Today’s Swing Trade Ideas
No featured trade idea today,
Trading is not always about looking for the next hot stock, it’s also about managing what you have.
My entry plan idea:
My stop plan idea:
Beware Profit Traders we are entering earnings season
This Week’s Economic Calendar—> Click Here
Today’s Swing Trade Ideas
TKMR/Long (Healthcare Sector Biotechnology) TKMR has been trending nicely from late July this year with little rallies and pullbacks. It has recently pulled back to the 20-day simple moving average and formed a bullish harami yesterday. The lower wick is not quite long enough to call a hammer. A swing from yesterday’s close to the recent high is about 25% — excellent money in its own right and about 30% to a double-top test. Most everyone in the Hit & Run Candlesticks trading room either owns it now or is considering it. Thank you to all the members that have been talking about it and posting this ticker in the room.
My entry plan idea: (Currently own shares at 23.20) Will consider adding more above the 20-day period moving average and on a breakout of the T-Line
My stop plan idea: A close below 22.35
Beware Profit Traders we are entering earnings season
This Week’s Economic Calendar—> Click Here
Today’s Swing Trade Ideas
SIMO/Long (Technology Sector Semiconductors) SIMO gapped over the big three yesterday from a doji continuation pattern, also known as a doji sandwich. I am looking for about 12% on SIMO.
My entry plan idea: Buy at the open to negotiate a better price
My stop plan idea: A close below 26.82
