GM: Current Situation, Looking For Longs In Near Future
Friends,
Looking for an entry to the upside, waiting for a downside pullback first before I commit any funds here. Looking for the pullback to come in at around 34.40's
I want to see a move down one more time, and to see some criteria filled to get me into this stock, these notes are found on the chart.
A lot of average traders would see the last couple days of buying and assume something is happening. Whilst it COULD potentially carry on upward, it's too risky for me, and I don't take risk like that on stocks, when I can easily find a better stock for today, and wait for this one to do something more reliable.
Tom
Looking for an entry to the upside, waiting for a downside pullback first before I commit any funds here. Looking for the pullback to come in at around 34.40's
I want to see a move down one more time, and to see some criteria filled to get me into this stock, these notes are found on the chart.
A lot of average traders would see the last couple days of buying and assume something is happening. Whilst it COULD potentially carry on upward, it's too risky for me, and I don't take risk like that on stocks, when I can easily find a better stock for today, and wait for this one to do something more reliable.
Tom