Replies to post #61399 on Sulja Bros. Building Supplies, Ltd (SLJB)

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I try to avoid future price targets...as I've been burned too many times in the past..

I do look at resistance points, and SLJB has a major one at 0.15.

Some people try to make price projections based on channels or lets say the length of a flagpole...i.e.
"SLJB went from 0.02 to 0.15...so next run should be from 0.07 to 0.52)..(7.5x) or something like that.

But this method is faulty too often.

I try to follow day by day and use 30 and 60-minute DMI/ADX to find temporary peaks on which I can exit my position, and wait for retraces.