[INTRA-DAY ACTION]
Watchlist is looking pretty stagnant with the exception of JBLU and MRVL. FOSL might get a rock and roll as I believe there was a 1/4 scale in trigger yesterday.
Was trading briefly last night and bought TNA at $22, sold out at $22.17 after a violent drawdown. Nice bounce off the 50EMA with a reversal candlestick. Sold purely because I wanted to go to bed (it was 1am here at that point) and the stock rallied to $23.50 so I was pretty sick when I saw that this morning.
Anyway I'll be watching CEDC tomorrow, nice rise and it's forming a continuation ascending triangle at the moment. I feel good about this stock and I'll be buying the breakout. The pullback will also be a great trade. This trade is a short term position with a target around $20.50. The breakout price for me is $19.05 with stops at $18.75 with notice to the 20 and 50EMAs on the 15min chart.
In other news the watchlist this week will be a pure what triggered and what didn't, as my vacation is drawing to a close and I've got a lot of college work to get on with too. This also means I probably won't manage a watchlist post on Sunday either. Looking forward to getting back home to more than one monitor and British Summer Time (5 hrs difference instead of 12).
Was trading briefly last night and bought TNA at $22, sold out at $22.17 after a violent drawdown. Nice bounce off the 50EMA with a reversal candlestick. Sold purely because I wanted to go to bed (it was 1am here at that point) and the stock rallied to $23.50 so I was pretty sick when I saw that this morning.
Anyway I'll be watching CEDC tomorrow, nice rise and it's forming a continuation ascending triangle at the moment. I feel good about this stock and I'll be buying the breakout. The pullback will also be a great trade. This trade is a short term position with a target around $20.50. The breakout price for me is $19.05 with stops at $18.75 with notice to the 20 and 50EMAs on the 15min chart.
In other news the watchlist this week will be a pure what triggered and what didn't, as my vacation is drawing to a close and I've got a lot of college work to get on with too. This also means I probably won't manage a watchlist post on Sunday either. Looking forward to getting back home to more than one monitor and British Summer Time (5 hrs difference instead of 12).
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