re: swing trade charts to roddy
great stuff, mm (market maker?).
The light is coming on, at my age a little slowly. The SB comment about the head and shoulders----it had the same pattern just a little while ago but then it did not break below the RH shoulder and subsequently it continued it's uptrend. My reading this time is if it does not fall below about $1.70 (called the neckline?) much the same thing could happen.
Long term on a F/A basis I think it is excellent buying, just interested to try to use T/A to maybe understand the waves a little better.
Funny but investing long term I use a 15% stop loss before I change my daks as anything less seems to whipsaw you around too much. And guess what, 15% below the top of $2.04 is ------- $1.73!!
RDF Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held