AAPL is on my WL. Although the stock rally in the AM and managed to have 2 bar closing above the 20EMA, AAPL printed a very nice looking evening star (bearish reversal pattern) at 11:30am. Although I do not trade this pattern very often, today I decided to give it a go. Price moved my direction and AAPL cleared the previous day low printing a nice bearish bar and an IB below that line. I used the low of the IB to add more to my position. I took a partial at S1 and was stopped out on the next bar.
4 comments:
Very well done!
5$ gain rocks man! I loved the way you did it, but did you see the pattern real time? or was it some stock screener software that helped you?
Thanks tomer!
No, at this point I do not have any scanning software. Some folks use Trade-Ideas, but I have not given that a try yet.
Anyway, I like your site and added it to the "Blogs I Read" list.
Cheers,
excellent stop-out there
I did not want to risk the profits of the second entry (or the first one) on a market reversal :-)
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