On 7 Aug (Sun), during a live zoom webinar, I made a trading call for Nanofilm, suggesting to open long position once price reach 2.07. On 11 Aug(Thur), nanofilm reached 2.07 and I made a live trading call to my members, for long on spot.
The youtube video on top is how i made the call during seminar, and below is the screenshot of my live trading idea for Nanofilm.
After that, nanofilm, a $2 dollar stock, kept going up and reached $2.43, a potential profit of +17.4% in 7 trading days. Congrats to members who caught this opportunity according to my call in seminar and live trading signals! Now many fellow investors check with me, via whatsapp sms, telegram, whether the price can go up more, whether can chase or it is time to sell already. Below is my view:
1. According to my way of analysis, nanofilm is still in a downtrend. Recent strong move so far is still just a rebound to me, although it is quite strong. Once the rebound come to an end, price is likely to drop again, may test the support near $2, or may even made new low to continue the downtrend.
2. So for those who have not open nanofilm long position, since it is likely to drop, I will suggest one to refrain from chasing now after price has gone up so much within a short period of time.
3. For those who already have nanofilm position and made profit but still holding it, and if you initially just want to do a short term trading, when price start to show weakness on 22 Aug, you definitely need to consider sell to take profit when the price is still not far from rebound high.
4. If you already in profit and feel nanofilm is a very promising company, want to keep for long term, I will not suggest you to leave all your 100% nanofilm position open because it is likely to have a pull back or may even made new low. I understand u have your reason to believe in this stock, but I always remind myself that market has a lot uncertainty and no one can be 100% sure of a stock’s future, therefore it is important to lock in at least partial profit when price is likely to pull back.
1. According to my way of analysis, nanofilm is still in a downtrend. Recent strong move so far is still just a rebound to me, although it is quite strong. Once the rebound come to an end, price is likely to drop again, may test the support near $2, or may even made new low to continue the downtrend.
2. So for those who have not open nanofilm long position, since it is likely to drop, I will suggest one to refrain from chasing now after price has gone up so much within a short period of time.
3. For those who already have nanofilm position and made profit but still holding it, and if you initially just want to do a short term trading, when price start to show weakness on 22 Aug, you definitely need to consider sell to take profit when the price is still not far from rebound high.
4. If you already in profit and feel nanofilm is a very promising company, want to keep for long term, I will not suggest you to leave all your 100% nanofilm position open because it is likely to have a pull back or may even made new low. I understand u have your reason to believe in this stock, but I always remind myself that market has a lot uncertainty and no one can be 100% sure of a stock’s future, therefore it is important to lock in at least partial profit when price is likely to pull back.
Did you miss this Nanofilm opportunity? or you feel hard to do stock pick and market monitoring to catch nice great trading opportunities, like Nanofilm and other stocks (click HERE to read other trading calls made) ? If you would like to receive trading ideas for great stocks like Nanofilm and improve your performance in future......
Follow Dr.Robin Han facebook page:
https://www.facebook.com/robinhaninvestment
https://www.facebook.com/robinhaninvestment
RSS Feed
