Geospatial Corp. (GSPH)

[stocktrademan]

To find a good entry on the stock I just look at where it bounced in the past relative to the moving averages and wait for the next time it gets down there. Try not to chase the price just wait until the next pullback. It's sort of like waiting for the next bus at the stop, if the current one just took off then just wait for the next one on the route.

The corollary to that idea is to also look at the chart price relative to the indicators right now, what did it do in the past. In this case the bus sort of just left the stop as it is near the top of the bollinger band and the rsi is at the upper boundary area. It is the same thing as the start of July. The trend is still there, but see how the stock price 'walks the band' as it trends up.

Best to wait until the next inevitable dip to the moving average if buying the stock...Doing it that way also keeps from chasing the price up and makes one patient and ready to evaluate that next dip to make sure it is still a buy-able uptrend. Is the chart truly making higher highs and higher lows still, if so great, buy the dip with a close stop nearby under the moving averages or a drawn upwards trendline. If not, then perhaps be more patient and wait for the next bus on the route so to speak...

Try not to use just one indicator like the stochastics crossing up as some sort of simple answer out of context ignoring the rest of the chart, thinking one indicator overrides everything else. Instead take all the information into account and then decide...not rocket science just common sense it works for me...