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You may see many Harmonic ABCD Chart Pattern in the SATS Ltd chart pattern, but how you decide to sell or buy. To reduce you risk in loss the money. I will advice you to consider to sell when the price is near resistance, especially near significant resistance. To reduce further your risk is after near significant resistance, the price action has also completed bearish chart pattern. Next to reduce the risk further is after the price form a lower high, or the price has retested the same high, or there is potential bull trap. The more bearish bias signals will reduce your risk further.
In one of the Collins Seow monthly revision class, one of the student told Collins that in stead of sell she buy. Collins told her that no problem, and said “I assume you have many reason to buy. You only buy when you have found many reasons to buy, otherwise you just follow blindly.” Collins suggested she cut lost as soon as the market turns against her.
So, the bottom line is you only buy or sell when you have find many reason to support your trade decision and do not be a blind follower.
SATS Ltd Stock Scan
You can find many Harmonic ABCD Chart Pattern in SATS Ltd chart below. All chart pattern will only be correct when it completed. If you speculate any chart pattern, the chart pattern is always correct until it is proven wrong at the completion.
How do you trade Harmonic ABCD Chart Pattern?
How do you know the Harmonic ABCD Sell chart pattern has completed?
1) To confirm is when you see sell chart pattern such as candlestick bearish pattern has completed, the price get rejected by the significant level, after a bullish trap, or after a lower high.
Why wait for these confirmation?
Simple have you ever experience the rain did not come even thunder storm.
If you are not interested to reduce risk, and your capital are ready for big lost. You can do anything you like lah!
June 11, 2015 SATS LTD S58 Stock Analysis
You can read about other Singapore Stocks analysis in this website.
Thanks for visiting the website.
Moses
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