Here’s Why It Pays To Chat At TM
It can be frustrating when a trade fails
to set up perfectly, but instead of going on to the next trade in
another issue, sometimes it’s best to keep monitoring the stock with your TM
moderators.
11:53:17
Intraday
Setup Alert
From the Nightly Daytraders
Report Symantec (SYMC)
is establishing a 1,2,3 bottom. The stock was mentioned as a potential
reversal candidate. With the stock trading down over 2.15, reversal setups look
more compelling as the issue has tested the pivot lows from December in today’s
trade. The leg from the swing point 1 to the 2 swing point is only 4 bars on the
5 minute chart, but volume looks to be confirming a potential move higher off of
daily supports. A 3 point of 3 bars or more has yet to be established, so this
is one to keep on the radar for now. SYMC is down 2.20 at 43.88.
The alert that went out “failed” to
give us a textbook entry out of the 1,2,3….but we liked it enough to emphasize
the point of keeping it on the radar for pattern setups. About an hour later,
Symantec was finally ready to move higher out of a descending triangle with
confirming intraday volume. If you caught the move from our initial alert, job
well done, but in case you missed the move, you might want to tune in to the
chat room. Quite often we’ll follow up our initial posts in the TM chat. For us,
it’s much quicker to post an alert to our members inside this forum, and for
those enjoying the chat room, hopefully their day just became that much better.