Wednesday, March 9, 2016

XCO

3/14/16 Watching for Entry
This broke down today and stopped at a decent support level. If it drops below 1.32 it will need some time to rebuild.

3/11/16 Watching for Entry
Still watching for a test of the 8 day or a bit more building a base. I'm looking for an entry near 1.45 with a target of 1.80 again but may raise my target depending on how it gets there.

3/10/16 New Play starts here:
Looks like this should bounce off the 1.40 and build a new base. Just watching for now.

3/9/16 Direct Hit (in at 1.41 out at 1.80)
XCO = Opened strong and ran up past my target for this stock of 1.80 where I would have sold to 1.94.  It gave back much of the gains closing at 1.64. Strong over all but we need to see how it acts over the next few days.

3/8/16 Still in Play
Opened down and closed down. I'd have likely gotten out at open but if not there is still hope for this chart. It bounced of a major support area today and if it can consolidate it is still in play. It is still way above the 8 day so no worries yet.

3/7/16 On Target
broke1.40 as I was hoping and closed on HOD @ 1.61. I would expect a gap up or strong open in the morning and would get out near 1.75 to 1.80  unless it plows thru with force but then watch for a topping tell.
Use the open as Risk

3/6/16
If it gets above 1.40 watch for a run as high as 1.75 to 1.80  Use 1.35 as a your risk

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