a shallow down then followed with bigger long buying. But the rebounce maybe very short because Vectorvest indicated 3 red lights last night and the trend is down.
Today bought 100 share of ARNA for fun... Wait for NEWs from FDA approval.. It can approve any day between now and Sep 16. So will hold it till the news announced. If it gets approved, sell the position and play BULL short right away, just as MNTA. or the money is gone.. 6.68 in the position today.
ARNA is in up trend. 7 day MA is above 14 and 25 days. Today it dipped and the up trend is not broken yet though MACD heads down and STO is down. As long as the MA stands, it should not be a big problem. Just use 700 to buy an opportunity for a month or less. Why not?
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