You're missing a dollar and change in dividends on that chart. (Admittedly, I did miss the exit when that level was challenged the middle of last month...got lucky a few days later though.)
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how would you play this? breakout / pullback / other?
- Thread starter Growly
- Start date
I took a small haircut and unloaded here. No reasons to try to chase this one when there's plenty of greener pastures to feed in...and two red candles do not a breakout make.
It's August remember? Volume goes lower and lower and lower.
And what is so magically about a 20MA? Or any other length for that matter.
Chart below shows it slicing right through it constantly - as if it wasn't there. Because it isn't there except in the minds of those who believe in squiggly meaningless mumbo gumbo.
Price hit a prior swing high and ran out of steam. Price! Not an average price or any other artificial calculated number. What someone actually buys or sells at. Think about it the next time you want to check a MA.
No magic in any indicator !
they are giving you hints but no body shall trade them.
20 MA is just a semi-short term trend
this is the important thing!If the stock is far away for the 20 MA. I would call this as over extended (Climatic play). Check Feb Price
it should slow down again and approach the semi-short trend again !
it acts like a magnet !
Check Feb's Price. Right, exactly. Price not a squiggly "magic" line.No magic in any indicator !
they are giving you hints but no body shall trade them.
20 MA is just a semi-short term trend
If the stock is far away for the 20 MA. I would call this as over extended (Climatic play). Check Feb Price
it should slow down again and approach the semi-short trend again !
it acts like a magnet !
C ya