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dude it's a loss making company with no fundamentals with negative EPS. Even if the technicals suggest a breakout or something the fundamentals suggest exactly the opposite, i think it's way to risky to trade on this still i wanna know what are your thoughts on this and what's your take on it
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CautiousChartist sandeshprabhu85
@sandeshprabhu85, In a bull market momentum is king. If there is a good breakout with volume, some big hand is interested. My analysis is limited to what a stock can do in the near future and not recommendations for anyone to buy. My purchase price is 96 which is also now my stop loss. Anything above that is profit.
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sandeshprabhu85 CautiousChartist
@CautiousChartist, i agree but decent fundamentals are still necessary i think
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CautiousChartist sandeshprabhu85
@sandeshprabhu85, True but swing trades is purely based on technical momentum. Holding period of 10-20 days - how much will the fundamentals contribute.
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sandeshprabhu85 CautiousChartist
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