Swing Trading Model

[LiveLife]

= SHMP = Technical Comment (Sort of)

Repost from SHMP board - https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145551181


"Here's a comment from a technical swing trader - https://investorshub.advfn.com/Swing-Trading-Model-36395/

It's a fact that even big board listed stocks depending on market conditions, new developments, company fundamentals change, or for other reasons can become temporarily technically "non-trendable".

With penny stocks and particularly with OTC/pinksheet stocks, technical charts can become "non-trendable" with greater frequency and when this occurs, I recommend people either not to trade such stocks or "speculate" and trade short-term share price swings by BUYING on DIPS and SELLING on POPS. I recently traded HMNY and posted my BUY at $.0137 on 11/20/18 at the dismay of many members on the board who thought HMNY had not bottomed yet - https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145017662

Well, HMNY popped to $.0170 for 27% gain and after profit taking, popped again from $.0145 to $.0190 for 31% gain. While company fundamentals are still poor for HMNY, I will continue to speculate and trade the swings by BUYING on dips and SELLING on pops.

On the Swing Trading watch list, I currently have 4 stocks on "Speculate" with SGYP/SN on WATCH and HMNY/SHMP on BUY - https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145550780

Compared to HMNY, SHMP company fundamentals are actually pretty good. If I was investing in SHMP, I would take a large position at current price levels and accumulate on dips as I anticipate price rising after next PR/news release of harvest and patent approval.

But since I am a technical swing trader speculating on SHMP, I will buy on dips and sell on pops. Interesting to note for SHMP is that unlike many other stocks, it is listed in the "Pullback" category of the swing trading breakdown table that often rebounds after a period of falling.

The key question to ask now is "Where is the next bottom?"

That depends on many things and I do not have a crystal ball. But I think we are fairly close to the bottom. I moved SHMP to BUY on Speculation because stocks on pullback rebound can pop very quickly and go exponential with any good PR/news at which time I will take profit, since I am a swing trader.

And as always, when you see increasing negative posts on a board, keep in mind the motive/intent of the posters. If they are shorting the stock or want to buy at lower share price, they will post negatively to push the price further down to cover and/or buy.

Think about it. ;)

GLTA"