YTD Hexo bounces when it closes above the 9MA after the MACD flips. Confirmed so far by last five breakouts and one failed breakout.
Trade active
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Up 10.21% in 24hrs over two sessions.
Trade closed: stop reached
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Got out at $6.06 after a couple of fake-outs. Spinning top on the hourly is made up of a bunch of hammers swinging the price in both directions, was hopeful instead of technical.
If I listened to my chart I would have gotten out at $6.17-$6.18.
sorry to say but the trend is still bearish for hexo. ( see Aligator)
Keeegs
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@ABG1968, absolutely agree bearish overall. I am looking at a run in the next 48hrs from approx $5.50 to $6.50. Scrape 15-18% and skedaddle.
You don't at all see a dead cat bounce off that double bottom?
ABG1968
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@Keeegs, good point. That can happen. I don't dee it though.
Keeegs
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@ABG1968, 24 hrs later up 10.21% which is all I look for in a good scalp but stay tuned tomorrow to see if I squeeze another 6-7% out of it. If it makes it to resistance at $6.50 it certainly won't make it through without a catalyst. I am happy to exit in the $6.40's at a tidy 18% in 48 hrs...
ABG1968
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@Keeegs, I have 6000 shares on it ( I disclose it) I am watching this with personal interest , at 6.40 I will be out as well
ABG1968
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@Keeegs, just be careful serious resistance at 6.16