Got out today SG in the $10.20's after missing out on selling yesterday. Collected about 1k. Small but that was what was achieved with just Qty 4000 over a few days using a cautious approach.
Total bounce on that one was 5.9%, a typical size that use to occur frequently during the carnage. And about right if you want to stay cautious, get out and keep your options open.
I like the look of the past few days RSI(14), however. A small bounce, then a dwell as it currently stands.
Don't like the MACD (12,26) though. Flat and hanging around.
Stock looks like it could go either way. I know that's not much of a helping comment. But it has that stance or tone about it, looks undecided or waiting.
I would call it a LT buy here. For the short term, I will wait for a little more weakness (if it comes).
NCM Price at posting:
$10.13 Sentiment: LT Buy Disclosure: Not Held
