Tuesday, 27 March 2012

MIB-AAPL-THLD....did you take a profitable risk?

MIB as mentioned in twitter was one of my trades last week when I saw a bottom in the markets. It could very easily test the highs, but it will first have to break 16800 decisively because it is the 61,8% retracement. Support lies at yesterdays low. 

AAPL continues to follow the uptrend from December. I have a short term take profit stop at the area of 577$ and I think after yesterdays session the share will move towards $610-620 this week. Breaking 550$  could be a start of a larger correction.

 THLD gave a new high yesterday above 8$. Stop now at 6,70$. If today 8.50 is reached again I will try and sell it and get back in lower near 7,50-8$. Safest strategy is to hold with stops raising as share price rises.

1 comment:

  1. Nice calls...I followed you in MIB and in THLD. Keep up the good work!!!thanks