chart, page-11

Once it breached the trading range it was looking very nice & the anns just added to an already very promising chart. I bailed on Friday as it hit one of my zones on the chart (black truncated line) and started to retrace. Three days of very nice trading with decent profit locked in.

Presently, I'd be looking for a retrace & firming of the indicators for a run through the two resistance zones. If it opens up on Monday & looks like taking out the top resistance (red truncated line) I'll re-enter the position with confirmation of strength.

Either play is suitable for me and just means letting the dust settle for the strategy to play out. On a break of the top resistance the third strategy I'll be considering would be to retain as a momentum trade since the initial profits have been locked in.

Play them as the roll.