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/
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/
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