Monday, May 23, 2011

VICL Follow Up

VICL was also a May 9th trade idea that went on to gain 22% before pulling back. There was also an earlier trade from March 9th, in which it went on to gain 103%, currently around 73% on the pullback.

VICL was in need of a deeper correction so the blue 22 day moving average seems like a reasonable area to take a look at VICL for a potential next leg up.

VICL still looks good on the long screen, we just want to see some accumulation on the pullback. 1 min charts are starting, but I'd like to see that reach the 15 min charts before deciding to pull the trigger again.

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