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Post# of 148166
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.