My Opinion...
Counters like Takaso, Gocean are momentum based counters ,TA may indicate
good entry points but players need to meet the following criteria...
a) awareness of trend trading techniques ( entry /exit points )
b) right trading psychology ( no sentimentalism towards price and fundamentals )
c ) time affordability ( eg preferably full time to take account of minute fluctuations )
A person to understand the full market mechanics before attempting such plays...with
practice and willingness to learn ,such trading can be highly profitable ...
Patience is a virtue..
if you have any questions on any stocks please drop a comment.
Thank you
Chris Choo
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