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Many factors, mostly having to do with support

Posted on: January 3, 2020 at 12:52:19 CT
scif MU
Member For:
21.25 yrs
M.O.B. Votes:
...on the daily charts. Price had checked back to the point of several previous daily highs (one of which was a point to which it had gapped down back in May), to the 13 day moving average, and to a rising trend line. MFI (a volume weighted RSI) was rising. The weekly chart looked a bit like an inverted head and shoulders pattern to me, although price had not yet broken out. The price had gapped down from $150 and gaps like to be filled. Finally, I reasoned that it would not be the type of stock portfolio managers would like to show owning at year end, but would buy back in the new year. So, while there was some resistance overhead, also, I thought it might break out with a lot of potential room to run with little additional resistance. If wrong, I'd bail out.

I entered only half a position, unfortunately, thinking I'd have more time to add to it. Now, I'll see how it looks toward the end of today and decide whether to take some profits.
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I'm up 1.78% so far in stock comp. Nm - yy4u MU - 1/2 12:17:01
     My ADXS is up 22%. POLA is up .77%.(nm) - GA Tiger MU - 1/3 08:27:03
          Nice. I'm in the hole now. Nm - yy4u MU - 1/3 12:09:22
          I'm curious. What was your buy signal.nm - yy4u MU - 1/3 07:49:53
               Many factors, mostly having to do with support - scif MU - 1/3 12:52:19
          Outstanding! You the man. 🤑 Nm - yy4u MU - 1/3 07:10:06

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