SHOT Shot Safety Inc. Did You Take Profits?

 

Yesterday I wrote about SHOT and said "Stocks with charts like this usually come down just as fast as they climb so a trailing stop loss is a good idea." 

Was I correct?

The top chart is a 3 month chart, and if you understand Japanese candles you will know that the shape of today's candle is bearish despite the stock closing higher. 

The lower chart is a daily chart, and if you had used the RSI (crossing below 50), a break below the upward trendline, or a trailing 15% stop loss you would have sold at around the $6.40 level.

Congratulations.

Make a list of what you learned today, and move forward to the next stock.

SHOT Safety Shot Inc chart Using Technical Analysis, almost 200% profit

 

SHOT was a buy after the $1.60 breakout level and has more than doubled in 3 weeks. Stocks with charts like this usually come down just as fast as they climb so a trailing stop loss is a good idea. Want to see more stocks like this? Bookmark this site

TGTX TG Therapeutics chart using Technical Analysis

 

TGTX chart showed a bullish divergence then popped above both moving averages with an RSI above 50, the stock is still looking good. Want to see more stock charts for investing and trading using technical analysis? Please bookmark this site

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Trade 5 Commodity Futures For Profit

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