Thursday, October 27, 2016

TWER



currently on the buys list

A bust. And where was my stop? Seems I was buying at $1.34, and below the bottom of the real body of the inverted hammer three days earlier would have been the stop ... which was not a sufficiently close stop. Red bar the next day and buying at $1.24 would have been better, of course, though still maybe not great. Anyway, stopped out, and a good thing, with prices now down over 80%. And now, it's a buy again. Target is a double. You know what? I'll write it up separately.
f   y   m
it's a big wave breakout, pretty unmistakably. now we wait for a buy signal or just buy it at ... 1.2. then what? um, 2 is the target ... but what does it do then? pause? pull back? not even stop?

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