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Quality Stocks
Trading you want to go with quality stocks, and not quantity! What is the definition of quality stocks? First you want to answer why you trade? Because you want to make money, right? So, the answer is obvious, stacks that make money is quality stocks. So, it is the how many stocks you own, it is how many money making stock you have.
So, look for gem quality stocks.
Picture Worth a Thousand Words
Neptune Orient Lines Limited Stock Analysis
We have been tracking NOL stock recently. See the past post for more.
Double Bottom has formed. How to trade double bottom? 1) Trade breakout, price action breakout of neckline and supported by neckline. 2) Trade rejection, price action resisted by neckline and resisted by neckline again. A bull trap.
As said before, MACD is a leading indicator. 1) MACD Divergence has provided the clue a change in price action may happen, 2) slopping down MACD Histogram has hinted the weaken in price action.
So, if you did not ride the wave on the last swing up to enjoy the result in completing the double bottom; do not chase the price action.
October 2, 2015 Neptune Orient Lines Limited
Other NOL posting;
NOL | Neptune Orient Lines Stock Analysis | Moses’ Stock Column
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The website also provides free Singapore stocks free MACD Scan.
Moses
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