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Stock Chat – Thursday 09/02/21
When to take profits? That is one of the most difficult decisions most investors encounter. However, it is greatly simplified knowing the indications created by human nature as to when a price reversal is about to occur. Join us September 18 for a full day training on when and what candlestick indicators allows investors to take profits at the optimal times. These indicators are based upon human nature creating the same scenarios time after time. Having the ability to see what type of signals are being created at technical levels, such as moving averages, that everybody else is watching allows a candlestick investor to close or take profits at the optimal levels, well before everybody else starts taking profits.
These indicators are merely common sense evaluations as seen in price moves from recommendations such as LPI that showed resistance at the 50 day moving average. Candlestick charts, on multiple time frames, make for much more clear trading decisions. This is also illustrated for covering short positions such as with our short recommendation on FIVE. It has moved to a trading level, the 200 day moving average, that everybody else can see. A bullish signal at these levels would immediately reveal this is where the selling has stopped. This is not rocket science! Join us Saturday, September 18 to learn the common sense aspects of candlestick analysis for when to buy and more importantly when to sell.
Chat session tonight at 8 PM ET. Click here to register.
Good investing,
The Candlestick Forum team
September 2nd Daily Market Comments
The Dow, currently trading positive off the T-line, is confirming the bullish sentiment that has been exhibited in the NASDAQ and the S&P 500. The uptrend is obviously still in progress, however numerous stocks are starting to show exuberance at the top of their uptrends. Stay long but be careful. A number of our recommendations that have been maintaining steady uptrends are now gapping up and extending toward potential resistance levels i.e.OSCR,INMB,LPI, be prepared to take profits soon.