Technical Analysis
FCL and the Ascending Scallop Pattern – Part 2
By Of Bulls And Bears  •  July 1, 2017
In the end, the Ascending Scallop mentioned for FCL did not materialize as per TA may have suggested. This is one example that Technical Analysis along with a hopeful mind can lead us believing the price will go higher. Instead, FCL has dropped to 1.865 before rebounding itself.  Due to my small holding size, I felt that it is a good price to sell and have let it go at 1.895. This translates to about 20% gain from my buying price, not including the dividend received during the holding period. The risk is now passed to the new buyers. Good luck with that!...
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By Of Bulls And Bears
An introduction to myself, I am reaching 30 years old soon and still actively learning. You can say I am a real job hopper in my fifth full time job! Hopefully, the same will not be practiced in terms of stocks. I do love sports like jogging and soccer. It is essential to sweat it out especially when we are seated 40 hours a week in office ...
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