The S&P 500 just broke up consolidation that was theme of year 2014. Yeasterday, sectors that were recent laggards (high-beta, small-cap) showed relative strength.
Overall you have to take stock specifique approach and be willing to buy dips in strong stocks if you want to be successful in this tape.
This solar company attract my attention. It was wedging near highs and stays in strong uptrend since gap up on 23 of October 2013.
Yeasterday it broke up wedge with close on dead highs and triggered LONG ENTRY.
STOP below short term moving averages and wedge support @ $20.50.
Pivot high @ $21.74 is first TARGET.
If you want to buy pullback - $20.90-$21.10 could be our buyable area.
Overall you have to take stock specifique approach and be willing to buy dips in strong stocks if you want to be successful in this tape.
This solar company attract my attention. It was wedging near highs and stays in strong uptrend since gap up on 23 of October 2013.
Yeasterday it broke up wedge with close on dead highs and triggered LONG ENTRY.
STOP below short term moving averages and wedge support @ $20.50.
Pivot high @ $21.74 is first TARGET.
If you want to buy pullback - $20.90-$21.10 could be our buyable area.
