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Do we see that OCN posted pocket pivot support on Thursday at the rising 50 day moving average?
Perhaps it will hold.
3(5) base - Just a word of caution for newer traders - see ASPS (stocks are related)
~THE CRYSTAL BALL
Shouldn't the stock close up for the day for it to be a PP?
I don't believe it has to but it should be in the upper half of the days range.Not certain though.But I did think it has to take the 10dma I did not know the 50dma would qualify also
Why not just backtest specific PP rules against this specific stock to see if there is any edge?
To call it a PP seems like a bit of a stretch to me. Ideally you'd like to be around the 50 day for a bit of time (or 10-day, 20-day, etc). I'd also want it to be an up day to consider it.