Welcome to AmiBrokerAcademy.com website.
Osim International Stock Scan
May 5, 2014 first top, followed by August 18 the second top, from there Osim stock price begin the PA reversal till November 3, 2014. The low of November 3, 2014 was lower than the last low in 2013.
See chart, the PA has tested and retested the same low and the last low was lower. Can this be the bear trap? May be.
If you plan to catch the falling knife, it better to wait for PA to bounce above River. Even if you will catch the falling knife, you should be trade with eyes open; there are may possible significant level to slow the raising move.
June 16, 2015 Osim International Limited
Trade Strategy
Buy when price action bounce above River, sell when price rejected by River. Only enter buy after price near support and completed bullish chart pattern (candlestick), and sell when the price is near resistant and price action completed bearish chart pattern.
You can read about other Singapore Stocks scan in 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.
You should seek advice from your broker, or licensed investment advisor, before taking any action.
The website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids.