None of my watch list stocks panned out this morning so I ran a gapper scan and kept my eye on a short list of 10 stocks for a low risk entry.
DF presented a low risk opportunity just before lunch. After an hour or so of narrow range trade, it finally took off. Notice how there is no overlap of the real bodies of the candlesticks as it makes its afternoon ascent. As soon as it stalled and started to form the tip of a red candlestick, I took my exit. I was up 98 cents and didn't want to be greedy on a lacklustre Friday afternoon.
CKFR also presented a good trading opportunity this afternoon, on a break from a narrow consolidation range.
None of my watch list stocks panned out this morning so I ran a gapper scan and kept my eye on a short list of 10 stocks for a low risk entry. DF presented a low risk opportunity just before lunch. After an hour or so of narrow range trade, it finally took off. Notice how there is no overlap of the real bodies of the candlesticks as it makes its afternoon ascent. As soon as it stalled and started to form the tip of a red candlestick, I took my exit. I was up 98 cents and didn't want to be greedy on a lacklustre Friday afternoon.
CKFR also presented a good trading opportunity this afternoon, on a break from a narrow consolidation range.
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