This Is Why You Should Observe Stocks For 15 Minutes

Currently, the Nasdaq
Composite Index is struggling  to take out
the 50% retracement
level on its daily chart. Notice the 50-day MA is running just above this level,
too.

09:51:36 (From TradersWire)


Action

Symbol

Order Type

Setup

Stop

 Target

Current Price

Posted By

Buy

RIMM

buy stop at 76.01 trying to take out
intraday high
75.65 76.55 75.88

TK

After forming a double bottom on its
5-minute chart, Research In Motion (RIMM) gapped up above all four moving
averages at the open. In stead of selling off immediately, the issue
consolidated for 20 minutes. We decided to place a buy stop just above the
intraday high.

09:55:06


Follow up on RIMM

Selling half for 25 cents. Move stop to breakeven.

T.Kamada

If you have questions, feel free to
mail
them to me.