RE: Stage Analysis Beginners Questions
Hello David, I have a question regarding selling a stock while it is still in Stage 2 but the weekly close dropped below the 10 week moving average? Would you consider selling or selling some of the shares if the closing weekly price drops 5% below the 10 week moving average even though the stock is still in Stage 2? I have read some articles where it was said to sell when the price drops 2% the 10 week moving average. This seems kind of tight to me.
OR, would you wait until the stock moves into Stage 3? If you do suggest waiting until Stage 3, at what percent would you consider selling your shares when the close is under the 10 week moving average.
I am looking for the best exit price before a possible Stage 4 begins
Thanks