resist the dark side, page-40

jimako

I am a trader and I liked that AVB seemed to have found support on the 5 minute chart over the last 2 days. I did note that 16.5cents was short term support. I posted this on the Day Trading Thread this afternoon. I believed that if the sp could hold here then it was a certainly would be a good buying opportunity.

It did not hold support at 16.5 and so therefore I followed my trading plan which is to sell when support is broken.

It was disappointing the sp didn't hold considering the VWAP's over the last 3 days.

I will look to re-enter when I feel that it has found it's next level of support.

Please note that although I disclosed 'no position' I didn't not post "sell" as my sentiment. I still think AVB is worth buying, but will wait lower for support.

Not downramping, just trading to increase parcel size. I'm sure many other holders of AVB have done the same in the last week. Sell high, buy back in lower.