Did not close above 2.05 so no play here yet. Chart is not broken so I'll keep an eye on it.
3/11/16 New Play starts here
Opened near 2.03 then went red right away so I got in and out in a couple seconds like I said I would if it went red. This is still a good long play chart but is sitting a major resistance at 2.00 and could take some consolidation to break threw it. If it closes above 2.05 I will look at it for a buy with a target of 2.50 or so and would risk it off of 2.00.
3/10/16 New Play starts here - Didn't pan out
Okay now it time to go long. Today it bounced off the 8 day and closed pretty strong. The overall trend of this chart is Bullish so if it opens green, it could be good for a shot at new highs. I will risk off the open and get out if it goes red.
3/9/16 Direct hit (short at 2.01 - cover at 1.79)
Opened weak as expected and pulled back to 1.77. I said id like to short it to the 1.75 area so mission accomplish.
3/8/16 On Target
I don't think this has really changed so if it opens red or has a G/R snap. Id expect it to be a good short to the 1.75 area.I would use the previous close as my risk. earnings are due to come out on 3/14 so I would get out before that
3/7/16 On Target
Opened red as I expected and went down from there. Interestingly it bounced off the 8 day
3/6/16 Opening Remarks
Though still looks strong, Id' short it Monday if it opens red or has a G/R snap. Id expect it to be a good short to the 1.75 area.I would use the previous close as my risk. earnings are due to come out on 3/14 so I would get out before that
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