AIRT - struggling to get momentum back
Its inability to stay above its 50-day MA and break 200-day MA for the past few days tells me
there's more downside ahead; it lost momentum completely and attracted little buyers;
RSI has not reached oversold levels yet. For swing traders, the enter price is as close to 17 as possible, you need to feel when buying stops and get in promply. Remember, the higher you went short, the more profits you would get AND the less you would lose in case of a triggered stop-loss. For day traders, go short upon break of 15.88. I'm looking at 15 or lower as my cover price depending on the strength of support on those levels. My stop-loss will be at 17.
http://stockcharts.com/def/servlet/SC.web?c=AIRT,uu[h,a]daclyyay[db][pb50!b200][vc60][iUb14!La12,26,9]&pref=G
there's more downside ahead; it lost momentum completely and attracted little buyers;
RSI has not reached oversold levels yet. For swing traders, the enter price is as close to 17 as possible, you need to feel when buying stops and get in promply. Remember, the higher you went short, the more profits you would get AND the less you would lose in case of a triggered stop-loss. For day traders, go short upon break of 15.88. I'm looking at 15 or lower as my cover price depending on the strength of support on those levels. My stop-loss will be at 17.
http://stockcharts.com/def/servlet/SC.web?c=AIRT,uu[h,a]daclyyay[db][pb50!b200][vc60][iUb14!La12,26,9]&pref=G
0 Comments:
Post a Comment
<< Home