Chart of the week

Chart of the week

Date: 03/22/2010

Symbol: MED

Company Profile: Medifast, Inc., through its subsidiaries, engages in the production, distribution, and sale of weight management and disease management products, and other consumable health and diet products in the United States

Sector: Services

Industry: Specialty Retail, Other

TRADING PLAN

Entry price: short under: 24.31

Stop price: stop above: 26.80

Target: open for now

Chart explanation: I like weekly bear flag for MED. Closed with pivot bar under 20sma and buying pace is weaker then initial move down pace . Because of that I will look for selling conti9nuation. Previous low and 50sma is first support area. Expectations will depends on selling pace and volume.
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/

Stock Corner – 03/17/2010

Stock Corner – 03/17/2010

LONG:

Day - swing trade possibilities (DT-ST)

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SHORT:
Day - swing trade possibilities (DT-ST)

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Watch ideas:

Long:



Short:


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DT - day trade
ST – swing trade
PT – position trade
DT-ST – starting with day trade and can turn to swing trade
ST-PT – staring with swing trade and can turn to position trade
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If you have any questions, please feel free to contact me.
Good luck trading today!!!!

Ivica Juracic
http://www.ivicatradingcharts.com/

FOREX Corner - 03/15/2010

FOREX Corner - 03/15/2010

Time: 05:00 ET
Time: 10:00 GMT

Good day all,



If you have any questions, please contact me.
Good luck trading today!!!!
http://www.ivicatradingcharts.com/
Ivica

Chart of the week

Chart of the week

Date: 03/08/2010

Symbol: EXPD

Company Profile: Expeditors International of Washington, Inc. provides logistics services in the United States and internationally.

Sector: Services

Industry: Air Delivery & Freight Services

TRADING PLAN

Entry price: long above 36.70 (day trade above 36.60)

Stop price: stop under 36.28 (day trade under 36.40)

Target: 38-40 area

Chart explanation: I like EXPD for long continuation based on daily triangle and odds for bounce from 10sma support area. First resistance is previous high. We can use trading plan based on daily triangle (swing trade), but also we can use 15/30 min consolidation (day trade) what can turn to swing trade. I like to use that possibility to increase risk reward but for that I must see open at Monday and see if I can use day trade trading plan or swing trade trading plan.

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/

Chart of the week

Chart of the week

Date: 03/01/2010

Symbol: GMCR

Company Profile: Green Mountain Coffee Roasters, Inc. operates in the specialty coffee industry in the United States and internationally. It sells approximately 200 whole bean and ground coffee selections, cocoa, teas, and coffees.

Sector: Consumer Goods

Industry: Processed & Packaged Goods

TRADING PLAN

Entry price: long above 85.10

Stop price: stop under 82.50 (10sma weekly)

Target: 200sma daily resistance areas

Chart explanation: Main idea for GMCR is bounce from weekly 10sma after two consolidation months. On the weekly and monthly time frame charts we can see that is strong uptrend stock and I will look for continuation.

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/