Thought I'd post up a bottom fishing list ...
Looking for signs the bottom is on a stock ? Heres a start list (But not limited to):-
1. A slow down in the sell down pace, frequency of trades
2. A reduction on the size of sell orders
3. A change in the ratio of the total depth queues (increase in buyers)
4. Big buyer appears or sudden line wipe hits sell side
5. A break in the downtrend on 5m chart
6. RSI below 50 (If stock was in uptrend)
7. Disappearance or reduction of bruised holders on social media (ie they sold)
8. Sudden blow off at bottom
9. Inside bar on the hourly
10. Swing low or hammer on hourly
11. Downrampers dominating conversation
12. Uptick in price (Obvious)
13. Downtrend break
Just takes a few of these combined ... and we are off to the races
- Forums
- ASX - Short Term Trading
- Short Term Trading Week Starting: 25 Nov
Thought I'd post up a bottom fishing list ...Looking for signs...
- There are more pages in this discussion • 105 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)