I would probably look for a breakdown here in this stock given
that price may have formed a double top and MACD is firmly pointing
down and stochastics has turned down. Guess a break of support and
stochastics falling below 80 would be a good short trigger.....with
volume of course
On the flip side, if it breaks the upper channel then it could
form a divergent high
If you buy a +1, -2,, +1
(26,28,30) Feb 11 call butterfly for 30
cents... you have an interesting risk
profile.... If it breaks long.. you
can go long the stock and have a nice trade long.. If the
stock breaks short.... go short the stock and you have
some protection from the butterly... just a thought.
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BEXP
Posted by vimal on 8th of Jan 2011 at 09:26 am
I would probably look for a breakdown here in this stock given that price may have formed a double top and MACD is firmly pointing down and stochastics has turned down. Guess a break of support and stochastics falling below 80 would be a good short trigger.....with volume of course
On the flip side, if it breaks the upper channel then it could form a divergent high
Interesting trade idea
Posted by zach06 on 9th of Jan 2011 at 09:07 am
If you buy a +1, -2,, +1 (26,28,30) Feb 11 call butterfly for 30 cents... you have an interesting risk profile.... If it breaks long.. you can go long the stock and have a nice trade long.. If the stock breaks short.... go short the stock and you have some protection from the butterly... just a thought.