Welcome to AmiBrokerAcademy.com Moses Stock Analysis Column.
How will SMRT Corp Stock Be in 2016?
2016 is going to be even harder to trade. China has been leading the way. Even with the intervention from the authority, China stock market just can’t hold the stock price from falling. Read more from the internet.
So, what will happen to SMRT Crop Stock in 2016? SMRT Corp has been very choppy for 2015. Overall is on an uptrend from 2014, if you will connect the valleys, the two lows; it is still an up slopping move. Can this trend continue? Let look left and see what was happening. The price went from about $1 in 2014 to the peak $1.65 of 2014. The momentum continues in early part of 2015, sent the price up to $1.80 very quickly. But the momentum disappear, the price went down to above $1.10. Many of the traders who jumped in thought they missed the opportunity will really sad. The price has a “V” reversal and bounced back up to $1.60. This did not last, the price fall to $1.40.
Where will the price go next? Well, there is always three possibilities. 1) up, 2) down or 3) sideway.
Stay cool, set your plan and trade your plan. You will not lost any when you do not trade at all. On the other hand, it is true too you may win, win a big time when you trade and trade right.
SMRT Corp stock will consider a winning stock as compare to many, the price just crash and move south. Don’t forget, it had been a bearish market for the most of the stocks at Singapore Stock Exchange, SGX. Image if you started in 2014 from $1.10 and got out at $1.40, you will still make $0.30.
SMRT Corp Limited 2014 and 2015
December 31, 2015 SMRT Corp Limited
ABCD Chart Pattern
In 2015, the stock went through a rapid uptrend first, followed by a downtrend, and finally ended with an uptrend again. It was not an easy and straight forward ride on a following the trend for this stock. How many of you were able to ride through this wave and still winning?
Is it true the stock had completed A, B, C waves of ABCD chart pattern? See chart, there are two possibilities.
Keep an open mind, and open your eyes and trade.
The market cycle is getting shorter and more volatile. Remember to take profit and cut lost if the market turns against you.
SMRT Corp Stock ABCD Chart Pattern
December 31, 2015 SMRT Corp Limited
Moses Stocks Analysis and Scan
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