Thomson Medical - 18 Sep 2023

What does this stock chart says?

Trend is down for both daily and weekly chart.   Avoid.  

Thomson Medical - Looking Good To Climb

Thomson Medical coming up.

Rule number 1: Always put a stop loss before entry, always, no exception. You do not drive a car if it does not have brakes. Have a stop loss first, then think about entry, end of conversation.

Rule number 2:: No Rule number 2, strictly master Rule Number 1 and you are likely to succeed in Technical Trading.

Thomson Medical - Temporary Resistance

Today, Thomson Medical hit a temporary resistance on its 19th bar.  It has been on an uptrend since the 1st bullish bar appear on 13 March 2020.

Thomson Medical - 2nd Day Pump Up Bearish Candle

Current Market: (1)
(1) Bullish
(2) Bullish but cautious.
(3) Bearish
(4) Bearish turn bullish.

Stocks / Reits / ETF Movement: (1)
(1) Uptrend
(2) Dowtrend
(3) Sideways

Trading Strategy: (1)
(1) Buy and hold long-term with trailing stop.
(2) CFD / DLC (available for certain stocks only) Shorting
(3) Average down and collect dividends.
(4) Short-term trading.

2nd day of pump up end with bearish candle.  Could be minor technical pull back.  Watch of it.

Thomson Medical - Tough To Trade

Trend - Below 200 SMA, long-term down

Resistance = 0.62

Support = 0.057

Very tight for short-term trading.