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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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skier31
To: skier31 who wrote (95501)10/3/2025 10:41:08 AM
From: Sun Tzu1 Recommendation  Read Replies (1) of 96933
 
There was a trading "buy signal" in late January / early February but it was accompanied with yellow flags.

The stock was still volatile and rising much faster than its trendline and stochastic (top indicator) which was still below the midline. Furthermore the trend (black moving average) was still pointing down. And finally my RSI (2nd indicator) was overbought and due for a pullback.

The combination of all this meant it was more likely to be a bear rally than a genuine trend change. So the cautious (prudent?) thing to do was to either wait for a pullback and reassess or only buy a small position and add only after it shows a profit.

Then you had that big drop in February to the green line and then it built a base and rose from it. At that time it became a solid buy. BUT, by then it was fairly close to the red rail which is your initial sell target / pause point. Was the risk/reward compelling in March? Hard to tell. Biotech companies can gap giant leaps and if you knew and believed in the company, then yes you would take the chance that the red rail won't be a barrier. But as it turned out, it still needed to build a base.
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