This Is Why You Need To Watch Intraday Highs
It appears buyers have
used up their gas in the first 10 minutes. The S & P 500 Index
gapped up at the open and formed a wide range bullish bar. It looked good, but
no follow-through.
10:58:39
|
Action |
Symbol |
Order Type |
Setup |
Stop |
 Trget |
Current Price |
Posted By |
|
short |
CTSH |
sell stop at 37.44 |
near resistance  |
37.59 | 37.20 | 37.51 |
TK |
I’m sure some of you took a 1-2-3
bottom buy signal earlier in the morning. As you can see below, the issue
struggled to take out its intraday high and formed a resistance line. We placed
a sell stop just below a trading range.
11:14:40
Follow up on CTSH (Pt 2)
The issue has hit our target. Cover the remaining positions, or move stop to
37.34.
If you have questions, feel free to mail them to me.
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