SPC 30 minutes Chart
The 30 minutes intra-day chart shows SPC closed with a doji star (circled). Depending on the market sentiment tomorrow, there is a chance where SPC may reclaim the loss ground. So it is not so devastating (yet). The market was simply too choppy today! The resistance at $2.85 was too strong to break too!
Anyway, this trade is "in anticipation" of a breakout. The breakout may not happen. In any case, RMO and another MetaStock trading system maintained "buy" (and this will not change by a few ticks up or down) so I thought even if the breakout did not take place, the uptrend is still intact.
Anyway, this trade is "in anticipation" of a breakout. The breakout may not happen. In any case, RMO and another MetaStock trading system maintained "buy" (and this will not change by a few ticks up or down) so I thought even if the breakout did not take place, the uptrend is still intact.
Labels: Stock Pick
posted by Market Wizards @ April 01, 2009
Comments: 0
