Welcome fishpert and thanks for sharing the idea...RAD is a good
example of a potential EARLY topping pattern. In this case, this
recent push may be carving out a Head with the LS being around 1.95
on the daily chart. The 60 minute shows a smaller HS within the
head possible forming. Overall, these are TRADES versus Right
shoulders (lower highs) which allow for the MA's to REALIGN (they
are still pointing up currently).
It's my experience (preference), to short the Right shoulders
(lower highs) for swing trades but he tops can be decent trades
(but often frustrating). I review such examples in detail
during my tutorials.
Welcome fishpert and thanks for
RAD short
Posted by steve on 2nd of May 2013 at 07:00 pm
Welcome fishpert and thanks for sharing the idea...RAD is a good example of a potential EARLY topping pattern. In this case, this recent push may be carving out a Head with the LS being around 1.95 on the daily chart. The 60 minute shows a smaller HS within the head possible forming. Overall, these are TRADES versus Right shoulders (lower highs) which allow for the MA's to REALIGN (they are still pointing up currently).
It's my experience (preference), to short the Right shoulders (lower highs) for swing trades but he tops can be decent trades (but often frustrating). I review such examples in detail during my tutorials.
Good luck shorting a stock
Posted by darnelds on 2nd of May 2013 at 08:54 pm
Good luck shorting a stock under $3.00.
With No Disrespect
Posted by quadratic on 3rd of May 2013 at 09:23 am
Darnelds, Why do you have to be sarcastic ???? find a better way to communicate or give advice to others.
This person is new here, and he/she is on this blog for a reason, and I am damn sure they are not here to ask for LUCK !!!!!!!!!!!!!