Friday, May 31, 2013

KKD high

This is at the high today. A very strong 1st 5 min bar and then followed the trend. Playing above the 5 min high and exiting on the prior bar low was the way to play this strategy

AMZN above support

AMZN doing good today. It is on the higher end of the bound range. It looks higher to me. May test 275 -280 level again.

TSLA swing call

Had called TSLA swing at support 80 going up for a target of 140. It is still very good and the chart looks good above 100. Check out my calls on it - http://agaptrader.blogspot.com/2013/05/tsla-has-potential.html

ROST still in range

ROST is still in a range. It roared back today but has to break 66 before one can buy it. Check out my analysis on this earlier too - http://agaptrader.blogspot.com/2013/05/rost-still-in-range.html

MON Short

Anyone played MON? The stock came down from support at 105 and came back 3 bars on 5 min before heading down. This gave an add opportunity to the position and exit at whole numbers.

Thursday, May 30, 2013

INFY swing

I like it here. It has to go above 45 to clear the resistance, but one can start a position on INFY here. This may be a slow mover

AMRN pullback play

This one had a beautiful setup on the 1st 5 min play that I always do. The 1st bar being a good green bar, followed by 2 small pullbacks. Buying above that and adding as it goes in your favor is the way to play it. Memorize this pattern.