There may be an exception to every rule, but there are several investing principles that are tough to dispute. Here are 10 that should help investors enjoy long-term success. 1. Sell the losers and let the winners ride. Let losers go before their value completely plummets. Of course, it’s tough to know which suffering stocks will turn around and which ones won’t. 2. Don’t chase a hot tip. Let your own research and analysis guide your stock purchases, not someone else’s. 3. Don’t sweat the small stuff. Short-term movements should not prompt panic because short-term volatility is inevitable. A quality investment will persevere. 4. Don’t overemphasize the P/E ratio, which compares a company’s share price to its earnings per share. It should be used within the proper context, and in conjunction with other analytical processes. 5. Resist the lure of penny stocks. A lousy $5 company has just as much risk as a lousy $75 company. Remember, companies with lower share prices face fewer regulatio...
Jollibee Foods Corporation JFC's price action is now at the resistance line of an upward price channel. Yesterday's candlestick pattern also needs monitoring as it may develop into a bearish star pattern variant like an Evening Star pattern *Major support at 260 Trading Plan - For short term trading position, take profit or scale down position. - Set trailing-stop on remaining position.
Even though the name implies one cloud, the Ichimoku Cloud is really a set of indicators designed as a stand alone trading system. These indicators can be used to identify support and resistance, determine trend direction and generate trading signals. Ichimoku Kinko Hyo, which is the full name, translates into “one look equilibrium chart”. With one look, chartists can identify the trend and look for potential signals within that trend. Tenkan-sen (Conversion Line): (9-period high + 9-period low)/2)) </b> On a daily chart, this line is the mid point of the 9-day high-low range, which is almost two weeks. Kijun-sen (Base Line): (26-period high + 26-period low)/2)) </b> On a daily chart, this line is the mid point of the 26-day high-low range, which is almost one month. Senkou Span A (Leading Span A): (Conversion Line + Base Line)/2)) </b> This is the midpoint between the Conversion Line and the Base Line. The Leading Span A forms one of the two Cloud boundari...
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