I sent out a live trading signal to members on 29 June(Monday) at ard 5.06 and it started moving the same day. On 2 July(Thur), it reached 5.83 or 15.2% potential profit,only 2 day later. Congratulations to those who made profit from this trading call! Now what should we do ? To chase or to sell, or just hold?
Screenshot of live trading signal for Top Global is shown below:
Below is my analysis:
Top glove is a medical stock making gloves. From candlestick chart we can tell that it is in an uptrend, have chance to make new high with Covid-19 still grow fast all over the world. So if you have top glove position in hand, may consider hold for a period until the uptrend start to turn down. This method can avoid selling too early and take advantage of the whole uptrend. However, when we sell after uptrend already turn down, the price will be a bit far from highest price already.
Another method is to trade a wave, consider sell on strength once price action start to turn weak or encounter some strong resistance. $6.00 will be the first resistance ahead, I personally feel it may go up to 6.2-6.3, so still can hold for now if price does not show clear weakness.
If you have not open Top glove position yet, then I will not suggest to chase after price has gone up more than 15%, but if price pull back in between, we can look out to buy on dips on weakness.
Top glove is a medical stock making gloves. From candlestick chart we can tell that it is in an uptrend, have chance to make new high with Covid-19 still grow fast all over the world. So if you have top glove position in hand, may consider hold for a period until the uptrend start to turn down. This method can avoid selling too early and take advantage of the whole uptrend. However, when we sell after uptrend already turn down, the price will be a bit far from highest price already.
Another method is to trade a wave, consider sell on strength once price action start to turn weak or encounter some strong resistance. $6.00 will be the first resistance ahead, I personally feel it may go up to 6.2-6.3, so still can hold for now if price does not show clear weakness.
If you have not open Top glove position yet, then I will not suggest to chase after price has gone up more than 15%, but if price pull back in between, we can look out to buy on dips on weakness.
Did you miss this Top Glove opportunity? or you feel hard to do stock pick and market monitoring to catch nice great trading opportunities, like T op Glove and other stocks (click HERE to read other trading calls made) ? If you would like to receive trading ideas for great stocks like Top Glove and improve your performance in future......