Saturday, October 27, 2018

Is Mahinda the New Prime Minister - Are You Sure

The biggest mind blowing game happened on Friday the 26th of October 2018. Mahinda Rajapaksha became the New Prime Minister of Sri Lanka.
What will happen to the Stock Market Now?
As reported on the 7th of this month, RSI is in a bullish Divergence. Despit the index falling RSI DIDN'T. Last Friday the Market jumped 60 points with big volumes. This is a very strong signal.
How Mahinda Rajapaksha is officially going to be the Prime Minister is not the question I want to ask you today?
Are you a person with a stock trading account in the CSE? You need to get on board now. Start buying to a plan/strategy now.
If you want to buy tomorrow the 29th, Here is a strategy :
- buy the best stocks only.
- buy a maximum of 3 stocks.
- buy only 30 to 50% of what you want to buy of a stock in the morning. Between 9.30 and 10.30am. Thereafter cover the balance 50-70% during the day.

Market has re-acted to what happened on Friday evening, in the Morning itself. Market knew that there is a change of sentiments. RSI had reacted well before all this happened.
The expectation of the ASI testing 5982 will happen and it will become a strong support way forward. Who ever is still waiting will be those who do not want to do anything to a plan.



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