This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com
No trades yesterday. Two trades today in this crazy market.
Trade 1: OXY
Trade 2: GME
This entry was posted
on Wednesday, March 28th, 2007 at 7:44 pm and is filed under Trading.
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Congrats, on the nice continuation play on GME. It’s amazing that it moved so well today because yesterday it felt like way too much supply every time buyers tried to move prices higher.
Zoomie,
Get your tradin’ fingers outta my GME! LOL!
(in reality, congrats on your trade! I am impresssed.)
Thanks Goddess and Jamie (as I bow in respect). It was a nice supplies ;).
nice GME trade
so are you gonna tell us the 3 warning signals?
;-)
Red flag 1. Oil sector gapped up as a whole. Stock wasn’t really an unusual suspect.
Red Flag 2. Played break of 30 min O/R high with no, or little, base. No bullish candle either, until close of 4th candle, which wasn’t taken out.
Red Flag 3. 5 ema a fair ways below.