If you miss the big move, sometimes you get lucky with a NR consolidation and a nudge from the 5 period ema. Exit after 3 WRBs.MarketClub Education Page Click Here
If you miss the big move, sometimes you get lucky with a NR consolidation and a nudge from the 5 period ema. Exit after 3 WRBs.
4 comments:
I was watching FWLT also (one of my basket stocks). It's one thing to see these setups on your blog and another to trade them realtime, but I'm at least starting to recognize them realtime as they unfold.
Rick,
There were quite a few setups that passed me by today, but I was lucky to be able to catch a few after they paused to consolidate. When we get a NR consolidation and the 5 ema comes into play, it can set up a nice second leg.
Better too many setups than not enough I guess. SIGM moved big in the afternoon after staying flat while the market rallied. Playing the break of the ORL would have been nice, but that was a quick mover.
Was watching SIGM as well. Could not get a correct read as it was a little choppy so I stayed out. $29.75 is a long term pivot point. I'll be watching tomorrow for a reversal. The big volume over last few sessions looks like capitulation.
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