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04/02/14 1:10 PM

#360869 RE: George the Greek #360863

Agree, George...you tend to get complacent when you get green...

You do need some rules re: exits....


Look back at that volume spike and gap on 17 March...

Likely was an exhaustion top...

meaning everybody who wanted in was in already and all that was left was distribution...


I always ask myself two questions....

Would I be a new buyer up here?

And will I likely be able to buy it cheaper tomorrow or next week?

If your answers are 'no' and 'yes' respectively...

Well you get the picture...<VBG>







flipfloper

04/02/14 2:03 PM

#360876 RE: George the Greek #360863

George KNDI, try these setting on daily and 60 min charts
http://stockcharts.com/h-sc/ui?s=KNDI&p=D&yr=0&mn=4&dy=15&id=p78366602302&a=341721281
check the daily first then go to the 60 min chart.
On the daily it looks close to running again,
Then on the 60 min it is testing the 50% fib retrace and HOLDING
So to ME the 16.00 looks like good support with RSI and stochastic walking up with higher highs.
Like I said to me the daily looks close and by looking at the 60 min it looks like it might trade sideways for a week/week and half?
remember what works great for me is using the 4 1/2 day moving average along with the 9 day moving average(I use the dark pink for 9 day and thin black for the 4 1/2 MA when they cross moving up I use that as a buy(on All MY charts) and when they cross moving down SELL no questions just sell.
this is working for me and I think it you look at the charts I post you can see it has like 90+% accurate trigger, I also watch the MACD (but it is a bit slower, so if you buy watch to make sure it crosses up. then I look for the slow/full stochastic to be pulling out of>20 for a buy and then use the >80 red box as a sell. as I have posted I do NOT buy IF the RSI is under 50! unless it is >30 and moving up. but if you check MOST of the moves up wait or make it cross the 50 to confirm a buy! and to confirm a sell moving below 50.
NOTE all just what seems to work for me and JMO




Flip

http://stockcharts.com/h-sc/ui?s=KNDI&p=60&yr=0&mn=2&dy=14&id=p65644497822&a=344169361