_MK_Watcher_
:
Last Friday, it tried to support at 220 by ShareBuyBack (1mil shares), but it drops to 217 at closing bell, which suggests the retail market force is larger than institution.
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101572862
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haha ... he is the master in technical reading it is what it is ... unless there is the strong buyback etc then support might change .. unless it's destiny towards so called support 1.80 this combines with JP Morgan targets to sell this combines with next upcoming port levy so negatively things are moving around here. better to be cautious
103544635
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Preserve yr capital, for the lowest price to come. wait for the knife to drop on the floor first. Ok to lose opportunity, but not yr capital.
103544635
:
I think it depends on each strategy...Long term, Position, Swing, Day or Scalper trader. U will hear different ways because each one has his own intention on entering n exit. For scalper, he couldn't care less what is going on in the world, he just sees a correction n wait for the downtrend to be broken n then he enters for 1 or 2 cents up n he sells. He make quick profit n off. But for others, like in this case, it is caused by world event, so u might want to decide n look into the Dow n nasdaq future to give some kind of indication whether it has bottomed out or is sell off going to continue tonight. Because if it does, this stock is going even down on Monday. But if u think it has bottomed n want to buy, just buy small amount with strict cut loss 0 5 to 2 percent, in case some Big sellers just dump it down. So even if u lost that 1% cut loss, u can always come back to buy it at even much lower price on monday. Just my 2 cents worth of opinion.
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_MK_Watcher_ : Last Friday, it tried to support at 220 by ShareBuyBack (1mil shares), but it drops to 217 at closing bell, which suggests the retail market force is larger than institution.