 i feel confident in this setup because the trend is up. the trend reversed on January 20 at .75 which remains the lowest price. the February 11 bottom at 77 cents should not be exceeded. the February 19 bottom at .85 should be retouched. buying there the risk is 8 cents. it is expected to go to 1.5, for 65 cents, 8 times the risk. |
hapless reader, if you are not already completely familiar with stops - and their dangerous difficulties - through your own research, any and all invested funds can be lost. this is a system test. i have said nothing about the system. essentially, you are not prepared to trade this alert. updates 2:11 pm inspecting a ten day hourly chart, i like .82 limit. |
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