Tuesday, November 13, 2007 2:52:52 PM
Hey,
It appears that RGR is going to continue based on the confirmation of the candles, MA's and RSI 5. You have three days of and uptrend with solid white candles. The best way to configure your exit strategy is by using the moving averages. Looking at RGR, since the 50 and 200 day MA's are pretty far above the PPS, let's use the 5, 10 and 20 day MA. Here it is evident that your 10 day MA is your support area and the 20 is your resistance. As long as the PPS stays above the 10, you are good to go, depending on your risk factor - ie: use your 5 MA as support if you got it under that PPS.
Hope that helped. Tell me if you need more.
It appears that RGR is going to continue based on the confirmation of the candles, MA's and RSI 5. You have three days of and uptrend with solid white candles. The best way to configure your exit strategy is by using the moving averages. Looking at RGR, since the 50 and 200 day MA's are pretty far above the PPS, let's use the 5, 10 and 20 day MA. Here it is evident that your 10 day MA is your support area and the 20 is your resistance. As long as the PPS stays above the 10, you are good to go, depending on your risk factor - ie: use your 5 MA as support if you got it under that PPS.
Hope that helped. Tell me if you need more.
goo goo g'joob
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