ZOM has broken upward from the XABC pattern. I am looking at a FIB resistance at 1.22. It sprung up to 1.34 pre market which is great. I am going to watching this carefully as I had trailing stops at .03 increments pre market and did well. Slightly better than expected.
Reentered at 1.09 and working the same trailing stop of .03. This will either stop me out and then allow me to add to an even larger position at a lower price or keep profits as it rises. Then reenter. Only people who have time to do this strategy and stay at a computer should try this because you have to watch the price or be able to react to your sales with limit buys etc.
If you don't have the time for trailing stops. The long, again, is 1.22 resistance. Once broken that must be used as support in this volatile stock.
Cheers!! Not financial advice. Just an educated opinion.
Reentered at 1.09 and working the same trailing stop of .03. This will either stop me out and then allow me to add to an even larger position at a lower price or keep profits as it rises. Then reenter. Only people who have time to do this strategy and stay at a computer should try this because you have to watch the price or be able to react to your sales with limit buys etc.
If you don't have the time for trailing stops. The long, again, is 1.22 resistance. Once broken that must be used as support in this volatile stock.
Cheers!! Not financial advice. Just an educated opinion.