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

To: XiaoYao who wrote (4975)	7/30/2005 11:14:57 AM
From: chowder	Read Replies (1) \| Respond to of 13449

>>> I have been holding CMOS and FLE for a while, but they have been struggle to break their resistance at $11.00 and $11.50 respectively. Do you see any sign of breakout of resistance or it will be sideway for a while? <<< I don't know if they will continue higher or trade sideways. What I see in CMOS is a stock in a nice longer term uptrend. A stock that could correct on profit taking but, I don't know if that correction will come or not. Since you have been in the stock a while, I will assume you have a decent profit. If this is true, then it is time to focus on managing risk. You need to determine how much you are willing to lose in the event price pulls back. I wouldn't worry about the profits at this point, I would concern myself with not giving back much ground. If it were my trade, I would be determining my stop loss point and continue to raise it as price rises. You've got a very nice looking longer term chart and I would feel comfortable owning this one at this time. Weekly chart: stockcharts.com[h,a]waclyiay[d20040430,20050729][pb50!b20!f][vc60][iut!Lah12,26,9!Lc20]&pref=G The same concept applies to FLE. If you have profits, establish a stop loss point to protect them and raise your stop as price rises. Weekly chart: stockcharts.com[h,a]waclyiay[d20040430,20050729][pb50!b20!f][vc60][iut!Lah12,26,9!Lc20]&pref=G dabum