The rally last Monday was impressive, If it can sustain this week, second round of the bull market. Some stocks showed a green signal with volume. I am 99% in cash, what an opportunity if I am right. You must also remember, green signals is sometimes the TOP, The reason is sometimes, whales jock up the price so they can exit easily with volume, since their positions are too big for the market to swallow. So, just be careful.
I will probe first like FX, when it shows me profit, I enter and watch for danger signals.
Disclaimer: This is a legal notice. Please read it carefully in its entirety. It is your responsibility to understand this notice. If you do not understand it, please seek the assistance of a competent advisor.The content in Trend Follower is for educational purpose only. This is not a recommendation to buy or sell any security and no information contained here should be interpreted or construed as investment advice. My opinion is subject to change without notice. Trend Follower will not accept any responsibility or be liable for any investment decisions based on the information discussed here.
5 comments:
idol tracer, baka may green signals na tayo dyan
unfortunately wala pa green signal, cybr must break 1.31 and LND must break 2.49, play it at your own risk, my candidate for green signal, tried to buy the dips but still going up but no volume, so, I will not chase it. But maybe by the closed, will see.
okay, thanks idol tracer
sir tracer may kinalaman ba ang volume sa calculation ng green signal or purely price action lang?
My own criteria ang volume. Most of the time volume is important for liquidity, Easier to enter and exit in case you are wrong, if there is no volume, say you entered xxx @ 1.0 for 100,000, and xxx closed 1.3 with 1M volume. Next day or after 3 days, the most probable scenario xxx stock is down big time, because there is no buyers and sellers. Just observed daily the top gainers and top losers without volume.
But if no volume and the buyer is a foreigner, I will take risk. It may mean, they know something we don't.
Especially if he is buying it up. :-)
Post a Comment