SIGM gapped up on the open and based sideways on R1 for two hours before extending. B&B and exit before the FED. SIGM didn't immediately pop after the FED announcement but it did hold support at the base of R2 so I had time to take another entry for a nice post Fed extension. SIGM is trading at all time highs - my favorite type of gapper - blue sky.Tuesday, September 18, 2007
Dummy Gapper Trade of the Day - Sigma Designs, Inc. (Public NASDAQ: SIGM)
SIGM gapped up on the open and based sideways on R1 for two hours before extending. B&B and exit before the FED. SIGM didn't immediately pop after the FED announcement but it did hold support at the base of R2 so I had time to take another entry for a nice post Fed extension. SIGM is trading at all time highs - my favorite type of gapper - blue sky.
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2 comments:
Did you view and enter using 5 min?
Jerry,
I did look at 5 min., but I planned and managed the trade on 15 min.
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