On 10Mar2012, I mentioned Paramon when she is trending near the bottom of her channel, see below for part of my comment or you may need to refresh in details what I have wrote at http://reiccs.blogspot.com/search/label/Paramon
......"So, how to play ?
To those traders that does not want to miss the opportunity, one should enter position if Monday intraday can goes higher than 1.61. These again based on probability, the true support may not be 1.58, so one should enter with a smaller position and keep some remaining bullets to average down at 1.52 if really the trendline A is the way the market really wants Paramon to go.
What about you are conservative ? So, just wait till 1.52 to enter, if she really doesn't goes down to this level, just forget about her and moves on to hunt for another better probability stocks....."
Today's comment
On 23Apr, she started to trade around 1.52 which even the conservatives also can enter. Remember ! even with TA, one cannot be accurate till the exact cents level when I mention about target entry price.
As of 21/June/2012 (is been 3 months +) , she has finally reach back her upper channel line, awesome right ? One can have his own sweet time to purchase around 1.51~1.62 as she fluctuate on these range for about 2 months. Meaning there is no rush in buying when she has reach the bottom of the channel line.
So, is it time to sell now? If on3 were to follow the trend channel game plan, it is time to sell. Again, remember one cannot get every juice out of an orange. She may breakout from the upper channel line but hey with this channel range, one already profit 18% for a mere 3 months period. One should not be greedy.
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