The data is in. The stock Scan, “Bottom Feeders” picked CHW Chesswood Groupe to go up. I thought it would only stay flat. Guess I should believe the scan more. Chesswood went UP quite impressively. By about 28%.
| April 21 2020 | ||||||
| Symbol | Name | Close | Cost 1000 shares | week later | Profit Loss | My guess |
| CHW.TO | Chesswood Group Ltd. | $ 3.86 | $ 3,860.00 | $ 4.94 | $ 1,080.00 | FLAT |
| GAIN/LOSS | $ 1,080.00 | |||||
You can see that if you had of spent $3,860 dollars last week to buy this stock and sold it yesterday you would have made $1,080.00 less buy and sell commissions. I gave it a flat rating, but I am glad I was wrong in the right direction. That does not mean that this rate of increase will continue. This morning it looks to open at $4.94 as well. Here is the candle stick chart of the stock for the last several months.
The chart comes from Stockcharts.com. You can see that for the last several months it did not fluctuate that much. But dropped severely when the crunch hit in mid March. That shows you the overreaction that most investors had. Now that the shock is wearing off, Chesswood, like many other stocks, is starting to climb back. Suggest anything?? Buy low Sell high.
I like to monitor the MFI or Money Flowing In chart, as well as the Accum/Dist, Accumulation or Distribution charts. The MFI plots whether there is money flowing into the stock (buying if it is going up) or flowing out of the stock. (Selling if it is going down) The Accum/Dist does sort of the same thing, but it applies more to major stock investing customers. (Banks, Mutual Funds, etc) If both are going up that is a good sign. Note these are only 2 of the indicators that I use to screen the stocks. The RSI (Relative Strength Index) at the top is also an important one to monitor. Note that it is also going up. The rate of change of different indicators is almost as important as the direction they are going.
This is more information than I have on Instagram (diy_wealth_ed). The space there is more limited. This gives you a better idea of how I spend my time. It all looks complicated, but so did long division before you learned about it. The more you learn, and the more you research, the greater your chance of success in any kind of investing. It makes no difference if it is Real Estate, Portfolio, or Business investing.
REMEMBER THESE ARE IN NO WAY RECOMMENDATIONS FOR YOU TO BUY ANYTHING!! INVESTING INVOLVES RISK, LIKE LOOSING YOUR MONEY, AND THERE ARE NO GUARANTEES!!! Especially in this volatile environment. THIS IS JUST FOR POSTING FODDER.