Tuesday, May 28, 2013
FB swing
I do not like FB anymore. If it held 25, I wold have liked to play it swing as I had called it earlier. Now it has to come back above 25 and has to go above 26 for a neat swing trade. Right now do nothing and just wait for it to come up and test prior support levels. Falling to 20 is good but I doubt it, may get 22 on this.
CHRW swing
Like it above 60 for a swing trade. If tomorrow it opens above this, this can be played as a day trade as well aggressively. I like it so far. Next support is at 56 if it falls.
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
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