News Focus
News Focus

Don

Followers 279
Posts 24068
Boards Moderated 0
Alias Born 01/06/2008

Don

Re: GlassCrasher post# 37536

Tuesday, 10/21/2008 8:13:57 PM

Tuesday, October 21, 2008 8:13:57 PM

Post# of 58785
Yeah, that is usually the first indication that the stock is making a rebound. Some folks suggest that you wait for at least two days of price appreciation for confirmation. (It won't run away from you)

Note on the chart that the price is below the ten day moving average (grey line on the chart) aka MA10. Some prefer to see the price close above that resistance before diving in..

Good trading.

Rules of Acquisition No. 007 - "Keep your ears open."

The user formerly known as "Baxters Dad"

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today