RE:RE:RE:RE:RE:RE:RE:RE:0VER 20% PROFIT TODAY NICE PLAYMat1791 wrote: valmeidan wrote:
If you watch the daily charts you see a continues downtrend on MACD as well as stochastics, however if you view it on a more granular level like the hourly or even the 30 minute chart you can see an uptrend which started on or around 3:30 on the 27th with the stochastic crossover and carried over into this morning. Stochastics are now in overbought, but this could very well go over $1.00 which made for a nice trade in the morning.
Sure, I agree with you.
My point and question however is, currently there is a premium built in to this price, and should (no one knows) there be any type of adjustment to NAV, the risk to holding, if that should happen is huge.
Your charts are not going to indicate or warn you of that event what so ever...
It will be pure luck for those caught and those not...
That's how I got caught last week and lost. It was going down and i sold with loss, only for price to start going up, then halt, then news, then price going up while oil is going down, then halt, then news, then price going up while oil going down, etc etc