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Selling TRTC – If, Then… Market Timing

Selling TRTC

By Rod David | March 11, 2014 - 10:54 am

This morning I am selling Terra Tech Corp. (TRTC) as it probes $1. The portfolio bought it last week for 55 cents.

The stock was bought in anticipation of a Symmetrical Triangle breakout. This morning”s surge is fulfilling the pattern”s 261.8% measurement at 1.05

Also, this is the third consecutive session of surging. That sequence tends to identify a near-term peak.

Finally, this is about trading, and I am selling strength. There is another valid strategy for maintaining exposure to further upside, if willing to risk getting a lower price in exchange. Simply, sell if price were to dip back under yesterday”s 85-cent high, or close under its 84-cent close.

Posted in Bigger Picture