KY: "Hopefully when i trade again, I will be profitable rather the being the "Stuck Long Term investor" haha... I'm studying your blog."
KY attended a free preview. Createwealth8888 has mentioned many times liao that he has attended most of the free previews and usually could go home with one or two ideas if you are still in the learning stage.
What KY has learned from the speaker: "The speaker stressed to look out for hammer in the downtrend and shooting star in an uptrend for reversal."
KY: "I will keep a lookout for the hammer and shooting star to validate the methodology."
Createwealth8888:
Since KY is so hardworking in studying and Easter is coming, I gave him an early Easter Egg lor. LOL!
But, Uncle8888 prefered a long hammer with high volume and it will be better if it follows after the previous Long Black candle. More ferocious bulls might seen the great opportunity presented and pushed up its price and forcing more bears to cover their shorts. Click the chart bigger and read the comments.
Olam on 23 Feb 11 presented a classic example what Uncle8888 likes to see it of a Hammer in the downtrend - a key reversal.
Long Hammer with high volume with preceding day of Long Black candle.
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OLAM has good revenue and earnings growth but generates no cash flows. Beware!
ReplyDeleteSome stocks are like these Stupid! Son. It meant to be SOLD!
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