I don't use indicators other than 10EMA and 30EMA and Volume.
Mikey,
Around $30 area would have been a better entry but since the CMC is now going sideways (FLAG pattern) the best buy area would be after it clears the top of the congestion. Having said this, a few days inside the consolidation would do this stock a lot of good rather than breaking out right away.
This stock finally moved today. I have been watching this stock since last week.
3 comments:
Hi MC,
Are you also using any indicators or oscillators before placing your trade? Thanks!
RR
hi mc. New to you site and love your style. how do you like CMC here? thanks!
MIkey
RR,
I don't use indicators other than 10EMA and 30EMA and Volume.
Mikey,
Around $30 area would have been a better entry but since the CMC is now going sideways (FLAG pattern) the best buy area would be after it clears the top of the congestion. Having said this, a few days inside the consolidation would do this stock a lot of good rather than breaking out right away.
-MC
Post a Comment