As i had promised to write about what you will need to know when to actually buy a stocks , when to sell and when to do nothing?!
Yes, Three simple techniques.
1. Sideway stocks.. stocks that are moving sideway with no trends at all. Do Nothing. Dont Buy nor Sell.
The above shows a clear sign on when a stocks is going on a sideway especially with this example. UMWOG. Although Oil prices is reaching a higher level. Brent Oil is standing at USD79.38 (its 3 years high at the time of writing). The Stock prices are just not moving. So Stay out. Do nothing.
2. Uptrend stocks...stocks that are moving higher high and lower low. Lets look at the example of this type of stocks.
In the above example, Inari has recently retrace to a low of 1.60 from a crazy uptrend starting from 1.00. Right now Inari is at 2.13(at the time of writing). If we were to look at the trend line which i called the the "Lazy Wave"...yes meant for lazy people like me. it has shown a 45 degrees angle or what i called a 1-2 o clock position and the price actions is trading above that line. Just buy and follow the trend till the end.
3. Downtrend stocks. Stocks that are trending lower low and lower high..clearly it tells you with the confirmations of the "Lazy Wave"when it shows the directions towards the 4 to 6 oçlock position..yes follow the clock position.. Simple and effective.
Let's see this stock example. GKENT..!!!! ( I know this used to be a killer stocks and it kills everyone after that)...
Questions is do you buy GKENT now? the Answer is no...why you want to take such a risk..there is so many other stocks that you can buy...wait till it finds its based and then only buy when the trend line change back to uptrend. Currently STAY OUT!.
With this i have concluded my simple write up on 'HOW TO PICK WINNING STOCKS IN KLSE".
Till then, i will share with you on simple intraday trading techniques which you can short a stocks or long a stocks for intraday gains.
With that , have a nice investing or trading days ahead.