Tuesday, May 3, 2011

VICL Long Trade Update

This one has done well for us, but yesterday I warned it may be approaching a solid pullback or even a reversal. I put up some stops for different traders, here's the link

As for today, depending on your risk appetite, it may be time to stop out.

 The 10/22 moving averages on a 60 min chart have been broken, this was a tight stop.

The trend channel stop will allow for a decent pullback, but many of you probably have near a 70% profit here....

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