With the help of VectorVest, we knew that the Aussie stock market just reverse from the bottom on 22-Jun. Therefore we apply a Bottom Fishing strategy called "VST Mighty Mites"
Results of Top 5 stock descending by VST*GPE/RT are HPI.AX, RFF.AX, GDI.AX, CDA.AX, AVN.AX
Since we are bottom fishing low-priced stocks with good fundamentals that have been beaten down. We are looking for the ideal stock(s) with RT < 1.0. By looking at the RT values from these 5 stocks, HPI.AX RS = 0.82 and RT = 1.09 RFF.AX RS = 0.89 and RT = 1.13 GDI.AX RS = 0.99 and RT = 1.04 CDA.AX RS = 1.36 and RT = 0.91 AVN.AX RS = 0.91 and RT = 1.05
Just a few seconds, we will pick CDA.AX. Also, CDA.AX has an RS of 1.36, which is very good on a scale of 0.00 to 2.00. RS is computed from an analysis of the consistency and predictability of a company's financial performance, debt to equity ratio, sales volume, business longevity, price volatility and other factors.
When to buy ? Price action showed a low test bar lying on an up-trend support line in 22-Jun, therefore buy at market open on 23-Jun
When to sell ? Rejection area near Fibonacci Channel 100% level
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miltonmoney
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CDA. yes good candle turn around2.15watching monday confirmation again may buy back in....