Hey guys... I'm flattered to have a whole thread dedicated to me
Next time just ask for a chart to be posted rather than saying you will pledge your financial allegiance to me to prevent getting yourself moderated lol.
Ive been quietly sitting and watching (and continuing to study TA) in the background.
My first point is that if you need to seek advice, do it from someone qualified to do so.
The second point, these advisor people dont care that much for your money as much as lunch or their own paycheck so its never a bad time to start building up your own knowledge.
If you cant independently judge weather a stock is good to buy into or not, then dont outlay your money... unless you're a retarded gambler... then go right ahead.
Comments on today's chart:
Still in down trend... Yes it broke the old down trend channel but there's more ways to confirm a reversal.
Tuesday / Wednesday candles = tweezer top pattern = reversal.
Leads to todays candlestick - Red Marabuzo. This is telling of the strength of the bears and a good sign of continuation. Volumes are low'ish so the downtrend is slowly weakening.... for now.
For some reason the HC site's image upload function is broken so youll just have to flick back and forth between your charts and this post.
At the end of the day do you hold through any further down trend or do you sell, breath a bit in cash and rebuy on the way up missing out a few cents as insurance against further downside? only your risk appetite can answer that.
My take at the low 60c's was to conserve my capital.
Current personal sentiment - Sell/Hold, Position - Not Held.
