Position Trade
Date: 08/10/2009
Symbol: NUAN
Company Profile: Nuance Communications, Inc. offers speech-based solutions for businesses and consumers worldwide.
Sector: Technology
Industry: Application Software
Trading Strategy:
NUAN is trying to break up from consolidation on the weekly chart. It is third try and usually third try will be charm, but also we know what can happen if third try won’t work and because of that I won’t use big stop. It is “do or die” situation and I will use stop under: $12.75. It can be tighter: under $12.90 and I will move it fast when I will see setup action. On the monthly chart we can see clear consolidation under 20sma resistance area what have tendency that resistance will be broken. $20 is first resistance area and depends on pace and volume I will look for target or partials.
I will send all updates and if anyone will have any questions feel free to contact me in the room or over email (ivica@ivicatradingcharts.com ).
Date: 08/10/2009
Symbol: NUAN
Company Profile: Nuance Communications, Inc. offers speech-based solutions for businesses and consumers worldwide.
Sector: Technology
Industry: Application Software
Trading Strategy:
NUAN is trying to break up from consolidation on the weekly chart. It is third try and usually third try will be charm, but also we know what can happen if third try won’t work and because of that I won’t use big stop. It is “do or die” situation and I will use stop under: $12.75. It can be tighter: under $12.90 and I will move it fast when I will see setup action. On the monthly chart we can see clear consolidation under 20sma resistance area what have tendency that resistance will be broken. $20 is first resistance area and depends on pace and volume I will look for target or partials.
I will send all updates and if anyone will have any questions feel free to contact me in the room or over email (ivica@ivicatradingcharts.com ).
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