Posted On: 06/03/2014 4:10:32 PM
Post# of 56324
IMO, when you start to see the bid and ask prices drift widely apart indicates light trading in a stock, which indicates the pool of investors interested in trading the stock is dangerously small.
Best right now to sit tight and use GTC Limit orders at PPS just over support pricing. Set up support and resistance lines then draw trendlines followed by observing MACD, RSI, CMF, Volume to determine trends.
and trade just over the bottom and just under the top of your trend lines.
Be patient because trendlines are generally very accurate and can if properly used greatly reduce missed opportunities.
Don't forget to always utilize your SMA/EMA as they frequently are bounce points. Especially the SMA200 also one of the most accurate indicators is MACD
The low volume we see now will likely cause PPS to drop to the next two support levels which is a buying opportunity
Best right now to sit tight and use GTC Limit orders at PPS just over support pricing. Set up support and resistance lines then draw trendlines followed by observing MACD, RSI, CMF, Volume to determine trends.
and trade just over the bottom and just under the top of your trend lines.
Be patient because trendlines are generally very accurate and can if properly used greatly reduce missed opportunities.
Don't forget to always utilize your SMA/EMA as they frequently are bounce points. Especially the SMA200 also one of the most accurate indicators is MACD
The low volume we see now will likely cause PPS to drop to the next two support levels which is a buying opportunity
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