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Originally posted by stockman09 View PostI'd say stay in UVE,it could still go up.
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im actually still in UVE. see no reason to sell, managed to be up 2 cents on the massacre Friday. Seems to be moving independently of market direction. And the chart looks good, its approaching resistance at the 3.75 level, but if it can manage to break through that there's not too much resistance upwards. Plus its got the benefit of the ~3.40 and ~3.25 support now.
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absolutely. I'm working on a candle stick charting swing trading strategy, it involves entering when the price is between the 30 day SMA and 10 day EMA. (under 30 SMA and above 10 SMA). This is referred to as TAZ (Traders Action Zone, coined not by myself but over at swing-trade-stocks.net), typically where pullbacks occur.
So the stock was in the TAZ, and in an uptrend, allowing me to go long. Then the candle stick that you noticed as well on 2/20 that was a bullish hammer. I would've entered the day after had there been bullish confirmation (an up day following the hammer). There was instead a down day. So I waited until the following up day to enter. In addition it seems to have bounced off support. So the hope is that UVE just had a brief pullback and will resume course on its uptrend since mid November.
again, this is a new strategy, and I'm a fairly new trader. take all this with a grain of salt. im just hear to learn =)
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