Wednesday, January 17, 2007

Day Trade: Long MA 30-min chart

Entry @ 107.35 / 500
*** update 10:27pm***

  • The stock is broke out of FLAT channel on a good volume. A possible continuation play
  • Long entry at $107.35 on the break of the TOP of the channel in the 2nd cstick
  • Initial stop at $106.45 which is the below the current low of the 2nd cstick
  • Sold 500 shares at $109.40 when the trailing stop was hit on the 8th cstick
  • Trade closed with a gain of $1025 ( +2.2R )

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