ACI is on my WL. Oil opened weak and ACI was quite strong. The first 15min bar was strong but printed a long upper shadow. However, bars 2 and 3 partially filled that wick. Another important element was that the 3rd bar is a hammer-like bar that finds support on the up slopping 5 EMA and R1. I entered on the break of the 3rd bar high and exited exactly at $68.68, which was an important resistance point in the daily chart.
RIMM is on my WL. I traded this one based on the 5 min chart action. RIMM capitulated on the early going and the 10/5 bar was WR with high volume. After that RIMM started a “relatively” orderly pull back with declining volume. At around 12:00-12:15 RIMM printed a few narrow range bars against S2, so I decided to get in. My entry was at $136.98 and my stop loss was set at $137.26 (just at the S2 line). I exited my full position at $136.02.
3 comments:
Nice trades. Premkt upgrades on a bunch of coals and oils. I like going thru the news. A few coals get upped and they all rally. Downgrades on some financials. Love when little or no gap like leh fcl jrcc and move
and the financial are (and will continue) getting hammered.
bl where do you get your premarket information from?
Post a Comment