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Replies to #20434 on lowtrade

lowtrade

02/14/11 7:39 PM

#20435 RE: traderamn #20434

VSCP chart eval

Welcome to the board

Right now all should be waiting for a flag chart pattern breakout.

The TA supporting indicators (StochRSI headed positive & CMF is positive) The entry/exit indicators last signal was (re-entry for 5,10,20 and DMI early exit just accured) So you have a mix. This can be expected when a stock is retracing from an emotion pop and the flag chart pattern presents.

My eval: hold if in, enter on flag retrace breakout if out. If flag retraces to lower trend line. Exit/enrty indicators should signal confirmed exit. Then take profits and look for another trade IMO.

The over all mindset is good momo on a up trend stock. Gets a little emotional, but hey it's under $5, they usually are.

Here's a history of what's been happening and some info on entry/exit indications and the support indicators which aid decisions. As you can see since the first confirmed entry, there has been NO confirmed exit. But the early entry & exit signals have triggered several times. So one could have swung in and out for safety or held long, with the same result over all.

Success;