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What is your trading plan next week for Wang Tai? Buy or Sell for next week?
Wing Tai Holdings Ltd, W05
Remember all setup can fail! Even very experience trader also make loss. This is not because of wrong trading strategy or decision, but just because the market changes and goes against you. Therefore, it is okay to cut lost to stop the lost become big lost.
Every trader draw their trendline, support and resistance differently. Of course, every trader uses different moving averages. Some prefer 13 MA, and for me 20 MA is good. 20 MA help to smooth out one month price action.
Moving Average MA is a powerful visual tool to help identify bullish or bearish bias of the stock. To lower the risk, it is always wise to only buy when price above the fast MA such as 13 MA or 20 MA, sell when price below the fast Moving Average.
Can we buy Wang Tai? Can wait for the price to show hand; completed bullish chart pattern, and price closed above 20 MA in this case (see chart).
Please do not jump the gun. Of course you always can buy at any time as long as you have a reason for it. One of them is of course the most common excuse when make a wrong trade decision, because the company is worth investing. Ha ha, it is really a joke! Isn’t it?
June 5, 2015 Wing Tai Holdings Ltd
Trade Plan
See Chart. But think things got more things.
Wang Tai Trade Plan base one June 6, 2015 Daily Chart
Read other W05 posting on this website.
Thanks for visiting the website.
Moses
DISCLAIMER
Site advice, “Stock trading is not a get rich quick scheme and it is high risk”.
Information provided here is of the nature of a general comment only and no intend to be specific for trading advice. It has prepared without regard to any particular investment objectives, financial situation or needs. Information should NOT be considered as an offer or enticement to buy, sell or trade.
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