FLUIDOMANT: fluidomat is a good option to enter right now recently broke previous resistance of 158.7 with high volume thats a great bullish indicator........................so u can enter it.........but at what level?? what should be your limit price? i will explain it..........look at the point of rise its= 146.........its the point from where the rally begin..........in most of the cases before a stock start moving upwards it comes back to the point of rise i.e. in our case 146..........its not necessary it will come down at 146 again but yes there will be a come back so u will place your buy order at limit price present level+ point of rise/2 it comes out to )146+170)/2= 158............thats the price where u will buy this one..........however some recommend buying 50% at 170 and rest 50% at 150 levels that is slightly above the point of rise but i prefer avergaing the both and placing the buy order at that point..................its very extrme situation the possibility of which is very less that it wont come back to 158.............in almost all the cases for me it has......................so u can place the order at 158. HAPPY INVESTING
Posted on: Thu, 14 Aug 2014 00:13:53 +0000
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