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Monday, September 7, 2020

UG Healthcare - 3 Bars Strategy

UG Healthcare had been running up for the past 3 days and it's been so far so strong. The 3 bar strategy which I developed which is to watch the rising prices of a stock and to observe the speed and magnitude of the rise before determining if it's real sellers or buyers. For UG healthcare, the uplift was really not bad, not the strongest rise but it's still considered not too shabby. Using the 3 bar strategy, i would need to study the 5 minute chart for determining to see if the buyers would take profits or continuing adsorbing. I am watching for reactions now before taking a position on this counter.

Ronald K - Market Psychologist - A Stock Market Opportunist


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