consider taking profits or at least moving up stops. about a 35% gainer from entry and although we did get some consolidation between T1 and T2 to help alleviate some of the shorter-term overbought conditions, i do not plan to add any further upside targets to this trade and will be moving it over to the completed trades section. charts in order as posted, including today's updated chart.
just a quick update on some of the recently posted trades ideas. i will update some of the charts later this evening but you can enter any symbol below into the search bar towards the upper right-side of the page to view the most recent post with charts/notes on the trade or set-up listed below: [...]
T1 hit and exceeded today. added a 2nd target and some notes on chart if anyone took it. categorizing this as both an active trade, since this chart still looks good for a longer-term investor... and as a complete trade, since a shorter-term trader might want to book full or partial profits here.
Posted by: rp on the 9th of Jan 2012 at 12:27 pm with it being such a slow day in the market, i'm combing thru all my recent alerts and here's one of the many set-ups that i never posted, nor took because the volume was lacking on the day it broke-out. however, price-wise, the action has been bullish, with CTFO making a perfect re-test of this primary downtrend line shortly after breaking out and then continuing to move higher. lots potential gains before my first target is hit but again, make sure to use stops if you take it since [...]