Southern Alliance(“SA”) was mentioned for long on 2 June 2021(Wed) at ard 0.965 (refer to the screenshot of the live trading call below) and start to go up the next day. Price shot up to 1.27 on Friday (4 June 2021), a potential profit of 31.6% just 2 days later, for those who received the live trading call via whatsapp, Congrats!
The screenshot of my live trading signal via whatsapp can be seen in screenshot below:
Since Friday morning, got more and more investors ask me “should sell”, “can hold further”, “I missed it, can buy now” via whatsapp, SMS, phone call. I replied those who asked me directly that better start selling, but I did not able to find time to write a post on Friday, below is my view for now:
To chase a stock after price should up 30% definitely is not a good idea, I 100% will not consider that. For those who already have SA, can find that the stock is still in an uptrend, but after recent pull back from 1.57 to 0.89, a very big pull back, we are not sure whether the uptrend will continue. So during the current rebound, it is better look out to sell gradually during rebound. Since price pull back from 1.27 again Friday afternoon, the short term momentum is turning weak. For those who still have SA position may need to be cautious and the rebound may come to an end soon. So can monitor closely, consider start to unload gradually no matter price have a tech-rebound from Friday closing price of 1.12 or pull back further. But if price suddenly suffer a quick pull back to 1.05 or below after mkt open and you do not have time to unload, then may wait for a tech rebound to start unloading.
To chase a stock after price should up 30% definitely is not a good idea, I 100% will not consider that. For those who already have SA, can find that the stock is still in an uptrend, but after recent pull back from 1.57 to 0.89, a very big pull back, we are not sure whether the uptrend will continue. So during the current rebound, it is better look out to sell gradually during rebound. Since price pull back from 1.27 again Friday afternoon, the short term momentum is turning weak. For those who still have SA position may need to be cautious and the rebound may come to an end soon. So can monitor closely, consider start to unload gradually no matter price have a tech-rebound from Friday closing price of 1.12 or pull back further. But if price suddenly suffer a quick pull back to 1.05 or below after mkt open and you do not have time to unload, then may wait for a tech rebound to start unloading.
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