Thursday, June 18, 2009

Failed BO - AMGN


I traded AMGN first as a C&H based on 5 min. chart. I entered on the 4th bar but there was no volume or price expansion. 6th candle was a narrow range hanging man. I exited my long position and shorted it. Covered completely a few cents above $52.50 to avoid the half dollar bounce.  

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