One of biggest insight I can give to long term investors - Never never invest in stock where monthly RSI14 is <50, stock attempts to cross it but stays below it. Have seen enough charts to conclude. Probabilities wont be in favor and can see multi year time correction
More from kumar saurabh
#NASDAQ Will NASDAQ crash? How much more correction is to come? How to track?
An extended analysis of the morning tweet is in this Youtube video. Like and retweet for wider reach
morning tweet on NASDAQ
An extended analysis of the morning tweet is in this Youtube video. Like and retweet for wider reach
morning tweet on NASDAQ
#NASDAQ How much NASDAQ can fall?
— kumar saurabh (@suru27) June 14, 2022
Since 2000, this is the 3rd worst fall in NASDAQ
2000: 77% fall from peak
2008: 55% fall from peak
2022: 34% fall from peak pic.twitter.com/MO8KNtzQez
So, above Rs 250 Cr market cap (thats where I like to play mostly), out of 1168 companies, change in last 1 week
> 40% correction : 6 to 7%
> 30% correction : 18 to 21%
> 20% correction : 45 to 57%
Bulk of correction between 20-30% from highs
> 40% correction : 6 to 7%
> 30% correction : 18 to 21%
> 20% correction : 45 to 57%
Bulk of correction between 20-30% from highs
So, above Rs 250 Cr market cap (thats where I like to play mostly), out of 1168 companies:
— kumar saurabh (@suru27) November 22, 2021
> 40% correction : 6% companies
> 30% correction : 18% companies
> 20% correction : 45% companies
Not bad. So, almost evey second company is down by 20% from life time high
More from Screeners
How was the trap set in USA Small-Cap index
Russell 2000
It is better if you spend considerable time learning these concepts. https://t.co/caBHOO4Owa
Russell 2000
It is better if you spend considerable time learning these concepts. https://t.co/caBHOO4Owa
TRAPS? In a false breakout, the price breaks out of the range & comes back within the range. A trap is one step ahead, price not only comes back within the range but breaks down in the opposite direction. It traps the initial longs who didn't close their positions
— The_Chartist \U0001f4c8 (@charts_zone) January 22, 2022
Russell 2000 pic.twitter.com/txzjdnStzc