Friday, November 08, 2013

TRADE IDEA FOR FRIDAY, NOVEMBER 8, 2013

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CAB - short trade
Idea is daily triangle break down continuation and run to monthly CCI support (20sma) and target area. For stop I use 20sma 60 min and for sure today I like to see good selling pace if will be setup because that will be selling confirmation. In other case odds for false break down will increase and because of that I don’t want to have bigger stop then 60 min 20sma.
Trading plan:
Entry:  $58.15
Stop:     $59.10
Target area:  $55 – monthly 20sma area
Type:  swing trade




TRADE IDEA FOR TUESDAY, NOVEMBER 5, 2013
UA - short trade
UA need to break under 20sma daily and that will be entry for me. Yesterday we saw nice intraday selling and after that bounce sop I hope that bounce was false action and weekly CCI divergence selling action could start. First support will be daily 50sma what will be also 1st target area, what will depends on selling pace.
Trading plan:
Entry:  $79.85
Stop:     $80.88
Target area:  $79 - open area  
Type:  Swing trade




TRADE IDEA FOR MONDAY, NOVEMBER 4, 2013
GCI - long trade
GCI form weekly continuation pattern what result with daily triangle. We can clear see that on the 60 min time frame chart. GCI need to bounce from daily 10sma support area and bigger time frame charts suggest that GCI have room for run to $30 area.
Trading plan:
Entry:  $28.20
Stop:     $27.70
Target area:  $30 area
Type:  swing trade



1 Comment:

Federico said...

It is a good idea to short the stock UA. I think that it can go down until the end of November. There, there will be the end of this intermediate cycle. Sincerely, Fredrick - http://www.mystocktobuy.com/

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