A multibagger for patient investors
Updated
BUY
- When it breaks the trendline – indicates a reversal
- Lower trendline shows an uptrend – reduced volume indicates reduced volatility after the sell-downs in March 2021
- Add more positions if it’s able to break 3.59
- A multibagger for long term position – short term wise, there are better options
- Involvement of large institutions makes short term price action lacklustre in comparison
SELL
- When it breaks the channel, it means the stock is no longer in favour
RATIONALE
- RF chips are doing well in foreseeable future
- Long term position makes one enjoy the fruit of investing with acceptable dividends
- Careful entry is needed for tech stocks in bursa as they are quite volatile compared with some other stocks
**the analysis is solely for my own references and learning
- When it breaks the trendline – indicates a reversal
- Lower trendline shows an uptrend – reduced volume indicates reduced volatility after the sell-downs in March 2021
- Add more positions if it’s able to break 3.59
- A multibagger for long term position – short term wise, there are better options
- Involvement of large institutions makes short term price action lacklustre in comparison
SELL
- When it breaks the channel, it means the stock is no longer in favour
RATIONALE
- RF chips are doing well in foreseeable future
- Long term position makes one enjoy the fruit of investing with acceptable dividends
- Careful entry is needed for tech stocks in bursa as they are quite volatile compared with some other stocks
**the analysis is solely for my own references and learning
Note
rebound right on the lower channel - observeNote
Sell immediately to nail down profits since it's no longer on the uptrend channel
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