PetroChina Company Limited ADR (PTR)

[frenchee]

Reference the daily charts in the iBox for the comments below. The tactics don't always work but they seem to work well with a trending security.

1) Long. Be long when the stock closes above its 21-day SMA.

- Accumulate when it dips below its 5-day EMA yet it's still above its 21-SMA.

2) Sell. Sell it or short it when it cloes below its 21-day SMA.

- Add to the short position when it closes greater than its 5-day EMA but less than its 21-day SMA.

This strategy has you on the right side of the major intermediate-term trends and provides for accumulating at the dips (when long) or reshorting at the high points (when short).

For example, today you would have just sold your long position.

GL!