I sent out a live trading signal to members on 24 Sept (ystday) at ard $0.34(as shown in intraday chart below). After my call in the morning, price drop to my enter price of 0.34 early afternoon and then shot up to $0.400 ard 3:00PM, a 17.6% potential profit, within the same day.
My live trading signal for Biolidics can be found below
After the ROCKET move of Biolidics, many mkt participants start to look at it. what should we do after the strong move? Below is what I think for now:
First, I will say Biolidics is not in an uptrend, therefore I will not expect price keep going up, it is possible but with less chance. After the strong rebound it may hit some resistance ahead. Seems the 0.400 resistance is quite strong and price drop pretty much from 0.40 to 0.37. it indicates that the upside potential will be kind of limited. So generally, after going up some much, I will NOT suggest to chase any more.
For those who manage to caught Biolidics according to my trading idea and still hold the position, I will suggest to look out to sell today on strength when price rebound a bit. Because price really went up a lot ystday and the resistance at 0.400 is strong, we don’t want to be caught by a potential deep pull back. A consolidation will be bad enough as it will lock our stock and funds without generating profit. If you have a skill to catch ROCKET move like Biolidics and Rex as I mentioned in yestday post, why do you want to waste you precious time and money on stock with high risk and low potential?
First, I will say Biolidics is not in an uptrend, therefore I will not expect price keep going up, it is possible but with less chance. After the strong rebound it may hit some resistance ahead. Seems the 0.400 resistance is quite strong and price drop pretty much from 0.40 to 0.37. it indicates that the upside potential will be kind of limited. So generally, after going up some much, I will NOT suggest to chase any more.
For those who manage to caught Biolidics according to my trading idea and still hold the position, I will suggest to look out to sell today on strength when price rebound a bit. Because price really went up a lot ystday and the resistance at 0.400 is strong, we don’t want to be caught by a potential deep pull back. A consolidation will be bad enough as it will lock our stock and funds without generating profit. If you have a skill to catch ROCKET move like Biolidics and Rex as I mentioned in yestday post, why do you want to waste you precious time and money on stock with high risk and low potential?
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