Chart of the week
Date: 09/28/2009
Symbol: DNB
Company Profile: The Dun & Bradstreet Corporation provides commercial information and insight on businesses worldwide.
Sector: Technology
Industry: Information & Delivery Services
TRADING PLAN
Entry price: under: 73.70
Stop price: above: 74.59
Target: 70-65 areas
Chart explanation: DNB weekly chart coming to 10sma resistance area what is first moving average resistance area after strong gap down. I like to use 10/20sma for my setups and I use them as trend continuation indicators. Generally that mean I’m interested for pull back from 10sma and selling continuation. It is reasonable that, if DNB will see setup, 10sma will be main resistance and I will move stop with 10sma. Also, if setup will go then it will be 3rd try to break consolidation after gap down (3rd try triangle).
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: 09/28/2009
Symbol: DNB
Company Profile: The Dun & Bradstreet Corporation provides commercial information and insight on businesses worldwide.
Sector: Technology
Industry: Information & Delivery Services
TRADING PLAN
Entry price: under: 73.70
Stop price: above: 74.59
Target: 70-65 areas
Chart explanation: DNB weekly chart coming to 10sma resistance area what is first moving average resistance area after strong gap down. I like to use 10/20sma for my setups and I use them as trend continuation indicators. Generally that mean I’m interested for pull back from 10sma and selling continuation. It is reasonable that, if DNB will see setup, 10sma will be main resistance and I will move stop with 10sma. Also, if setup will go then it will be 3rd try to break consolidation after gap down (3rd try triangle).
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/
