Chart of the week
Date: 05/17/2010
Symbol: CML
Company Profile: Compellent Technologies, Inc. develop, market, and service enterprise-class network storage solutions in the United States and internationally.
Sector: Technology
Industry: Data Storage Devices
TRADING PLAN
Entry price: long above: 13.00
Stop price: stop under: 12.50
Target: 14.50-15 area
Chart explanation: In the live trading room we followed CML few days and already took intraday setup as day trade. But on the weekly chart we can see that 3d CCI possibility giving us chance fro swing trade and I’m looking for another setup (room traders can add) above $13.00. Weekly 3d CCI setup is clear and we can see on the 60 min chart nice consolidation what can be used for better risk/reward trade.
If anyone will have any question please feel free to contact me.
Wish you all good trading!!!
Kind regards
Ivica
Date: 05/17/2010
Symbol: CML
Company Profile: Compellent Technologies, Inc. develop, market, and service enterprise-class network storage solutions in the United States and internationally.
Sector: Technology
Industry: Data Storage Devices
TRADING PLAN
Entry price: long above: 13.00
Stop price: stop under: 12.50
Target: 14.50-15 area
Chart explanation: In the live trading room we followed CML few days and already took intraday setup as day trade. But on the weekly chart we can see that 3d CCI possibility giving us chance fro swing trade and I’m looking for another setup (room traders can add) above $13.00. Weekly 3d CCI setup is clear and we can see on the 60 min chart nice consolidation what can be used for better risk/reward trade.
If anyone will have any question please feel free to contact me.
Wish you all good trading!!!
Kind regards
Ivica
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