EatBeforeTrading

@SupernovaJedi, How did you timed SUNE so well?

thetraderwinds
1
thetraderwinds Feb 26, 16 9:05 AM

I was initially watching to dip buy it at 2.58, but was patient in buying it. As soon as it failed, I looked to the next level of support from 0805am, which happened to be at 2.35ish (minus the upper shadow). When support held, I took my position and watched it like a hawk. As soon the momentum stopped in the bounce, I sold. It ended up hitting 2.49, so I could have held longer, but I got the meat of the move.

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EatBeforeTrading

@Patience_Trader , So, why did $ENCO behaved the way it did? News break? Promoters emailing?

Patience_Trader
Patience_Trader Jan 25, 16 6:11 PM

The majority of the run up was due to good news however it kept going up as it was also upgraded by Credit Suisse from "neutral" to "outperform" I am expecting a sell off tomorrow, possibly after a morning spike as it closed above 7.00

Patience_Trader
Patience_Trader Jan 25, 16 6:13 PM

Also I should mention this is not a "pump and dump" stock

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