Is the low volume on this recovery typical ?
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Is the low volume on this recovery typical ?
The low volume tends to indicate that its not convincing
https://marketrealist.com/2014/12/in...ical-analysis/
Thanks, that's my understanding also but is it a true reflection of a weak recovery ?
An excellent post by the true legend KW who is sadly missed on here.
I use 30 day, (put on or take off a half sized position) and 100 day, (put on or take off the other half) moving averages as indicators to support my fundamental analysis.
If FA and TA both look good then far more often than not there is serious money to be made. On the other hand if FA is in question and TA looks terrible that's one's clue to stay out !
Buying stocks in a confirmed downtrend (see 6 month chart I posted for ATM this morning as one example), is an absolute mug's game especially when FA is so uncertain.
She has her way of doing things and does very well and is a lovely person too and anyone who is still in contact with her is blessed. I am always pleased to hear from her.
I follow my own nose for GARP stocks, (growth at a reasonable price) primarily following my own unique formula for finding growth and paying very little for it. No growth PE of 11 + 1 extra PE for each percent of growth I think a company can sustainable grow at in the next 7-10 years). My favorite hunting ground is to try and find free growth stocks or nearly free, (who doesn't like a free feed), like HLG where by my estimate they are trading on a forward PE of just 11-12 and you get the growth for free.
At my heart I'm a fundamental analysis person, (whereas I think KW is mainly a momentum investor). I tend to overlay TA on top of my FA rather than the other way round and use TA as either confirmation of my FA or a warning that something isn't. I find the 30 day and 100 day indicators most useful for me, doing the half size full size position thing as each indicator signals a change but others take a longer view with their TA and do just as well, like KW. She likes Chi Wawa's, I like Beagles and Terriers, both dog lovers but each to their own variety lol.
Whatever works for you mate, keep doing it :)