Let us focus on this trade:
Reasons for buying:
1. This stock RM was in a wedge shape triangular formation.
2. The DreamTai Stock Trading Software Power Ranking was greater than 3, which means that there was very high buying volume.
I purchased 120 shares of RM at 25.49.
The stock went up to around 27 and faced resistance.
So, it went in a sideward trend.
Notice that the resistance area of 27 turned into support area later on.
After resting at this support area, the stock has again resumed its upwards journey.
The stock may face resistance at the prior peak at 31-32 area.
As long as the stock is going upwards, there is no reason to sell.
