2020 Stock picks

Asc - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...0v+5dsYsVMbOysB20uo=

I like Asos...problem is technically no reason to be long here atm imvho....

You can see the pivot level on the chart above...This has broken below that pivot level at around £21....

worse still if i zoom in on the chart here...
uk.advfn.com/p.php?pid=chartscreenshotsh...Hak86W+PIV3nsb/z+LQ=

you can see that (near enough) gapped below....that key level...which is a momentum trigger and a sign things are not over yet with the trend...

issue is the next support is around £11.
below that nothing to around £1....that is not a typo...

wait and watch here....that pretty much goes for all stocks imvho...

atb, wdik, dyor,
trendfriend

Easyjet...
This has come back to the trendline....and a break below looks almost inevitable...

These markets are in dangerous territory now imvho....if that level (550p) gets busted this could a lot lower....will see some numbers later...

This stock has fallen some 75% from the highs...and is still getting sold off... Some very long term holders must selling to see this still going down....

atb, wdik, dyor,
trendfriend

just a quick one here...one of the stock picks form the weekend...

ezj - weekly
uk.advfn.com/p.php?pid=chartscreenshotsh...WfeKBwr59cQNtAvctpw=

trendline hit and held perfectly

ezj - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...tK1w142mF6nWHMOh0%3D

the target of the broadening triangle held almost perfectly...
Problem is i didn't buy any....i didn't think it would hit that level so quickly...and tbh i wasn't in a buying mood anyway....

Let see what this does from here....another test of that main trendline could see it fail
Quite probably still very early days for this market reversal....

atb, wdik, dyor,
trendfriend

remo wrote: Ive never seen a bear market over in a month..
ive spoken to a few people and there mentality is that this is just a blip...and that there not even worried..
I normally gauge the fear from these type of people and if there not worried then i suspect we have a lot more to go...lol...
But common sense does say its just the beginning as so many companies are going to have profit warning and a few will go bust. Ill say around 90% will be missing there targets due to china being shut for 2 months and on top of that you have business closing due to virus in the western world which will destroy there bottom line so hence why i cant see that this is over.

good shout Remo.

...and without trying to add more woe, there are a few more factors to consider:

1. OPEC+ vs US Shale

2. The Global Economic Slowdown with or without Corona

3. The over-extended and overly heavy valuation of Stocks, or as our cousins over the Atlantic like to say, "Stawks"

4. Bad news suppression [due to Corona], plenty there to give a few tree shakes.

5. For the UK, the Brexit issue isn't done in spite of what PM Johnson keeps insisting.

6. The lack of unified fiscal policy (in the face of nationlism and protectionism)

7. The weakness of the "co-ordinated" monetary policies from Central Banks (how embarrassing was the Fed by the way? 150bp worth of bullets P!$$3d down the drain just like that). And the Dollar is STILL King (all Hail the USD!)

I don't think any of us have the answer, and it could be that some stocks have already bottomed out before the index (or vice versa!), but the basing period isn't over just yet - history has shown us that (we need to start paying attention to all these expensive lessons!)

We'll get through this, and hopefully prosper too (in an ideal world, by being strictly long - but I'm not judging and have no right to judge).

Ive never seen a bear market over in a month..
ive spoken to a few people and there mentality is that this is just a blip...and that there not even worried..
I normally gauge the fear from these type of people and if there not worried then i suspect we have a lot more to go...lol...
But common sense does say its just the beginning as so many companies are going to have profit warning and a few will go bust. Ill say around 90% will be missing there targets due to china being shut for 2 months and on top of that you have business closing due to virus in the western world which will destroy there bottom line so hence why i cant see that this is over.

another suggestion - in case anyone is interested in funds?

Matthews China Small Companies - www.hl.co.uk/funds/fund-discounts,-price...anies-i-accumulation