Tutorial on applying the tips

The reason investor need to follow the range to trade is because to ensure that they always enter at support level instead of resistance level. Lets look at below example, LBS.

When I gave the tips, the price 0.75 just pass the R2(0.74). The next target 0.79 been reached. At this point, you can consider to sell all of your share, or sell half. Then wait for next target, 0.84.(R3). LBS broke the R2 0.79 and went to weekly highest 0.81. Soon after that , it started to go down. If you still have share in hand, you must make sure whether the price is supported at 0.79 or not during that time. If 0.79 not supported and it drop to 0.78, now is the time to dispose all your share and lock the profit.

If the counter manage to maintain above 0.79, its next target could be 0.84. Bear in mind that 0.84 is R3, is quite hard for counter to break R3 and R4 when market is moving sideway and also the counter itself don have any good news. If let you enter when the price just started break 0.79, say 0.8. Your cut loss point will be slightly below 0.79 which is 0.78. Sometime syndicate will make false break to fishing.As long as you cut loss when the price below the Support level then you will be safe.