Like I said before no interest in igr but just following on from before and using this bit of the chart to try to understand the behaviour of a share that is on a roll, and perhaps take advantage of the ups and downs along the way. There must be a few dozen books written on this subject by now but this is how I am muddling through and gaining some understanding.
A look at the daily rsi and any associations. Want to see if the rsi topping out at approx 75 gives a reliable 3cent fall. Inconclusive, but may be worth a shot.
Sometimes it is easier to do a handwritten chart with notes:
You might well say just to sit tight and ride the run, but I am just exploring an option to use part of the parcel to catch a high and buy back a couple cents lower. Just playing around.
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weekend charting 10-12th sept, page-101
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