ALTHOUGH I HAVE BEEN EXACT IN MY PROJECTIONS WHEN IT COMES TO THE STOCK TESTING ITS 52 WEEK HIGH, I AM STILL BULLISH HOWEVER, I WOULD MOVE YOUR STOP LOSS TO A TIGHT ONE IF YOU BOOKED THE PROFITS WE HAVE SEEN IN THE LAST FEW DAYS I WOULD PLACE THIS AT APX. 17.62 WHICH IS WHERE I WOULD EXPECT TO SEE A REVERSAL IN PRICE IN THE EVENT MY INDICATOR FOLLOWS SUIT IF IT BREAKS THOUGH THE KEEP MOVING YOUR TIGHT STOP TO ENSURE A GREAT TRADE DOES NOT BECOME A BAD ONE.
PLEASE REFER TO MY PREVIOUS POST ON PEIX TO SEE MY ENTRY POINT AND WHERE I ALSO REFEREED TO PUBLIC TO ENTER ALTHOUGH I FELT THE TIMELINE WOULD BE LONGER WE ALL KNOW AS PER THE PREVIOUS LINK WHAT GOES UP GOES DOWN SO THE FASTER IT GOES UP THE FASTER IT GOES DOWN.
ONCE AGAIN IF IT CONTINUES THIS BULLISH NATURE IT WILL BREAK ITS 52 WEEK BUT PLEASE USE CAUTION ENTERING TODAY IF I FEEL AN ENTRY POINT TODAY BECOMES A SERIOUS POSSIBILITY GOING INTO THE CLOSE I WILL RE POST HOWEVER WE HAVE RECEIVED 68% PLUS PROFIT AS OF NOW AND ARE EXPECTING TWO POSSIBILITIES:
1: TREND REVERSAL WRITE CALLS TODAY 17.50 EXPIRING TOMORROW TO ENSURE A LARGER PROFIT AND IF STOCK AND ALSO A SAFETY NET 2:ENTER A TIGHT STOP AND NOT BE GREEDY SO MAKE IT YOUR DECISION BASED ON YOUR GUT AND MY INFORMATION PREVIOUSLY GIVEN IN MY PRIOR REPORT.
IF YOU ARE A SWING TRADER FOLLOW YOUR SHORT TERM POSSIBLE REVERSAL OR COVERED CALL WRITING HOWEVER IF YOU ARE IN IT LONG TERM A PULL BACK TO THE 9 EMA WILL NOT HURT YOU I DO FEEL BULLISH LONG TERM HOWEVER NEUTRAL SHORT TERM.
GOOD LUCK ALL AND BILLY THANK YOU AGAIN FOR YOUR CONSISTENT WINNERS!