Wednesday, July 11, 2012

What does a market in weak uptrend mean?


When the price range of the upper limit and the lower limit, in which the prices move are so wide that the movement from the lower limit to the upper limit shows the characteristics of a trend, we call it a weak uptrend.

Here the prices are still moving within a band/range that is why we cannot call it a strong uptrend.

When the market is exhibiting these characteristics, growth momentum stocks do not participate. For growth momentum stocks to participate we should have a strong uptrend.

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