RE:Time to buy little more shares?Peeta1 wrote: I saved money for this stock and want to buy 4 times. I bought my 25% share at $40/shares. Should I pick my another 25% share at $34/shares? Or this stock will hit $30/shares this week?
Watch the $30 range and make sure it holds, sometimes it is better to wait and buy when it turns around rather than guess at a bottom. There is no solid support level below thirty other than a consolidation period in the teens on the weekly chart. No big buyers after the Agm shows there may be a lack of confidence in management. People laughed at Andrew Left and his price target of $50 for Valeant and now it is way below that. I don't know what the shorts target is here, but its been aggressively shorted at these levels, so i'm guessing its alot lower than it is today. Sometimes its better to be on the sidelines when there is a clear downtrend unless your trading bounces. Happy trading!