This Is One Shape You Can Use In Your Trading
I forgot who told me
this strategy. It utilizes a shape looks like the letter L.
11:32:37 (From TradersWire)
|
Action |
Symbol |
Order Type |
Setup |
Stop |
 Target |
Current Price |
Posted By |
|
Sell |
IDCC | sell stop at 16.49 | testing 16.50 | 16.64 | 16.30 | 16.52 |
TK |
InterDigital Communications’ (IDCC)
fourth quarter earnings did not meet the Reuters consensus, and the stock gapped
down at the open. As you can see below, IDCC provided a nice short opportunity
when it broke down below a bear flag shortly before 10:30. The next opportunity
came when it slipped below the L shape. Although the stock missed our target by
1 cent, it was a nice quick profit nonetheless.
T.Kamada
If you have questions, feel free to
mail them to me.
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