Friday, November 9, 2018
ASI - Reversed around 5963 and 5912 points
ASI reversed after taking support at the zone I expected between 5963 and 5912, and it happened within 2 days. That is a strong signal for the traders. However selling above 6100 will be very strong. That will be absorbed only with very strong sentiments. We need to give another 2 days to see the strength of this renewed momentum. The behaviour we would see on Monday and Tuesday will certainly determine how far the rally is going to go. Till then 6100 to 6170 is very critical. AEL. TKYO, COMB, JKH,SAMP, MGT,LLUB and TJL will be the stocks that will keep the Traders busy. Therefore getting into short term positions on these stocks with strict stop loss rules will be a must for Traders.
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 ...
-
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,... -
RCA STRATEGY The challenge of covering updates of this Strategy of Stock Accumulation was daunting. But when you stick to the Rules a... -
Amidst haemorrhage in this counter there was a reversal to the up. But that doesn't mean every thing is well. However it's worth ...
No comments:
Post a Comment