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10:16 AM
Joehari Matt
Read earlier outlook on SAAG at here: worst over for SAAG?
The final buy set-up (such as micro double bottom pattern or reversal signal didn't materialize), which means for I am not expecting a fast short-term gain.
Other view still maintain:
1. It's already well corrected - obviously oversold. More comfortable to enter.
2. If you are looking for super 'cheap sale' stocks, maybe to have one of penny stock in your portfolio, this could be the one.
3. The disadvantage is it easy to be manipulated but the profit potential in term of percentage is tremendous. The reward over risk ratio is great.
4. Not exactly a rebound stock after a correction or technical pattern buy but the pivot/support should stay at 0.15 based on my Elliot wave counting. (BTW, Elliot Wave counting is not really suitable for this type of stock)
6. 0.15 pivot level is the final 'forget it' signal. For early warning signal watch for support collapsing warning at 0.17-0.165
7. SAAG need to break from 0.205 resistance as 'confirmation' signal that it is alreadyout of the wood and will go very far.
SAAG daily chart (click to enlarge):
Below : SAAG weekly chart (click to enlarge):
Other info on SAAG at thestar
Read earlier outlook on SAAG at here: worst over for SAAG?
The final buy set-up (such as micro double bottom pattern or reversal signal didn't materialize), which means for I am not expecting a fast short-term gain.
Other view still maintain:
1. It's already well corrected - obviously oversold. More comfortable to enter.
2. If you are looking for super 'cheap sale' stocks, maybe to have one of penny stock in your portfolio, this could be the one.
3. The disadvantage is it easy to be manipulated but the profit potential in term of percentage is tremendous. The reward over risk ratio is great.
4. Not exactly a rebound stock after a correction or technical pattern buy but the pivot/support should stay at 0.15 based on my Elliot wave counting. (BTW, Elliot Wave counting is not really suitable for this type of stock)
6. 0.15 pivot level is the final 'forget it' signal. For early warning signal watch for support collapsing warning at 0.17-0.165
7. SAAG need to break from 0.205 resistance as 'confirmation' signal that it is alreadyout of the wood and will go very far.
SAAG daily chart (click to enlarge):
Below : SAAG weekly chart (click to enlarge):
Other info on SAAG at thestar
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