The FFIV setup finally triggered. When yesterday's resistance held as support, I decided to go long. My entry was $49.50 and I booked 50% of my profit at $50.70. I'm trailing a stop just below the 10 period ema on the five minute view.
Long BOOM on this morning's gap fill at $32.00. I sold 50% of the position after a 1 pt. gain and I may get stopped out on the rest at $32.50.
Charts later.
2 comments:
50.12 to 50.60 on FFIV, thanks Jamie! Too bad I did not have more BP at the time. 96 bucks I'll take it.
Glenn
Good one Glenn. Keep it on your day trading watch list. I think its going to $52-52.50 short-term.
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