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Sell signal on 8EMA

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Matthew asked 7 years ago
Hi Pat, First off I want to say great job to Owen and yourself. I really enjoy the material and educational videos you provide. My question to you sir, is that once a stock breaks the 8EMA do you immediately sell some of that position (let's assume you had a good entry and made some money on the way up)? Or do you watch and see how it closes, therefore avoiding intra-day noise?   Thank you again Pat and God Bless! Matt
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Avatar photoOwen Staff answered 7 years ago

Hi Matt,
From Pat Walker:
We monitor the price action & volume action as the stock loses the 8 ema. If volume is heavy on 30 min. and hourly charts and we do
not have much profit cushion we may sell all of our shares. If you do have a good profit cushion we may give some of those shares til the end of the day. If
it loses the 8 ema and keeps falling with volume we most likely sell our last shares.

Link to brief video:
https://youtu.be/D498wNbzlac

Matthew Stemkoski replied 7 years ago

Thank you very much gentlemen, that helps a lot!

Avatar photoOwen Staff replied 7 years ago

You are quite welcome… from Pat and myself – I’m on the phone with him now.
It’s time to Make The Key List!! 😉