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I tend not to buy in when a stock is approaching a resistance...

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peejayhercules

3,170 Posts.

105

19/03/18

12:41

Post #: 31855015
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Originally posted by roberter1 ↑

PJHerc, further to the topic of lounge this is good example.

Sold 50% of holding this morning @ 0.027 on volume spike for good banking.

If this runs still have exposure therefore emotional damage minimised.

Way I look at this 2 options;

Significant re rate on or someone adding to portfolio and as soon as volume leaves will settle < 0.025.

My thinking option 2, looking at current market characteristics, lets see how it pans out.

Will be looking to further add < 0.025 although now I have committed this to paper re rate to 40c is on
this pm :cool:

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I tend not to buy in when a stock is approaching a resistance level.
Nor do I like to buy in when it has spiked above the resistance level.

Your method has a lot of merit. Well done. Good trading.

XAO Value at posting: 6,049.6
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