Friday, November 21, 2014

Opened SAMN

I like these narrow range pull backs after a big move. I drew a bunch of trend lines and thought SANM looked like a decent risk/ Reward trade here.  I got a trend line alert.

SAMN looks to be breaking away from the 3 week down trend it has been in.  This type of action suggests that the sellers are exhausted.  Once some buyers come in this could work pretty well.

Enter: 24.98
Stop: 24.11

No comments:

Post a Comment