Saturday, November 25, 2006

Closed grow

As previously mentioned, I place a trade in grow. Here's how it turned out:Without knowing what happens on Wednesday, the only technical reason that I see for holding onto that trade was because it did not violate the 10d EMA. However, GROW did not break above any intraday resistance, so that was one not so encouraging sign. I'm glad I sold where I did.
But now that GROW has started pulling back, there is a possible play on the pullback pattern here, so I will be watching it in the coming week for a possible low-risk entry point.

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