Thursday, August 11, 2011

LDK Long Trade Follow Up

Yesterday, Wednesday 8/10 I featured the LDK long trade

In that post, I mentioned LDK looks to be a good trade on a pullback to 10-bar moving average on a 30 min chart.

Yesterday I posted a follow up as that target was met @ $5.86

Take a look at LDK today...
LDK is up 10.68% on the day and over 6% from our entry point.

 Longer term, there's good confirmation.


Short term LDK looks ready for an intraday pullback. I would take most or all of my profits and look for another entry somewhere around the $6.00 area.

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