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S&P 500
5,267.84
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-0.74%
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US TECH 100
18,136.80
(
-0.50%
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39,065.26
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Post# of 47295
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boogaloo

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boogaloo

Re: conestoga_days post# 19035

Thursday, 11/04/2010 12:41:07 PM

Thursday, November 04, 2010 12:41:07 PM

Post# of 47295
conestoga, STLD: Target = breakout price + (breakout price - formation low candle body)

14.91 + (14.91 - 13.34) = 16.48 which is only 10.5% gain.

Looks like there's resistance just prior to 16, so I'd probably take half off there. But that's just me.

All Posts Are Just My Opinion

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