I feel tired today. Remember, today and tomorrow is the Profit Taking and Lost Taking Days, so u see Supermax and Muhibah fall below 20ma line. The black candle for both not more than half of the yesterday white candle. My advice to u, wait until price cross 20ma resistance. So, pls be patient, u can make the different to your capital.
Remember, i have posted MBSB as per title above. So, watch this...
U know KEVIN MATRAS? If not, U have to buy his book, FINDING #1 STOCKS. Why? Because before this, FA guys tell TA guys sucks. TA guys tell FA guys long term investor (stuck during market down) but the reality is both of them can make profit or loss the trade. What about if u combine both FA and TA. FA for selecting the value stocks. TA to see the timing to enter the trade. So, why u need to separate between FA and TA??? I have seen many books, from own buying or from free e-books, none of them can't compare with his book regarding FINDING NO. 1 STOCKS. He have listed 5 ranking, ZACKS RANKING, no. 1 to 5. Choose only no. 1 stocks to trade. Good? Go to MPH, POPULAR or BERITA BOOK, then look for yourself.
From page 46 to 47
Title New High
Getting back to price momentum, this screen focuses on a powerful concept; buying stocks making new highs.
If somebody were to ask you what your best stocks are, you would likely name the stocks moving up the most in your portfolio. What about your worst stocks? You would say the ones going lower of course.
Simply put, the winners in your portfolio are the ones going up. Period.
If the stock is under performing the market (or worse, going down), you'll quickly identify it as one of your worse holdings-and you would be right to do so.
Since the best stocks in your portfolio are the ones going up, it only makes sense that some of these will be making new high along the way.
I know some are reluctant to buy stocks making new 52-week highs. But there's no reason to be.I suppose some may feel like they've already missed it. Or that now it has more room to fall. But is a stock is making a new 52-week high, that's a good thing. Just like a stock making a new 52-week low is a bad thing.
In fact, I'm pretty sure the person who dislikes buying stocks making new 52-week high wouldn't be too upset if the stock he already owned broke out to a new 52-week high. And why should he? As I've mentioned before, statistics have shown that stocks making new highs have a tendency of making even higher highs. These are the stocks we all dream about. Getting in and watching it go up.
Of course, the fundamentals need to be there. And you should keep a watchful eye on valuations. But if you were in a stock making new highs and cheering it on, it seems silly to be afraid of one doing the same just because you haven't bought it yet.
One question I like asking myself just to put things into perspective is: If I was in it, would I be excited and would I still want to be in it? If the answer is "yes", then I'll look for the best opportunity to get in. If the answer is "no, I would be looking to take profits," then I'llmove on.
This topic reminds me of a question someone asked me a while ago about a stock I was talking about that was at a new 52 week high. In fact, it was at a new 5-year high.
He said,"aren't you worried about buying a stock at a 52 week high?" I said of course not. so it just made 52 week high. That's great news. Guess what - last year it made a new 52 week high as well. And the year before that. And the year before that. Can u imagine all the money you'd be leaving on the table if u were afraid of being in stocks everytime they make new high??? - by KEVIN MATRAS
So let See The Big Picture
MBSB
Starting from 33 sen to 2.49 in just 4 years is a fantastic move.
now let see the small picture
If u interested with this counter, wait until bullish confirmation. Right now, price need to retrace to build up another momentum.
BIG BIG PICTURE - KLCI
What do u think???
COUNTER TO TRADE THIS MORNING
DRBHCOM
Chart Support and Resistance
Chart Support and Resistance
Indicators
NICORP
Chart Support & Resistance
Indicators
If you go by price alone, you may end up paying too much for stocks and selling them for too little.
ReplyDeleteIt is important for investors to know their level of risk tolerance and avoid exceeding it. Bad decisions often follow investors who have pushed their level of risk tolerance.
structured settlement cash
Hi Structured Settlement,
ReplyDeleteNice picture. My perception is u maybe a FA guy who look into value of the stock, earning per share and so on. As u know, I started trading using TA, so i very familiar with TA and everyday looking into position of price and take advantage from swing trading. To minimal risk, the plan is to stick to cut loss, buy at lower stochastic point, enter when all indicators, chart pattern, candlestick bullish confirming the price will going up. Since the market is depending on the crowd behaviour, normally my target price will be achieved or exceed above it. As long as u stick to the plan, u minimal your risk. Tq.