MSTX Daily Chart ~ Consistent Gains Using the Boll
Post# of 2561
Posted On: 03/23/2014 3:19:09 PM
MSTX Daily Chart ~ Consistent Gains Using the Bollies
I'm not in MSTX but a few friends are swinging trading it using the trending of the share price between the upper and lower bollie bands along with catching the big move back in early to mid Jan. One friend has just exited his sixth swing on Thursday at .91 after entering on Wednesday at .75. Although it doesn't sound like much, it was a profit of 21% in less than 24 hours. Not bad for a big board stock. Although Friday's decline could be placed on the weakness of the biotech sector, the stock was just too far outside of a flat upper bollie on Thursday to not take a few or all off the table. Nice trade and trading on this one Dave! The stock is now in no man's land and hard to say which way it will move next. So I will wait for a reset before entering. GLTA
I'm not in MSTX but a few friends are swinging trading it using the trending of the share price between the upper and lower bollie bands along with catching the big move back in early to mid Jan. One friend has just exited his sixth swing on Thursday at .91 after entering on Wednesday at .75. Although it doesn't sound like much, it was a profit of 21% in less than 24 hours. Not bad for a big board stock. Although Friday's decline could be placed on the weakness of the biotech sector, the stock was just too far outside of a flat upper bollie on Thursday to not take a few or all off the table. Nice trade and trading on this one Dave! The stock is now in no man's land and hard to say which way it will move next. So I will wait for a reset before entering. GLTA
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