This Is Why You Should Pay Attention To MACD
National Semiconductor (NSM)
did not give me the result I was looking for. I don’t like to write
about my own mistakes. But, what did I do wrong?
10:23:27 (From TradersWire)
|
Action |
Symbol |
Order Type |
Setup |
Stop |
 Target |
Current Price |
Posted By |
|
Buy |
NSM | buy at the market | testing Fib level | 20.55 | 20.90 | 20.72 |
TK |
The stock was pulling back from its
intraday high and nearing the 50% retracement level (from yesterday’s low to
today’s high). I thought NSM was ready to rally out of this pullback. Shortly
after 10:20, NSM took out a declining trendline on increased volume. I
immediately bought it at the market. Unfortunately, this move did not last long
enough to give me profits.
11:24:41
Follow up on NSM
It has stopped out.
Why did I fail? The stock broke above the trendline, but the momentum was still
down as indicated by the MACD.
T.Kamada
Feel free to mail me your
questions.
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