lowtrade

[eldernovis]

OK. I am a brand new (since Jan 1) newly retired investment junkie. I come from position of field wetland ecologist and am familiar with and appreciate the precision and detail that can be found in stock charting. Starting from scratch is arduous! How fortunate I am to have run into this group!

What do I see in the RAD daily 6 month chart of 3/7/14?
1. Current price is well above 200 and 100 and not yet down to the 20 Simple Moving Averages (SMA)…((not Spinal Muscular Atrophy)) I hated acronyms at work and still find them frustrating…this board is full of them!
2. The last two candles have just begun to touch the top edges of the Bollinger Bands (BB). Historically it looks like most price increases were preceded by drop below the 20 SMA before an upward price trend. (see around 10/22, 11/13, 12/18 and 2/5 )
3. I don’t read candle sticks yet but the trend is 3 candles down but still on the high side of the historical patterns
4. I would guess a buy would be indicated around 6.20-6.40 at the high end ( in the middle of the BB) and between 5.70 to 6.00 at the low end.

I have owned this stock since $5.45 and don’t mind trading when it makes sense. I have formulated a “plan” that dictates a review for sale when the price reaches a 25% increase in price. I did not sell when the price reached 6.81. I am confident it will return to that price and above so I am looking to add to my position.

Please review my elementary logic and add to my missing parts. Many thanks

en