Sunmoonfood was mentioned for long on Monday(15 July) at ard 0.047, it triggered the entry in 5 mins and and it manage to go up within the same day. Before Monday market close, it already reached 0.055, a 17% move within the same day.
On Tuesday, Sunmoon run some more and moved up to 0.062, a 31% potential profit(from 0.047 to 0.062) the NEXT day, all attributing to the trading skills developed base on Game Theory Trading which help me caught numerous rocket stocks(click HERE to read other rocket stocks caught). Congratulations to those who caught Sunmoonfood according my trading signal! One won’t forget about the feeling to catch a stock to move up more than 30% within 24h.
On Tuesday, Sunmoon run some more and moved up to 0.062, a 31% potential profit(from 0.047 to 0.062) the NEXT day, all attributing to the trading skills developed base on Game Theory Trading which help me caught numerous rocket stocks(click HERE to read other rocket stocks caught). Congratulations to those who caught Sunmoonfood according my trading signal! One won’t forget about the feeling to catch a stock to move up more than 30% within 24h.
Above is the live trading signal I made 5 mins BEFORE the price made the nice movement.
The impressive move of Sunmoon attracted a lot attention. Since Monday afternoon, I started to receive more and more phone calls and sms asking whether Sunmoon can go up some more, or whether Sunmoon “still can buy?”.
Before we made a good trading decision, it is important to analysis long term trend as well as short term risk.
From long term perspective, Sunmoon is already in a uptrend, therefore it is possible that price may move higher in fluctuation given time. However, in terms of short term risk, it is no doubt that the risk for pull back is quite high after the rocket move of 31% within 24 hrs.
For those who did not manage to open a position for Sunmoon, as the short term risk is so high, it won’t be a good idea to chase at current price. The high probability of pull back is the important reason reason, while a lousy risk reward radio will also make it a bad trade if one want to chase.
For those who already have Sunmoon position in hand(should have nice profit already), it is important to balance potential further upside and short term risk of pull back.
After the rocket move, Sunmoon is quick overbought now and very likely to have some pull back soon and the pull back can be very deep since price went up a lot within 1-2 trading days. In addition, 0.060 is the last round high and sunmoon is likely to encounter some strong resistance ard this level.
So I myself will consider to sell gradually (partial by partial) on strength to lock in profit.
Although Sunmoon is in an uptrend and may go up some more after consolidation, I will not be too concern to sell on strength. The goal of short term trading is to catch fast movement with low risk(like in the past 2 days), instead of being greedy and hoping to earn every single cent out of a stock. actually we can always consider open a new position again if it finish consolidation and start moving again, why waste time to experience a consolidation and take unnecessary risk of deeper pull back? Just like eating fish, we prefer to enjoy the fish body with all the meat and less bones while leave the head and tail to others
Before we made a good trading decision, it is important to analysis long term trend as well as short term risk.
From long term perspective, Sunmoon is already in a uptrend, therefore it is possible that price may move higher in fluctuation given time. However, in terms of short term risk, it is no doubt that the risk for pull back is quite high after the rocket move of 31% within 24 hrs.
For those who did not manage to open a position for Sunmoon, as the short term risk is so high, it won’t be a good idea to chase at current price. The high probability of pull back is the important reason reason, while a lousy risk reward radio will also make it a bad trade if one want to chase.
For those who already have Sunmoon position in hand(should have nice profit already), it is important to balance potential further upside and short term risk of pull back.
After the rocket move, Sunmoon is quick overbought now and very likely to have some pull back soon and the pull back can be very deep since price went up a lot within 1-2 trading days. In addition, 0.060 is the last round high and sunmoon is likely to encounter some strong resistance ard this level.
So I myself will consider to sell gradually (partial by partial) on strength to lock in profit.
Although Sunmoon is in an uptrend and may go up some more after consolidation, I will not be too concern to sell on strength. The goal of short term trading is to catch fast movement with low risk(like in the past 2 days), instead of being greedy and hoping to earn every single cent out of a stock. actually we can always consider open a new position again if it finish consolidation and start moving again, why waste time to experience a consolidation and take unnecessary risk of deeper pull back? Just like eating fish, we prefer to enjoy the fish body with all the meat and less bones while leave the head and tail to others
Some investors missed Sunmoonfood rocket move, some investors may feel challenging in stock pick and price monitoring to catch nice great trading opportunities, like Sunmoon and other stocks (click here to read other trading calls made). If you encounter similar challenge in the market......
RSS Feed
