Identify The Trend ... The Trend is your friend
LEGEND (Short Term Trend Outlook 1-5 days):
LEGEND (Short Term Trend Outlook 1-5 days):
Identify the Bearish Trend in the markets by Red Rating Bar
Stocks trapped in Bearish Moods/Trend tend to remain weak if not driven by +ve Fresh Leads
A1. RATING Bar in RED
... depicts Stocks in Weak or Bearish Mood
... the longer the Rating Bar in RED, the more Weaker or Bearish is its prevailing sentiments
... any Rebounds are likely Bearish or short-lived, & Not Sustainable without Fresh Positive News .
... after Rebound, it may go sideways (enter into consolidation pattern) or resume its bearish trend for the weaker stocks, unless driven by New Fresh Positive News
A2. OverSold Stocks
Stocks that are OVERSOLD may occasionally staged Sudden Bear Rebound or "dead cat bounce" if it "fell too much too fast", followed by consolidation as earlier short traders started to lock in their gains. Further downside or weaker prices may be driven by Negative News or Poor Weak Fundamentals unless its BEAR Trend terminated or selling get exhausted.
Identify the Bullish Trend in the markets by Green Rating Bar
Stocks in Bullish Moods/ tend to remain firm or upside biases if driven by +ve Fresh Leads
B1. RATING BAR in GREEN
... depicts Stocks in Positive or Bullish Mood
... the longer the Rating Bar in GREEN, the more Positive or Bullish is its prevailing sentiments
... any PullBack are likely healthy or short-lived unless driven by Negative News that halt its Upside Biases
... or it may go into consolidation mode after Profit Taking or fell back lower if there is no good positive catalysts to support its price ascend
... the Stronger stocks may resume its Upside Biases if driven by Fresh Positive News or Strong Fundamentals
... stocks in bullish moods or trend generally may attempt higher price ascend or target when supported by Strong & Good Fundamentals ELSE any upside biases may not be Sustainable
Stocks that are OVERBOUGHT may occasionally faced Sudden Profit-Taking or "Correction" if it "rallied too much too fast", followed by consolidation as earlier traders started to lock in their gains. Further upside or higher prices need to be driven by Positive News or Strong Good Fundamentals or its upside ascends can be short lived or are Not Sustainable.
NB: BEWARE of DEAD CAT BOUNCE where stocks with poor fundamentals staged Sudden Price Surges & died off as Suddenly as it had Risen on Bear Trap!
Important FootNote: Above Technical Outlook can be very unreliable & RISKY as its data & chartviews are not verified to be accurate; it is only for general info, NOT for your trading or investment.
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