martketsurfer stock pick # 4

Quote from BSAM:

So, if a trader was in at 3.24 (Friday's close), where would you recommed a stop be placed?
More...

I'm not marketsurfer.

Stop below 3.18.

If it breaks out though, on higher volume, it has nothing stopping it before 5. There is definitely accumulation going on.

There is a negative divergence on MFI, however.

Regards
Oddi
 
my stops are at 2.97. i purchased at close @ 3.24. black, this is not a "rare" stock pick. it's just a regular one ! odd, thanks for the TA work.

LOL !

surfer :)
 
Quote from marketsurfer:

my stops are at 2.97. i purchased at close @ 3.24. black, this is not a "rare" stock pick. it's just a regular one ! odd, thanks for the TA work.

LOL !

surfer :)
More...

No problem.

Other than that rediculously wide stop of yours, this is a decent pick.:)

Regards
Oddi
 
Technically, short term top should be in. We all know that stocks move on simple brokerage upgrade/downgrade which easily override TA picture . If upside action is not convincing, TA reversal is around 12:30 Tuesday .
 
You must log in or register to reply here.
Back
Top