Friday, September 05, 2008

Trade Entry: X

I bought 200 shares of X at $110.92 (trade posted on blog this morning).

The Setup: Oversold Bounce. Extremely oversold stock within bearish downtrend. Stochastics oversold. Price at April support levels.

Risk: Stop placed below support level, around $104. Target in the $120-130 range.

I hope to have the other trade entry setups posted later today.

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