Long CLZR just above the pre-market high. Stock peeked during the 10:00 - 10:10 reversal time. Position sold during the lunch hour doldrums to lock in gains as it appeared that CLZR couldn't take out its morning highs. The intent was to get back in for a late day rally but that opportunity never presented itself. It could be a trading candidate for tomorrow if it bounces from a Fibonacci retracement level (partial retracement of yesterday's low to today's high).
Wednesday, February 01, 2006
Trade of the Day - CLZR
Long CLZR just above the pre-market high. Stock peeked during the 10:00 - 10:10 reversal time. Position sold during the lunch hour doldrums to lock in gains as it appeared that CLZR couldn't take out its morning highs. The intent was to get back in for a late day rally but that opportunity never presented itself. It could be a trading candidate for tomorrow if it bounces from a Fibonacci retracement level (partial retracement of yesterday's low to today's high).
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