Moving Averages Cross overs (I use 5 day and 25 day).... Bollinger Bands.... Stochastics.
I may have jumped early...But, I can always buy back, lower OR move back into WAF or any of the other West African Goldies that I regularly invest/Trade in.
I am NOT in front with AMX (mid 60c average), but I trade it to minimise loss (and make cash gains, per trade) or write it Off as a loss.
Let me use today as an example... I Bought last week 47c X 18,000 (just one trade - several sells into it, though) - I sold 15k today 55c ... $150 X 8 = $1200 - Brokerage each way = $1140 Profit.
If I can buy that 15k back at say 51c, What did I really pay, per share - Yes!...It IS a form of pro-active "averaging down/up" ------ Or, I spend the Cash ...hehehehe.
AMX Price at posting:
56.0¢ Sentiment: LT Buy Disclosure: Held
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