Stock Trading Predictions & Technical Analysis: WAIT, HOLD, BUY, or SELL?

Friday, September 11, 2009

WAIT, HOLD, BUY, or SELL?

Starting today with every post on any specific stock, I will give you an indicator, either to WAIT, HOLD, BUY, or SELL. It will then be easier for you to make decisions, and measure how accurate were my predictions or how you may have performed , if you had listened to my BUY or SELL signal. Although, I don't like telling people directly that they should BUY or SELL, since you can never be right or wrong in technical analysis (you will either have successful signals and failed one's). Nonetheless, I think it's important to give a clear indication of what decision should be taken. When I give a BUY or SELL indicator, I may not necessarily be long or short myself, but if I am, I will indicate it in the same post. I think the purpose of this blog is seeing how you can achieve returns when I give you any indications to BUY or SELL.

4 comments:

UnknownSeptember 11, 2009 at 8:32 PM
Hi yoel mishra,
thanks for your TA posts regarding MGM in google forums. I have noticed it long back when MGM was $14.00 (around June) I missed your AIG prediction.

Could you also analyze and post your opinions on ABK and CIT?

Anyways good luck and keep up the work!
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YoelSeptember 11, 2009 at 9:31 PM
Hi, I just posted my quick analysis on ABK & CIT.
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UnknownSeptember 14, 2009 at 1:04 PM
Wow, that was fast response.

Yes these are speculative stocks,
just like MGM was during Mar to Jun.
With the current economy, may be I am getting used/addicted to these type of stocks.

Thanks a lot for your input.
Keep it coming!

GLTA
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YoelSeptember 14, 2009 at 3:15 PM
As I predicted on Friday: "ABK - Breakout Imminent", occurred today, jumping about +8.00%. ABK is now a BUY. Short Term price target ~$2.10,where it should settle down to, before likely continuing higher. It is usually preferable to wait for a 2nd upward gap tomorrow, but considering the price swings this stock has, you may miss your opportunity. CIT is still continuing its dead trend, down -4.00% today.
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TECHNICAL INDICATORS

BUY SIGNAL: Indicates the possibility of the start of a new up trend or the continuation of the current up trend. This signal may be often given in the early stages of a potential new up trend that was preceded by a down or sideways trend. Such signals do not always succeed and may fail at time.

BUY: Indicates that the current up trend is already in motion and a BUY SIGNAL was already given earlier. A BUY does not necessarily indicate that the stock will continue higher from here, but simply that the stock is trending up. The further into the trend you decide to take a long position, the more risk you have of seeing it reverse back down sooner rather than later.

STRONG BUY SIGNAL: Indicates a stronger, more significant and reliable signal than a BUY SIGNAL which usually has less chance of failing. Such signals do not always succeed and may fail at time.

STRONG BUY: Indicates that the current up trend is already in motion and that STRONG BUY SIGNAL was already given.

SELL SIGNAL: Indicates the possibility of the start of a new down trend or the continuation of the current down trend. This signal may be often given in the early stages of a potential new down trend that was preceded by an up or sideways trend. Such signals do not always succeed and may fail at time.

SELL: Indicates that the current down trend is already in motion and a SELL SIGNAL was already given earlier. A SELL does not necessarily indicate that the stock will continue lower from here, but simply that the stock is trending down. The further into the trend you decide to sell a position, the more risk you have of seeing it reverse back up.

STRONG SELL SIGNAL: Indicates a stronger, more significant and reliable signal than a SELL SIGNAL which usually has less chance of failing. Such signals do not always succeed and may fail at time.

STRONG SELL: Indicates that the current down trend is already in motion and that STRONG SELL SIGNAL was already given.

HOLD: Indicates that traders who already hold this stock, should hold on as long as the trend persists. This signal is usually given during an up trend for which it would be considered too risky to take a long position at this point.

STRONG HOLD: Indicates that the current trend has been in motion for a while and rarely deviated away from the trend. Although the stock may continue higher, there may not be enough potential up side to trigger a BUY SIGNAL. This type of indicator usually means that the stock has very strong support levels which may have been tested but not broken.

WAIT: Usually given during a sideways trend for which we are waiting for a move that would trigger a BUY SIGNAL or SELL SIGNAL. This could also indicate uncertainty and the risk that would be taken if you were to take a long position at the current level. Taking a long position after giving a WAIT indicator is considered a gamble.