Swing Trade Ideas August 3, 2015
One of Today’s Featured Trade Ideas
AMPE/Long (Healthcare biotechnology) We have had our eye on AMPE for some time since July 21 and has been on our members’ list ever sense. It’s now pulled back to both the 20- and 50-day simple moving average with an inverted hammer on Thursday, and Friday came close to printing an actual hammer. AMPE is one of our bullish Rounded Bottom Breakouts with a nice series of higher lows.
I will be covering more on the trade plan (entry, stop, targets) in the trading room at 9:10 AM EDT today. Click here to learn more
Something to think about:
Education – As with any new skill, the foundation is education. Ask yourself, “Would you start to build a house if you had no knowledge of construction concepts and applications?” NO! Traders first learn the basics, such as technical analysis and fundamental analysis. Read books and attend webinars/workshops. This is really the start of building your knowledge base, so you can later shape your trading style and philosophy. As you mature as a trader, education continues to play an integral role in your success so you never stop learning.
AMPE Trading Plan (Entry, Stop, Target) Click Here
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