stop losses are in place to manage money and need to be respected so i agree with Sharks on this one.
also, lachmap is correct in my view because the trading behaviour over the last few days have turned the tech indicators upside down. all of mine are suggesting we are going lower and i feel that im going to get stopped out tomorrow (partially).
most importantly the uptrend has been broken and we need to find support around this sort of level. the obvious point of support is the placement price of 27.
prolonged period of bearish sentiment on the market and 27 wont hold imo. the market is looking very panicky again and i feel we are going lower over the next few weeks.
BLY Price at posting:
$2.90 Sentiment: None Disclosure: Held
