Friday, December 18, 2015

AEL touched 24.00 but only 2 shares were sold

Yesterday's post on the AEL, I mentioned that if you had bought since my 1st post, could take profits between 23.80 and 24.00, to get a +/- return of 6%. Today it went over 23.80 and if any one wanted to take profits would have easily sold between 28.80 and 28.90, but not at 24.00. That is because only 2 shares were sold at that. This is the reason why I said to take profits at 23.80 to 24.00. However for those who opted to hold, absolutely great. Because the stock if break out 24.00, would see it moving to 25.50 at which there can be resistance. Today's close is also significant. The reason is that the high of today is higher than yesterday's, and if Monday's high is going to be lower than today, that would be a swing high point, which may pause the present trendRemember it is only the present trend that started after a swing low point that took place on the 9th,10th and the 11th of this month. For those who would think long on this, can take relief in the fact that the MACD has given a buy signal on it from yesterday. Also the overall market is gearing to be in an uptrend and may extend to January as I have been mentioning on many occasions. Therefore there is hope for the ones who are holding the stock. Also if you have missed to take a position on it, then any down side will be an opportunity not to be ignored.

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