Below is the live trading call I made for YZJ on 4 Oct, in the morning:
According to my way of analysis, bigboy funds are generally pumping into YZJ, it has long term potential, however after price has gone up some much and mkt sentiment is not very good, it is likely to have some pull back which can be quite deep.
So first of all, it is clearly not a good idea to chase now when many retailers also notice this stock and want to chase in with herd mentality, “一买就跌” often comes from this kind of FOMO (fear of missing opportunity) behavior .
If you are trading for short term like me, do not want to suffer pull back and also have the ability to find low risk opportunities, you definitely should consider sell when price is not far from the rebound high, why put your funds and time in consolidation or even pull back?
While if you are positive for its long term growth in revenue and profit, and also ok to take some risk from fluctuation, you can hold some YZJ position for long term. But I will still suggest you to at least pocket in partial profit to lower you risk, after price shot up so much.
Date：13 Oct (Thur)
Speaking language: Mandarin
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