As I posted this morning on BLY, 37 was a major resistant and the fact is I have never ever bought BLY until today. I am a late comer, so I never planned on to hold her over night(not when a stock has rallied over 120% in a little over 2 weeks and no pull back.) 34 was based on what I saw this morning on Power-Etrade intraday 1min I thought 34 would be a strong support and she would test it a few times today. Had I entered at the $0.20 mark, I wouldn't care much, like Robbbbbbb always say let your profit runs.
This BLY train has left without me, too late for me to get on board now. I will continue to just monitor her and may milk a few dollars out of her here and there from day trade. I won't be holding overnight myself. $0.37, we tested and tested many times today, and couldn't break it.
I won't enter and hold overnight when a stock's RSI has hit over 85pts (now at 87.9) over bought. The highest RSI level since BLY was listed on the ASX.
And yes you can call me chicken.
BLY Price at posting:
29.0¢ Sentiment: None Disclosure: Not Held
