All,
I have one I'll throw into the hat. I bought ASL two weeks ago on the first bounce of a 50 ema after a trend reversal @ $14 1/4. Right now it's at $15 1/4, so I have a buck.
It has bounced from $15 1/4 for a few days now, and was the resistance of the last rise. $15 1/4 is a clear and simi strong resistance. My mottos are, you can't go broke taking a profit, and the longer you hold a profitable stock, the more things that can go wrong. In other words, if I knew the stock was going to bounce off of the resistance, I would sell now, and be happy with my dollar. I do not want to get caught in congestion. However, as you can guess, if I knew it was going to break, I would sit back and watch.
Would you take the dollar, place a stop at maybe 15 and take 75 cents, or let it ride. The question is, is ASL going to break or bounce????
Best,
Steve |
