Alk Chart, page-477

Some retracement off the level I mentioned in my previous post was to be expected. The drop
today, although a little ugly looking, does not have much volume to it relatively. I was hoping
it would hold the 5-day SMA which supported price in the rise to, and breakout from, the
Pennant. However, the level highlighted by the green circle is far more significant in the
bigger (relative term) picture.
It holds the 21 EMA (bottom of green cloud) and 5-week SMA.
My stop remains below this zone and the apex of the Triangle. If I am stopped out, so be it.
I will look for another entry when (and if) it presents itself.
Long term this chart still looks good, but the problem with adding to positions is lifting one's average
price to levels that can be threatened and letting a winning trade go negative is not an option for
me as a primarily technical trader.
GLTA