What you’ll learn from this SNDK trade
I pointed out SanDisk as a short in my
last article as the daily formed inverse pup breakdowns along with mini
inverse pups. Our members took shorts on Friday at 64.35 on this premise.
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PowerRating) leaned this afternoon to pare out
some of the Friday shorts at 62.35, out + 2 with an even trail stop on the rest
for a daily 50 period ma break into 60.50 the monthly 5 period ma.
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AAPL |
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PowerRating) also formed the same daily inverse
pup trigger. We didn’t take the short overnight on this one but played the short
side on multiple entries intraday on this one as the sell fades were relentless.
The NQ’s are in the daily inverse pup breakdown.
The daily lower Bollinger band at 1651 is still the initial target.
Good trading gang!
Jea Yu
Jea
Yu has been involved with the equities markets for over 10-years. He specializes
with intraday trading in the U.S. equities and futures markets. To receive a
free 7 day trial to Jea Yu’s Underground Trading Pit,
click here or call 888.484.8220, ext. 1.