Technical Insight_001
- Get link
- X
- Other Apps
Some charts of interests this week. Nothing much, just the same boring, profitable technical analysis that revolves around the price has reached this level blah blah blah. Stories are cute, but ngifuna imali mina hhay izitori.
Alviva (AVV)
I have held this stock since it broke above the 200 day exponential moving average in October 2020; there was a bit of a pull back, hitting my stop loss. But I went back in when it closed above the level again, a move that so far has given me a net 39% return (after the initial ~10% loss).
The stock is currently trading near a potential resistance level. If it breaks above R13.40, there is a possibility that it can test R20 and probably move further up to reach the previous high of R24.00
Invicta (IVT)
Second time is a charm, right? Another stock that I bought when it broke above the 200EMA, the trade move as anticipated before (briefly) going nowhere. I needed cash to buy something that is moving, so I covered my position. IVT has managed to stay above the 50EMA, signalling a healthy uptrend. After finding support on the previous R20-ish resistance, I dived in again. Mid-term target is R24 with a full target at R30.
Stadio (SDO)
It hurts to talk about this one. I covered Stadio earlier this year, but funds we nowhere to be seen to take a position. The stock went up by over 80% without me, it hurts doesn't? Yeah, story of my life, but if a stock can go up by 100%, there is a room for another 100% move, which is why I'm buying the stock now. I am not hopeful, there is a solid uptrend and I have my stop loss just in case things goes south.
Few more stocks:
- Get link
- X
- Other Apps
Comments
Post a Comment