SembMar - Swing Trade Setup
[ End Of Day Update ]
The entry at $5.88 was triggered. Prices rallied to $5.92 but closed below the trigger price at $5.85. If you have taken the trade, you should remain to be in the trade since no stop loss was triggered.
[ Intra-day Update - 9;30am ]
SembMar is up 2 cents despite the index is down 11 points. Yesterday closing was a doji at star position touching the 20 SMA. CCI was < -100 in oversold zone. There is a Swing Trade Setup pending for trigger. The trigger is at $5.88. Target being the last significant high. The setup will be invalidated if prices break below yesterday's low.
Labels: Stock Pick
posted by Market Wizards @ April 14, 2011
Comments: 0
