Gapped significantly higher last week, drifting lower
since. Bought at $11.05, sold out at $14.90 last week,
thinking of re-entering on this pullback. Stock just filled
last week's gap (low today of $13.49) and has moved up a few
cents. 8 EMA sits at $13.39. What price would indicate
a positive reversal and suggest a buy with a tight stop at the 8
EMA??
Triggers are discussed in the tutorial and would depend upon
what time frame you trade. For starters draw a trendline on a 15
minute chart off the top. Maybe you will see a bounce near the 9 or
20 Day MA's below. Ideally you would get a small candle (like a
doji) on the daily time frame to use as a marker.
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Posted by RichieD on 10th of Aug 2016 at 12:36 pm
Gapped significantly higher last week, drifting lower since. Bought at $11.05, sold out at $14.90 last week, thinking of re-entering on this pullback. Stock just filled last week's gap (low today of $13.49) and has moved up a few cents. 8 EMA sits at $13.39. What price would indicate a positive reversal and suggest a buy with a tight stop at the 8 EMA??
Triggers are discussed in the
Posted by steve on 10th of Aug 2016 at 12:40 pm
Triggers are discussed in the tutorial and would depend upon what time frame you trade. For starters draw a trendline on a 15 minute chart off the top. Maybe you will see a bounce near the 9 or 20 Day MA's below. Ideally you would get a small candle (like a doji) on the daily time frame to use as a marker.