This Is Why You Should Pay Attention To The Long-Term Trend
Boston Scientific (BSX)
opened strongly on the FDA approval news. The stock has taken out the
20-day EMA easily, and it is approaching a declining trendline. Volume is heavy.
11:10:39 (from TradersWire)
|
Action |
Symbol |
Order Type |
Setup |
Stop |
 Target |
Current Price |
Posted By |
|
Buy |
TIF | buy stop at 33.91 | challenging intraday resistance level |
33.76 | 34.25 | 33.86 |
TK |
Let’s look at the daily chart of Tiffany and
Co (TIF) as of yesterday’s close. The stock bounced off its support level,
and it looked ready to resume its uptrend.
Now, I would like you to see the 5-minute chart of TIF from this morning’s
session. It began to form a narrow trading range shortly after 10:30 AM above
its rising 20-period EMA. I placed a buy stop at 33.91.
11:37:12 (from TradersWire)
Follow up on TIF (Pt 2)
Sell half to take a 15-cent gain. Keep stop at breakeven.
T.Kamada
If you have questions, feel free to
mail them to me.
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