@Stage-2-Uptrend
Thanks stage, Have never shorted BPT but having sold out last October @ $2.17 due to trend reversal, it certainly would have been a good time to, if you are in to shorting.
I re-entered BPT on the 7th and added on the 8th (as per post dated 07/01 for a re-entry).
I use a 150 day SMA as a guide only but you miss too much on the start of a run and will give back too much at the end of the run if you rely purely on 26week EMA or 150day SMA.
Good idea to shorten your time frames for entry and exits. (will assist to maximise profits)
I do note that $1.62 - 26 week EMA is on the daily chart not the weekly - weekly lags too much.
The daily chart offered a buy on the 7th Jan, also trading broke the down trend line with a little gap up.
Providing you set your rules and stick with them religiously you will remove so much of the other noise that gets spoken about on HC.
Good luck to you!
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