I will look for exit. Most is already protected. Congratulations to takers
Ivica
Chart of the week
Date: 07/13/2009
Symbol: CTB
Company Profile: Cooper Tire & Rubber Company manufactures and markets replacement tires primarily in North America and internationally. It produces passenger car and light truck tires for independent tire dealers, wholesale distributors, regional and national retail tire chains, and other large automotive product retail chains.
Sector: Consumer Goods
Industry: Rubber & Plastics
TRADING PLAN
Entry price: 10.50
Stop price: 10.00
Target area: 12.50-13.50 area
Chart explanation: CTB forming daily and weekly triangle. I won’t expect weekly equal move but if market will bounce I believe that CTB can see weekly 200sma resistance area. It is obviously that CTB have own way for now and it is much stronger then market. On the daily chart we can see that5 10sma (brown line) is key support area for setup what I described on the chart.
If anyone have any question or need update feel contact me over email or in the live trading room.
Date: 07/13/2009
Symbol: CTB
Company Profile: Cooper Tire & Rubber Company manufactures and markets replacement tires primarily in North America and internationally. It produces passenger car and light truck tires for independent tire dealers, wholesale distributors, regional and national retail tire chains, and other large automotive product retail chains.
Sector: Consumer Goods
Industry: Rubber & Plastics
TRADING PLAN
Entry price: 10.50
Stop price: 10.00
Target area: 12.50-13.50 area
Chart explanation: CTB forming daily and weekly triangle. I won’t expect weekly equal move but if market will bounce I believe that CTB can see weekly 200sma resistance area. It is obviously that CTB have own way for now and it is much stronger then market. On the daily chart we can see that5 10sma (brown line) is key support area for setup what I described on the chart.
If anyone have any question or need update feel contact me over email or in the live trading room.
Entry chart
07/16/2009 chart
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