Tuesday, January 16, 2007

Day Trade: Long FMCN 30-min chart

Entry @ $78.00 / 700
Exit @ $79.55

*** update 11:15pm ***

  • The stock was active yesterday with strong upward momentum bias. Trend continuation play
  • Long entry at $78.00 on the break of the high of the 4th cstick
  • Initial stop at $77.45 which is the below the 4th cstick
  • Sold 700 shares at $79.55 before the close
  • Trade closed with a gain of $1085 ( +2.8R )

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