I started with FSLR since the 1st 5 min bar held. Love such plays where the 1st 5 min bar holds and when there is a 2 bar pullback. Added it on the way in my favor of trade and exited when I was more than happy with my profits.. It may still go up lots, and could have kept some position, But I am out of trading and done for the day with a very clean profit.
This is how I like it, Day trading for me means in and out at profit.
Monday, May 13, 2013
Saturday, May 11, 2013
INTU swing
Like INTU above 61.25, 200 day moving avg. Also see the weekly chart where it just clears the weekly mess. Has a good upside.
GRMN swing
GRMN play - I like it holding at this stage. Ideally you do not want to play a stock that is below the 200 day moving avg, but see the daily chart on left, the tide seems to have turned with the 20 day going above 40 day moving avg. so keep an eye for a good swing
FB swing
FB - has a lot of support here , Breaking 29 is great, but there are minor support at 28, support at 26.7ish and best would be if it touches 25, also is the 200 day moving avg on daily. Lets see how this works out. If it pulls back a bit, I love it. This is a good long term play. Like the chart even at this level.
EMC swing
Like EMC swing play. Though the weekly has a lot of resistance, I still like EMC as a stock. It has recently held the support and going above 23.5 looks good. Potential targets are 26, 28
CMG Explodes
THis is an old play, but just wanted to show the power of the daily bars here. This can be played on the 5 min chart above the 1st 5 min high like I generally play most of the days. But what is interesting in this play is the BIG RED bar on the prior day and holding above the support. The next day opens above the HUGE RED bar and above support making it a huge potential to be a great tier gap and see how it explodes.
Such plays are the best ones and have to be lucky to get it. But if you see it, you can make tons, enough for next few weeks.
Such plays are the best ones and have to be lucky to get it. But if you see it, you can make tons, enough for next few weeks.
CHKP swing
CHKP also very similar to Caterpillar CAT pattern, just went above 200 day moving avg. If this holds, has a good chance to go to prior highs of 52 target 1. This stock does not fly like some of the big names like TSLA or CAT or NFLX. This is a slow moving stock.
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