Selasa, 26 Mei 2009

Bullish Flag - SOHU; C&H - CNQ

Several analyst upgrades to BUY from the watchlist - AAPL, BUCY, JOYG and SOHU was initiated as a buy at Citi. The others moved too fast, but SOHU paused to form a flag, so I jumped in on the flag BO. At the EOD these four stocks were the biggest % gainers on my WL.

CNQ gapped wide and filled. It eventually paused at resistance from Friday's high and formed a handle to complete the C&H setup. I exited as price approached 50% FE and resistance from last Wednesday.

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