February 17, 2018
The following stock has a great rebounce since the beginning of the month (2/2), the market has a great correction. A major pullback for many of the stock. Can the rebounce last. Will see.
A Story
I thought may be it is a good idea to share the following story, truly speaking this is not a story but it is my personal encounter.
Many years I worked for a company, the company belong to a very bold group. The group runs a annual tech meeting around the world to hear from the so called high tech professor in term what will be the next technologies to invest in. (The story is not here yet.) I happen to approve by my company to be the audience to see such as grant presentation. To see the debate from these panelist to prove who is right and who is wrong. …
(The story comes …) I take the opportunity to meet an ex-staff that got a green pass to work in my company branch office. For courtesies he took me out for dinner. After the dinner he took me on his brand new car (less than a week Honda) to ride me back to my hotel. When we got in the car, he started the car engine and engage the gear. Suddenly the car moved forward, which I do not expected as the car was parked face in; in front was t low wall and some plants. My heart almost jump off my mount, I thought we did not consume and liqueur during dinner. For sure he did not got drunk.
He then smile and told me don’t worry, for their culture it is always need to move forward first before move back. So I understood that why the car move forward. But to me from an experience driver, he also got a shock at that point when the car move forward. …
The key point here, the market jump up bullish in the last few days were because of the Chinese traders that celebrating the CNY so, for the good and bullish for the rest of the Dog year, 戊戌年 let’s buy up. It does not matter whether good stock bad stock, just buy.
The above is just my real encountered. I am very sure my ex-staff just want to comfort me, as he only begin his driving life for just as new as his car.
US Stock Analysis
A Agilent Technologies and and Retest the Same High
After near 61% retracement, see chart picture worth a thousand words. The stock price retest the same high again. Can this last? Don’t know.
But see the gap up, the market think the price is too long. Now bull will win or bear will see.
Now, the current markets are not meant for the weak heart traders. If you want to have a enjoyable holiday (for those whom celebrating Chinese New Year) just stay aside and have fun, see the bull and bear fight.
Manage your risk!
Powerful Chart Software – AmiBroker
The following chart is produced using AmiBroker charting software. It is a powerful chart software. You plot the stocks you are interested all in one chart, as long as you still could read them. See chart below.
February 15, 2018 Agilent Technologies and Fibonacci Retracement
Moses
AmiBrokerAcademy.com
Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
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