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[Platinum Trading Alerts] 2 Stocks that triggered Selling signal
[Platinum Trading Alerts] 2 Stocks that triggered Selling signal
August 21, 2023
PAPER Trade ONLY
Sell BKR: 1/2 position at 30.92 (50 shares) 5.46% gain
since it went on the watchlist Getting close to a negative crossover of the MACD. Wicked down to the 9-day SMA and stayed above but all other guidelines are also intact. I’m risk adverse so wanted to book some profit so kept 1/2 of a position.
Sell NFLX: 1/4 position @ 310 (25 shares) 6.9% gain
since it went on the watchlist RSI is getting into the overbought range and todays candlestick shows a level of indecision. The guideline indicators are still in tact but wanted to continue to book profit and still have 1/4 of a position.
Note: I don’t try to hit the tops because tops are impossible to predict but will take some profits and stay in the trade at a reduced (risk) position level. Stories like missiles hitting Poland can wreck your swing trading positions overnight which also plays into my decision. Other may be bolder in their trading style which is all right.
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