Showing posts with label MNDO. Show all posts
Showing posts with label MNDO. Show all posts

Wednesday, November 5, 2014

Closed MNDO

Took a shot as a swing trade on a momo burst setup.  I'm not generally crazy about the gap out of this setup but it had some decent earning related news. Unfortunately  MNDO  never really pushed ahead enough to book profits it faded I wind up with a small loss:

Entry 3.28
Exit. 3.10

Monday, November 3, 2014

opened: MNDO, JRJC, JNUG

There were a couple of decent MOMO burst type set ups and the gold miners put a reversal after getting pounded so I put on an m/r trade on in JNUG.

MNDO:
A break out with an earnings gap,  Good volume.  If the gap holds, this could be a runner.  Not crazy about the fade but it held up ok.  Right now its a "meh" trade.
Entry:  3.28
Stop: 3.10
JRJC
This former momo darling set up great and now put in the range expansion move.  Its trading action is what I like to see as it closed near the HOD (which I had the pleasure of buying 6.25).  If it finds some volume 7 looks to be the first target.
JNUG
I bought this as a mean reversion trade.  It had some nice action today after being destroyed over the last 2 months a range expansion after a tight dojo move can sometimes signal a bottom.  I'll stop at 4. prior day's low.

Some caution is still in order as a similar type move failed the next day in the end of September.   If it holds it could  move quickly to 8-10