Puda Coal Inc (PUDA)

[tatrader11]

Sorry regards thing about overbought, that post applies to the weekly chart not the daily. On the daily PUDA has entered over bought however stochastic still on BUY, it is pointed up, slow line just hitting 80% today.

A TAKE PROFITS indication as I said is when the fast line cuts down thru the slow line above 80%, that is not a SELL signal, its a take profits signal.

By the way this is the 3rd day in a row PUDA has hit and be capped upper bolly band.

MACD on BUY.

Today will be a third day up since breakout and clearly not a entry point here.

I am totally out of PUDA right now waiting for pullback, with net plus about $5 from the $4.03 level on 4 trades (IE the stock would need to be at $9 for me to be EVEN on a buy and hold stradigity), so do not worry about the taunts about having to chase the stock, I dont chase stocks.