Nice chart on SKIN - Clear trend, consolidated from JUN - AUG then legged up. Currently in consolidation and looking for the next leg up on a breakout of $28.5.
50 EMA black line stop loss below, $32 price target.
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Wow nice breakout ! and looks like it wants to retest now before continuation to the upside. ER upcoming however so anything can happen. Pump or Dump, manage the risk.
@TORNADOF5, rejected at the 21 EMA so far and below the 50 so no trade for me. Pretty volatile on ER so could pump on good ER... high risk. no trade for me there
TORNADOF5
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@FriscoTrades, wow learning a lot from you thanks , yes my trigger was 41.76 so not got yet lucky me haha , how do you configure EMA nbr periods ?? (how you see below 50 and 21 ema by the way Dell was good trade for me + 5 $ very fast ...
FriscoTrades
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@TORNADOF5, Yes $100, $200 .. etc are pivotal points to watch , stocks often over shoot quickly once hit.
I use daily or weekly time frames for swings only, 8EMA , 21EMA, 50EMA and some times higher . If it's below the 50 I am more likely to short, above I'll go long . Ideally want to see the stock trading above all with nice trend up for longs : )
TORNADOF5
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@FriscoTrades, i think i got it , 3 EMA must be above 50 ma ? but as i see on skin stock on my daily it is 50 ema is under 50 ma
FriscoTrades
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@TORNADOF5, whatever works for you, but I only use the 8, 21 and 50 EMA since I'm doing short term swing trades. I don't use 3EMA haha too short