In my previous watch post I said I was waiting for a break out of $37.39 and a retest to take a positions there, or a move down to $34.57 on low volume to take a position there. This past week, neither happened. However, this is looking strong and I will be looking for any dip to start a position.
Today was a good call from yesterday’s game plan. Low volume and slight price movement. This looked like another day of low volume testing as I thought it would.
|This was a strong week who's high got within 3% of target.|
Continue reading “Long $VIPS Day 8”
Today was a good call from yesterday’s game plan. It was weak as expected and not only moved towards the lower channel line, but hit it, even going slightly below.
|I covered half my position this week which changed my cost. I reassessed this trade because I called it way too early. I set the new LPSY at $5.50. A move to there and I will probably add to the short.|
Continue reading “Short $MEET day 12”
Today was a good call from yesterday’s game plan. Today was down, but as expected, not very much.
|This week had a nice move out of range, but is looking like it needs to rest a bit. A pullback to the $10.08 area would be a great opportunity to add, and a good setup for trending up after earnings.|
Continue reading “Long $BSMX Day 4”
Today was a good call from yesterday’s game plan. We actually got more movement than I expected today, but there was also an analyst upgrade that might have helped. I mentioned without some news we would drift into earnings, and we got a little good news and a move.
Today was a good call from yesterday’s game plan. Today was definitely a big move and closed above that $11.60 resistance. There is a ton of supply in this area, so panic buying and weak hand selling may have just been offsetting each other. Either way, it was the exceptional volume day I was looking for.
Continue reading “Long $VIPS Day 6”