Find a counter that most people are still bearish (hesitant to go in) and backed by fundamentals and trend/hype/momentum. You don't want counters like BAT that has dropped 50%. Find one with positive momentum and good thematic play. Steel/tech/glove/entertainment/logistics/aluminium. Most of technical analysis is just (Not letting people to cut loss and dump on you, and following the smart money). Uncle auntie in BAT stuck for years you think it is going to go up to RM60 again?
The famous "head and shoulder" technical pattern can literally be translated into "People chased high stuck at high floor. Sell first so these bagholders don't get to cut loss and stock price will go down".But this usually applies to garbage penny stocks with no fundamentals and intraday traders.
It is not going to be the next TG if everyone else thinks so. Everyone thought Mr DIY was going to crash hard after IPO. Didn't happen. Most people kept buying the dip in Supermax because "buy the fear, sell the greed". Didn't happen. For a more short term and recent example, people thought Ambank will limit down twice. Being a contrarian, I bought the dip yesterday because I think it was plain overreaction and irrational panic
If everyone has the same bullish thesis, it has a lower probability to happen because the momentum has already priced in. (All bulls have already bought in, no more external factors/bears turned bulls). Tesla, every shorts have been killed and no one else is bearish on Tesla, now it is finally having a correction.
Also, FOMO is a drug. Reading stuffs on i3 is fun occasionally and putting your hard-earned money on the line because some forumers hyping up a stock is not a cool idea.
TLDR; Jump in when everyone else is in doubt. Not when everyone is in celebration mode.
Again, for my daily dose of shitpost, Bursa tech is not dead. To 100 we go
One could defy gravity temporary; long term economic equilibrium always prevail.
The i sold all blogpost is out. Cant say we are not expecting this right? In the end he still earn one la, probably selling all the way down while writing blogpost, so livermore market operator style haha.
His pattern always same sop, hype it up with fundamental to extraordinary level, the sell it all the way down and let other pick up the broken pieces. Company will still stay intact but shareholder money get burn
Kyy is a giant old croc.