TechWatch-esgee: TJL.N.0000 - Double Bottom and a Swing Low

Thursday, March 9, 2017

TJL.N.0000 - Double Bottom and a Swing Low

Tee Jay Lanka Plc, as you can see in the chart below has come down to 37 twice, thus forming a double bottom. Also a swing low is evident with the bottom being 37. This warrants a short term trade. The chart has the trade idea.

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This blog was created by me somewhere in July 2007, I did some posts on the ASI and some stocks back then, but through discouragement, and less focus, I did not post continuously. Which I regret now. At last I'm back again, and hopefully I will continue from now on for a longer period of time. In the mean time I like you to read what I wrote when I first created the blog back in 2007, and it goes as follows......... Hi, the Colombo Stock Market is a great place to generate good Returns on Investment. But people have cried fowl about the market as, it's manipulated, rumour driven, front run, have insider dealings etc.etc. Well no one can stop those allegations, when people are relying only on verbal and printed information. This had been the norm from the time the Stock Market was opened in this Country more than a century ago. But since of late a small crowd of people started to study how the Technical Charts and Information can be made use of in the Stock Market. It is certainly proving to be working. Purpose of this blog is to create more awareness in the soceity to start investing, with sound information, without only getting fooled by rumours and other factors. I'm really happy you visited this blog. If you can benefit out of this, I'm sure your friends would do too. Please bring them in as well......

Thursday, March 9, 2017

TJL.N.0000 - Double Bottom and a Swing Low

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Loss and Gain of the ASI in 2021 vs the Loss in 2022