GRMN sold on high volume on the open. 2nd & 3rd bar were inside the first bar tail area. Entered on the break of the 3rd bar low which closed very weak. Covered entire postiion a few pennies above
AMGN sold off yesterday evening on high volume when the markets were strong on the close. Today's first 2 bars were on low volume and inside yesterday's close bar. A very risky trade because AMGN had nice support in the $66.60-66.50 area. I entered on the break of 2nd bar low, above the PDL. After the close of the 3rd bar, moved the SL to BE. 5th bar was an engulfing bar but missed my SL. Covered a few above $60, next support level.
This was a loser. ADSK gapped up and formed a bull flag. Entered on the break of 3rd bar high. Moved a few cents after my entry and formed a red spinning top. Exited the trade when the low of the 4th bar was taken out.
1 comment:
nice going, I had one exact same trade as you, too bad it was ADSK :(
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