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| chart by www.bigharts.marketwatch.com |
I am putting my stop tighter on this one as I consider this as a very speculative trade. I am trading solely on the price action; a tightening range and drying volume looks good to me.
Let's see how this one will go after a few days. If there's anything that will cause me any concern about this stock, I'll get out as fast as I can.
The index is looking great at above 8300 as of today. Let's see if it will confirm its breakout next week.
Portfolio:
$WLCON
$PRMX
$PGOLD
$WPI
$MEG (my sister's stock)
Cheers.
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