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Re: airmikeyy post# 975

Monday, 08/27/2012 1:35:08 AM

Monday, August 27, 2012 1:35:08 AM

Post# of 6242
Hi airmikeyy, welcome to the board, good to hear from you. :)
Your question is an excellent one. :) I and my colleagues can't give you trading or investing advice as MMStockPlay mentioned in his reply to you but we can share educational ideas and our technical view of various stocks.

Note on the SAGD daily chart below how the SAGD 8-day EMA, currently at .0054, is supporting SAGD in the ST but the SAGD weekly chart's 8-week WMA, currently at .0149, is acting as upside resistance to SAGD. SAGD needs to breakout over and close over .0149 in order to move much higher. Look at the next to the last chart below, i.e., the SAGD daily chart with both the SAGD's 50 DMA and 200 DMA. SAGD appears to be forming a classic technical analysis bullish "cup and handle formation." This is very constructive and positive for SAGD's potential upside movement. My comments are not meant as trading or investing advice.

IMHO, it is important for traders and investors to have an exit strategy with mental stops for all of their current and future positions. It is important for traders and investors to decide whether they can afford to lose all or part of their money invested in a security or securities before buying that security or securities. It is better to diversify one's investments rather than to put all their financial eggs in one basket.

Usually most traders and investors jump onto a stock when it is in favor , too high, and loved by everyone. The best time to pick stocks is when they're out of favor and still not discovered and not on the radar of the general trading public. Be happy for your stock discoveries and don't be concerned that the security in question hasn't caught the attention of the bulk of traders and investors, it will catch the public's eye usually when it is much higher. :)



Here is the SAGD daily Pivot-Point chart:



Here is the SAGD weekly Pivot-Point chart:




Here is the SAGD daily Ichimoku chart:



Here is the SAGD weekly Ichimoku chart:



Here is the SAGD daily 50 DMA & 200 DMA daily chart:



Here is the SAGD weekly 40 WMA chart:



Good luck on all of your trades and investments.

Best,

Bob-C

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