Sunday, October 4, 2009

Buy on Support

Dow jones is being supported by MA 50 days. We should anticipate bounce for the stock market. Calculate the risk and set stop loss.
I will share some candidates for "buy on support" strategy.

MGM-Support by MA 50 days


STLD- Doji candle, outside bollinger band,stochastic oversold-ready for golden cross, ,support with fibo 38,6%.


Some others stock being supported by MA 50 days = NLY,LVS,MU

Plan your trade and trade your plan.

Best regards

Snip

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