Mechel PAO (MTL)

[stocktrademan]

Yeah this one might have seen better days at this time, I was hoping long term the monthly chart was making an inverted head and shoulders bottom to see the chart go back up, but the ppo just crossed back down below 0.

Oh well using the monthly chart here, verifying on the last week or so near the month close and then place a stop on the low of June I guess. The price is oversold it might come back up a bit so give it a chance. This looks specific to the company not oil overall imho.

Got to know when to come back and regroup for another day. The macd or even the ppo works as the circuit breaker on the time period of the chart traded. When the signal crosses 0 against my position it is to let me know something changed in the marketplace unforeseen, and to be responsive to it with minimal loss.

It happens, no sitting on a position hoping is allowed here. Someone once said trading is a losers game aka the need to manage positions with stop losses and not let something run out of control.

Good luck and good talking to you...