Short
Avoiding losses, avoiding crap stocks Bluesky
Now we use "Trend is your Friend" indicator to check the crap stocks of the year in ASX300, first one is Bluesky which dropped to almost nothing for the year (dropped 94%). The indicator follows the trend so there should be no buy signals for these crap stocks once it starts dropping. This should sell near the peaks to avoid losses, first sell should be just a few candle from the peak. Lets see how the indicator performs. This should avoid buying losing stocks.
For my reference:
Green triangle = buy and hold
Pink triangle = sell
Crap stocks in ASX300 2018-2019
1. BLA Bluesky (-94%)
2. CLQ Clean TEQ (-71%)
3. MLX Metals X (-66%)
4. INR Ioneer (-63%)
5. SYR Syrah Resources (-60%)
6. AJM Altura Mining (-60%)
7. AMP (-55%)
8. BWX (-55%)
9. BAL Bellamy's (-54%)
10. KGN Kogan (-54%)
For my reference:
Green triangle = buy and hold
Pink triangle = sell
Crap stocks in ASX300 2018-2019
1. BLA Bluesky (-94%)
2. CLQ Clean TEQ (-71%)
3. MLX Metals X (-66%)
4. INR Ioneer (-63%)
5. SYR Syrah Resources (-60%)
6. AJM Altura Mining (-60%)
7. AMP (-55%)
8. BWX (-55%)
9. BAL Bellamy's (-54%)
10. KGN Kogan (-54%)
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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.
Related publications
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.