Waiting For Price To Confirm The Trade
I’ve often ‘MENT’ioned the
need for preparing ahead of time–but
ultimately having the patience to wait for price to confirm the trade.
….and so it went in today’s trade.
10:36:12
Intraday Update
Mentor Graphics (MENT)
is forming a potential
1,2,3 off its session lows and daily chart supports. MENT is off by 2.40 at
15.01 as we look for a 3 point pivot low to establish itself.
In my book of profit-taking–it might not have
been the most glamorous move, but you could definitely stand to ‘profit from
it.’