When yesterday's resistance held as support early this morning, I decided to go long FFIV. I took a 50% profit after 1.2 points and I was stopped out on the balance of the position. With each spike in volume, I got long again but the rest of the day was a roller coaster. We closed at the June 2nd resistance high and I'm sure that FFIV will be on the watch list again next week.
Friday, June 23, 2006
Trade of the Day - FFIV
When yesterday's resistance held as support early this morning, I decided to go long FFIV. I took a 50% profit after 1.2 points and I was stopped out on the balance of the position. With each spike in volume, I got long again but the rest of the day was a roller coaster. We closed at the June 2nd resistance high and I'm sure that FFIV will be on the watch list again next week.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment