HERCULES portfolio: weekly course valuationHERCULES’ mid-term trend chart is presented.
Also the mid-term trend charts of the stocks that make up the portfolio are presented. ___
Comments on the chart:
* This week the portfolio's price closed -3.6% lower.
* The price is still under the 9d SMA and the latter has a declining slope again.
* The 30d SMA has decisively crossed downwards the 50d SMA and approaches
the portfolio's price.
* A "head and shoulders" pattern (with an atrophic right shoulder) seems to be forming
but it could be transformed to another formation.
* Great attention should be paid to INO because a probable breaking of the support line
to 8.80 can cause greater and sharp decline in price.
* A current assessment of the picture of all the key market indexes, following Friday's
strong upward close, can be found in the update section of my idea entitled
"Is the market preparing for a significant fall?".
* In general, we still remain very cautious and closely monitor the market in the coming
days.
* This HERCULES' portfolio analysis and all the previous ones, apply to all the portfolios
with popular Nasdaq stocks and the new traders should follow these analyses, because
they are an application of the method described in my post "You can't beat the market",
until they don't need these analyses anymore because they'll do their own.
-------------------------------------------------------------------------------------------------------------------
Faithful the land, unfaithful the sea, greedy the profit
THALES OF MILETUS
(Greek philoshopher)
Thales (624-547 BC ) is the oldest prosocratic philosopher,
the first of the seven sages of antiquity
-------------------------------------------------------------------------------------------------------------------
Prompt: New traders should take some time and carefully read the post entitled 'You can't beat the market' that is located in my profile.
Disclaimer
The author of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only.
It is not an advice or inducement for the purchase or sale of the products mentioned. Before making any investment based on your own personal circumstances,
it is very important to do your own research and analysis and also take independent financial advice from a professional to verify any information provided here.
