Long @BEAM at 63.25

4/1/2013          Long    @BEAM                        at         63.25               SL 62              PT 64.7            RR  1.2

 

Weekly:           Uptrend, all indicators approved, obey 8 EMA trend

Daily:              4+ months of consolidation, all indicators approved

Pattern:            Pattern fail when weekly 8EMA close broken or daily close below 200MA

StopLoss :       1^st tight SL at 62.54,   2^nd SL at 62

Profit Target:  1^st PT at 64.7,  2^nd at 66

Size:                1^st batch small position, wait for breakout

 

Action:            Wait for either breakout or SL/PT, no plan for size change