Received 9 Karmas
hr_tetra Jan 09, 18 10:57 PM
Not for me. Bad trend, many failed spikes, prob. still lots of overhead from the spike yesterday, no news/change in fundamentals. Intraday it looks like it has found a bottom to risk of off, but in total I would stay far away.
Shields Jan 10, 18 1:24 AM
I'm still fairly new to this as well but I don't think I would touch it. As said earlier there is a history of many spikes. It has some resistance but i expect it to drop tomorrow. I'm guessing that the flow of volume was because of this article on the 3rd, https://finance.yahoo.com/news/diffusion-pharmaceuticals-present-10th-annual-130000516.html . I could be wrong though, still learning!
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@Shields just became a fully transparent trader today!
that allow me to make a few grand without risking over a grand.....and I'm trading for a living so its hard to just say "wait for the good plays" and "don't trade everyday".
Good luck =D
I have found that trading only the stocks with big volume and volitility is best. When the bollanger bands go vertical, big volume comes in and price is pushing above the 9 EMA, trading is fun. Good book- The Trading Book by Anne-Marie Baiynd a pro tading coach. I have been struggling with poor entries, so I am playing only the best setups.
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