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BLOG Base Breakout

by Online Stock Trading on July 25, 2007

Trading action today was like watching a monkey on acid. Hey. You can’t complain about the volatility.

The BLOG – BladeLogic ipo gave a trading entry over the long base it formed intraday. This is a fairly basic pattern, but if it works, I’ll use it. I shut down esignal, and really don’t feel like checking, but the base had a risk of .35 I believe. Buy the break above, with a stop below the base. I need to add this to the trading patterns area still, with a few other charts.

blog-072507.jpg

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