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Charts, Stock Picks, and Technical Analysis from an Online Stock Trading Veteran

April 17, 2008


QLD Long Swing Trade 041708

Filed under: Stock Picks — Online Stock Trading @ 12:03 pm

I’m going to try a long swing trade here in QLD. The 15 minute chart has put in a higher low buy signal. I’ll use the previous pivot low as a stop. Daily, 60 minute and 15 minute charts are in an uptrend. I could use yesterday’s low as a stop, but want to be a little more aggressive. Stop is around .80 = R, as my entry was 74. 52. One hour to the close. I may get stopped before then as the ETF has fallen to 74.20. Target is 79.

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