On the 27th of September '17 I reported that JKH was trending within a channel between 160-165. The price failed to hold the channel and the rest is history.
The chart posted then is given here:
Present falling knife trend is not at all attractive for the counter. The momentum built with this rapid fall won't be reversed soon, until a consolidation takes place. That too needs time. Today's pin bar candle with a long upper wick is more of a bearish nature as it is preceding a long bearish candle. As such the down trend is on, and will not be over soon. Therefore any upside must be used to sell. Buying to trade will not be a good idea as yet.
Making money in the Stock Market is not easy, but not hard only with increased education and understanding.......
Subscribe to:
Post Comments (Atom)
Loss and Gain of the ASI in 2021 vs the Loss in 2022
This ASI chart shows the All time high in 2021 of 9025.82 on the 29th 0f Jan'21 and the fall to the yearly low of 6852.64 on the 19th ...
-
From the 12th of May 2020 I started covering a Strategy on AEL, which is called M-REV. It is the combination of MACD,RSI and EMA indicators...
-
Dr. Michael Burry is the ONE EYED Physician turned Fund Manager, who figured out that the Housing Market in the US is going to fall apart,...
No comments:
Post a Comment