Long @INTC at 21.58

4/2/2013          Long    INTC               at         21.58               SL 20.8                       PT 22.5            RR  1.2

 

Weekly:           86% double bottom, still below double bottom entry point, cautious!

Daily:              Perfect ABC Long pattern, Entry at 21.04 … impulse turn red, cautious!

Pattern Fail:     Pattern fail when break weekly 8EMA rule, or daily MA50 rule, or one more indicator turn red

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

 

Review:          

-          Poor entry at day high

-          Like the ABC pattern but Don’t like the weak performance in market up day … might tighten StopLoss tomorrow and wait for stronger signal.