I want to share the benefit I got by using ABC Wave Pattern Analysis.
Valuetronics (BN2.SI)
Fundamentally, the company in a great shape.
It has been giving dividend for the past 5 years.
Those who bought at 20 cents enjoying about 10% per year.
I bought it in May 2014 at $0.32 and sold it averaged around $0.54 in July.
Some reasons on selling (see the chart below):
Firstly, it has passed the min target (C.min black color) of $0.44.
Secondly, it run up too fast and furious. See the price movement is way above its 200d MA. This is another indicator I used. Though 200dMA is laggard, but combined with ABC pattern analysis, I can optimise the profit. I say optimise, not taking the most at the top, which is impossible for me to do…
I told my friend who recommend this stock on ......