When stocks are in Bear market - no low is good enough.
This is the Chart of Aban Offshore.
There is a saying: Never catch a Falling knife. Do not look for stocks trading at lows because remember no low is good enough when stocks are in Bear market. They will continue declining and their bottom ends in hell for investors.
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers