Learn how to use PowerRatings with Fibonacci
In today's example, let's take a look at Palm (PALM).
PALM bottomed in the first week of November and has been in a steady uptrend since. During that time, PALM went from a low of $24.50 to a high $41.14 (a 68% return in less than 3-months) without any tradable pullback. This can make it very difficult to find a suitable entry point and lead to a rash decision to buy at precisely the wrong time. If you find yourself making this kind of mistake, don't worry as there are tools that can help you avoid repeating them in future.
PALM bottomed in the first week of November and has been in a steady uptrend since. During that time, PALM went from a low of $24.50 to a high $41.14 (a 68% return in less than 3-months) without any tradable pullback. This can make it very difficult to find a suitable entry point and lead to a rash decision to buy at precisely the wrong time. If you find yourself making this kind of mistake, don't worry as there are tools that can help you avoid repeating them in future.
posted by Gordengekko at 11:34 PM
0 Comments:
Post a Comment
<< Home