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Friday, March 27, 2009

Friday charts - 032709

My vacation starts - well, right now. So I am not too motivated to make a long post with detailed chart analysis. I'm sure you understand.

But here are a few trades from today, with [very] brief notes.

BCS gapped out of the previous trading range, and after a sharp retrace to the 50% mark it recovered; I entered on a break of the sixth bar's high.

FSYS - I bought on a break of the fifth bar's high; nice support from the R2 pivot (yellow line).

GILD - one more on a break of the fifth bar's high; the R2 pivot (yellow line) was just above the FE, and I held out for that as the target.

What can $5 do? Read about "Good Karma" and RJ.



Anonymous said...

Thanks for the post. Have a great vacation!

Bulletace said...

Have a nice vacation X. would anyone care to comment on the FSYS GILD trades to me please. I assume they are push through play?
Althought stock didn't gap up, but it had wide opening range, so i guess we can include wide opening range in our watch list?
Thanks for any help in advance.

Todd said...

Both stocks gapped up.

Investing For Life said...

Flippin sweet! Enjoy your vacation, X! See ya in Rio!