Long setup. Another good stock in my watchlist. Often my readers asked me how do i minimize risk? I will choose a good fundamental stocks plus enter/exit using technical analysis, this will help you to minimize your risk as low as possible. FA + TA = 发达 Disclaimer applied.
The next level will be 1965. if failed, it will most probably drop till 1850 for the rebound.
One of my clients gave me a call this morning. asking how her funds doing? is it affected by the recent drop?
Her funds is not affected by this drop as my clients' funds is managed under a safe and conservative strategy and my performance is updated in my blog every month, see here.
Everything is transparent.
For the past 4 months, you can see that market go down by 10% in one occasion and down by 5% in two occasions. all these happen in just a short span of 4 months. Most people who don't have financial knowledge won't be able to stomach such volatility.
Investing and trading is different. Most of my clients are conservative and can't stomach volatility, eg draw-down -10% in their portfolio. They prefer their money to grow in a slow and steady manner. They are very happy as long as they can beat the inflation.
Hope Mr Market will give us a BIG FAT ANG POWS this year.