The Trend is your Friend

From Investopedia:

For a recent example, let’s take a look at the Weekly chart of RTN (Raytheon):

From the chart above, you can see that price has moved in a generally up pattern since the Double Bottom in late September 2011. Resistance is ahead at the $53 level so you have something to play for here if no current position.

If you do initiate a long position, just be mindful of where the Sellers are waiting. For now, the trend should be your friend.

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