News Focus
News Focus
Replies to #30116 on lowtrade
icon url

lowtrade

04/01/12 10:58 PM

#30118 RE: Silversurfer1 #30116

PPP chart

Plan the trade.

Swing trade portion of trade.
Small position at reisistance break same "O"/down trend line, ($3.00) second larger at mid pattern reisitance break. ($3.60) Swing trade target $4.20 gap fill/ pattern target.

Position trade portion of trade.
Bank profits and re-enter with original cash amount in continuation after $4.60 top resistance break. Which should be clean sailing up, because next resistance levels at $5, $6.50, and $7.75, were on very small investor volumes. (sentiment/following) And offer little strength to continuation.

Next resistance levels
http://stockcharts.com/h-sc/ui?s=PPP&p=D&yr=2&mn=0&dy=0&id=p30219358607

Trade end = end of Q2 or ant point I see possible end of climb.