ABX tested yesterday's high on the OR and held support of rising 20
ema on the second bar. After that it swung back up to the base, setting up a B&B long. I took a partial at R2 (62% Fib extension of the previous day low to the base of today's ORH and yesterday's high) and hoped that it would make an attempt for $50.00 in the afternoon, but it eventually pulled back. The daily is extended, so I suspect it will consolidate now, unless the jobs data tomorrow is really bad.
AAPL carved out a triangle pattern which was breached on weakness in mid-afternoon. Price consolidated the breach on the outer edge of the triangle with all three
MAs converging over head. My target was yesterday's low.
ABX tested yesterday's high on the OR and held support of rising 20 ema on the second bar. After that it swung back up to the base, setting up a B&B long. I took a partial at R2 (62% Fib extension of the previous day low to the base of today's ORH and yesterday's high) and hoped that it would make an attempt for $50.00 in the afternoon, but it eventually pulled back. The daily is extended, so I suspect it will consolidate now, unless the jobs data tomorrow is really bad.
AAPL carved out a triangle pattern which was breached on weakness in mid-afternoon. Price consolidated the breach on the outer edge of the triangle with all three MAs converging over head. My target was yesterday's low.
3 comments:
ABX, 2 in a row. Sweet!
ABX 15 min chart from yesterday and today show a similar pattern formation; so maybe you can do this same trade again tomorrow ;-)
Cheers,
anarco
Thanks Jerry, congrats on your SPN trade!
Anarco, I'll be watching to see how it opens. Congrats on your AKNS trade today!
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