Quote:
Originally Posted by neech
I think the graph is what Lewdog looks for in a stock to buy, we need him to weigh in on what he thinks. On the surface it looks like a go IMO.
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Not bad, you're learning!
It's low risk, if you make if that. Big red flags though which is ONLY why I'd take it with super low risk.
Red flags:
1. Current price is below it's 200, 150 and 50 day MA. Woof.
2. Many red days in June-August were on higher volume.
3. The stock has not shown any bit of a true reversal pattern yet.
One positive is short term trend line shows higher lows are happening, so it's possible this had bottomed.
Past 3 days of closing have had all very similar lows. 13.51, 13.45, 13.44. I bought late in the day and chose to make my stop like I normally do which is take the low of 13.45 x .999 so I set my stop loss right below a prior low. My stop registered at 13.43 today and I bought at 13.57, which is 1% risk.
