The stock got hit quite hard and we sit with about a 5% loss thus far.
This one might be trouble as the 14 day Stochastic crossed on Friday, but I will stick with the game plan and keep my sell stop at the low for the pattern.
We Remain long ROCM from 14 5/8.
Currently we carry at 10.1% profit, so now we move the stop up to break even.
Currently we carry at 10.1% profit, so now we move the stop up to break even.
The entry point of 24 1/4 was hit on Friday and we are Long the stock.
Remember, this is a three day pattern and the stock needs to pullback in order to get into it.The buy target is always the halfway point of the second candle in the pattern and the stop loss is always set at or just below the low price for the pattern.
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