QUOTE(Boon3 @ Oct 2 2020, 09:56 AM)
Here is the chart that I pulled out this morning.
Okay say we miss the first run up from March. Comfort was around 60 sen plus.
Come early June... the stock hit 4.20....
Forget about all the fundamental and justifications that the glove stocks should run very high ... yup the justifications for the bull run.... most important thing is thet we need to realise that nothing can run up forever. Stocks needs to CONSOLIDATE. Take a breather. It's a must. A golden rule.
So the stock did consolidate ( that consolidation wasn't too hard to spot. It was posted here (not on Comfort) ... and when the consolidation ends, the stock will continue its uptrend. This is indicated by the red arrow.
And so the stock shot up. Fast and furious yet again. When stock runs up fast in terms of percentage and in a short time frame, we need to lookout for what they call climax top. And once more, all the signs were there. Exactly to the teachings which can be found in the net. (search for the key phrases I am using)... Learning to spot this is certainly more important than trying to decipher Ah Yu footprints....
Look at the 2nd blue arrow. That sell signal was there.... Comfort could had been easily sold for a handsome profit at ~ 6.50. Easily. All it needed was one to stay focus and not listen to noises.
And fall it did.....
When the stock is falling... and IF one had already taken profit.... one should just let it fall. This is what I would have done. I am NOT good at catching such rebound and the sharp bounce back on 911 would not see me participate.... that's a dead cat bounce and although it can be extremely profitable (provided one is good enough to buy and sell at the precise points) I tend to shy away from such trading.
Hey... I tell myself this... if I am not good enough, I am not good enough. No need try to be a hero trying to win a game one is not good at. There's no loss and certainly no shame if one refuse to partake in a given stock rally. (something I always remind myself off)
So during the consolidation period... which is what we are seeing now.... what's good signals to look out for?
Higher lows.... that's what I look out for... and of course the build up in volume..... and breakouts/or breakdowns (aha.... the risk is the stock could breakout the other way down... ) .....
which is slightly tricky at this moment...
yes, we are seeing the higher lows... but the volume.... it's not that encouraging at this moment.....
this is how I would look at Comfort now.
See? Nothing about Ah Yu,,,
2nd like for this postOkay say we miss the first run up from March. Comfort was around 60 sen plus.
Come early June... the stock hit 4.20....
Forget about all the fundamental and justifications that the glove stocks should run very high ... yup the justifications for the bull run.... most important thing is thet we need to realise that nothing can run up forever. Stocks needs to CONSOLIDATE. Take a breather. It's a must. A golden rule.
So the stock did consolidate ( that consolidation wasn't too hard to spot. It was posted here (not on Comfort) ... and when the consolidation ends, the stock will continue its uptrend. This is indicated by the red arrow.
And so the stock shot up. Fast and furious yet again. When stock runs up fast in terms of percentage and in a short time frame, we need to lookout for what they call climax top. And once more, all the signs were there. Exactly to the teachings which can be found in the net. (search for the key phrases I am using)... Learning to spot this is certainly more important than trying to decipher Ah Yu footprints....
Look at the 2nd blue arrow. That sell signal was there.... Comfort could had been easily sold for a handsome profit at ~ 6.50. Easily. All it needed was one to stay focus and not listen to noises.
And fall it did.....
When the stock is falling... and IF one had already taken profit.... one should just let it fall. This is what I would have done. I am NOT good at catching such rebound and the sharp bounce back on 911 would not see me participate.... that's a dead cat bounce and although it can be extremely profitable (provided one is good enough to buy and sell at the precise points) I tend to shy away from such trading.
Hey... I tell myself this... if I am not good enough, I am not good enough. No need try to be a hero trying to win a game one is not good at. There's no loss and certainly no shame if one refuse to partake in a given stock rally. (something I always remind myself off)
So during the consolidation period... which is what we are seeing now.... what's good signals to look out for?
Higher lows.... that's what I look out for... and of course the build up in volume..... and breakouts/or breakdowns (aha.... the risk is the stock could breakout the other way down... ) .....
which is slightly tricky at this moment...
yes, we are seeing the higher lows... but the volume.... it's not that encouraging at this moment.....
this is how I would look at Comfort now.
See? Nothing about Ah Yu,,,
Oct 6 2020, 08:08 PM

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