February 21st 2007
Swing Trade - Long ROST Entry: 35.05 Stop: 34.11 Target: 39
Now for something new. I like the little bull flag ROST is forming after a breakout. I’m not sure what pattern the stock broke out from. Maybe you can call it an ascending triangle or a malformed cup and handle. But it doesn’t really matter because the stock is consolidating after a brief but powerful run up.
Volume is tapering off on the downside of the flag. When the stock breaks from it’s bull flag, I want to see volume surge.
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