Monday, August 25, 2008

Watch List Target Trade - Apple Inc. (Public, NASDAQ:AAPL)

AAPL was a target trade to $172.00 which I pointed out last week as a significant pivot point. I took a partial at support and closed the second half before the target was reached. The target was eventually reached and I'll be watching for the next test of $172.00 as a potential breakdown.

FWLT was a trend line breach. Ran into trouble but managed to get back in.

No pre-market post tomorrow.

3 comments:

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Day Tradr said...

Jamie,

1. On what type of stocks do you put your trendlines and like to enter on it's breach?

2. In the FWLT example, did you draw trendlines from 8/19-8/22?

Glad to see how you can consistently enter good trades each and everyday. Simply superb!

Jamie said...

Hey day tradr,

1. trending stocks like RIMM, CNQ, FWLT when it makes a move. Most stocks trade to market so we have a lot of stocks that are range bound with no trendline.

2. correct

This week has been tough finding good setups.