Kuvira

Failure to follow trendline

Short
AMEX:TEUM   None
I pulled out of this one when i saw, while my trendline isnt the best, any way you slice it yesterday closed below the trendline and today the entire candlestick did.. I'm going to assume other traders are going to see this and lose confidence in it as i did, but we'll see. I think I learned a lesson in this tho. I was too eager to buy when I was not sure if it was going to turn up or not, I should have waited until I saw for sure that the trend changed direction to buy rather than trying to catch a falling knife. I do not like trying to predict momentum change, in hindsight I guess i should learn to use that indicator if I like ascending triangle patterns so much.. as for now my recommendation is to sell.
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