Hype, news, and DD help with stock picks, but technical analysis, signals, and chart reading is what will propel you ahead. This is what I want to focus on and learn in and out. $ETBI trading today was lukewarm at best. The shining star today, atleast in my portfolio, was $USRM. From open, it shot up 20% today then waned to close 5% up. Interestingly enough, it closed on one of the 12 major signals –The Inverted Hammer.
Essentially – if it’s found on a downtrend, it is a bullish signal that there may be a reversal. All that’s needed is a positive day with a price that maintains strength the following day to confirm the signal. Let’s see $USRM…let’s see.