Monday, April 28, 2008

TEX - Terex - Base & Break / Target Trade; MOS - Mosaic - Bear Flag

TEX was a HCPG Watchlist pick from last night's newsletter. I saw it gap up and be on pace to post better than average volume for the session. I entered on what could be considered a base & break / target trade setup and exited @ the target of 73.



MOS gapped down with the rest of the Ag sector and printed a bearish flag. I entered on the breakdown of the flag and had a target of ~$123 in mind as 123 was yesterdays low and a decent support level on the daily chart.

0 comments:

Newer Post Older Post Home