Err... Remember when it broke that down trend and hit a high of 4.20?
Since then, as mentioned, most of the time, the stock would consolidate first. Which has been doing.
Now? It is picked up it's feet....
it's moving...
and chances are that it should retest that 4.20 and possible move higher...

now if you believe in averaging up ...
now? might be a good chance ... to top up.



Simpler reason to average up now.


1. you reasoned the stock was too good to be in the earlier down trend. So you buy on the breakout... around 3.80 (correct?)

2. you don't expect the stock trend to reverse in a straight line.... so you expect a pullback from 4.20. (correct?)

3. now the stock had pullback. consolidated it's position. you expect the stock back up. (correct?)

so considering 1, 2 and 3 ... isn't this a perfect position to add up?




come .... come.... think as a trader .....

Gtronic ? for the past 5 years... never in my watchlist b4..... it must be me.....

averaging down...

Me buy ... the stock moves down.
no matter what ..... the action of me buying is clearly wrong.
the market already proved me wrong.

buy more when I am already wrong?

doesn't seem correct.

averaging up....

me buy.... the stock moves up.
hey... whatever reasoning me used.... I am correct ma....
now the stock pauses... and gives me the chance to buy more of me earlier correct decision....

should me buy more?



ps.... big mistake ppl do.... they buy too much when they average up.

your initial position is 10,000 shares. When you average up, buy not more than 15% of what you already own.

i did say 5 years wo....


it's like Harta.... i no see up.


personal preference la

tech stocks... so many... so many types.... see less one won't die.



when I posted the chart of MPI? what was the price then? why you no see?

forgot to tag ChAOoz

x5


First .... it was posted 2nd Sep 2020.

Triangles are nice.....






that last statement? Adui ....

I am a prejudiced dick la ..... there are so many things I won't touch in the stock market.
I even got a blacklist.

so.... why you want to decipher me?


you should develop yourself .... not copycat me la......

if you own 5,000 shares.... go buy .... 500 shares la....

come come......

hahaha.... i just saw the price..... errr.... okay la.... your chance gone liao! the train left...............

pls dont buy already.

Resistance is futile.....

The dark side is strong...
It promises great profits...........

Greed is always good

Adjustment ..... momentum is like dunno go where already ....

set CP at 6.60.








p/s can consider this as a live fake trade I am sharing

if what I under stand is correct of what you meant ..... errr .... not a bad choice ... maybe a bit early.

A fansi!!!


Yeah... I posted that since Sep.

A possible buy price was at around 14 ....

Oh.. wrong guess for me.

I.80 was the buy price la.... for range bound trading, buy at the lower end of the range. If price is in the middle, do nothing.

Posted the chart on Sat.... post#3434




Current live chart... ya... it broke out





the triangle drawn in Sep is still there....

ya... got other stocks in Bursa besides gloves....

the price will be adjusted lower lor...



when you said ice scream, I thought you were talking about the scream-ing stock.

zat what I told ChAOoz


but he was resisting to top up.....

shit... my salesmanship tak boleh pakai

yesterday was a good day to add position ......

don't worry la.... it's not like I will chase after you with a broomstick.

Okay.

In at 6.05.
Out at 6.60.

Habis cerita. End of fake trading on Top Glove.