UNS unilife corporation

when will this thing turn around, page-14

  1. 1,786 Posts.
    Cmon TDA you're gonna get me shot.

    Support lines (which are zones, not hard and fast numbers) at 1.045, 96.5, 88. Gap to fill at 91. Not saying it will get to any of those, that's just what the chart says.

    Price action is the key rather than a chart. A higher high and a higher low followed by a continuation north the next day.

    Dave Landry is the king of swing. If nothing else watch this one video.

    http://www.tigersharktrading.com/articles/1039/1/How-to-Enter-a-Trade/Page1.html

    I was told this 12 months ago when I started trading but did I listen? No. Now, I've come full circle and I know it works. Basically it makes complete sense. Higher high and higher low = possible turn uptrend.

    Have a look at the recent trading in UNS once you've watched the video and you'll see it's done it a couple of times and failed, but that's what stops are for. The trade went against you and you wait for the correct entry.

    I have traded twice in the last fortnight for 2 x $40 brokerage fees. If I had held from my first entry at 1.30 I'd be minus $2K.

    Once the trade confirms the turn I'll add to the position.

    PS: Indicators are starting to line up for a trend turnaround but that doesn't mean it won't overshoot to the downside first before the trend changes.
 
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