Pocket Pivot Review - Instruction on ACIA as a good example 8-29-16
Instructively, should ACIA have a weak close in context with today's market, such as closing below its 10-day moving average, this would invalidate today's pocket pivot.
We have guided members to buying stocks on constructive weakness thus a pocket pivot can be used as a sign to monitor the stock for favorable entry points. Being that ACIA has been a price performance monster, should it fail to hold its 10-day line at some point in the trading days ahead, one should then watch for constructive pullbacks to the 20-day line as another possible entry point.
This information is provided by Virtue of Selfish Investing, LLC (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing, LLC. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2016 Virtue of Selfish Investing, LLC. All rights reserved.