RE: US Stocks - Watchlist and Discussion (Premium)
(2014-04-17, 01:55 PM)shaunattwood Wrote: Is GM a short candidate now that it has rallied back to its neckline at 34?
Potentially, as the rally back to the Stage 4A breakdown level has been on lighter volume. But remember Stan says:
"I suggest doing secondary buying when a stock pulls back close to the breakout point, and you then see it stabilize near that level."
So, my interpretation of that is that you should wait until you see it stall at the resistance and begin to rollover. You also need to consider it's earning date, as it's only a week away.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.