RDPD富爸穷爸
2022-03-16

I don't know if China stocks had bottomed. It's impossible to predict even using candlestick or technical indicators. The positive takeaway is today market have certainly show some signs of reversal after the recent capitulation. Is it a bull trap? Could it be short covering? Possible manipulation by the big boys? To me, anything is possible.

As an investor, our job is not to guess where the short term price is heading but rather buying a great piece of business at the price you feel comfortable to hold for the long haul.

For swing traders, I will wait for further signs of reversal before taking any short term trade.  

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Comments

  • Kaixiang
    2022-03-16
    Kaixiang
    I agree with you! Such surge will inevitably followed by a correction. It is better to be look for more signs of a reversal instead of plunging at the first positive news [Grin]
  • MHh
    2022-03-17
    MHh
    Current prices are attractive!
  • 0billionaire
    2022-03-16
    0billionaire
    I think the rise of China's stock market today is temporary. After all, many problems leading to the decline of stocks have not been solved.
  • RandyHall
    2022-03-16
    RandyHall
    As I thought before, risks and opportunities coexist. There are many profit opportunities in the process of stock market decline, which is proved by the rise of China's stock market today.
  • x2espresso
    2022-03-17
    x2espresso
    depends on if china support russia?
  • LWKJKK
    2022-03-17
    LWKJKK
    unlikely will go down.. in fact it's a short HF.. it will rise definitely
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