RE: Beginners Questions - Keir value has dropped below MA30
Probably need to bone up on posting charts.
Anyway, question about stops. I'm an investor. Keir (KIE.L) is currently below the MA30 and the recent minimum of 1681 is close to the previous minimum of 1670.  The book states that it is OK for the price to drop below MA30 provided it is higher than the previous minimum and the MA30 is rising.  Ref page 189.
On this basis I've put a stop in at 1669 - if it hits 1669 it has violated the previous correction low and the above statement means I should sell.  Do I appear to have interpreted the book correctly?
Thanks in advance.
Yahoo, KIE.L
