Sunday, March 1, 2009

Trade of the month

I thought I would put up this chart as I have a small trade in this precious metal company now.

My rationale was based on this company trending up since the end of October, its bounced of the bottom line in the channel four times since then. The trade is hoping to see $5.00. maybe more if it breaks out upwards out of the channel.
The Williams R showing in the chart looked to be very oversold indicating a trade too.
AQP closed at $3.95 Friday I have a stop at $3.40.
Its hard work making any money in this market so if I can profit 30% in this trade it will definitely be my trade of the month.

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