Monday, December 29, 2014

Opened IDRA

Yesterday I posted this chart in my watch list after observing a nice wedge

Today, this pattern resolved itself to the upside in dramatic fashion.  (if only it worked this way all the time).

That said,  I was a little slow on the draw but still picked this up at 4.34, I'll use the trend line as the stop, as it would not be unusual to see a backtest.  But given the volume I would be surprised if this does not continue this move:

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