Posted On: 05/31/2016 11:05:08 PM
Post# of 2561
RXMD Daily Chart ~ Sold the Balance of My Position Today
In case anyone is interested, I exited the balance of my position in order to add a few more RGFR and IORG this morning. It was another successful swing trade. As I mentioned in my May 26 post, I sold half of my RXMD. Currently I'm not in the stock and will wait things out. The RSI in a bit too high at the moment while the FullSto in also in overbought levels. The fastest MACD is beginning to cure, the middle MACD is losing its upward momentum, and the default MACD is still looking good. Additionally, there's a chance that a double top is being formed. Since two of my favorite stocks appear to be now technically set for the next leg up, I decided to move the balance of my RXMD position into more IORG and RGFR.
Once again, I'm not suggesting or advising anyone to sell or buy, just pointing out the reasons on the charts for my moves.
In case anyone is interested, I exited the balance of my position in order to add a few more RGFR and IORG this morning. It was another successful swing trade. As I mentioned in my May 26 post, I sold half of my RXMD. Currently I'm not in the stock and will wait things out. The RSI in a bit too high at the moment while the FullSto in also in overbought levels. The fastest MACD is beginning to cure, the middle MACD is losing its upward momentum, and the default MACD is still looking good. Additionally, there's a chance that a double top is being formed. Since two of my favorite stocks appear to be now technically set for the next leg up, I decided to move the balance of my RXMD position into more IORG and RGFR.
Once again, I'm not suggesting or advising anyone to sell or buy, just pointing out the reasons on the charts for my moves.
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