One of the most daunting and intimidating tasks for any trader or investor is trying to determine when a particular stock has reach its bottomed, or in a point where it prices no longer decreases significantly. Everyone wants to BUY LOW AND SELL HIGH.
Having the knowledge to properly assess when a stock has bottomed can unlock huge profits and can also prevent big losses. So, how can we know with confidence that a stock has reached its lowest price? No one can consistently call stock bottoms with absolute certainty , but there are some clues, such as a big volume spike on price changes and paying attention
to your stock's sector, will give you some insight into whether your
stock has reached a point where it will no longer decline significantly.
BEWARE though because many experienced investors forgot a popular stock market adage to “NEVER CATCH A FALLING KNIFE”. Be careful with bottom picking, what appears cheap may not always mean “bottom”. Always remember that buying into a market or a stock with a lot of downward momentum is quite dangerous, it can be quite rewarding – but the risks outweigh the rewards.
Here are some of the interesting stocks THAT SHOWED STRONG DOWNWARD TREND right now in Philippine Stock Market :
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| EW Chart 11.7.14 |
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| AT Chart 11.7.14 |
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| PX Chart 11.7.14 |
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| GMA7 Chart 11.7.14 |
CAVEAT !!!
Happy Trading !
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QUOTES FOR TODAY :
"There is nothing new in Wall Street. There can't be, because
speculation is as old as the hills. Whatever happens in the stock market
today has happened before and will happen again."
