Dear all,
I was busy preparing for the upcoming Diff Workshop on this coming Sunday. As such, I didn’t manage to post my stock pick for today. Based on TSC, it was a clear cut buy sign for JKSCI when it open above the down channel today. Despite JKSCI ending slightly positive, those stocks that I was supposed to post for potential short candidate managed to close slightly below OP. That is the power of Diff!
Based on V3Go Techniques, there is a good chance of JKSCI to be choppy in early trading. Hence do expect your counters may not have much gain in the morning. JKSCI must stay above 2377 to be safe on the long side. Back to the stocks…
Potential Long Candidate based on Diff:
- Lippo Karawaci Tbk (LPKR): Above 680
- Perusashaan Gas Negara (PGAS): Above 3325
Stocks on watch list:
- Mitra Rajasa (MIRA): This counter seems to be well supported at 485. If it managed to stay above 485 for next week. Good chance of rally on this counter.
Quite a number of stocks didn’t meet our requirement i.e. closed above Diff R/L or below Diff S/L with ROC showing good signal to buy or sell. Frankly, I’m looking to buy stocks that are trending down and shorting stocks that are trending up.
Please don’t be mistaken. I’m not a contrarion or don’t believe in “follow the trend”. For stocks that have rallied, it is not wrong to buy since you are “following the trend”. However the risk is higher since you are buying at a higher price. We should have bought at the start instead of trying to join in the “rat race” chasing the trend.
The good thing about Diff is that you know exactly whether the stock is ready or not. If it is not ready, we will save a lot of $$$ and heart pain waiting for the counter to rally or struggling whether to cut loss.
Good luck in trading!
CK
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