Stock moving below the 30 MA, Shorted at 19.5. 3rd day of moving up after the fall. Stocks may move upto 4 days towards the 30 MA. Then slowly come down the way it went up. Have to wait for another couple of days for complete action.
Same thing happened with NOG.
As Jessie would say, I put all money at 23. Stock went up till 25. should have waited. But did not. Took a small lose and got out. But stock slided to 20 now. Should have got stocks in 40, 40, 20 percent succession. Do not put all your money at the same time at buying. This is the reason, I am getting loss, even though I am correct in my analysis. If stock moves against you, then one panics for even a minor change and sells.
That is the reason why to have at least 3 stocks in portfolio to play with.