weekend lounge short term trading: 14-16th feb, page-38

TYK strauss to young for any TA, go with the FA. Similar IMO to 3500's VXL, not being FA minded I prefer to wait out the first run and look for first retrace VXL's was textbook so at least now I have a meaningful target on the upside and support level on the downside.

MSR looks good now though after all that debate about a single candle, next target at 5.3c and once though that if confirmed as support 6.3c is possible on this move, as mentioned momentum is strong ATM at least for the now it seems to have confirmed its intention. 10 week EMA crossing the 35 week, is the reason for momentum so that should at least have a crack at the initial target in the days ahead. 5.3c is also the 200 Week moving average and 6.3c is the overshoot max. Expect a retrace to follow from either level