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SAM Engineering TA - Buy High Or Buy Low?
Recently a friend asked about my opinion on SAM Engineering, so here is my TA analysis for this popular stock since I am free tonight.
According from daily chart, the former high (point B) could not break the record high (point A), and the price is fell down continuously, so short-term support now is about 7.295. Currently, it is high possibility heading to the neckline if the short term support is fail to defend, and then a bigger head pattern will form if observe from weekly chart, and 6.00 is the support for the neckline, once broken consider bearish is confirm.
In short, I am not that optimistic regardless from daily or weekly chart, as we always buy low, not buy high, so I do think the best choice so far is keep monitoring closely, because I would rather miss and not to make a mistake.
近期有位朋友问我对SAM Engineering 的看法，难得今晚空闲就对这档热门股做了分析。
从日线来看，前高（B点）突破不了历史高点 （A 点），然后又连接往下杀，短线支撑大概在7.295。目前如果灌破就有很大的可能性来到颈线，就会在周线中形成一个大头部，而这个颈线的支撑大概是6.00，一旦跌破空头就确立。
无论从日线还是周线来看都并不是那么乐观，股票永远是买在底部，而不是买在头部，所以我认为目前最好是应该持续观望，宁愿错过也不愿作错。
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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
