again bounced off the 9 EMA basically, most pm stocks, what's
what you first expect. If they make another high a divergence will
be in place that may set up a better top, or this could be an ABC
pullback with the first move down to the 9 EMA as A, and this
bounce forms a lower high B, then down again in C. We'll just
have to give it more time to flesh out.
but again bouncing off the 9 EMA was pretty no brainer, that's
what happens in very strong trends.
I discussed before how one could have pre set GTC buy limit
orders at the 9 EMA on strong stocks like this, that way you get
filled intra day vs trying to catch in real time
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GDX
Posted by rockee on 17th of Feb 2016 at 12:02 pm
GDX in green as well here
again bounced off the 9
Posted by matt on 17th of Feb 2016 at 12:07 pm
again bounced off the 9 EMA basically, most pm stocks, what's what you first expect. If they make another high a divergence will be in place that may set up a better top, or this could be an ABC pullback with the first move down to the 9 EMA as A, and this bounce forms a lower high B, then down again in C. We'll just have to give it more time to flesh out.
but again bouncing off the 9 EMA was pretty no brainer, that's what happens in very strong trends.
I discussed before how one could have pre set GTC buy limit orders at the 9 EMA on strong stocks like this, that way you get filled intra day vs trying to catch in real time