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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?


To: Peter van Steennis who wrote (402)11/15/2004 4:51:10 PM
From: chowder  Respond to of 13449
 
Peter,

I don't know if DYN will hit $5.60 or not.

The price is still sitting above the upper momentum band and that is bullish. Once in a trade, as long as the momentum band is rising, and the price is above the upper band, the play is to stay with the trade.

Since I have a profit in DYN, I don't want this one to turn negative on me so, I am raising my stop to the blue dotted line in the middle of the bands. That will be my support level and anything below that will trigger a sell for me.

That puts the current stop around $4.98 and rising.

stockcharts.com[h,a]daclyiay[pd10,1!f][vc60][iut!Lah10,30,5!Lc20]&pref=G

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