It does however highlight the problem from time to time of too strict a regime of stop-loss trading...we all need them, but at times we need to use our brains as well.
Stopp-loss triggers can work against you if you are not careful...technical traders are constantly attempting to trigger stop-loss selling...it is one of the best ways for them to pick up cheap stock.
All stocks have their particular trigger lines at any given time...if traders can sell a few lines into it, with luck they will create an avalanche effect...at the bottom of which they will wait to pick up stock.
Like I keep saying...look away if you are an investor!
Cheers!
MPO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held