Showing posts with label Z-obee 100330 1205pm. Show all posts
Showing posts with label Z-obee 100330 1205pm. Show all posts

Monday, March 29, 2010

Z-obee Trailing Profit Protection

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Kudos to those who bought at the breakouts of the red trendline or the green horizontal resistance line. As price continues to move higher and higher the risk of a retracement is imminent. A simple profit protection such as a 1% percent trailing stop from the daily low will provide a safety net to ensure that accumulated profit is not eroded. As long as the price does not go below the blue trailing stop let your profit ride on this zooming rocket.