Monday, April 12, 2010

OSK – Long Term Trade - Setup

OSK - 2010-04-12 090015 - 4y4m - 1m
  • The above chart is the Monthly Candle Stick of OSK
  • I drew a Fib. using the All-Time High from mid-2007, and the Low from late-2008
  • Prices are consolidating between the 50% and 61% Fib Level
OSK - 2010-04-12 085914 - 5m - 1d
  • This one above is a Daily Candle Stick of OSK
  • Multi-tops were formed from Dec., Mar., and April.
  • For now, my Entry is 2 cents above the $42 (even number)
  • My Stop is set conservatively at the Low of late February
  • My Target is the All-Time High of $63
  • I expect this trade would last about 12 months.

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