Pulled back to the 13 EMA. The Theory is that this would be the "value zone" and since I bought on the pull back, my odds are in my favor assuming the trend is a legitimate move
Tuesday, February 21, 2012
DSX
DSX pulled back to value today after a nice run. I'm in at 9.23, with a stop at 8.99 which is the PAR Stop. On a trending stock that type of stop works pretty well. Obviously, this is a very tight stop and well below the 2% rule. However, if DSX is legitimately starting a run, rather than a flash in the pan, then buyers should be moving in.
Pulled back to the 13 EMA. The Theory is that this would be the "value zone" and since I bought on the pull back, my odds are in my favor assuming the trend is a legitimate move
Pulled back to the 13 EMA. The Theory is that this would be the "value zone" and since I bought on the pull back, my odds are in my favor assuming the trend is a legitimate move
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment