Here’s Why You Should Pay Attention To This Candlestick
The S&P 500 Index is
currently right at the confluence of
the 50-day EMA
and 38.2% retracement level as you can see below. I am sure some traders are
aggressively building their short positions.
09:51:30 (from TradersWire)
Action |
Symbol |
Order Type |
Setup |
Stop |
 Target |
Current Price |
Posted By |
Buy |
GLW | buy stop at 11.76 | pullback | 11.61 | 11.90 | 11.73 |
TK |
Corning (GLW) decisively took out its
200-day SMA and formed a bullish wide range bar yesterday on strong volume.
At 9:45 this morning, the stock formed a nice, long tail on its 5-minute chart.
I wanted to buy it immediately, but I was bothered by the 20-period EMA. I
placed a buy stop at 11.76.
10:26:00 (from TradersWire)
Follow up on GLW (Pt 2)
It has hit our target. Sell the rest, or adjust your stop.
T.Kamada
If you have questions, feel free to
mail them to me.