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AITKEN SPENCE HOTEL HOLDINGS PLC
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@Balanced_Views wrote:Healthy markets always have a bit of profit taking. No need to panic. I think it will go to 7000
Thank you for the inspiration shark.SHARK wrote:OB or OS something i have purposely ignored.
You can not apply RSI 14 day period and say its overbought and we need to sell off. Its not like that, for some one who has monitored MA RSI they need to understand we can not apply same settings for all the shares and Indices to know whether a correction is due or not.
The reliable indicators if applied properly would be FIBs to point reversals that can precisely tell you the reversal zones.
@PROPRITER wrote:Thank you for the inspiration shark.SHARK wrote:OB or OS something i have purposely ignored.
You can not apply RSI 14 day period and say its overbought and we need to sell off. Its not like that, for some one who has monitored MA RSI they need to understand we can not apply same settings for all the shares and Indices to know whether a correction is due or not.
The reliable indicators if applied properly would be FIBs to point reversals that can precisely tell you the reversal zones.
Yes, Comparatively still there are plenty of undervalued stocks in ASI (Eg; less than 10x PE)
Actually I couldn't give a thought about this.
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