Received 7 Karmas
STicker
STicker Feb 08, 16 12:03 AM

Thanks for focusing my research!

PatrickST
PatrickST Feb 08, 16 3:58 AM

Hi Tim. hope you had a good weekend. I'm currently holding IMMU short from 2.40 my target was 2.15 which I just missed out on on Friday. I'm currently demo trading so happy to hold short over the weekend. My question is simply, given that the stock managed to hold a 20% gain at close should that indicate to me that there's a good chance of it continuing to hold the gains? I see a possible support level now coming in at 2.05, would you be targeting that?

kroyrunner
kroyrunner Feb 08, 16 10:33 AM

@PatrickST congrats on the win if you've locked it in by now. i don't really think in terms of set % numbers, so i'd never assume a stock will hold up or continue to break down based off of how much it closed up or down on the day. for me it's all about the chart and the key support/resistance points i see

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