Technical Trades
Technical Analysis applied to Stocks and Futures.

BMD short

Thanks for Websman for the heads up on this one. He might be taking BMD long in the Portfolio of the Week contest at MrMarketisHuge forum, looking for a 1-day gain, and he might just get a 20% pop to Fuzzy C resistance. The daily count calls for an impulse up 4 before a larger 5 down that I would look to exploit to $1.40 price support. So risking 5% for a Fuzzy C short at $3.05 to target 54% profit. R/R is over 10. Very nice.

Chart of BMD.gif
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