BLU is another example of a how trader, or even a medium to long term investor is able to use the monthly chart to pick up long term equity portfolio winners and also gaining a perspective to be able to sell/cut at an appropriate level.
I originally published BLU with the following short comment at 200c 18 April 2020:
"Blue Label Telecoms: During 2017 the monthly MACD bearish crossover & RSI divergence signaled a LT 'sell'. Must admit I missed that. Recently, the MACD made a bullish crossover & the RSI is making higher lows while the price is making lower lows (+ divergence). Observation Only."
BLU original chart at 18/04/2020 has been inserted.
- For equity portfolio investors, are you reviewing enough monthly (long term charts) in or for your portfolio?
- Are you identifying key levels at which prices are potentially 'stalling' and could reverse from, or where prices could emerge and build a new long term upward trend?
Long term charts provide an alternative perspective and is often where the 'sizeable profits' are made.
For more info on we use monthly charts to identify opportunities and manage risk, or if we think BLU still has some legs, get in touch today.
Previous perspective/idea include:
AMS - A sell in March above R2115
JBL - a 10-month runner from 135c to 341c
VOD - now starting to move higher
I originally published BLU with the following short comment at 200c 18 April 2020:
"Blue Label Telecoms: During 2017 the monthly MACD bearish crossover & RSI divergence signaled a LT 'sell'. Must admit I missed that. Recently, the MACD made a bullish crossover & the RSI is making higher lows while the price is making lower lows (+ divergence). Observation Only."
BLU original chart at 18/04/2020 has been inserted.
- For equity portfolio investors, are you reviewing enough monthly (long term charts) in or for your portfolio?
- Are you identifying key levels at which prices are potentially 'stalling' and could reverse from, or where prices could emerge and build a new long term upward trend?
Long term charts provide an alternative perspective and is often where the 'sizeable profits' are made.
For more info on we use monthly charts to identify opportunities and manage risk, or if we think BLU still has some legs, get in touch today.
Previous perspective/idea include:
AMS - A sell in March above R2115
JBL - a 10-month runner from 135c to 341c
VOD - now starting to move higher
