Wednesday, February 20, 2008

Two Trades

I had DVN on my watch-list being that it's doing the all-time high thing. So, here's the trade.
This next trade, FSLR, had a sizable falling window open that turned out looking primed for a gap-fill when it stopped chopping around. I almost got stopped out on the test of support (something like $0.03 away) and after the big move following that test I bumped the stop up for a free trade. In hindsight I should have added to my position after it came back into the 20MA (HolyGrail set-up) at around 2:30p.m. The daily chart for FSLR looks to be setting up a bullish flag formation so keep an eye on it.

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