daytrade diaries... july 8, page-71

Thanks PJ, .2 cent move will now make up for my last loss in FMS :) I also got stopped out of CFU and SBM today. Could still be ok for a buy around today, however, Looking at alot of weekly charts, Id rather be out for now.

Here is some charts to back up my statement on FMS. As you can see good support and resistance between 5.4-5.2 , I doubt it will go lower then that because of the oversold stochastic on weekly AND daily. They still need to turn up though, hopefully a good green day will do that. A repeat of previous speed angles could see FMS over 9 cents, which at a 5.4 cent entry, with stops at 5.1, easily gives u over 10x on a risk reward ratio.

FMS Daily:




FMS Weekly: