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level of dips.

Discussion in 'Technical Analysis' started by moin000, Feb 11, 2020.

  1. moin000

    moin000 Member

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    hi.greetings.
    1.brokerages advise to buy certain shares in dips.what is the percentage level of dips at which we can buy the shares?
    2.what is the relevance of 52 weeks high/low prices in buy decisions?
    expecting your valuable inputs.
     
    moin000, Feb 11, 2020
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  2. shabbir

    shabbir Administrator Staff Member

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    hi.greetings.
    Depends from stock to stock and person to person. Just an example and not a recommendation. Nestle is trading at 80x trailing earnings. For some 10% is a dip for others in such a high valuations, 20% is a good dip to buy.
    Nothing. News channels take it as a way to find what stocks are doing well and needs mention on their channels.
     
    shabbir, Feb 12, 2020
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  3. moin000

    moin000 Member

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    Thanks a lot.
     
    moin000, Feb 12, 2020
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