If 175 is the bottom, claiming 220-225 will be a sign of strength and i expect it going back up to 305. If we reject at 215, i will expect another leg down. Plan your trade and trade your plan.
anyone else know that feeling when you sell it goes higher? or sudden drop, next day UP kao kao.... man that feel kena flushed out by operator because of weakhands very sad 1
Hahaha my job is to constantly take money out of the market. Can the stock pump to 35cts or whatever price you are targeting ? Yes. But are you also ready for the stock to dump to 10cts or even lower ? I don't need to know where the price is going, have a plan and make money when price going up or down.
Most retails probably don't know know how to short a stock, you can google and see what it means but ideally you will need some TA skills to identify key levels to do that. When price reaches my level, check reaction and execute. The chart will not go all the way up, there will be ups and down and this is the best way for me to hedge and protect my capital.
TP doesn't mean you have to close your whole position, just take some profit at sensible resistance level. Eg take 25% off at the 215 level. Stop loss entry. Price goes up? GREAT! but if price reverse drop lower and invalidate your plan, you are protected and already made some profit out of your trade then you can wait for the next key level to trade.
As mentioned earlier, 215 is a key resistance level and we are indeed consolidating here. Key support level to hold 195-205 for further upside else i would expect another rotation back to the lows but volume is low so i will be cautious in entering any new position.
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....
ccpool
332 posts
Posted by ccpool > 2022-03-21 09:46 | Report Abuse
175 tapped.