Most of the markets have risen by more than 20%, and this has also result in most of the stock counters rised by as much, if not much more. At this point of time, it is definitely tempting to take some money of the table. Thus I have taken profit from 2 counters and the reasons for doing so below.
Most of the readers know that this is one of my favourite stock, and thus it took a while for me to decide to sell. Luckily, that ‘while’ did not result in more downside of the price. I am still learning to overcome the emotional element despite the fact that TA has indicated a sell in the mid-term.
The chart above shows that it has tested the 200MA few times and 50MA has turned down, indicating a trend change in mid term. On the left, noticed the 2 …