Wednesday, April 6, 2016

Oclaro - OCLR

OCLR
4/11/16
No real change here. I'll either to the approach from 4/8/16 or I'll buy on the break of 5.55.
4/8/16 Daily

4/8/16
Since this has not broken out yet i'm changing my approach. I'm looking to buy it if it gets close to and holds at or above its 5.08 support level. Using 5.08 as my risk and around 5.10 to 5.15 as an entry. I'll look to sell half of my position at 5.53 and a few minutes before close of day, if it looks like it will close above 5.55 or so I may add to the position. If it looks to close below that I'll likely sell the rest for now. 

4/6/16 Daily

4/6/16 
This chart is setting up very nicely for a possible blue sky breakout. I'm looking to buy at 5.55 risking off of 5.25 and I'm expecting a move to 5.99 if it breaks out from 5.55. 

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