Wednesday, January 9, 2008

target_example


Bot @ ~21.4 at ~10:20am on the breakout of the one bar consolidation. Held through the three bar surge. This one has limited upside potential since the gap up of 0.3 suggests a target at ~21.6. Exited at ~21.74 on the consolidation after running to 21.8. Reasonable profit.











RVBD gapped up then traded loose and wild. Entered at 35.3 and was shaked out. Should have held longer since 35.2 is the new high area. The gap up from 33.5 to 34.7 suggests an upside target of 35.9, which was reached at 11am.FYI:我用measured move. 股票的涨跌经常是对称的。在intraday chart 和daily chart 都是如此。如果gap up $1, 那么intraday 在又涨了$1的地方通常会是阻力。会不会成为当日高点要看是怎样涨的,volume等等。rvbd gapped up 1.2, then open (34.7)+1.2 = 35.9.This is just a rough measure, it can go just below or above it, but it is usually reached in momentum situations. IPO gapped up to new high is a mommentum situation.

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