Trade stocks in rising industries by Midas Touch strategy
Today, I will show you how to find the potential stocks in a just few minutes, and to decide when to buy for a long term investment. You don't have to draw too many things on graph.
This approach is suitable for those no-brainers. Enjoy.
Steps
1) Open your VectorVest program, select Hong Kong market. From the Top RT Industries section, you will see the highest %change of an industry last night was Consumer Discr(Autos&Compnnts). Now you open this industry graph.
2) Select <Midas Touch> layout.
3) Spot the MA Stop (10) & MA Stop (65) crossover, then you will find 8-Feb-17
4) Now Go to UniSearch, Choose [Searches – Prudent], Select [Super Stars]
5) Insert a parameter as <Stock Industry Group = Consumer Discr(Autos&Compnnts)> below the defaults settings
6) Click [Run Search] button and make sure sorting by Top 5, VST in descending order
The selected stocks are 0175.HK, 22358.HK, 0868.HK. Watch the [CI] value, you will can see 0175.HK has the highest value of 1.85, which reflects this stock's has a very strong ability to resist severe and/or lengthy price declines.
As we know from the industry graph in Midas Touch layout, there are no crossover since 8-Feb-2017. Then we can hold this stock until we see one.
Now, you hit the [quick test] button, 0175.HK has been risen 75% in 5 months. Check your graph accordingly. Smooth !!
You may use this strategy for different countries markets as well.
This approach is suitable for those no-brainers. Enjoy.
Steps
1) Open your VectorVest program, select Hong Kong market. From the Top RT Industries section, you will see the highest %change of an industry last night was Consumer Discr(Autos&Compnnts). Now you open this industry graph.
2) Select <Midas Touch> layout.
3) Spot the MA Stop (10) & MA Stop (65) crossover, then you will find 8-Feb-17
4) Now Go to UniSearch, Choose [Searches – Prudent], Select [Super Stars]
5) Insert a parameter as <Stock Industry Group = Consumer Discr(Autos&Compnnts)> below the defaults settings
6) Click [Run Search] button and make sure sorting by Top 5, VST in descending order
The selected stocks are 0175.HK, 22358.HK, 0868.HK. Watch the [CI] value, you will can see 0175.HK has the highest value of 1.85, which reflects this stock's has a very strong ability to resist severe and/or lengthy price declines.
As we know from the industry graph in Midas Touch layout, there are no crossover since 8-Feb-2017. Then we can hold this stock until we see one.
Now, you hit the [quick test] button, 0175.HK has been risen 75% in 5 months. Check your graph accordingly. Smooth !!
You may use this strategy for different countries markets as well.
Note
Today's red candlestick (bearish engulfing pattern) gave you a confirmation that you should prepare your exit.If you can draw a resistance trend line to connect 21-Feb and 14-Mar, then you should know yesterday's the candlestick has reached the highest price.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.