trading perspective, page-14

SDL closed on its high today,volume was average indicative of low selling pressure however buyers not overly enthusiastic to push it above mornings move.

Tomorrow if gaps up buyers will be in control, and price should test resistance at .105. At the end of the day there were only little buyers and sellers their trade sizes insignificant to give any indication for tomorrow.



Above chart shows where expected resistance is and also shows that "short term" has set a higher low and trending up. I trade potentials and short moves, the pattern forming could be an up sloping triangle and lead to a bigger move. However to catch this is not in my plan unless I jump back in.

Three reasons I may dump
- Tomorrow there is no interest in the stock
- Breaks my stop loss
- If bad press occurs
- Most importantly if reaches my target