BBY long play is good, but I just don't like this stock only because of the fights of ownership that is going on and that is why this is popping. But above 27 looks like a break out, may not last, will not hold it for a swing play or will not keep it for overnight, since if the battle becomes sour, this stock may tank.
I would like to see this go above 37 strongly, then it is in a no man's territory. Let's see how it plays tomorrow. Buy above the 1st 5 min and add on pullbacks, if it falls below 37, wait for it to go above the support before going long
This one looks good for tomorrow, it has to hold 37 for me to trade. Ideally I would like to see one good green bar on the 1st 5 min, followed by a small 2 bar pullbacks either on 1 min or 5 min before resuming its upward movement. Lets see how we play it tomorrow.
To play this as a day trade, size matters in this case. It moved about 60 cents with a 20 cent stop, one will get about 3R. so the only way to max your profits in this one is to add to your position. I did not pay it due to the big green bar yesterday and generally this stock does not have much momentum for a day trade.
This pattern did not work, the fade also did not work. Coming back to the day's low and going long the 1st time didnt work, but eventually it did work. Got stopped out.
I played MDT today, went long. Ideally I like it when the gap is a bit closer to the support on daily. I still played it started very small since I expected it to come back a bit, but this one just kept going up and went very nicely with very clean pattern.
