Short Tesla @37.96 [email protected](bearish harami + top of BB + high volume short + gap down) Nxt support around 33.84 Nxt support around 32.48 Nxt support around 30.38 target [email protected]
1st mar 2013 Go long JNPR ....sellers showing sign of losing steam. Some profit taking taking place, Buying on pullback @18.85 seems good value. Long JNPR @18.85 [email protected] target price 32.5 (Head and shoulder bottom formation + tweezer bottom between nov&dec at around @16)
This message was edited by windersports_88 on 01-Mar-2013 @ 5:30 AM
A recap on earlier trade- a rising wedge is slowly formed, a downwards breakout within this few days and collapse futher.
25th Feb 2013 Short Tesla @37.96 [email protected](bearish harami + top of BB + high volume short + gap down) support around 35.3 target [email protected]
A recap on earlier trade- a rising wedge is slowly formed, a downwards breakout within this few days and collapse futher.
25th Feb 2013 Short Tesla @37.96 [email protected](bearish harami + top of BB + high volume short + gap down) support around 35.3 target [email protected]
Lesson learnt - should have taken profit on mon 4th march upon seeing a higher low hammer formation which is formed 3 days earlier the long legged doji which is confirmed by White Opening Marubozu the next day.
Predicted a downward breakout yesterday on 5th march but instead it breakout upwards today... squeezing the shorters...weekly chart shows a hammer and WHITE OPENING MARUBOZU...will wait for next day candles for confirmation.....lots of heat taken today.
Observation - low vol on upward move denotes lack of conviction....still remain bearish {hopefully doji formation tmr}
A recap on earlier trade- a rising wedge is slowly formed, a downwards breakout within this few days and collapse futher.
25th Feb 2013 Short Tesla @37.96 [email protected](bearish harami + top of BB + high volume short + gap down) support around 35.3 target [email protected]
Lesson learnt - should have taken profit on mon 4th march upon seeing a higher low hammer formation which is formed 3 days earlier the long legged doji which is confirmed by White Opening Marubozu the next day.
Predicted a downward breakout yesterday on 5th march but instead it breakout upwards today... squeezing the shorters...weekly chart shows a hammer and WHITE OPENING MARUBOZU...will wait for next day candles for confirmation.....lots of heat taken today.
Observation - low vol on upward move denotes lack of conviction....still remain bearish {hopefully doji formation tmr}
Instead of forming a doji another WHITE OPENING MARUBOZU formed today....forming a three white soldiers on the daily chart...shows a change in sentiment from bearish to bullish.Closed [email protected]
Lesson Learnt - the pattern formed is a Symmetrical Triangle instead of a rising wedge prior to breakout accompanied with receding volume.
Long INTC @21.75 [email protected](daily chart display 8 new price lines + weekly chart shows tweezers top + higher low since dec 2012 + seems like everytime market wants to jab it lower but it can't go down any further and holds well at @20) Support @20, target price@27
Only downside to this trade is not getting in at value price @21(top of BB) may consider to wait for it to pull back b4 entering.
Long INTC @21.75 [email protected](daily chart display 8 new price lines + weekly chart shows tweezers top + higher low since dec 2012 + seems like everytime market wants to jab it lower but it can't go down any further and holds well at @20) Support @20, target price@27
Only downside to this trade is not getting in at value price @21(top of BB) may consider to wait for it to pull back b4 entering.
Trade is moving towards our targeted price @$27,current price @$24.50 ....we shift our trailing stop to 23.80 ....expect some profit taking to be taking place soon.
This message was edited by windersports_88 on 14-May-2013 @ 7:25 AM
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