AnnJoo's Plan

I will say this stock is good for setting up a trading plan.. I will say that 20MA is the resistance now.. But observing from the volume.. obviously someone is in action and trying to do something in this counter..

Stochastic showing a crossing uptrend.. MACD in sideway but the volume will cover this part..

Let me setup a simple trading plan :

Entry price : 1.685 or higher
Cut Loss : 1.61
Target Price : 1.78
Risk Reward Ratio : Reward > Risk

Target price is the resistance current stocks.. if you are entering with huge amount.. I will suggest you to take partial profit at 1.78 IF there is a sign of continuous uptrend.. otherwise straight take profit..

July 5 2012

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ANNJOO is actually sticking on 10MA .. 20MA will be his first resistance now.. volume is small these days.. a doji today.. but from queue reading.. it is still in accumulation mode.. This is a sideway trend for ANNJOO.. it is the matter of time which i believe new trend will be coming very soon..

13 July 2012

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July 17 2012

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Plan - Failed.

I didn't setup a good plan with position size trading.. such as how many money going to invest into this counter like RM5k.. partial entry ?? Seperate few position to buy in... should buy it like RM1k, RM1k, RM2k and RM1k.. 

This stock doesn't come with my expecting.. time management hit 2weeks ++ .. I give up and dont want to waste time on this stocks....

Dont want to waste time on non-CW stocks anymore even the mothershare is a sure win counter with much more patients.. but for me I am not suitable for the type who can wait long long time... 

Lesson learnt.. I will focus on what I should focus since I had set a target for myself... Trade with a better plan...