Wednesday, June 12, 2013

Current position: $XRM

$XRM has carved out an almost perfect cup-with-handle base. When I see patterns like these especially at or near the end of a correction I get very excited because the upside potential is anywhere from 40% - 100% in only a few weeks as the stock runs up along side the overall market! I've already started a position in anticipation of the $10.00 break where I will be looking to add even more shares for the ride higher!

No comments:

Post a Comment

MY DAY TRADING RULES

I will ONLY put stocks BREAKING OUT OF DAILY CONSOLIDATIONS TO NEW HIGHS OR NEW LOWS ON HIGH RELATIVE VOLUME from my DAY TRADING SCAN into m...