Rabu, 14 Oktober 2009

Positive Earnings

Based on positive earnings news from companies reporting yesterday and today (INTC, CSX, JPM, ABT, etc.), the market appears to be anticipating more positive earnings going forward. I followed the trend and focused on the top %changers from my core WL. FWLT gapped up, attempted to fill the gap, and then formed a small C&H. The C&H pattern is clearer on a 5min timeframe. I managed the trade and exits - partial at test of previous PP and remainder near EOD - as shown on the 15min chart below.

Tidak ada komentar:

Posting Komentar