Tuesday, May 28, 2013
APOL swing
I like APOL above the 200 day ma, above 21.5. Here it looks good for a neat swing. It may go higher and test 21.5 and then head higher. The 20ma on daily is tending upwards.
URBN swing
This may fall to 40 or close to 200 day moving avg. If it does not fall, I like to buy it above 42. Let's see if the fall was one big red bar or continuation pattern.
KORS at support - swing play
I like it since this is at support. Holding 60 is the key, if it holds 60, this will see higher numbers. Like it so far. Buying here is good.
VRX fade play
You have to wait on this one before play it. You can play it when it failed to take the 1st 5 min high, can start very small and add to position only when it fails the 1st 5 min low and falls down. Protect it when you see it fall down sharply and with volume.
5 min patterns
Check out the variations of this 5 min play. All these are playable s on various degree of entry/exit/stop plays. Only one is a fade play. This is an example of all gap ups.
All these charts were formed today, except the bottom right one which is SPPI trade that happened on 5/22
All these charts were formed today, except the bottom right one which is SPPI trade that happened on 5/22
LNKD swing support
Cannot be called for a long swing yet. This one has to hold and the stock has to go higher than today's high. Let's wait and see how this shapes up. This may fall a bit more is what I feel
A pullback play
This is another pullback play putting it here for pattern recognition. These are one of the best plays. 1 good bar on 5 min, 2 small pullbacks that does not fall below the 50% of the 1st 5 min bar, then heading up. Buy high of the prior red bar on 5 min and keep an eye on the high of the day and then if it continues, just play it higher.
I like such plays.
I like such plays.
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