Obviously with the Dollar bounce, obviously EUO having a good
day! It held support yesterday on the pullback. Gaps up over
22. We had a stop below the broken downtrend line which held,
but now you can move them up.
yeah I wouldn't chase it here on this gap, you needed to own EUO
ahead of today, but looks like you did, so good job! Just
move your stops up now on your existing position.
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EUO and Dollar
Posted by matt on 11th of Aug 2010 at 09:34 am
Obviously with the Dollar bounce, obviously EUO having a good day! It held support yesterday on the pullback. Gaps up over 22. We had a stop below the broken downtrend line which held, but now you can move them up.
target
Posted by rkelman on 11th of Aug 2010 at 10:39 am
where would your first target be
EUO: thanks
Posted by dallassteve on 11th of Aug 2010 at 09:37 am
Its probably a little late to chase EUO, what do you think?
I bought some over the last two days, so I'm not planning to add at this point.
Please keep us posted on your strategy: it won't take much to get to the 200 MA now.
yeah I wouldn't chase it
Posted by matt on 11th of Aug 2010 at 09:39 am
yeah I wouldn't chase it here on this gap, you needed to own EUO ahead of today, but looks like you did, so good job! Just move your stops up now on your existing position.