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
Selling half for 25 cents. Move stop to breakeven.
T.Kamada
If you have questions, feel free to
mail them to me.