Tuesday, October 19, 2010

Oct 18 Trades - BIDU, FSLR

FSLR was on my WL based on daily chart. It took out PDH and then retraced to test the PDH forming a nice hammer. Entered long on the 4th bar. Took partial at R2. Price then consolidated and looked like it may go up again but it never did. Sold the remaining near 20 EMA at the EOD.

Daily chart of FSLR. 61% retrace of last leg up. Previous day candle was a tailed inside bar, closing strong.

BIDU formed a bull flag at R2. My entry was a bit early in hindsight. Took partial at 50% FE and sold remaining price took out 5 EMA on nice volume.

Daily chart - forming a base near 20 EMA after a nice move up.

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