UnitedHealth Group Incorporatedเพิ่มขึ้น
Up then down or down then up ?
ที่อัปเดต:
If you need a story to support the gap up, here it is !
Now, the price action is at a dilemma. Above it , there is a gap down awaiting to be filled up. Below, there is a gap up also awaiting for a pull back to be filled. Which will it fill up first ?
When market opens tonight, watch the 1H chart and see how the price action determine the direction. It could go further up first to close the gap before coming down to fill the one below. Or , it could have a correction by closing the gap up and then go further up.
Usually, when I am unsure, I watch the chart first and let it tells me where it wants to go. I do not look at fundamentals so you need to factor that into consideration. If you are comfortable with this stock and think it is still undervalued, then you might want to give it a shot. Else, wait for the chart to tell you what to do.
Or it could be just up and up leaving the gap below to be filled many months/years later. A good example is EURUSD where the 1.07-1.08 gap was not filled for many months. After it was filled up recently, it went up like a rocket , non-stop charging.
There is no need to pre-empt the market direction , we are not fortune tellers but traders so we follow the market. A simple rule that many (including me) that finds its hard to adhere to from time to time. We like to prove ourselves right even if it is just once and then kick ourselves for being stubborn, a smart aleck, curse and swear, haha. It is ok if this happens once in a blue moon, after all , we are humans run by emotions.
But to make this a habit and having the need to be proven right is important to you, then either you are clairvoyant or a gambler. Trade safely, this is a marathon not a 100m dash. Take your time, you only have to answer to yourself , not others. Compare your own last results and if you are happy, that is good enough. No need to compare with others.
Now, the price action is at a dilemma. Above it , there is a gap down awaiting to be filled up. Below, there is a gap up also awaiting for a pull back to be filled. Which will it fill up first ?
When market opens tonight, watch the 1H chart and see how the price action determine the direction. It could go further up first to close the gap before coming down to fill the one below. Or , it could have a correction by closing the gap up and then go further up.
Usually, when I am unsure, I watch the chart first and let it tells me where it wants to go. I do not look at fundamentals so you need to factor that into consideration. If you are comfortable with this stock and think it is still undervalued, then you might want to give it a shot. Else, wait for the chart to tell you what to do.
Or it could be just up and up leaving the gap below to be filled many months/years later. A good example is EURUSD where the 1.07-1.08 gap was not filled for many months. After it was filled up recently, it went up like a rocket , non-stop charging.
There is no need to pre-empt the market direction , we are not fortune tellers but traders so we follow the market. A simple rule that many (including me) that finds its hard to adhere to from time to time. We like to prove ourselves right even if it is just once and then kick ourselves for being stubborn, a smart aleck, curse and swear, haha. It is ok if this happens once in a blue moon, after all , we are humans run by emotions.
But to make this a habit and having the need to be proven right is important to you, then either you are clairvoyant or a gambler. Trade safely, this is a marathon not a 100m dash. Take your time, you only have to answer to yourself , not others. Compare your own last results and if you are happy, that is good enough. No need to compare with others.
บันทึก
nice. gap closed.บันทึก
and down it goes ............no hurry to pick up this stock for now.บันทึก
Sorry folks, it is still heading south. Some asked me why healthcare stocks deemed as recession proof are also down. My answer is when tsunami comes, regardless how good your foundation is, you get washed ashore. So, maybe some companies do have strong fundamentals but still affected by the strong current so if you do buy, you get swept away too. But, hopefully when it recovered, these stocks will be the first wave to rise.
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