Replies to post #85776 on Electronic Cigarettes International Group Ltd fka

[trding]

I agree, I always use charts between news cycles. In the absence of news and outside things like dilution, short position, etc, charting gives great buy sell places to trade around a core position. You may not always get the best gains, but it does help greatly to minimize the losses. Trade around a core position, take some gains, especially when the price doubles as it has, and use that to increase the core position if the price drops again is a great strategy. Look how the price bounced off the 200day, so now we have .10 as a support and .125 as resistance. If this drops below .10, then it might bounce at .8. So if this drops below .10, I will pick up some at .8. If it breaks below .8 I would sell those and wait to see if the .05 bottom holds where I would pick up more shares, increasing the number of my core shares. If it bounces at .8 I will check the .10 and .125 resistance levels. If it does not break those levels, it will fall again, so sell those for a gain. It is not rocket science and it works because others including the trading algorithms is doing the exact same thing. Now if great news came out or great Q4 numbers, I would abandon the charts and just hold my shares, taking some gains until I see the charting pattern taking over again.