Thanks, Dabum.
After my post I closed out my Brazil ETF, BZF, for a 16.3% gain in 6 weeks. I was concerned about the last few days of trading and decided to lock in the gain.
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I may be adding at resistance, but I bought more WFR today. I'd like to see more volume, but the money flow has crossed to the positive and the MACD fuel cells are increasing. What really caused me to add was some good ole' fundamentals and my fair value analysis, which I finally got around to doing. :>)
stockcharts.com[h,a]daclyiay[pc21!d10,1!f][vc60][iut!Lc20!Lah12,26,9]&pref=G
Weekly chart shows an increase in volume but some work to do to break through the $14 range. I will monitor this closely, as just a day or so ago I was thinking of selling before I looked at the fundamentals.
stockcharts.com[h,a]waclyiay[pc21!d10,1!f][vc60][iut!Lc20!Lah12,26,9]&pref=G
I tried to scalp some tanker plays on their downturn today but couldn't get fills. Was looking at VLCCF, OMM, GMR, TOPT, and others. Own FRO, which was down nearly 7% today. Any comments from the thread on this sector? |
