IG Trade on Jul 23, 2014 10:27 from firesky_BOWS: Tradervue User Stock Trades.

LONG SWING POSITION:
I see an ascending triangle on the weekly. Buying near trend support line (5.34). I've placed my stop just under the previous low support (5.21). First target is the trendline resistance around 6.00. This gives me a 5.1 R/R.

7/25/2014: The price fell through the trendline support of the last month to a longer trendline support going back to November. It broke below on above-average selling volume but I'll keep an eye on it for a possible future long position.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-07-23 10:27:00	IG	buy	$5.340	long
2014-07-25 09:41:00	IG	sell	$5.210	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=IG&trade=1172410&end=20140823&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=IG&trade=1172410&end=20140725160000&i=m60&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-07-24 15:48:01

This one is right on top of the 50sma with decent buying volume, so I do not think its going to give you much movement to the downside. Just IMO.

IG Trade on Jul 23, 2014 10:27 from firesky_BOWS: Tradervue User Stock Trades.

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