Posted by mrjasongill on 2nd of Sep 2011 at 11:22 am
Hey, can you guys post some stocks in longer term
trends?
This stock has been a steady one. On the monthly chart the
9 month MA has worked well with it. Could have rode it up
from a couple of bucks. Right now it's coming down to this
long term uptrend line again. Wondering if I should buy some
with a stop below the trend line. Thoughts???
From a trading standpoint if you believe that this is only a
correction then having a tight stop below the trendline makes
sense. If this is a bear market (as I am biased toward)
then I would say look what happened to the stock by March
2009.
However, if you buy near the trendline with a tight stop
below - that is a good strategy that will minimize your losses and
it might work out to your advantage. Overall just be careful
about holding longer term against the apparent longer term
trend.
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CROX - Long term uptrend
Posted by mrjasongill on 2nd of Sep 2011 at 11:22 am
Hey, can you guys post some stocks in longer term trends?
This stock has been a steady one. On the monthly chart the 9 month MA has worked well with it. Could have rode it up from a couple of bucks. Right now it's coming down to this long term uptrend line again. Wondering if I should buy some with a stop below the trend line. Thoughts???
Glad I didn't buy this!!!!
Posted by mrjasongill on 19th of Oct 2011 at 11:09 am
Glad I didn't buy this!!!! They had a great trend going.
From a trading standpoint if
Posted by johnc on 2nd of Sep 2011 at 11:29 am
From a trading standpoint if you believe that this is only a correction then having a tight stop below the trendline makes sense. If this is a bear market (as I am biased toward) then I would say look what happened to the stock by March 2009.
However, if you buy near the trendline with a tight stop below - that is a good strategy that will minimize your losses and it might work out to your advantage. Overall just be careful about holding longer term against the apparent longer term trend.