I love trends..
So many to look for mate FA and TA..
Early this year around May, the market turned into a ghost town, anything you trid to trade would of been major effort to make a gain, in fact, it was that hard to trade, i stopped and turned to crypto . Wasn't until late September the market picked up.
Sell in May and go away ?
There a trend in this, IMO i think the market was/is expecting this 9 year bull run to end and go into bear mode. However, Market makers run the show, i don't think they want a crash.. maybe ever ? maybe in a few years ? who knows. But i think this trend will continue, maybe just won't be as bad as this year.
But the trend is there, low volume for a few months means everything get's sold off... but.. for those that keep an optimistic eye open, if you had bought a few good stocks in September, you would be sitting on some very nice gains.
Stock trends. This the part you need to confidant in your research and do a lot of it. A lot of us picked lithium to be a big deal, a few of us went ever future and suggested other metals tide to electric cars would also follow and make big gains. An example of this was
@minoil picking cobalt stocks to run due to cobalt being used in car batteries. A few of us also made suggestions other metals connected to electric cars would be decent trades, rare earth metals, and my two favourite that have yet to show real strength is Nickel and Manganese .
Another trend that was spotted out before the run was medical marihuana, i had seen the stellar runs on MM stocks overseas but had also could see the hype from MM healing ect being posted about in time. For me it just had a sexy story and our ASX MM stocks where ghost towns, it was a perfect time to load up and just sit back and wait for the market to catch on.
Hope that helps getting a small understanding of trends. maybe someone can do a post around this on the TA side.
