Buy now or wait till it's more expensive?
I know your thinking "This guys an idiot, that's a no brainer"
Well, I once thought that way myself, but have come to realize that buying cheap right now is not necessarily the smart thing to do in all cases.
Suppose your looking at a stock that is trading at .11. Your liking this stock and are thinking it may go higher. The boards are buzzing with hype, rumor is news is coming, email campaign is coming, every Tom, Dick and Harry is pumping this thing "To the Moon". You think I need to act NOW. What to do?
Turn to T/A. Pull a chart and find support and resistance. Check the indicators. Are they showing over bought?
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When looking at a stock trading chart, the new stock trader can be forgiven for being confused. The technical stock trader on the other hand uses various technical analysis indicators and patterns to understand trading charts. It takes time for a new trader to understand these indicators but over time, it becomes simpler.
There are hundreds of technical indicators and new ones being created every day. Some of these are free and others are paid for. Since it is impossible for the technical analyst to know all indicators that have been created, one is advised to pick a few and use them for technical analysis. Some of the popular indicators that are used are described below.
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Entest BioMedical Inc. (OTCBB: ENTB) is a majority owned subsidiary of Bio-Matrix Scientific Group Inc (OTCBB: BMSN). The Company is involved with the development of stem cell therapy treatments for Chronic Obstructive Pulmonary Disease (COPD), cancer immuno-therapies, testing procedures for diabetes and stem cell research applications for diabetes and other illnesses. The Company also is involved ...
The indices continue to find resistance at important 61.8% retracement levels this week after pulling back off these levels on Tuesday. However, with price immediately recovery a large portion of Tuesdays weakness today, its becoming more and more difficult to think that downside potential will survive this recovery. This is because the recovery now threatens to turn impulsive, and if this up leg ...
The indices managed to maintain their buoyancy all week long, courtesy of an advance back to
recovery highs on Thursday and a near-flat close on Friday. This action allows price to break a streak
of four weekly losses, leaving the Blue Chips a bit above flat on the week while the Techs recovered
almost 2%. This isn’t the type of action we’d expect to be seeing if the next down leg began at last
we
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Trading mastery can never be achieved without first achieving some measure of self-mastery. The reality is that a... ...
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