Thursday, May 26, 2011

VICL Long

VICL has made some money for us, close to 100% depending on when you got in and out, but it was in need of a pullback, which has happened and now VICL looks to be preparing for another leg up. In the current position, I'd call it a high probability, low risk trade.

 A little deeper then normal pullback, but VICL had a very parabolic move toward the end.

 15 min pos. divergence

 10 min positive divergence

5 min positive divergence

This is the type of confirmation I like to see.

I personally would use a stop below yesterday's lows around $3.67

No comments: