Posted On: 01/11/2014 10:20:39 PM
Post# of 2561
CHTP Daily Chart ~ You Never Know How Far They'll Fall
Link back to the post I'm responding to for thoughts on where the danger signs were for CHTP prior to the drop. On Thursday, the stock bounced off the MA100 as I thought might happen. The upside was stopped at the MA50. For the high risk takers, that was a calculated trade. Unfortunately, the slight bounce off the 50 trapped those traders into Friday's pre-market gap down. I was never in CHTP, and for now, I'll be watching for a bottom to set up before even thinking about entering. GLTA
Link back to the post I'm responding to for thoughts on where the danger signs were for CHTP prior to the drop. On Thursday, the stock bounced off the MA100 as I thought might happen. The upside was stopped at the MA50. For the high risk takers, that was a calculated trade. Unfortunately, the slight bounce off the 50 trapped those traders into Friday's pre-market gap down. I was never in CHTP, and for now, I'll be watching for a bottom to set up before even thinking about entering. GLTA
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