This Is One Way To Use Stochastics In Your Trading
Although eBay Inc (EBAY)
closed poorly yesterday, it managed to hold above a support line.
Also, the low reading of the stochastic suggested, EBAY might be ready for a
minor rally.
09:55:29 (From TradersWire)
| Action | Symbol | Order Type | Setup | Stop | Current Price |
| Buy | EBAY | Stop at 114.59 | Pullback on daily |
113.99 | 114.09 |
The market opened strong. Needless to say, it
helps momentum traders tremendously. At 9:57, EBAY took out Monday’s high, and
four minutes later we could lock in a 40-cent profit.
10:01:29
Follow up on EBAY
Sell half to lock in 40 cents profit. Adjust your stop to breakeven.
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Of course, this was not the only way to buy EBAY this morning. Some traders
simply observe the stock for 15 minutes. A buy will be triggered when the issue
takes out the first 15 minutes high.
Have a productive afternoon!
If you have questions, feel free to mail them to me.