Tuesday, November 2, 2010

Gap and Go - RAX

Daily Chart

5 minute chart

1 minute chart

(Double Click Picture for a Larger View)
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Stock:RAX
Entry Bar:2
Time Frame: 5 minute chart

Entry Green Line
: 26.19
Stop Red Line: 25.84
Result
: 1.00 to 1.50
Setup Grade
: A-
Notes
: Nice Daily Chart...and consolidation on 1 minute chart...stock was popping up on the premarket gappers. You dont get many of these huge runners but when you do they pay off.

* The setup grade is based on rules outlined in my business plan & not for the end result. Feel free to post any trades you made today that you would like commented on.

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