Long. The sellers are getting weak. Overnight shorts might look to cover. Long profit target at second bar's high and stop at previous low. Edit: Not enough reward for the risk. Probably better stay on sideline and let it develop.
i'm thinking the same thing, saw it on monday and forgot about it until today, i'm taking a shot on the 40 calls at .85
http://i7.tinypic.com/29uswgy.gif http://i7.tinypic.com/2mebhjn.gif heres another one, AIG it turns out this is a real piece of crap but i'm hoping it runs to 70.00 before it goes down to 66.00 somebody reiterated today to 82.00 and the others in the group had good earnings we'll see
Short. Looks like a gap n crap day, all those longs are caught. The doji's seem to be just a small reaction to the support at that level, hence a small, if any, bounce before more serious downside for the rest of the day. imo
Before we get too far down the road with other charts, here is the next 10 bars of the chart. Shorties got it right. http://www.ttrader.com/mycharts/display.php?p=41606&u=wareco&a=Wareco's Chart Reading&id=1774
I'm not a swing trader, but as far as AMLN, I'm flat here. I think it wants to consolidate. I need to see it 40 or better before I go long.
You cant pick a better one then that? Its in a huge range. I would have to say buy hand over fist and go for a nice run. It may move a few ticks lower first.