I stopped out of my long from yesterday, and the weekly close looked pretty bad. I did take a long this morning with the thought that the dip to $8337 was a potential double bottom from the $8350 low the other day, but I already stopped out of that one.
I'm looking to catch bids in one(or both of these spots). I've been talking about this area for entry since the 40% move up a few weeks ago, and here's how I'm playing them now.
Fairly tight stop after the top bids if we don't see a bounce off the $8200s, and a slightly wider stop than usual on the 7950-8100 bids.
I'm looking to catch bids in one(or both of these spots). I've been talking about this area for entry since the 40% move up a few weeks ago, and here's how I'm playing them now.
Fairly tight stop after the top bids if we don't see a bounce off the $8200s, and a slightly wider stop than usual on the 7950-8100 bids.
