“Will Geely Auto (175) go to $40?” (Headline Daily, 2021–03–15)
As mentioned in my first post, I never try to predict the price level that a stock will go.
Let’s take a look at the weekly candlestick chart for Geely Auto (175) today:
This stock is in stage 3, as I think many stocks are, recently. Hence, I would not be buying this stock at the moment. Buying a stock after a recent peak has rarely worked out well for me.
Full disclosure: I do not hold any position in this stock at the time of this writing.
Let’s take a look at the Hang Seng Index today:
I am worried that the index itself is entering stage 3. Hence, I would be careful about buying stocks at this moment.
