Wednesday, August 10, 2011

Trade Idea VICL (Long)

VICL is a trade that we were in 3x, the first time was March 9th and made 103%, there was a May 9th trade that gained 22% and a 5/27 trade that made up to 33%.

Right now it seems to be putting in a short term bottom and looks like a potential swing trade.

 Daily chart

 Potential intraday base

 3C 15 min

 3C 10 min

It would be bullish to see a breakout above the 50 sma on a 30 min hart, around $3.91, but I like the risk reward scenario here, with a potential stop around $3.61, there's about $.10 risk and a swing target of about $4.25, a nearly 6:1 risk/reward ratio.



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