GC China Turbine Corp. (GCHT)

[tatrader11]

"TA shows GCHT way way below 20 on full stochastics...got my first shares today. "

sag3 how many times I got to tell you. Just because a stochastic is below 20 does not make a stock a BUY. What is 10 times MORE important is the direction of the fast and slow line and thier relation to each other. When the fast and slow are turned down and the fast is below the slow thats telling you expect LOWER the down trend is still well in place.

You are never gonna start making money trying to catch a falling life.

Ever hear the term the trend is your friend.

Well right now the chart is telling me the short term down trend has more to go and today we stalled (formed a doji). Now IF tomorrow the stock is strong and closes above the doji high THEN you have first indication the down trend is done short term HOWEVER the stochastic right now leans to lower.

Yes it MIGHT be setting the stage that the 21EMA will hold as support and should it close above the doji high then guess what, the fast line of the stochastic will be flatting.

You are gonna loss a ton of money, I would have tought you would have learned the basics by now.