NOAH trade idea

    Posted by matt on 17th of Jun 2014 at 02:30 pm

    NOAH - Chart Link - mentioned by Steve, finding support at the 9 EMA, sort of a saucer bottom, lower risk play

    NOAH asking

    Posted by bravestar on 17th of Jun 2014 at 03:58 pm

    I see 14.52 is a fill the gap from August 2013. and todays price is over half yesterday's candle, so the entry trigger is around 14.55, is that right?  I did not take the trade as of yet. 

    bravestar - many ways to

    Posted by matt on 17th of Jun 2014 at 04:24 pm

    bravestar - many ways to skin the cat; one could buy a starter position now with a stop in place somewhere below the 9 EMA, then add on a break out above resistance on good volume over 14.82 - 85. Or wait for a breakout to occur on volume.  There's also short term resistance at 14.7.

    This is what makes a market, many combinations to do a trade

    thanks matt

    Posted by bravestar on 17th of Jun 2014 at 04:26 pm

    thanks

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!