EIL as you mentioned has played out exceedingly well. Stock price today reached around 149 levels. I was expecting some sort of resistance and hence consolidation between and around 120-130 levels, but buying force seems to be strong.
Personally I booked out profits, since the run up has been too sharp and weekly RSI is approaching overbought readings nearer to 90. ( however with these kind of animal spirits in price moves, things can go much beyond our expected levels) For me, this was a trade where price over reached targets for me and I was able to ride majority of my positions till the final selling)
Ideal thing to do would be to trail stop loss and keep riding, but I myself am not too good at the selling part of equation, and hence keep trying out various options in selling my positions.
Whatever is written in technical analysis books regarding selling ( or many other things for that matter) are based on observations over long periods of time. But the most important rule in markets is that it follows no rules. Hence we have to devise our own strategy.
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