Good set up of stock in Kuwait financial exchange

Updated (8-20):  Kuwait stocks are avoided till the index find ground.



I've followed this stock for more than 10 days ago waiting to retest the broken resistance at 41.5 Fils (small Kuwaiti currency like pence). Unfortunately, I was sleeping when the confirmation signal triggered. However, there still a change to follow the trend and jump in tomorrow to make some money for next week.  So my plan is to buy this stock at the current level or below unless the support at 41.5 broken. My target is 47 or when the minor trend shows a relative weaken and stop loss at 41.

   

ANF where is heading?

Regardless of negative analyst opinions, ANF is showing one of pattern in technical analysis. After a Continuous  decline from top in 2011, the stock pause for a while here. The consolidation zone within 19$ to 23..$ is considered a potential shifting the trend. As trader I prefer to buy some of shares when price breakout above price area between 23$-23.6$ with high volume and the possible target is the distance between support and resistance which is 4$ for conservative trader. Remember the best trades those which are psychologically and emotionally controlled.


Weekly chart depicts the super-downward channel

Daily chart shows the consolidation area between support and resistance. Hopefully to breakout with high volume.

Update: 26/6/2015


ANF is trading near the resistance at 23.5$ (see how round number is important) and it is starting to bring attentions as long as it approaches slowly to this area. I will play man to man (football tactic which mean watching it closely) with this stock  for a possible trade.

update: 20/8/2015

the stock broke the support and it leave watch list.

Avoid Chinese stocks until $SSEC find some support

The Shanghai index is important specially when you are used to buy Chinese stocks such as BIDU or PXLW. Unfortunately, the index fell more than 12% but some chinese stocks show some strength. Lets see $SSEC chart in daily basis.

 

The free fall of $SSEC could reflect on chinese stocks. I don't know why does $SSECC fall like this but who's care since the chart tell you what should you do. $SSEC might find group near 4100 since then I don't recommend to trade chinese stocks.

After 4 years

here we go now.