as mentioned below, i am culling out the trade ideas as many of trades that remain there should have been removed already (targets hit, stopped out, etc..) DEXO was a very successful long in early 2012 and posted again as a possible long for aggressive traders back on march 22nd when it re-tested this downtrend line. the trade did hit T1 (literally a few pennies shy but i always encourage taking profits before the target(s) to avoid missing a fill) for a quick 17% gain but then slowly drifted lower and the most logical stop would have been below the entry [...]
DEXO starting to move up nice and already past 1/2 way to T1 so i've added some additional targets to the updated (2nd) chart below. as i said, this one has the potential to go much higher although i'd like to see some volume start coming into the stock before i add to my position. consider raising stops to entry to assure at least a b/e on the trade if it suddenly reverses.
for any gunslingers out there. this little sucker is volatile so beta-adjust your position size accordingly. a long here with a stop below yesterday's lows or the trendline (probably best to stop below yesterday's lows) could produce a quick trade if DEXO gets a reaction of the re-test of this previous broken, well-defined downtrend line. i'd have more confidence in the trade if the intraday charts looked more bullish but i still think it could be worth a shot as a hit of T1 would be close to a 20% gain. however, if we do get that type of reaction, this [...]
DEXO triggered a false-spike on wednesday so i deleted the alert and re-set it. it triggered shortly after the open today but i decided to pass on it since i wasn't trading actively today. i have probably over 40 nice set-ups that i found earlier this week, both long and short. [/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]