Today, I divested some of my investment in NeraTel. Why? Do I not think that the share price could go higher?
Well, high could go higher. With the MACD and RSI still rising, the positive momentum is strong for price to possibly go higher. We also see a higher high in the CMF.
However, there seems to be an established pattern in the recent meteoric rise of NeraTel's share price. A high volume long white candle day seems to be followed by a short period of low volume pull back.
So, sell some close to the high and buy in again as price pulls back seems to be a good trading strategy. It also seems like a good idea for a long only investor to do this and make some pocket money in the process.
Fundamentally, my main motivation for investing in NeraTel is for a relatively high dividend yield. With its share price having run up so ......