Tuesday, March 30, 2010

Z-obee Trailing Profit Protection



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.

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