My Trading Journal

Hammer Spotted - Fake or Real reversal?

blackmeow
Publish date: Tue, 16 Jan 2018, 10:06 PM
A place to track my thoughts and ideas in trading.

Please feel free to criticise and comment but no flaming ya =)

Today, I recommend my friends to trade these two stocks. There may be more out there, but these two stocks are in my radar when they dropped until certain level. I had been waiting for quite some time to trade and enter.

Yeah, then I spotted these two. Comparing to Sumatec and all those king of penny stock, I would prefer to trade these two stocks. Im much more safer and can sleep peacefully at night at least.

Check the volume of both VS and SKPRES. Today both of they come back with HAMMER candle before market close. Very hard to spot this kind of candle in current weak sentiment in the market. If you got spot any other do let me know.


For me, VS is good for sideway trading. Skpres also worth to trade and entered @ RM2.00 level.

Well, lets observe the price action tomorrow.

Again, I must say, this is not the end of the World yet, dont panic when you see your stock dropped for 5-10%.
As long as you are not a contra player, you got holding power, and the stock that you are buying are good fundamental stock, 
you can always observe in more detail first before selling it or buying it.

Understand why you BUY and SELL is very very important! Dont simply follow so called Sifu's buy call or friend's tips.
In the end, its your own risk to BUY or SELL, so be a smart investor!





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Discussions
Be the first to like this. Showing 2 of 2 comments

VenFx

Market wrongly overly pessimistic over Strengthening of Rm may hurting EMS sectors.

Once, they figured it out.
They will know smart money has already bought their golden goose from the less smart or who is lazy to understand the Ems biz model.

Any, disadvantages from the currency effect will be short term only.
If one study the Ems carefully, he will know that.

2018-01-16 22:44

VenFx

Smart monies has again taking advantage from the fool one.

But, hey !
Still not too late to buy this " Most Expandable biz " under the hub of region manufacturers.

2018-01-16 22:53

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