Posted On: 07/08/2014 10:39:11 PM
Post# of 2561
LJPC Daily Chart ~ Trade Gone Negative
As mentioned to a couple of members who asked, yes, I'm out of LJPC. This time the trade didn't work out. The stock fell under the MA200 yesterday and is accelerated to the downside today. The FullSto and MACDs confirmed a possible move down with their negative crossovers. The RSI also fell below its 50 line. Since I have no idea how far a stock will drop, the trade was to sell and move to the sidelines. Should the stock break under the 8.10 level, I think we could see a potential decline to the mid 7.50s. Until then, we'll wait for a reset. GLTA
As mentioned to a couple of members who asked, yes, I'm out of LJPC. This time the trade didn't work out. The stock fell under the MA200 yesterday and is accelerated to the downside today. The FullSto and MACDs confirmed a possible move down with their negative crossovers. The RSI also fell below its 50 line. Since I have no idea how far a stock will drop, the trade was to sell and move to the sidelines. Should the stock break under the 8.10 level, I think we could see a potential decline to the mid 7.50s. Until then, we'll wait for a reset. GLTA
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