Senin, 16 Agustus 2010

Day Trades - Amazon.com, Inc. (Public, NASDAQ:AMZN); Research In Motion Limited (USA) (Public, NASDAQ:RIMM)

AMZN successfully tested gap support on the ORL. On the 5 min. timeframe enter long at $124. Scale out as depicted on chart above.

RIMM gapped down and tested support at $52.20 (middle blue line on the daily) on OR. Short on break of ORL. Took a partial and holding half into tomorrow.

I will add to the position if RIMM retraces back towards downsloping 50 MA and reverses.

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