Monday, January 24, 2011

ADDING KO TO THE TRADE LIST

 KO 1 DAY 3C LEADING NEGATIVE DIVERGENCE

 30 min 3C multiple negative divergences

 A bear flag, this may see a run to break up the obvious pattern by the black box traders, that's why there will be 2 stops. Ultimately though, the flag should fail.

The first stop which is tighter and held the previous uptrend very well is $63.88, the wider stop that I'd personally use is at $64.50.

I think there's a chance of a small bounce. You could scale into the position or just add it here-I prefer to scale into it.

No comments: