Replies to post #11688 on lowtrade

[lowtrade]

MrMarco
GSS

Very interesting chart.
Thought I'd do a eval and put you on the spot some! LOL

When you pick targets you should base them on two things. Chart patterns or resistance points. In this case none get to your original $4.80 target, but do reach you second choice $4.30 if you were shooting for the highest resistance point.

If you use previous high you should pick a %age within that top, So event a 50% personal % target was an error. Should choose just a little below previous highs at best. And that is a high risk target.

With this one you had the easiest targets, which were gaps. But again you picked the moon. Looking at all this technical stuff and charting I'd guess you just picked a number out of the sky.

I realize you may not be along enough in you TA & chart pattern studings to see the Cup & handle or the ascending triangles in the chart. But you can see previous highs, resistance points and gaps!

In the future I'd recommend using those as targets.

Here is what I see and I personally would pick $3.90 and re enter if it continued up. Banking profits.