Chart of the week
Date: 11/09/2009
Symbol: JNPR
Company Profile: Juniper Networks, Inc. designs, develops, and sells products and services that provide network infrastructure, which creates environment for accelerating the deployment of services and applications over a single Internet Protocol (IP) based network.
Sector: Technology
Industry: Networking & Communication Devices
TRADING PLAN
Entry price: under: 25.00
Stop price: above: 26.10
Target: 22.50 areas
Chart explanation: I will look for book selling continuation. We can see daily 3rd try triangle and next try is third try. Also we can see that selling from daily high is stronger then buying in to it what suggest for trend reversal. Also on the weekly chart JNPR formed continuation pattern and I will look for 200sma as target area
If anyone have any question or need update feel contact me over email or in the live trading room.
Wish you all good trading!!!
Kind regards
Ivica
http://www.ivicatradingcharts.com/
Date: 11/09/2009
Symbol: JNPR
Company Profile: Juniper Networks, Inc. designs, develops, and sells products and services that provide network infrastructure, which creates environment for accelerating the deployment of services and applications over a single Internet Protocol (IP) based network.
Sector: Technology
Industry: Networking & Communication Devices
TRADING PLAN
Entry price: under: 25.00
Stop price: above: 26.10
Target: 22.50 areas
Chart explanation: I will look for book selling continuation. We can see daily 3rd try triangle and next try is third try. Also we can see that selling from daily high is stronger then buying in to it what suggest for trend reversal. Also on the weekly chart JNPR formed continuation pattern and I will look for 200sma as target area
If anyone have any question or need update feel contact me over email or in the live trading room.
Wish you all good trading!!!
Kind regards
Ivica
http://www.ivicatradingcharts.com/
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