors.. While market might be waiting for how “soft landing” the inflations would be after FED “aggressively / more hawkish” on rate hike for 1 Quarter ( 3 months Core CPI) on 10 June 22. whether FED decision could have “transitory” effect on inflation/ Core CPI ( Consumers Price Index ) ..Chart...
1)On Charts : Charts consist of 3-Dimensions - The X-factor ( Time or Cycle ), The Y- factor ( Price Geometry ), AND The Z-factor ( The Speed ).. 2)On Elliot Wave / Market Structure : Unlike Textbook written rule : ALL Impulsive wave comprise of ONLY a-b-c sub-waves NOT 1,2,3,4,5 waves.. AND there is NO Truncated 5th wave BUT ONLY wrong wave counts... Disclaimer
POHKONG. Potential having more than > 5:1 "Very Good" reward-to-risk ratio trade setup, As current price of Rm0.865.. As Risk 13.29% VS 102.31%...
Tomei. Potential having more than > 2:1 "Good" reward-to-risk ratio trade setup, As current price of Rm1.070.. As Risk 20.56% VS 71.96%...
Best waiting for next impulse weekly strong candle break ma 20/50 ++ healthy volume
POHKONG's bullish triangle seem still valid.. perhaps..still waiting for GOLD price surging up to all time high again...
POHKONG chart seem like is going to completed its wave (E)( Cyan) of bullish Triangle soon. A potential of >125% Gain ( From RM0.80 to RM1.800 )...
POHKONG ( Gold/ Jewelry retailer ) may just completed its wave (D) (cyan) of bullish triangle. Price may down to Wave E ( Cyan) of triangle. Before a "Breakout Triangle" the GOLD's Bull Run!
POHKONG price seem still ranging above RM0.750 and still may form a triangle..
POHKONG price still in ranging while having possibility forming a triangle pattern.
Due to unstable market sentiment, Gold is rising as the risk is lesser comparing other investment tools. A 'W' bottom was formed and the rally continues, if the rally continues and breaks 1900, it will bring up the sentiment in the Gold-related stock. NICE, POHKONG, and TOMEI show a good entry price after a retracement from previous rally.
POHKONG has broken and closed above its trendline and now needs to either shoot higher or consolidate its position above there before soaring. A break back below the trendline would suggest a fake breakout, but until then, like Gold , the bulls are in charge.
Any input @ feedback for me to improves in drawing the chart and writing down my trading plan is really appreciated. Btw, be nice please.. Thank you and have a great trading
Any input @ feedback for me to improves in drawing the chart and writing down my trading plan is really appreciated. Btw, be nice please.. Thank you and have a great trading