Tuesday 3 March 2009

Trades 03/Mar/2009

Watchlist:
ACM,AET,AGU,AZO,BHI,BHP,BKC,BP,CAG,CAT,CCL,DE,VRSN
FSLR,GENZ,GG,HD,MET,MRO,PSA,RIG,SNE,SOHU,UN,VLO

Couldn't find much to trade today, so only one to blog about.

ACM (gap down)

Fall thru OR on 6th. Sideways pullback with NR7 with OR low acting as resistance. Short on the 8th hanging man type NR7. Closed partial as we got past 1R but encountering support at $20. Then closed rest at 1R after hammer 18th and $20 level holding.

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