thanks kyle...appreciae it........can you share your strategy lil bit about 20 and 40 days......what triggers a buy?
Sorry I took so long to get back @april4. The whole strategy with the sma's is to visually see how strong a trend is. If the sma lines are holding an even space from each other on the chart, while going up, you know that any pullbacks are buyable. If there is a downtrend, with the sma's holding an even space apart, any spikes become shortable. It's that simple but you ideally want any pullbacks or spikes to meet with a major resistance or support level from the past, and you want good news or no
Join now or log in to leave a comment
ZN/WPRT I'm really happy with how my plays turned out. Two winners from my watch.
TRXC- Consolidating near it's highs, waiting on that 70 cent multi day breakout. VERY Speculative. Happy with this call.
RIGL- Closed down on the day. History of big multi week runs after breaking the 20SMA, so I expect this to be a slow mover. FDA news isn't super potent as a catalyst anyways. I'll keep a look out for this one, but not too closely. 25 cents below my perfect breakout point, wrong sector. Stays on my radar as a potential multi day breakout.
Join now or log in to leave a comment