Thursday, November 18, 2010

Recent Bounce Trades

It looks like both the 1 and 5 min charts on the LVLT pullback are showing leading positive divergences. Furthermore the pullback today puts price closer to the 10-day moving average where the tade has a better looking risk:reward potential.





Tuesday nights bounce idea, NYNY has added another 30% today. If you want to discuss exit strategies, just email me. Volume has been high today as well which is very bullish as a confirmation day.



Another bounce idea from Tueday night was JADA, the 10 min 3C chart below shows a continued leading positive divergence with a small gain today.



DIG was another bounce idea from Tuesday night, it's up over 5%. the short term 3C looks a little shakey, but the 10-15 min are in line with the tend. I would keep a tight stop on this one as I'm not sure how much upside to expect here.

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