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Posted On: 07/20/2020 6:14:40 PM
Post# of 148936
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We are still in an rising channel .. I widened the lower boundary to accommodate the 2.86 low and dip around 5.50 which fit nicely.
I will be watching for a break down from this channel as a possible sell signal in order to preserve capital.
I would like to open it up for discussion for anyone planning on reducing their position or taking advantage of this run. As eventually at some point there will be a decline in sp or a dip.
Questions:
Is anyone running a stop loss or trailing stop and if so how far behind or what percentage.
RSI: across different time frames ?
Major resistance levels: which are currently 8.00 and 10.00
Comparison: this run up has had a healthier growth as compared to the last run to 10.00 ... How might this affect price action coming down after reaching a top.
Catching the bounce: looking at the last run to 10 we saw a sharp sell off .. Followed by a bounce as shorts covered and ppl bought in as we moved from overbought to oversold and bounced off support around 5.00 Mark ... Are you prepared
Taxes: pro and cons of buying and selling
Disclaimer: I am long cydy ... Looking forward to increasing my holdings on these bigger moves.i do not currently hold enough shares to effect sales price in a substantial way... My decision to trade this run up will in no affect other share holders ... Too each their own
Good luck.
We are still in an rising channel .. I widened the lower boundary to accommodate the 2.86 low and dip around 5.50 which fit nicely.
I will be watching for a break down from this channel as a possible sell signal in order to preserve capital.
I would like to open it up for discussion for anyone planning on reducing their position or taking advantage of this run. As eventually at some point there will be a decline in sp or a dip.
Questions:
Is anyone running a stop loss or trailing stop and if so how far behind or what percentage.
RSI: across different time frames ?
Major resistance levels: which are currently 8.00 and 10.00
Comparison: this run up has had a healthier growth as compared to the last run to 10.00 ... How might this affect price action coming down after reaching a top.
Catching the bounce: looking at the last run to 10 we saw a sharp sell off .. Followed by a bounce as shorts covered and ppl bought in as we moved from overbought to oversold and bounced off support around 5.00 Mark ... Are you prepared
Taxes: pro and cons of buying and selling
Disclaimer: I am long cydy ... Looking forward to increasing my holdings on these bigger moves.i do not currently hold enough shares to effect sales price in a substantial way... My decision to trade this run up will in no affect other share holders ... Too each their own
Good luck.
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