After the nice move, some started to ask me questions like “can hold further?”, “I did not take action upon receiving your signal, can I buy now”
I would like to share my view for G invacom here:
Recent half year financial report released on 8 Aug was quite good: revenue up 30% and net profit up 200-300% for quarterly and half yearly results. It is no doubt that is a pretty good financial report and the stock is also in an uptrend. So for those who already have G invacom long position in hand, it is ok to stick to current position and expect the price to go up some more. I feel the price is likely to hit the one year high of 0.140 or even go higher given time.
However, regardless the good potential of the upside of G invacom, I will say after my trading call and went up 14.4%, to open new long position now may not be a good idea, at least for me because: the potential is only 0.013 (from current price of 0.127 to strong resistance at ard 0.140) while a reasonable stop loss should be 0.009-0.011, the risk to reward ratio is not attractive. can set a tighter stop loss? You can if you insist but you may also suffer whipsaw. After going up 25.7% recently(from recent low of 0.101 to 0.127), a pull back can happen anytime and a reasonable pull back will be ard 9 ticks or more, therefore tight stock loss of 7-8 ticks or lesser can easily end up with whipsaw.
So for those who is interested in G invacom but do not have long position yet, I will suggest to wait first until it form another good setup with low risk, then consider to enter at a much better risk to reward ratio.
After all, the market sentiment is good, it is not difficult for me to find another good rocket stocks (like those opportunities I caught before, Click HERE to read some other fast moving trading signals I caught) that move up fast with low risk, all attributing to Game Theory Trading skills I developed over years. Why bother to spend time and energy on a setup with not-very-good risk/reward ratio?