It’s so interesting reading most folks sentiment on various chart levels, what they mean, and how to trade them. Obviously when prices are falling our human emotions tell us we should be worried about further declines. But does that mean you should not try buying stocks on pullbacks to what appear to be supportive levels when they are undeniably in an uptrend??? That’s my entire approach to trading in a nutshell (both directions)….you simply need a close exit when your underlying premise of support (or resistance) is no longer valid. Survive to trade another day. The alternative would be to chase prices as they run higher. That only works if you’re a very short term momentum trader and I know we have at least a couple on here but I suspect the vast majority of you are not day traders or even 1-3 day swing traders. You’re probably like me and want to ride the meat of the trend as long it lasts, perhaps even years.

Here’s my take on MUX.TO. I would have bought it today. So I ask….if you don’t buy today, when do you enter a long trade on this stock as an investor?

MUXTO