July 23rd 2007
Swing Trade - Long WNG Entry: 85.50 Stop: 80.50 Target: 100.00
Tonight's trade comes courtesy of WNG:
If I had to pick a problem with this formation it would be the timing. We're in the end stages of a bull market. I am hesitant to establish new long trades, so I'm treating this as a short term swing trade.
I like the fact that it is the first pause after a long consolidation for the stock. We'll see what the stock can do over 85.50/86.00.
If I had to pick a problem with this formation it would be the timing. We're in the end stages of a bull market. I am hesitant to establish new long trades, so I'm treating this as a short term swing trade.
I like the fact that it is the first pause after a long consolidation for the stock. We'll see what the stock can do over 85.50/86.00.
If you like this post, then consider subscribing to my full feed RSS feed. You can also Subscribe to A Trade A Day by Email and have new posts sent directly to your inbox.
No Comments yet »
