HI ALL I HAVE 8000 STOCK OF MDGN (MEDGENICS) - BOUGHT IT AT 4.35!! NOW ITS STAND ON ABOUT 7.3 I REALLY WANT SOMEONE TO HELP ME WHEN I NEED TO GET OUT.... IS 11 POINT IS REALIST FOR THE NEXT 2 WEEKS?? THANKS ANYONE
If you can't come to a number on your own take your profit and feel fortunate. Soliciting advice as you are doing is foolishness.
If I held the stock I would trail stop at $6. They sold a bunch of warrants in February with an initial exercise price of $6.78 so you have alot of supply down to $6.78 if there are issues. What you do above that level really depends on why you bought the stock, but just looking at the longer term chart you can see that $8.50 and $11.50 are prior areas in which supply overpowered demand.
I use a 300m between the Daily and 60m for 24 hour contracts and just happened to draw the lines on that chart. A 60m or 30m would show the same lines and the same congestion around that offering price.
Hindsight proves this to be the best answer. When this thread was created, the price was too far off from the moving averages and the MACD, STO, and RSIs were peaked. If you're not out of it yet, get out. It double topped at 8, and has broken through the 30d MA. Maybe it's range bound, but you know what they say... "$7 stocks are $7 for a reason."
===================== Trader t; Sorry i dont have time to study that one; study 10 year charts, all data...................................................... I would perhaps tighten up stops@ $8.7 area; a good trend does more than double, it doubles many times. Is that good trender, dont know??? Hard to go wrong occasionally,, tighten up stops, can always get back in..... Wisdom is profitable to direct