Asian Pay TV was mentioned for long at 0.134/0.135 on Monday(15 April) in the morning after which it had a very strong move to 0.194, up 43 % the next day.
Congratulations to those who receive this signal and made potential profit of 43%, not in not in 2 month, not in 2 week, but the NEXT day, all attributing to the unique mkt reading skills based on Game Theory.
Screenshot of my trading call for AsianPaytv is shown below, sent out on 9:07AM 15 April, BEFORE further movement was made:
Whether Asian Pay TV TR can go up even higher after reaching 0.194? How to operate thereafter?
In terms of long term trend, it already turn to uptrend, given time, Asian Pay TV is likely to go up some more, may hit other key levels, mentioned on 16 April(click here to read my view on 16 April morning), as shown in the pic below.
after the quick rocket-like move on 15 April, i was still bullish on Asian Pay TV for both long term and short term. I mentioned on 16 April morning BEFORE mkt opening that may consider enter gradually because Asian Pay Tv has potential to move higher. below it the screenshot of my reading of the stock and how I balance risk and potential then.
But after another quick move, further to 0.194, my short term view and strategy changed as of now.
For the time being, in term of short term movement, I feel it really went up a bit too fast on 15-16 April, quite overbought for short term. Besides, the resistance at ard 0.200 is very strong, not easy to be broken. In addition, the pull back on 17 April indicates that it already started a stage of pull back and consolidation, which may take some time.
With above analysis in mind, i won't expect Asian Pay Tv to have another rocket-like move again within next a few days. It may pull back to deeper level.
Therefore, i think it is NOT a good time to open new position already. On the contrary, for those who entered with good profit, it maybe a good time to unload, as least should consider to sell partial. Since the recent movement is very strong and some tech-rebound may happen now and then, may consider sell gradually whenever rebound happens.
For those who want to take advantage of the long term uptrend, i think it may not be a good idea to chase above 0.180. but if price drop below 0.168, may consider gradually open some position, better start small to control risk.
With above analysis in mind, i won't expect Asian Pay Tv to have another rocket-like move again within next a few days. It may pull back to deeper level.
Therefore, i think it is NOT a good time to open new position already. On the contrary, for those who entered with good profit, it maybe a good time to unload, as least should consider to sell partial. Since the recent movement is very strong and some tech-rebound may happen now and then, may consider sell gradually whenever rebound happens.
For those who want to take advantage of the long term uptrend, i think it may not be a good idea to chase above 0.180. but if price drop below 0.168, may consider gradually open some position, better start small to control risk.
Some investors missed this trading opportunity for Sarine with good potential profit, some investors may feel challenging in monitoring the price action and catch the next low risk trading opportunity, for Asian Pay TV and other stocks. If you encounter similar challenge in the market.....
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