Thought I'd post a chart of the AMEX Tobacco index for a change today, partly because the Semis have done little today and because it is a little more relevant to UK investors as there are tobacco stocks quoted in London and this index has BATS as one of its constituents.
Thought this was interesting as a doji has appeared today at the 50 moving average which has supported the uptrend up until now. Whether it will again is down to you, but there is no reason to suspect it won't. If one was to buy here your stops can be kept relatively tight as a break of the moving average invalidates the reason for going long.
Thought this was interesting as a doji has appeared today at the 50 moving average which has supported the uptrend up until now. Whether it will again is down to you, but there is no reason to suspect it won't. If one was to buy here your stops can be kept relatively tight as a break of the moving average invalidates the reason for going long.
