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StockRake

My stock trading journal. I time the market and look for trading opportunities in stocks, etfs, and options.
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What Worked Today 2152008

Started by StockRake · 9 months ago

Well being long the indexes did NOT work today, but two other trades did. BTW the indexes lost 1% against my positions. That sucked for sure so I reduced my exposure today in the indexes at the close.
TITN - Continued its breakout today and saw some nice volume near the close. Up 15% on ... Continue reading »

2 comments

  • mike

    1 year ago

    Would you consider it a good move to buy TITN now after it is up about 30% in one week? If one were looking to buy for a long term hold, do you think one should wait to buy in or do you feel buying at this level is a good bet(meaning you do not think there will be much puulback now)?

    thanks,
    Mike
    reply
  • Sensei

    1 year ago

    I think TITN can either go further or hit a pullback zone here. There are some signs of overbought, but not much. We just cleared recent highs made back on Jan 14th. Some people buy these type of breakouts. I don't particularly like buying breakouts, but TITN does look like it could continue. The weekly chart looks really good here. I would say buy it, with a stop at 17 bucks.
    reply

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