Puda Coal Inc (PUDA)

[Traderfan]

TaTrader

As you said PUDA enters the upper bolly and actually is above it combined with a very good run lately and that is overbought for me. I know you use the stoch for that but I don't really take that too much into consideration. Mostly if a stock is above the bolly the correction is imminent. Not saying that it can't take another 2 days or so. Sometimes the correction is only for a few hours, sometimes longer. At least that is my observation and it's how I go on with my trading shares in a fundamental strong stock like PUDA.

But when it comes to PUDA the new fundamental value we have here is enough for me to stay around with the stock for now. That said watch also for a possible short term doubletop at 8. Who knows.

I'm not a expert in TA (because I mostly take FA into consideration) just to make that sure.