I had a similar trade for TNE on last Thursday. Last Friday TNE gapped up huge then faded. I did not take profit quickly early morning and ended up a losing trade.
Tuesday, February 28, 2012
Some charts watched for reflection
AMED is a broken down stock. The momentum surged yesterday for a clean breakout. Today morning it gapped up to the highest of day, then dropped hard. People will definitely take profit when stocks gapped up huge without any news driven. This kind of trades can be taken for a quick overnight profit.
I had a similar trade for TNE on last Thursday. Last Friday TNE gapped up huge then faded. I did not take profit quickly early morning and ended up a losing trade.
I had a similar trade for TNE on last Thursday. Last Friday TNE gapped up huge then faded. I did not take profit quickly early morning and ended up a losing trade.
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