Market Condition is starting to be better. Many stocks stand above the moving average. I don’t mind holding the stock to catch the move as long as it stands above the moving average.
As I told you before, the stock does a big reversal.
Its a ~50% win in just a 3 days period. This is one of my fastest swing trade winner.
Risk/reward is already poor. The stock moved to fast ,and it is going to face the moving average resistance.
Don’t buy a hype stock that the low-price position holder is looking for the opportunity to sell.
SEAOIL’s price has been falling for 8 consecutive weeks.
It was way oversold. At this point the stock show the strong trend reversal signal, very good risk/reward indeed.
