Thursday, October 9, 2014

Opened LEAF.

Opened Leaf @$33.75.  Leaf had looked pretty strong today and held up reasonably well despite broad market selling.  Theres a clear support at the 50MA a break of which would close the trade for me. 

Great weekly chart With a nice cup and handle formation

On the dailies the elder goes green right at the 50MA.  I believe this is the type of low risk entry than can be pretty profitable.   My two hesitations are that (1) the broad market continues to sell and (2) this stock has not shown much history of MOMO bursts or trending. It had an EP and then hung a flag.

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