Thoughts on current Chinese-Australia sentiment, page-3

obladiblada01: did you notice the strong bearish divergence on BKL starting around Nov 16, 2017? As clearly seen on MACD histogram, BKL momentum has been falling since then. This is one of the most prolonged and bearish divergences I have seen. Alexander Elder mentions exiting stocks near highs based on bearish divergence. The trailing 2ATR stop loss on my chart was around $166. Guppy CBL $169.32. My average exit was a little too late at around $169.8 average, but still a reasonable exit given that it was above 2ATR and CBL. Should have sold earlier as I needed cash for other much lower priced uptrend stocks.

ACX should have also been sold earlier after it was determined that the $7.80 takeover offer was a done deal. Opportunity cost with having my funds tied up with ACX and BKL for too long.

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