Beware of some stock recommendation services. While some seems to make the task of searching for a good candidate very easy, that easy you can lose your money. Therefore, our strategy of always develop tools that can lead us to review, and when possible at the time and if not ahead of the move.
Here for example, a daily chart of a stock that was recommended weeks ago by some brand name or well know service provider. It happens, that even when TV analysts speak, we need to put those into the test, not to jump right ahead, expecting to move. Such of a strategy, expose your investment to a very high volatility and uncertainty, so the money can be gone in no time.
The idea is to avoid major loses or to cut them in time, or to produce gains that will enhance your trading experience and or portfolio. As above, our indicator shows that such of a predicted uptrend move was not going to happen, and it kept its plot all of the time, up to todays date. Later on, the upper indicator shows that in the near future, the lower indicator has been and still it correct.
For educational purposes only and not intended as a financial advice of any kind.
Wednesday, December 29, 2021
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