Tech stocks rallied 20% into technical bull, hero or zero?
I think it is a hero to jump into the market rally.
I'd mentioned before in my other posts that the market rally is very likely being "Gamestonk". It's not wrong being YOLO or what (feel great riding the wave 🌊😁 = as long as got madeis good) , but it's not a thing for me to play when I know that the financial fundamental of most companies are reflecting badly.
By the way, I guess it may not be a mistake for the market rally. It's either "those analysts" are so confident on the later year economy will be doing good or... "u know, I know"+=.
Rather, I'd timed ⏲️ the market badly as I never expected "them" to be such a "hero"or "stupid" to play "Gamestonk" in such a bad economy situation.
For me, when I know it's no 🙅♂️ good, then there's no way I'm eating grass together with those companies with bad business financial report in the 2H22. I'll just wait till the market finalised their 'fair valuation' 1st. At least in my personal opinion, the market now is currentlyovervaluedwith 💩 financial report.
Do u hold any tech stock?
Yar, I do hold tech stock.
Only a small portion as I'd already reduced my position to prepared for either a crash or a further rallying market= to counter the volatile market.
How do I predict the future trend?
I look at companies financial health & also using technical analysts too. However, the both contradict each other = that's why I stay in themiddle lineof theBear🐻 &Bull🐂. There is not a clear idea on how the market will move forward to me...
I guess that a recession "may" come in the late of the year 2022 or the early of the year 2023.
Inflation is also bad 👎 too. I think ppl are being psycho by the FED (it's their job) = Inflation stillremained highoverall in the 1H22 although it is showinga bitof improvement in the early 2H22. If not the FED won't need to continue increasing interest rate = I guess they themselves are afraid that it may not be under control if they relax the system a bit (they've no option of failure).
Welp, maybe some may argue that it's just a minor market pull back like this:
.
Well, I'll further continue monitor the market 1st+.
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Milk The Cow
OPwhqqq
:
u can use moomoo app to search it: Either one will do (I usually do not screen tech stock, I heard from other on hot topic news then add it in the list if I'm interested)
whqqq : May I ask how you screen technology stocks?
whqqq : May I ask how you screen technology stocks?![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
Milk The Cow OP whqqq : u can use moomoo app to search it:![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
Either one will do
(I usually do not screen tech stock, I heard from other on hot topic news then add it in the list if I'm interested)