Best of three set-ups
Oct 1st, 2007 by Trader-8
DBA has PB’ed to support with range contraction on lighter volume. long from 29.41. support zone is at 29.29 and 29.08. first target is 29.98. stop loss is at 28.98, but ill move it up when today’s high is taken out.
KFT is a decent defensive play that is forming a little scoop. long from 34.61 – shudda hit it at 34.44, but i was spectating. stop loss is 34.86. target is just under 37 (high vol peak in june).
KSU gapped down & rallied. i missed getting filled at 32.41, although it did PB to that level. KSU brokeout of a 60-minute bull flag. this chart just looks bueno to me. im long on a PB to the 32.45 – 32.50 level level, looking for just under 35.00. stop is at 31.86.
i choose KFT as the best trade set-up, but im also long DBA.
Low volume today – wary!
The purpose of these posts is to learn Stock Trading. Stock Commentary, Stock Trading School and the different Stock Traders who post the different stock trading strategies on this website are not responsible for any trading decisions made by any reader of these posts. The stock traders on this website may make specific stock trading recommendation and refer stock trading brokers, stock trading software, and other stock trading tools, but readers who use such recommendations are doing so at their own stock trading risk.
stopped out on DBA – happens
i added KFT at 34.10. one-way action this morning (all DOWN!) – i placed the stop at 33.84, good R/R here… i give this portion a little more room as i suspect a push under 34 to sweep stops – i doubt they came this far just to leave all those juicy stops just a dime away.
i expected KFT to act pretty well as a kinda defensive play? not working.
stopped out on KFT. had product recall 10/04.