November 14, 2016
Singapore Stock – F03 – Food Empire Holdings Limited
Unless Your Strategy is Buy High and Sell Higher
A 30% change just on November 14 alone, open at 0.325 cents and close at 0.39 cents. Did you catch the ride? A professional trader do not rush to catch the missing trade. if you did not monitor and prepare to jump in. You will the the trade go and wait for pullback. This most of the time can reduce your risk, instead of buy high and waiting to sell higher.
Do not be sad, there are plenty of the stocks out there waiting. Be responsible and do your home work.
So, trading is not like the non-trader think, it is a very easy job just buy when the market is bullish and sell when the market is bearish.
It is always too late to make the entry, don’t you think so. Unless you are ready to buy high and sell higher.
Still can lah (Singapore English, Singlish), if the market is bullish enough!
November 14, 2016 Food Empire Holdings Limited Stock Chart
ABCD Buy Chart Pattern
The rightful way on using the chart pattern is anticipate the price action. With the pattern, you know that the price action is probably ending the last move and ready to start a new one. Look out for a support for buy entry and resistance for a sell strategy. See chart below for the possible entry.
November 14, 2016 Food Empire Holdings Limited and Support Resistance
Moses Stock Desk
AmiBrokerAcademy.com
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