Citi Bank. From my point of view, this is what danger signals look like, like a water falls. ( Left of the chart )
Danger signals is not 100% sure, but it is my basis to exit positions, I just re-enter it if it is a false signal, like what happen to LR. The light green area is the whipped area. The right side of the charts is the BUY on breakouts.
If you ignored danger signal like this stock, you need 100% run up in order for you to break even today which is 1 in a thousand chance for it to happen. Most stocks with foreign buying has second chance exit. In my opinion, it is because Big funds cannot exit their large position in a single day. But if it is a Tsupitero run, I do not expect any second chance exit. Please note that Not all stock with foreign buying has a second chance exit.
Boz Spy RSI is also a very good indicator that the trend is reversing.
No comments:
Post a Comment