Buy Sell Signals

After analyzing Bank of America’s (BAC) stock, I decided to sell my 23 units. The indicators were clear: the price had risen above the upper Bollinger Band, the RSI was above 70%, and OBV was higher than its average, signaling that the stock was overbought. With the target price for BAC set at $48, and the current price at $46, I believed the risk of a pullback outweighed the potential for further gains. While my profit was still modest at the time of sale, the overbought signals and the proximity to the predicted target price led me to lock in gains and exit the position. This decision allows me to reinvest the funds into other opportunities with better potential. It's a reminder of the importance of trusting your technical analysis and taking profits when indicators align. Now, with the proceeds, I'm on the lookout for new stocks that fit my buy criteria.

Here's the update after the regretful Apple sell...  https://buysellsignals.blogspot.com/2024/06/rookie-traders-regret-lessons-learned.html   ROOKIE STOCK TRADING BRO-ACE STRATEGY  CHECKLIST SELL: Identify Stock Holdings to SELL... Use BRO (Moomoo) and A (Yahoo Finance). All 4 must meet the criteria... BOL (20, C,2). Above Upper Band (sell).  RSI (7). Above 70 (sell). OBV. Above middle line (sell).  A. Average Analyst Price Target is equal to or less than price (otherwise let the profits run).  + Remember... Never expect the price to return to its previous high.  Never sell all share holdings of a good stock even with a strong sell signal. Sell only half? Sell on signal even if it's a loss (capital cashflow is better than stuck or falling losses) BUY: Identify Stocks to BUY Buy only S&P500 stocks... for stability and dividends. Use the Moomoo stock screener to screen SP500 stocks with a daily Bollinger indicator falling below the lower band... tap ...

I deeply regret selling all my Apple stock at $196.  Just four days later,  it surged to $208. Why did I make such a hasty decision? The sell signals seemed strong, and I lost faith in Apple due to their silence on AI advancements. However, immediately after WWDC2024, the stock price jumped significantly. This isn't the first time this has happened; I made a similar mistake with Meta stock. Lesson learned: When dealing with good stocks, it's wiser to sell only half of my holdings when faced with a strong sell signal. This strategy allows me to mitigate losses and benefit from potential price increases. ~ A Rookie Trader Learning from Mistakes  PS: New Strategy updated June 12, 2024... https://buysellsignals.blogspot.com/2024/06/july-2024-bro-ace-rookie-stock-trading.html

Just bought PepsiCo (PEP.US) at $166 each. Fingers crossed for some refreshing returns! 🥤💰

What are the details and implications of the recent share consolidation for Seatrium Limited? If you are currently holding Seatrium shares after the latest consolidation, here’s what you need to know: Share Consolidation Details: Seatrium Limited (formerly known as Sembcorp Marine) has proposed a 20-to-1 share consolidation. This means that every twenty (20) existing shares you held before the consolidation will be consolidated into one (1) consolidated share. Fractional entitlements will be disregarded, and each consolidated share will rank pari passu with each other.  Trading in the consolidated shares on the Mainboard of the Singapore Exchange Securities Trading Limited (SGX-ST) will occur in board lots of one hundred (100) consolidated shares.  Shareholder Approval: The proposed share consolidation is subject to shareholders’ approval at the upcoming Annual General Meeting (AGM) scheduled for 26 April 2024.  Seatrium will issue a letter to shareholders containing deta...