On Tuesday, July 26th, I sent out a live trading idea to my members regarding Mencast at ard $0.053, ard 9:19AM. After that, price has gone up very fast and reached $0.066, or 24.5% potential profit, within the NEXT day. What to do NOW?
During my live Zoom stock another session to members on Monday, July 25th, I explained that there is a potential of opportunity for Mencast. Below is the video of my analysis on Rex Int during the live session:
During the session, I mentioned that if price reach 0.053, it would be a good time to jump in to trade. On Tuesday July 26th, price did trigger my enter, and I sent out a live trading idea to my members regarding Mencast at ard $0.053, ard 9:19AM. After that, price has gone up gradually and reached $0.066, or 24.5% potential profit, the NEXT day.
Below is the live trading call I made for Mencast on July 26th, in early morning:
Congrats to members who caught this opportunity according to my live trading signals! Now many are asking whether the price can go up further after price has been moved so much, whether can buy more. Some want to chase, hoping the price will go up higher. Below is my view:
According to my ways of analysis, the stock is in uptrend, so from mid term to long term perspective, the price may go higher. However because the price has shot up so much since yesterday, the risk is very high and it's facing a strong resistance at around 0.065. So for those who haven't open long position yet, I don't suggest to chase now at a very high price.
For those who follow my live trading signal and have made nice profit, if would to do short term trading, it's a good time to sell and take a great profit. However if want to hold this stock for a longer period, I feel short term wise it's quite over bought with a strong resistance at around 0.065, I will suggest at least take partial profit and only let the rest position to run and fight for further potential.
According to my ways of analysis, the stock is in uptrend, so from mid term to long term perspective, the price may go higher. However because the price has shot up so much since yesterday, the risk is very high and it's facing a strong resistance at around 0.065. So for those who haven't open long position yet, I don't suggest to chase now at a very high price.
For those who follow my live trading signal and have made nice profit, if would to do short term trading, it's a good time to sell and take a great profit. However if want to hold this stock for a longer period, I feel short term wise it's quite over bought with a strong resistance at around 0.065, I will suggest at least take partial profit and only let the rest position to run and fight for further potential.
Did you miss this Mencast opportunity? or you feel hard to do stock pick and market monitoring to catch nice great trading opportunities, like Mencast and other stocks (click HERE to read other trading calls made) ? If you would like to receive trading ideas for great stocks like Mencast and improve your performance in future......
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