Disclaimers: - No communication should be considered as financial or trading advice. - All information in this lecture/course/seminar are intended and solely for educational purpose only. - They do not constitute investment advice in any manner whatsoever or have any regard to the specific investment objectives, financial situation or individual needs of any particular persons receiving them. - Examples are used for illustrative purposes only and do not constitute investment advice.
Monday, December 30, 2019
Sunday, December 29, 2019
Saturday, December 28, 2019
How I spot Thomson Medical before it started to explode upward?
Traded the above stock on 18/12/19, entry price at $0.061. Decided to post a "Estimation" in investingnote.com.
Seven trading days later, price went up to $0.067 with enormous trading volume..
Expected the price to run up to 1st supply zone near $0.075.
Perform my scanner again on 28/12/19. Thomson Medical appeared to the no.1 base on criteria for break peak scan.
A look at the daily chart on 28/12/19
A look at the Weekly chart on 28/12/19
With the enormous upbar, it will likely to attract sellers who have bought much higher price earlier
and looking to even out without loss or breakeven. As such, daily pivot level 0f $0.065 will be observed next week to see if the price can hold above PP level.
Personal Opinion- there is still room for higher price, nevertheless, no matter what we think about the stock will do or not, the market will always prove us wrong therefore always be on guard for sudden change in emotion swing and exit quick enough to breakeven or make a small profits.
Happy Profitable Trading in 2020!
Cheers
Saturday, December 21, 2019
Why I decided to sell UMS on 17th December 2019?
Entry price was at a good level of $0.76. Waited patiently over the months to detect any sign of weaknesses that could cause the price to retrace back to its support level.
On 13/12/19 - the proprietary system triggered an expert alert "lack of demand", inorder to be sure
that the alert was correct, I had to analyze the chart carefully and decided to monitor the price action for the next few days till 17/12/19.
The price looked weak and decided to reap all the profits and wait at sideline unless there is clearer signal to re-enter this bandwidth to join the trend again..
As of todate, the price is weakening due to end of year and festive season, this is clearly shown on the reducing volume bars. Expect price to go lower until the next level of demand zone is strong enough to absorb all the sellings to stage an upturn.. till then, be happy with the harvest and move on scanning the next potential candidates... I have a few in mind and timing is important and buying usually occurs in a down bar...
All the best in 2020.. Happy Profitable Trading!
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