Discussion in 'Trading' started by simpletrade, Jul 31, 2010.

  1. I have 3 picks for monday 8-2.
    LIFE go long at 43.45-stop loss at 42.00
    FAZ go long at 13.80-stop loss at 13.30
    TEVA go long at 49.05-stop loss at 48.45
    Take no trades during first 1/2 hour of trading wait for pullback even if the stock goes thru entry price.
    Chart setup 5min. chart with 5,8,30 sma and 14,3 slow stochastic.
    All 3 of these stocks are oversold especially TEVA with 11 consecutive days closing below the 5 day sma.