$UQM has a previous high of around $.80, so my plan is to buy the stock at less than $.90. The top end of this stock and a previous wall was $1.25. Selling $UQM if it breaks $1.05. As far as $XGTI goes the plan is to buy below $.80 and sell before the resistance around $1.50.
Posted Oct 26, 15 9:32 PMbyAmateurTrader
Received 1 Karma
not a bad plan I have a similar one myself. Only thing I would say is I wouldn't get in XGTI until it has a clear breakout with strong volume. As we saw today it couldn't break out, I actually made money buying the first pull back this morning at .7 then selling at .77. If it fades back down to .7 support nobody knows for sure if it will even challenge the high again. The safest thing to do is buy the breakout in my opinion
Thank you! I really appreciate this. It is nice to see a trade plan and to get an idea of what I should be focused on doing.
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