Last Update: 1.13.14
12.19.13 “$ROST Climbing Back Up” (Part 1)
[10:15am CST] Entered Calls @ $74.05
I did get stop out of my original position yesterday when it had that wild swing but I was paying attention because we formed hammer with high volume at the end of the day yesterday. This morning, I’ve decided to re-enter calls once we got back above this pivot level (red dotted line).
Held up well and nice follow through after a hammer candle yesterday. Volume also pretty solid last two days. Need to get above $75ish for continuation of this trend.
[1:36pm CST] Positions Closed @ $73.72
Well, so much for that hammer reversal. Now that we are back into square one, we could continue in this range bound or possibly drip lower. I just didn’t want to hold this positions while the market is looking weak today. Positions were closed with tiny loss and I don’t have plan to re-enter anytime soon.