LLNW Trade

For those in the LLNW trade...

If the daily chart closes as it looks now, we have a short term reversal pattern, which probably means that LLNW pulls back to the 10 yellow or 22 blue-day moving averages. You may want to take some profits and re-evaluate another entry at the pullback level. You do not have to take full profits, maybe enough to guarantee at least a break even or better. You can see MACD is also dipping at the moment, although it is on an uptrend that may continue to grow. This screen suggests this is still a long for trend traders, but for shorter term, I'd consider profit taking.