What you have below are three stocks that I found that are trading well below their book value (in some cases as much as 1/4). But what you also have on the chart is some potential breakout plays that are developing.
So this is an example of where fundamental analysis can easily be coupled with technical analysis for some legitimate trading opportunities. My thesis in the cases below is that once they breakout, they won’t be like just any kind of breakout, instead they will be fueled by the fact that they are fundamentally undervalued and likely to create a far greater buying demand at their key technical breakout levels.
Here Are 3 Undervalued Stocks Ready For The Breakout.
Welcome to Swing Trading the Stock Market Podcast!
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Commit these three rules to memory and to your trading:
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Trading what you see and not what you think is one of Ryan's popular trading expressions that he has lived by in his 30 years of trading experience. In this podcast episode Ryan explains why it is so important to not think your way through the market but to be a trader who sees what to trade and reacts accordingly. If you are struggling as a trader, it may very well be that you aren't seeing but thinking your way through your swing trades.
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*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.
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