Saturday, July 7, 2007

070607 - BOT - 10mins - Observation




  • Here's another setup that I was monitoring this morning but missed the entry
  • (BOT) gapped up this morning and retraced a bit back to the 80% Fib., but later got pushed back, forming almost a Hammer-type bar
  • As soon as the prices met the rising 5eMA, it was supported nicely
  • It was 10:40 that I last look at (BOT), and I had to step away for a quick meeting
  • When I came back to my desk, the prices was almost at 119% Fib.!
  • I continued to monitor the stock throughout the day, and I only wish that I had enter this trade, rather than the (IBKR) trade
  • Did any of my Readers catch this one?

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