Don’t want to talk in the name of other but I think that what bringiton meant is: He bought at X and sold at 70c (meaning he thought or more the charts maybe supported) 70c is a selling point He will buy again when it reaches 72c (meaning if the charts proves there are more up trend and this according to him at that time he thought 72c)
This is trading scheme that uses good news but also looking at charts and making more professional decisions about trading.
I must admit that I’m not so good with charts but I get those suggestions from my broker at times when they wait for a stock to reach a certain price so the charts will make them feel comfortable buying.
CNX Price at posting:
63.0¢ Sentiment: Hold Disclosure: Held
