Replies to post #4260 on Defense Technologies International Corp (DTII)

[Dennis2015]

And for the purposes of this particular play, Galette, I'll give you something simple to start with. But very effective. Just start getting used to chart reading, moving averages, time frames, etc.

If you bring up the one hour timeframe, where each candle represents an hour, then insert a 10day sma (Simple Moving Average), you will notice that this stock has consistently close below that line, since the decline began. It has acted as an absolute ceiling to the hourly activity.

So there is absolutely NO reason to buy anything, until you get a least your first close ABOVE that line, representing your first sign of an upward move. Maybe wait a couple of hours to fully confirm, for a bit more safety. Your call.

An easy way to keep from catching a falling knife, and buying into strength.

The last time this happened, a huge run kicked off.

Practice and play with this, and different timeframes, as well as the 4hr, daily, and weekly.

Anyway...