Monday, 23 January 2017

[review] 2017 w3- look into the trading counters

Foreword
Trying to blog every week consistent, so that i am mindful of the trades i make. so i will practise the cut if i hit some losses. I'm avoiding stock picking series as i do not have so much time to monitor my trades, and i have mentioned in my earlier post at the end of 2016, i want to trade at a longer time frame. This is to achieve a less stressful life while trying to to be financial secure.


Trade portfolio

Acromec. This counter my avg price in it is at approx ~57.5c. the price has been trying to reach an equilibrium, and you can see the price action is strong. the smart monies are definitely in this counter, so with approx $5k of funds in this, i will wait out and see, afterall im in it in cash! bullish as abv SMA50


Dynamac. Bullish counter because abv SMA50 and SMA200, there is some bullish candlestick pattern. the support of 17.5c is also solid. the plan is to exit if it breaks down under the SMA50.


Spackman. EP at 19.4c so my SL is when it goes under SMA50, as you can see it respects SMA50 dynamic support for awhile already, so if it breaks down from it... probably means the trend has reverse and time to exit. thinking back, i think this is a case of buying too far from the respected MAs. well, back then i was a noob, so i have to see thru this trade well.


 Sunmoonfood. Entered the counter on a price breakout and there was one. subsequently it hover, and now it is surging above the SMA50. looks like there can be sustained buying to keep it above the SMA50, but will have to be careful of the 13.3c point, because it seems it is there where there were many trapped retailers who will dump the shares at that price point. so anyway, i'm in for this ride, the upside is potentially nearly 30%!

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