Replies to post #34759 on lowtrade

[Letswent]

AMBS Yes sell, the wizzard behind the curtain has long been gone.

[Don]

You're the only one with that answer... What is your trade plan?
If you are aggressive and can watch, you can hold to see if the resistances are broken. Or you could set your sell just below first resistance and watch to reenter after break of 0.07 on strong volume.

TA says...
1 No exhaustion candle present yet.
2 Resistance at 0.066 and 0.07 just above close.
3 Volume holding at 20 day average.
4 CMF entering strength area.

[lowtrade]

I agree with Don.

Don't see exhaustion yet. But keep your finger on the sell trigger, if you don't have a planned sell point. Should take profits on 1st red day and re-enter on any continuation past previous high resistance.

It's getting long in the tooth. Runs normally last 3 to 5 days. This was day 6, but without increasing volumes. So could continue. I don't see dark manipulation or retail emotion. Strange !!!

[lowtrade]

I see AMBS had it's profit taking day today. Volume increased and day was red.

One should be out now, watching for continuation re-entry on top resistance break. With a get all you can, low risk, trading style. With a low risk only, take your piece of the pie and move to the next one, style. It's your strong watch list you should be following.