Here’s Why You Should Pay Attention To The Two Consecutive Tails
The 50% retracement
level, rising 20-period EMA, decreasing volume,
and two long tails, I had to buy this stock.
10:51:19 (From TradersWire)
|
Action |
Symbol |
Order Type |
Setup |
Stop |
Current Price |
|
Buy |
GERN |
Market |
9.06 |
9.20 |
After hitting the intraday high,
GERN began to pull back on decreasing volume. It was a normal profit taking. We
were looking for a resumption of the uptrend. As you can see below, the issue
made two consecutive bullish tails just above the rising 20-period EMA and 50%
retracement level. We decided to buy it at the market.
11:21:05
Follow up on GERN (Pt. 3)
Have a productive afternoon session!
If you have questions, feel free to mail them to me.