2 Unloved Stocks to Buy
06/02/2014 7:00 am EST
Are you brave enough to buy these two beaten-down stocks, asks the staff at Readtheticker.com?
The behavior of traders towards these two stocks is to mark down the price, and like all rubber bands, they can only stretch so far. Soon there will be no more room on the short side, and the buying will start, that is known as a change of behavior.
Wyckoff logic traders like to see a base form, with an adequate test, a sign of strength, followed by a mark-up process to much higher prices. Right now it is early days, but these stocks’ time in the spotlight is coming very soon.
A Silver Mining Stock: HL
A Gold Mining Stock: NEM
"It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let this thought be written indelibly upon your mind."
~ Jesse Livermore
"How many millionaires do you know who have become wealthy by investing in savings accounts?"
~ Robert G Allen
By the staff at Readtheticker.com