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Friday, November 21, 2014 9:25:49 AM
TASR- Congrats on a great long position, nice 3 year run...
Many indicators suggest that it's getting into profit taking territory again, but as long as it continues to stay above the trend line(10dma)I would continue to hold for now...
On the last wave upwards it held the same line beautifully. Once it fell below it continued to pullback 30% from highs.
you can't go wrong locking in profits at the tops, especially when a stock is trading in overbought territory. It can still move higher from here, however a pullback is to be expected sooner than later.IMO
BOL;)
Many indicators suggest that it's getting into profit taking territory again, but as long as it continues to stay above the trend line(10dma)I would continue to hold for now...
On the last wave upwards it held the same line beautifully. Once it fell below it continued to pullback 30% from highs.
you can't go wrong locking in profits at the tops, especially when a stock is trading in overbought territory. It can still move higher from here, however a pullback is to be expected sooner than later.IMO
BOL;)
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