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Wednesday, 6 September 2017

LUSTER: 6 September 2017, Wednesday, 2.25m Singapore Time

6 September 2017, Wednesday, 2.25m Singapore Time
(Click on Chart Above to Expand)

Attached above is the technicals for LUSTER, an industrial sector stock that deals with plastics and is listed in the KLSE (KLSE: 5068). This stock is in line with my high bullishness of the industrials sector, a topic previously taught regarding the current economic cycle with respect to the consumption sector and industrial sector. If you had bought per my forewarnings to scoop up these kind of stocks in end-2016 and early-2017, congratulations, you are sitting on +100% profits. The run is far from over. LUSTER has broken up the pink resistance and the three purple lines of resistances. It is consolidating along the blue band of resistance turned support with 3 successful backtests (trinity of backtests in light orange) at 0.108-0.114. The show of intention to rally the stock is illustrated in light green, with healthy red volume flow and impulsive green volume flow as further show of intentions for strong rally.
LUSTER: Super rally is resuming soon.

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