Chart of the week
Date: 12/28/2009
Symbol: VRSN
Company Profile: VeriSign, Inc. provides infrastructure services to various networks worldwide. It operates in two segments, Internet Infrastructure and Identity Services, and Other Services.
Sector: Technology
Industry: Application Software
TRADING PLAN
Entry price: long above: 24.29
Stop price: stop under: 24.15
Target: 25 areas
Chart explanation: First what I see on daily VRSN chart is 12/18/2009 bear trap and big move up on high volume. Telling us that VRSN want go up. After that reaction I like to see consolidation and good risk/reward possibility and I found it on Thursday action what result with continuation pattern on daily time frame. Also we can see same pattern on weekly time frame. I will look for move up in to end of the year and for $25 target area. Friday small range giving us possibility for good risk reward trade.
If anyone have any question or need update feel contact me over email or in the live trading room.
Date: 12/28/2009
Symbol: VRSN
Company Profile: VeriSign, Inc. provides infrastructure services to various networks worldwide. It operates in two segments, Internet Infrastructure and Identity Services, and Other Services.
Sector: Technology
Industry: Application Software
TRADING PLAN
Entry price: long above: 24.29
Stop price: stop under: 24.15
Target: 25 areas
Chart explanation: First what I see on daily VRSN chart is 12/18/2009 bear trap and big move up on high volume. Telling us that VRSN want go up. After that reaction I like to see consolidation and good risk/reward possibility and I found it on Thursday action what result with continuation pattern on daily time frame. Also we can see same pattern on weekly time frame. I will look for move up in to end of the year and for $25 target area. Friday small range giving us possibility for good risk reward trade.
If anyone have any question or need update feel contact me over email or in the live trading room.
December action!!!!!!!!
30% discount for Gold subscription. Until December 31, 2009 full service access is only $69 per month. Don’t miss this opportunity.
(email me for instructions at danded2005@inet.hr
30% discount for Gold subscription. Until December 31, 2009 full service access is only $69 per month. Don’t miss this opportunity.
(email me for instructions at danded2005@inet.hr
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