RNA Daily Chart ~ Big Decline Back to the Real Wor
Post# of 2561
Posted On: 03/23/2014 4:30:02 PM
RNA Daily Chart ~ Big Decline Back to the Real World
Link back to March 18 for comments as to why the sells for a few of us. The pre market pop, along with a gap and trap opening way outside the upper bollie was the reason for the exits. In very few occasions a gap outside the upper bollie might continue for another day or so. But in this case, with a flat upper bollie, there was only one way for the stock to go after that upside gap. And that wasn't the first time for a sell opportunity in RNA using simply the upper bollie. I count no less than eight during the last five months. Many did well with RNA over the last few months as the stock trended higher along its rising support line, it began to channel sideways. The gap and trap on the news last week, was a gift. So we took it with quiet exits on Tuesday. I see nothing that interests me on the chart for any possible re-entry. The FullSto is still tanking and the MACDs are worthlessly flatlined. Don't ask me what causes that, and I don't really care. I'm just lucky to have been given another gap and trap opportunity to sell into. As I've stated many times, it's almost always THE thing to do when such an opportunity presents itself. GLTA
Link back to March 18 for comments as to why the sells for a few of us. The pre market pop, along with a gap and trap opening way outside the upper bollie was the reason for the exits. In very few occasions a gap outside the upper bollie might continue for another day or so. But in this case, with a flat upper bollie, there was only one way for the stock to go after that upside gap. And that wasn't the first time for a sell opportunity in RNA using simply the upper bollie. I count no less than eight during the last five months. Many did well with RNA over the last few months as the stock trended higher along its rising support line, it began to channel sideways. The gap and trap on the news last week, was a gift. So we took it with quiet exits on Tuesday. I see nothing that interests me on the chart for any possible re-entry. The FullSto is still tanking and the MACDs are worthlessly flatlined. Don't ask me what causes that, and I don't really care. I'm just lucky to have been given another gap and trap opportunity to sell into. As I've stated many times, it's almost always THE thing to do when such an opportunity presents itself. GLTA
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