Wednesday, August 17, 2011

HOV Trade Management

If you haven't already taken profits, partial or full, in HOV, I would consider doing dso now, we can always find another entry on a pullback.

HOV was a long trade from 8/15  in that short time, it's up nearly 19%!

These are the charts that have me thinking, "Time to take profits"...
This is the entry


 1 min negative


 5 min negative

10 min negative

HOV looks ready for a correction and after that move, I believe it, however, I do think there will be another buying opportunity, but to leave nearly 20% gains on the table for 2-days work doesn't seem reasonable to me.

No comments: