This Is Why You Should Watch The 20-Period EMA
Tech Data (TECD)
reported its fourth quarter earning of 80 cents a share. It was 7
cents better than the Reuters estimates, but TECD issued downside guidance for
its first quarter. The stock gapped down at the open.
10:09:19 (From TradersWire)
|
Action |
Symbol |
Order Type |
Setup |
Stop |
 Target |
Current Price |
Posted By |
|
Buy |
TECD | buy stop at 37.56 | 1,2,3 Bottom |
37.41 | 37.75 | 37.48 |
TK |
As you can see below, the issue formed a 1-2-3
bottom, and successfully reached our target price of 37.75.
10:19:49
Follow up on TECD
It has reached our target. Sell half and adjust stop to breakeven.
Now, one more 1-2-3 bottom trade from this morning.
11:18:00
|
Action |
Symbol |
Order Type |
Setup |
Stop |
 Target |
Current Price |
Posted By |
|
Buy |
APCC | buy stop at 23.86 | 1,2,3 Bottom |
23.71 | 23.97 | 23.80 |
TK |
EMA was a little bit too close to the entry point.
T.Kamada
If you have questions, feel free to
mail them to me.
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