$SOXSB is up 18.2 percent today and I am not touching it. One number is why
Volume is sitting at zero point seven times the seven day average
Only two point one million dollars changed hands over the last day so bigger size wrecks this book
Hourly RSI is already hot at seventy
I need to see an hourly close and hold above fifty eight point five six dollars before I look at longs
Or a clean pullback that holds forty eight point four nine dollars and bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $SOXSB here or waiting for forty eight point four nine dollars?
#SOXSB #RiskManagement
Volume is sitting at zero point seven times the seven day average
Only two point one million dollars changed hands over the last day so bigger size wrecks this book
Hourly RSI is already hot at seventy
I need to see an hourly close and hold above fifty eight point five six dollars before I look at longs
Or a clean pullback that holds forty eight point four nine dollars and bounces
It could keep running without you and a bad entry costs more than a missed move
Chasing $SOXSB here or waiting for forty eight point four nine dollars?
#SOXSB #RiskManagement