Friday, August 26, 2011

Trade Idea VHC (long)

 VHC is in an obvious bear flag, traders expect it to break down, more then likely, it will break to the upside in a head fake, but one that may be worth following long for a quick trade.

 Here's the hourly chart with good accumulation in the flag.

 The 30 min chart shows the same

 As does the important 15 min chart.

Here's the long term Trend Channel stop, but if you prefer to wait for a breakout of the flag, the stop could be tightened considerably.

No comments: