Hi guys
@rick64- I am gonna say here - might be a good idea to manage some uncertain trades before taking on any new ones - not everything that pops up on the scanner is viable - ARU is having it's first break up from no man's land since about 2102 just saying look at the history of the chart properly - the reason for the sudden interest and watch from there after having a good look at some FA - ?
@togakure is right - I would add one more level - which is the backtest level here - it needs one - After the high volume - you have to wait to see what it was about once the volume drops again- imo - usually when you see high volume it is at a climax and needs to settle - sure it could keep floating up - but not usually in a scenario when a trade is up at resistance - there is often a contraction in volume and price pullback in this instance - I could be wrong too - if some great news is imminent-
CDX hmm
Dunno maybe I would be watching for longer until some news is confirmed - volume is dropping and see what it does - was pumped a lot - still not sure if it is the next big thing yet - IF you average down too early - it could go lower - then your really screwed - just a thought about strategy -
@togakure you have a lovely sig
