OK, so, I'm looking at charts and numbers and all the stuff. WHY would the TECHNICALS indicate a STRONG SELL on a stock, but the Analysts say it's a STRONG BUY????? Is one backward-looking and one forward-looking?
REAL Example: https://www.tradingview.com/symbols/OTC-DPSGY/
....And I read nothing but good things about the company, but looking at the Key Statistics, there's so much RED, rather than GREEN. ORK???????!!!!!!!
Who can help me understand? Thanks.
*Edited to add:https://www.morningstar.com/stocks/pinx/dpsgy/quote
44 milions dollars questions there
Nobody know the answers
Hard to trade daily or momentum trades
Everyone wrong >54% of time when Bet against market
Having said that something 'fundamentally' could lead analysts to say it's worth your money and interest but you couldn't prove it by what the chart is technically indicating.
Which is better?
Google for *breadth DPSGY* see its strengths/potential momentum past few wks and see if lots potential uoswings for stocks past wk or two
If day trade/few days trades - buy Monday set sale +5% +10%, auto sale
After autosale --> repeat if you think stocks still upswings
If long term sits for two yrs five yrs and may reach >40 50
Imho stocks cycles every 3 months and may potential be +20 -30% every 3- 6 months amd may get 40s 50s in 16 19 months
Have stop tight loss and sale if stocks drop >5% if day trade
If long term you may not care if goes any lower
Analysts say could be $55 in 12 months
Volumes very low so not many interests becareful
If you look at $WTI Lots folks bought it large upswings momentum, head and shouler upswings, but seem very strong and rsi not reached >70 potential for another 5 7% upswings...macd also crosses over 7 9 days ago
Just my humble options
Eu banks/ eu economy in very bad shape now and may have more downswing.. could be another 10 15% down hard to say
Consider looking at few speakers in stockharts youtube representers videos you may learn lots about swing momentum trades
Remember when you think you are good/correct and has good trades good winners,
Market comes back and knock you off very bad...be very humble and expect win <35 40% of trades