Dropping like stones

Hello one and all,

I have a few charts of different counters for this evening. Most of these stocks have been analysed on this blog quite recently, so today’s post is somewhat of a recap.

Basically, I have been ringing the “bear bells” on a few stocks because of bearish looking charts. Click on the charts below to see which counters have been doing badly over the last few months.

              

I do not think I have ever posted so many charts in a single post before. Anyway, some of you may now see some similarities between these stocks that have been performing badly; in some cases, a year-to-date drop of more than 35% should be considered almost disastrous. If you have noticed, when a stock remains below/goes below the 200-period moving average – whether it be the 200-week or 200-day average – that is a clear bearish sign to take away from a chart. I find it hard to hold a bullish stance when I see an instrument below the 200-period average. 

All analyses, recommendations, discussions and other information herein are published for general information. Readers should not rely solely on the information published on this blog and should seek independent financial advice prior to making any investment decision. The publisher accepts no liability for any loss whatsoever arising from any use of the information published herein.

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