Homyk`s Trading Journal
Bought Sciquest (SQI)
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Bought SQI today at 16.69. It is close to the trendline which it has tested numerous times in the past. It has also built a good base during the summer. A further move up will soon see it in uncharted territory with no resistance.
Failure criteria:
Moves more than 0.5% below the major trendline.
Success criteria:
Touches major outer imaginary channel line and breaches below minor fanned inner channel line. -
- Traded 27.07.2011