Monday, January 14, 2008

Tonto Trade – POT (Potash Corp.)




I was not able to get a clear picture of this with the 15min chart, so I switched to the 30min. POT was on my watchlist and when I saw it gapping up, I sensed it could reach the 150 resistance level. The first two 30min bars were strong and in my 5 min chart there was a nice ascending triangle taking shape. I managed the entry and exits with in the 5 min chart. My notes are in the chart

No comments: