Words of Wisdom
Trading Uncertainty in Volatile Market
The months of Nov & Dec are never a good month to trade or hold a long term position if history is of any indication. Stay defensive and protect your portfolios. On one hand, this is also the time for bargain hunting. Look for stocks that stay above or preferable those that have tested the 200-day MA support - as bounces give a higher win-loss ratio.
Why is 200 moving average important? When all supports (20, 50, 100) failed, all eyes are on the 200-day MA, which makes it a significant psychological level. Many traders will take a Buy position around this key level.
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Be the first to like this. Showing 11 of 11 comments
for me, during market uncertainties, usually I will go for dividend investing.. All TA move aside. FA more important here. Any counter that could give exceptional high dividend should be the choice. Stay invested.
2021-12-06 16:39
Tasco is testing the 200-day MA support but I'm in no hurry to enter until I see there is a day of strength.
2021-12-07 11:30
U are korrect !
Dip buyers like me also can go to Holland ! as the dip can get even deeper !
2021-12-07 14:45
ahbah U are korrect !
Dip buyers like me also can go to Holland ! as the dip can get even deeper !
07/12/2021 2:45 PM
HAHAHA!
AHBAh is so honest
AHBAH STAY WITH TAANN & BPLANT FOR HIGH AND HIGHER DIVIDEND OK
2021-12-07 14:59
Samchem hitting the 200-day support and rebounded. Will there be a repeat of the 11 August rebound? Only time will tell.
2021-12-08 16:29
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CS Tan
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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....
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Will Ulicorp rebound after hittng its 200-day MA? Only time will tell.
2021-12-06 15:26