HERCULES portfolio: weekly course valuationHERCULES’ mid-term trend chart is presented.
Also the mid-term trend charts of the stocks that make up the portfolio are presented. ___
Prompt: New traders should take some time and carefully read the post entitled 'You can't beat the market' that is located in my profile.
Disclaimer
The author of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only.
It is not an advice or inducement for the purchase or sale of the products mentioned. Before making any investment based on your own personal circumstances,
it is very important to do your own research and analysis and also take independent financial advice from a professional to verify any information provided here.
A copy of the text on the chart follows:
---------------------------------------------------
HERCULES portfolio: weekly course valuation
15.6% rebound
* In my previous week's portfolio valuation I mentioned that a rising reaction was probable and
that it should be considered as a chance to sell in higher prices. I noted also that this guideline
will change only if the prices cross upwards the 30d, 50d and the 200d SMAs.
* Notice that as soon as the RSI reached its oversold area we had a rising reaction of 15.6%.
However, the MACD (which is in negative area) has not yet crossed its signal upwards.
* If the portfolio price overcomes the resistance zone R and remain for 2-3 days over the 30d SMA
then we have to buy back the stocks that will follow this move (if their price is over the 200d SMA too).
* If the portfolio price fails to brake the strong resistance zone R then a sharp fall (even with a gap)
is probable.
* With the exception of ERIC, all the other stock prices of the initial portfolio (MRNA, INO, ZM, HFG
and CRSR) are below both the 30d and the 50d SMAs. INO's and ZM's price is below the 200d SMA too.
CRSR's price is below the 200(10h) SMA (the 200d SMA is not yet defined because it's a recent IPO).
* In general, we remain very cautious and closely monitor the market in the coming days, because
many index-heavy stocks are close to critical support levels that if they break down, will cause panic
and a sharp decline.
* This HERCULES' portfolio analysis and all the previous ones, apply to all the portfolios with popular
Nasdaq stocks and the new traders should follow these analyses, because they are an application
of the method described in my post "You can't beat the market", until they don't need these
analyses anymore because they'll do their own.
------------------------------------------------------------------------------------------------------------------------------
It's difficult to know yourself
It's easy to give advice to another
THALES OF MILETUS (Greek philoshopher)
