Wow, it was down 4.5%, but up over 50%... from .01.... I’d say only down 4.5% is small potatoes. It’s going to have up and down days from me buying and selling. Nothing new, I have to take my profits too. Looks very healthy to me.
I use much faster technical indicators than most "Technical Analysis" sites which often use technical indicators way too slow for swing trading where I attempt to BUY closer to rebound bottom as possible (Closer to the bottom, higher the trade gain).
5/30 Day MA interaction (5 Day MA falling below 30 Day MA) is used to WATCH a stock and as rebound bottom starts to form, I will reference MACD/histogram movements along with daily volume/intraday bid/ask activities to make my BUY decision.
Many times, as I set my "Take Profit/SELL" point, TA sites are just starting to catch up and recommending "BUY".
- WATCH as 5 day MA (blue line) fell below 30 day MA (red line). - BUY as 5 day MA bottomed and MACD (black line) rose off reference line (red line) with histogram going positive. - HOLD once 5MA cross and stays above 30MA (both 5/30 MA rise). - SELL / Take Profit as RSI rise above 70 (Turns green) and 5MA peaks