I bought 500 shares of AKS at $22.08. As you guys know, I love steel right now. I picked AKS from last night's watchlist after the strong volume break above $22, which has been a minor resistance point over the past few weeks.
Showing posts with label power spike. Show all posts
Showing posts with label power spike. Show all posts
Thursday, February 15, 2007
Today's Trades: RATE and AKS
I bought 500 shares of RATE at $42.53. The stock spiked up over resistance on strong volume and has now pulled back on diminished volume, printing an ideal NR7 entry.
I bought 500 shares of AKS at $22.08. As you guys know, I love steel right now. I picked AKS from last night's watchlist after the strong volume break above $22, which has been a minor resistance point over the past few weeks.
I bought 500 shares of AKS at $22.08. As you guys know, I love steel right now. I picked AKS from last night's watchlist after the strong volume break above $22, which has been a minor resistance point over the past few weeks.
Thursday, February 08, 2007
Breakout Chart: AVP
AVP broke out on heavy volume out of a 3 month consilidation. This is what Alan Farley would call a "power spike". Over the next few days, I'll be watching closely for a good entry point. Being that it's Avon, I'm getting some pressure from my wife to enter this stock. She's already happy that I'm holding NCTY.
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