PGNX Daily Chart ~ Attempting to Hold Support M
Post# of 2559
Posted On: 01/01/2014 8:16:28 PM
PGNX Daily Chart ~ Attempting to Hold Support
My last entry into PGNX was in the 4.20s and 4.30s. The run to outside the upper bollie was a great place to exit in the upper 5.00s. As most of you already know, what trades outside the bollie always returns within the bollies. Now the question is will the 5.33 previous high act as support or will the stock continue it's decline. A quick look at the FullSto and MACD might suggest a bit more downside is in store. If you locked in a gains of 30-35% over the last 2.5 weeks, congratulations! I wished we could do that every couple of weeks. Can you imagine the compounding effect, LOL! With money on the sidelines, we can always re-enter or catch the next bus with indicators ready to go when it presents itself. GLTA
My last entry into PGNX was in the 4.20s and 4.30s. The run to outside the upper bollie was a great place to exit in the upper 5.00s. As most of you already know, what trades outside the bollie always returns within the bollies. Now the question is will the 5.33 previous high act as support or will the stock continue it's decline. A quick look at the FullSto and MACD might suggest a bit more downside is in store. If you locked in a gains of 30-35% over the last 2.5 weeks, congratulations! I wished we could do that every couple of weeks. Can you imagine the compounding effect, LOL! With money on the sidelines, we can always re-enter or catch the next bus with indicators ready to go when it presents itself. GLTA
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