Hey all,
Just a quick update on EDXC.
It didn’t play out as we expected this morning, pulling back within 2 minutes after the opening bell.
I am very surprised, but I’m also glad always make you aware of the risks of large gaps. I’ve highlighted in bold my advice on trading gap ups in my previous email.
So far EDXC has held key multi-day support levels at around $0.12 so this is the area to watch.
This could be a decent entry point for a bounce higher, while keeping a pretty tight stop.
Obviously I’m not 100% sure on this, but it is a much better risk/reward trade at these levels, and the longer term trend is still intact, so there should be strong buying interest in the coming days as this thing continues to move higher within the upward channel.
Again, will keep you posted on any new developments.
………………………………………………………………………………………………………………………………..
Morning,
Excitement builds as we count down to EDXC today.
This should be pretty big folks.
But we also have the pitfalls of a much anticipated, hyped play like this.
The dreaded "Gap Up".
You know the rules, don’t chase unless you either:
1/ Get in early and there is strong momentum to take it higher; or
2/ Wait for a pull back, consolidation and move higher.
Given the already existing momentum in
EDXC (as I describe in my previous email – see below if you missed it),
this will not be a 15 minute trade. This should give us plenty of opportunities to trade throughout the day.
I’ll keep you updated with any new information on EDXC that comes to my attention, but otherwise, let’s get ready to bank!
PennyStockGeneral
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