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View Full Version : PXLW downtrend has been broken, going higher

TheChartGuru
11-07-2006, 07:19 PM
467 (http://stockcharts.com/h-sc/ui?s=PXLW&p=D&b=5&g=0&id=p44662436166)

Downtrend has been broken, going higher

The Guru has spoken
tigerlam92
11-07-2006, 09:11 PM
Yup. I got in at 2.3. Hoping this will take off from here.

Cheers
Panthalis
11-08-2006, 01:41 AM
I got in @ 2.36 and have set my sell limit to 2.75, what are you guys look at as your exits?
mlegha1
11-08-2006, 02:28 AM
It might run into resistance around $2.65 range (MA-50).I am kicking my self for selling it earlier I had it around $2.31 it didn't do much got frustrated sold it for small profit and moved on.
TheChartGuru
11-08-2006, 10:27 AM
It might run into resistance around $2.65 range (MA-50).I am kicking my self for selling it earlier I had it around $2.31 it didn't do much got frustrated sold it for small profit and moved on.


A stock's consolidation stage can drive anyone batty! Part of being a good trader is to have lots of patience. Easier said then done. But patience can be greatly rewarded. Look at TGEN's one year chart. It consolidated from mid Aug to mid October(yaaaaaaaaaaaawwwwwwwwwwwn), then the patient investor was rewarded yesterday big time!. Notice how the stock moved after the MA(10) crossed above the MA(50) after that long consolidation period.

471 (http://stockcharts.com/h-sc/ui?s=TGEN&p=D&yr=1&mn=0&dy=0&id=p41990255768)

The Guru has spoken
tigerlam92
11-08-2006, 11:38 AM
IC. I completely understand what you are saying. It happens to me quite often. But as a Chartist, it is clear that the bounce did not occur until now. But as a short term player, do you routinely hold something for that long? Is it prefer or not. Opportunity cost comes into play here.

Again, thanks for the help.

Cheers


A stock's consolidation stage can drive anyone batty! Part of being a good trader is to have lots of patience. Easier said then done. But patience can be greatly rewarded. Look at TGEN's one year chart. It consolidated from mid Aug to mid October(yaaaaaaaaaaaawwwwwwwwwwwn), then the patient investor was rewarded yesterday big time!. Notice how the stock moved after the MA(10) crossed above the MA(50) after that long consolidation period.

471 (http://stockcharts.com/h-sc/ui?s=TGEN&p=D&yr=1&mn=0&dy=0&id=p41990255768)

The Guru has spoken
Jordan
11-08-2006, 03:12 PM
Looking good at 2.52. Resistance at 2.56 then 2.66
Panthalis
11-08-2006, 06:08 PM
Finished up at 2.64 went to 2.66 at one stage but couldn't stay there. Here's hoping that there is more to come.