Tuesday, April 29, 2014

TRADE IDEAS FOR TUESDAY, APRIL 29, 2014

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LONG GE
Idea is GE is back to previous high which is resistance and on the monthly and weekly charts we can see that GE has room for higher prices. On the weekly time frame we can see kind of continuation pattern that results from daily consolidation. If GE will continue with upside action then blue lines show equal move resistance area that is around $27.50 and previous high is $28 area. That will be what I will look for possible swing move up.





TRADE IDEAS FOR MONDAY, APRIL 27, 2014
LONG VFC



LONG GY




STOCK TRADING IS EXTREMELY DANGEROUS TO YOUR FINANCIAL HEALTH AND IF YOU TAKE ANY OF THESE TRADE IDEAS, OR EVEN WORSE HAVE NO STOPS IN PLACE, YOU WILL UNDOUBTEDLY LOSE ALL YOUR MONEY. I MAY ALSO HAVE A POSITION IN THE SECURITIES MENTIONED AND I MAY BE PUMPING THEM HOPING TO FIND A SUCKER TO TAKE IT OFF MY HANDS AT HIGHER (OR LOWER) PRICES.
CAUTION IS ADVISED.


[Video] How to Easily Identify High-Confidence Trade Setups

By Elliott Wave International
Elliott Wave International's technical analysis expert, Jeffrey Kennedy, shows you the first step in identifying a high-confidence trade setup in this 4-minute video clip. It's taken from a live lesson he taught on April 9, 2014. Read more.

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