Posted On: 01/11/2014 8:35:15 PM
Post# of 2561
BMY Daily Chart ~ Still Boring But Banking
Just a quick position update here with BMY, yes, I'm still holding but nothing to worry about. The question I received yesterday was whether I am getting worried about the FullSto having entered overbought territory. No, I'm not concerned. The MACDs would have to get into much higher levels. Big board stocks react much slower than lower prices issues, especially penny stocks. Not the time period of Sept and Oct when the FullSto was in lofty levels for almost the entire time while the stock rode the various moving averages. In mid Sept, the stock was just beginning to break above the previous highs in the 46.00/47.00s. The 12d MACD never really confirmed a sell signal, so just because the FullSto gets into the 80+ level, it's not the only indicator one should be using for their entries and exits. I've been holding since the mid 46.00 area and will continue to hold BMY without paying much attention to it other than a quick look at the chart every other evening. GLTA
Just a quick position update here with BMY, yes, I'm still holding but nothing to worry about. The question I received yesterday was whether I am getting worried about the FullSto having entered overbought territory. No, I'm not concerned. The MACDs would have to get into much higher levels. Big board stocks react much slower than lower prices issues, especially penny stocks. Not the time period of Sept and Oct when the FullSto was in lofty levels for almost the entire time while the stock rode the various moving averages. In mid Sept, the stock was just beginning to break above the previous highs in the 46.00/47.00s. The 12d MACD never really confirmed a sell signal, so just because the FullSto gets into the 80+ level, it's not the only indicator one should be using for their entries and exits. I've been holding since the mid 46.00 area and will continue to hold BMY without paying much attention to it other than a quick look at the chart every other evening. GLTA
(0)
(0)
