Monday, May 2, 2011

VICL Up Over 70%

VICL was a trade alert from March 9th

This has been a solid trending trade, but it's time to really keep an eye on it.

 Here's when the trade started on a breakout of a nice lateral base.

 The trend channel has held the trade, including consolidations, so anyone in the trade should have a 70+% return in VICL right now.

 For traders looking for a tight stop, the 10 or 22 bar m.a. on a 60 min chart would be my choice.

While you could also use the Trend Channel, it would be a deeper stop and the recent consolidation was only 3 days compared to previous consolidation of a couple of weeks. It would seem to me that VICL will be approaching a decent pullback in the not to distant future. Email me with any specific questions at BT46n2 at gmail.com

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