Nothing goes Parobolic for ever, don't chase these but wait for
pull backs, I like to use Fiboncci levels and swing highs or lows
to predict where to trade, so if you look at a
60 min.
then $5.40 or $5.10should be good support. If you look at a
daily there is a
swing
high at $5.27that will act as support. nothing is perfect
but there are three levels you should watch.
Nothing goes Parobolic for ever,
RBY - your input sought
Posted by ditch on 29th of Nov 2010 at 12:25 pm
Nothing goes Parobolic for ever, don't chase these but wait for pull backs, I like to use Fiboncci levels and swing highs or lows to predict where to trade, so if you look at a 60 min. then $5.40 or $5.10should be good support. If you look at a daily there is a swing high at $5.27that will act as support. nothing is perfect but there are three levels you should watch.
rby
Posted by fixdgear on 29th of Nov 2010 at 01:50 pm
ill be buying options again if the stock hits the $5 area myself..
much appreciated, ditch.
Posted by frtaylor on 29th of Nov 2010 at 12:50 pm
much appreciated, ditch.