Monday, June 3, 2013

WMT swing

Like WMT swing here. It may hold the weekly support nicely. One can start a small position here and wait to see if the pop today is going to hold. 74 and 73.25 are another key levels that it should hold.

TSLA swing

TSLA broke 100, which is a key psychological level. It may still hold here. Wait and watch before you can add to your position. Add above 100.
Check out my prior call on TSLA , had called it to go to 140

BMRN short

BRMN short- though this looks very clean on the charts after the fact, but it would have been very difficult to play it since the drop on the 1min was too quick and you do not want to chase it.

Ideally if the bars were smaller drops, one could have played it below the 1st 5 min . But this was not playable.

P - when to start, add to position

P short pattern today.
One could have started this play shorting it at the low of the 1st 5 min bar. Start small as you want to make sure it goes in your favor. Then add to your position below the consolidation on the 1 min, in your favor.
Add to it again when it breaks the whole number of 16.

Your stop needs to be the whole number now and protect it. It is a soft stop not hard one (means do not place a limit order).
Exit on the volume peak and shown.

Learn such patterns. This pays a lot

INFY swing

Had called for INFY swing position to start on May 30 on my blog earlier - http://agaptrader.blogspot.com/2013/05/infy-swing.html

It is now working and is above 44 today. Like it so far the way it is shaping up. Add to position in your favor.

RAX swing

RAX broke the support at 40 few days back, next level to test it is about 30. Do not buy it yet. Wait and see where it goes.

VMW support

VMW is at crucial support on daily and on weekly chart. If this holds, it may see some bounce. This is key as it has not broken this for a long time.Keep an eye on it to see how it shapes up.

Today's close is important