This Is Why You Should Consider A Second Entry
Gtech Holdings (GTK)
looked ready to break out of a flag as you can see on the daily chart
below. Naturally we are looking for a resumption of the uptrend.
10:31:27 (from TradersWire)
|
Action |
Symbol |
Order Type |
Setup |
Stop |
 Target |
Current Price |
Posted By |
|
Buy |
GTK | buy stop at 28.46 | Pullback |
28.31 | 28.60 | 28.40 |
TK |
The stock gapped up. Look at the second and third
bars immediately after the opening bell. GTK formed two consecutive hammers just
above the gap zone. That was a buy signal, but I missed it.
The stock gave me another buying opportunity shortly after 10:30. GTK pulled
back to the gap zone again, and this level successfully held up. Notice the
stochastic was moving out of the oversold level, too.
11:27:15
Follow up on GTK (Pt 2)
It has hit our target. Sell the remaining shares, or adjust your stops.
If you have questions, feel free to
mail them to me.
Â