The trend resumes after a period without direction and breaks the counter trend line the trend has not been very clear or strong but now is a good time to entry the idea and the use of technical analysis is to buy and not have to wait six months or more so that position enters in a positive terrain.
The other aspect here to share is that this is a low Avg. Volume stock because this is a foreign company this mean this stock have a low liquidity but is a good idea for a small investor who wants to buy some shares and make a relative long term trade. and look for past support and resistance levels around 14.00 level and 20.00 level
I do not take decisions I only share reliable chart patterns that practically work immediately but other aspects of the trade like the fundamentals aspects are the work of other annalists for example the PE Ratio of this company is 32.29 this is too high or it's okay compared with other companies in the services sector.
I think that is all for today
I could fill four sheets trying to convince but this does not guarantee the future
I think that if I recognize the pattern immediately then I do not need to write a thesis about the chart.
Sorry if I sound rough :)
Patience, humility and weekly charts :(
The other aspect here to share is that this is a low Avg. Volume stock because this is a foreign company this mean this stock have a low liquidity but is a good idea for a small investor who wants to buy some shares and make a relative long term trade. and look for past support and resistance levels around 14.00 level and 20.00 level
I do not take decisions I only share reliable chart patterns that practically work immediately but other aspects of the trade like the fundamentals aspects are the work of other annalists for example the PE Ratio of this company is 32.29 this is too high or it's okay compared with other companies in the services sector.
I think that is all for today
I could fill four sheets trying to convince but this does not guarantee the future
I think that if I recognize the pattern immediately then I do not need to write a thesis about the chart.
Sorry if I sound rough :)
Patience, humility and weekly charts :(