Wednesday 24 February 2016

SKPETRO follow-up

Today , SKPetro has broke below the 1.92 trailing stop set . Thus, profit is taken with a 19% gain.
Lets see whether this is a whipsaw or true retracement. If is a whipsaw, she may close above 2.04 with high volume, then the next trade would be a higher entry point than the 1.92 sold price.
As a trader, we should follow the signal at this moment and not hope for the closing of today as a whipsaw. Action must be activated as the trading plan. If she goes down as per prediction, then we can wait for another buy signal to enter at a lower price than our sold price today.


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