Saturday, April 28, 2012

5/5/2012 $ELN chart and setup

5/5/2012 - no entry since last weeks setup, am going to still use the same level for this week and give up the first part of an up move instead of knife catching, want to see a break back above the 50day first , then move above last weeks high on above average volume before entering. being patient

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4/28 - if you are trading this name, next buy point would be breaking the high from 2days ago. use a stop right below fridays low, or below the 50 day moving average or maybe 50 / 75 cents depending on your risk tolerance.

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