Matt, MOS broke the downtrend support line yesterday. Would
this mean that it is stopped out and no longer on the watchlist or
do you give some wiggle room? Trying to learn how to use watchlist.
Thanks,
Yes that would be stopped out if I was in it. notice that
trendline was right as the 200 day MA and volume was below average.
Many times I'll try to buy these stocks inside their pattern,
for example at the 50 day MA test from two weeks ago, but even if I
did, I would be stopped out with yesterday's trendline break
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
MOS
Posted by rnix on 30th of Mar 2012 at 11:49 am
Matt, MOS broke the downtrend support line yesterday. Would this mean that it is stopped out and no longer on the watchlist or do you give some wiggle room? Trying to learn how to use watchlist. Thanks,
Yes that would be stopped
Posted by matt on 30th of Mar 2012 at 12:12 pm
Yes that would be stopped out if I was in it. notice that trendline was right as the 200 day MA and volume was below average. Many times I'll try to buy these stocks inside their pattern, for example at the 50 day MA test from two weeks ago, but even if I did, I would be stopped out with yesterday's trendline break