Standing sell closed @ OOIL .16 to .18 (13%)at resistance levels. Re-entered small EOD @ .18 to .20 next resistance. Smaller re-entry because volume today was half the day before. Re-entered at all, because EOD ran back to high of day. Welcome to my mind. LOL http://stockcharts.com/h-sc/ui?s=OOIL&p=D&yr=0&mn=3&dy=0&id=p28715471682
GORO 6.20 re-entry having trouble getting out of it's own way. I think shorts are moving in, because of 3 gap open black candles. This is interesting, check the chart.
Keep this indication in the back of your head. I may dump early because of this concern. It's a capital preservation sign. Sentiment gap opens, with phycology pull downs. Traders vs. investors thing. IMO there's a enough, is enough, battle going on. So reduced the size of my trailing stop. From 6% half the 12% gain target to 3% now. Basically only willing to lose 3% now, but still want 12%. Only adjust plan to save capital, thing. http://stockcharts.com/h-sc/ui?s=GORO&p=D&yr=0&mn=3&dy=0&id=p42584380492
RIC on the move again, after my 2.60 flag break entry, last week. Adjusted target from 3.45 flag to 3.10 short term ascending triangle.
Another interesting play I thought worth posting about. Sentiment has seemed to change. Kind of expected because of the huge run in the first place. Flag target was 3.45, but my plan called for 80 cent gain target from flag break, to 3.25 not $1.00 to 3.45. Then there was the throw back and climb, creating a shorter term ascending triangle.
So here's the thought process to adjust the original plan. Which was obviously needed. The original flag pole was just IMO too much to expect a second time. Seems sentiment has agreed and lowered the breakout target. So I did. Remember always trade the most resent pattern target first.
Now if new 3.10 target is reached, I'll strong watch for re-entry to 3.45 next flag target.
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