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Hi chow. No solid answer. I can only answer you that when Bolligan band tunnel narrows to 5-10% scope. I recommend you to follow YouTube stick master J Low
I personally like this stock a lot but I cut losses. I will plan to buy in again when the bolligan trend line narrows and stabilise the variance within 5% for at least 1-2 weeks before buy in again. Please don’t rush to buy or average down.
Thanks Jarrel. As long as it offers attractive discount to its fair value and business disruptions resulting from corporate social responsibilities, I would welcome lower prices. I do not intend to trade stocks like Tenaga which is heavy on institutional. Their actions provides market prices for us to decide on whether do we wanna buy it. If not interested, skip it. Wait for their next actions :)
In my point of view.. Bolligan trend line alone is not reliable enough to give a correct buy/sell signal. I usually combine other indicators such as MACD, RSI, Sochastic RSI and DMI to reduce the risk of getting false signals whether I am keen to short term / long term trading.
Yes, I agreed with you that the trend is still currently downtrend. Let's wait for the reversal signals :)