After 8 of the last 9 weeks with a lower close, I think we need a weekly close above last week's close at 2.965 or this weeks high at 3.02, to signal a change in trend. I'm not overly optimistic on the day, nor do I treat this stock (or any others) particularly technically. Just thought I would add it to the discussion. My average is around $3.55, having bought as low as $2.69 and as high as 4.08 over the last year. My target being north of $6, following Intelligent Investor into the investment.
I do tend to keep adding until i feel the original hypothesis is broken or it reaches my sell target.. So far no change in hypothesis, but sometimes the market shows something that I don't see..That is always the risk and opportunity. Feedback welcome..
Add to My Watchlist
What is My Watchlist?
