The bearish candle on 8 Jan shows how strong the sellers are pushing down the price and it
is highly likely to see more selldown this week or so till it finds support at the 2nd level , i.e.
99.81 or at the 3rd level of support at 95.17.
I believe years ago, this was one of the biggest holding of Berkshire Hathaway (Warren Buffet) but he has since been disposing this stock since 2018. Could the retail buyers been following his track ?
I suggest waiting for a week or two to see how the price falls and if it gets any support and at what level before initiating a buy.
Like I always say, it is easy to buy, taking you less than a minute to click the button but it can take you weeks and months and sometimes years to make a profit. The more capital is locked up without dividends or capital appreciation, the more it eats into your winning psychology.
So, be patient and wait out.
is highly likely to see more selldown this week or so till it finds support at the 2nd level , i.e.
99.81 or at the 3rd level of support at 95.17.
I believe years ago, this was one of the biggest holding of Berkshire Hathaway (Warren Buffet) but he has since been disposing this stock since 2018. Could the retail buyers been following his track ?
I suggest waiting for a week or two to see how the price falls and if it gets any support and at what level before initiating a buy.
Like I always say, it is easy to buy, taking you less than a minute to click the button but it can take you weeks and months and sometimes years to make a profit. The more capital is locked up without dividends or capital appreciation, the more it eats into your winning psychology.
So, be patient and wait out.
Comment:
Pleasant surprise. It bounce up from the 1st support level at 104.72. Let's hope it stays that way from now on.
Comment:
Those who short at 104 to current price, congratulations !
It is now sitting at 95.17 , a fairly crucial support level , watching closely tonight or early next week for reversal signs or positive news that will elevate the price.
It is now sitting at 95.17 , a fairly crucial support level , watching closely tonight or early next week for reversal signs or positive news that will elevate the price.
Comment:
Oil price pulling oil related stocks down.....