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Last Update: 12.03.13
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11.15.13 Friday
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[Open] Entered Calls @ $21.03
@ 8:46am CST
[Close]
The charts are self-explanatory as we clear major resistance levels of $21ish. It might sounds crazy but my targets are $21.80 and $22.60!
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11.18.13 Monday
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As long as we stay above $20.90ish, I think it’s still bullish. We might even come down to that level of $20.90ish to retest as new support before thrusting higher. I am still long with my full positions.
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11.21.13 Thursday
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- Bull flag breakout today (last four days)
- Old resistance new support held
- Well above 5/10EMAs
Still holding full positions with next target of $21.75ish.
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11.22.13 Friday
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[Open] Added More Calls @ $21.39
@ 8:33am CST
[Close]
I am still shooting for my first target of $21.80ish. I am just following the trend which is up and with solid breakout yesterday, I couldn’t resist the urge to add at open this morning. Now holding full positions from last Friday’s open and this morning’s open.
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11.26.13 Tuesday
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Still holding full call positions since 11/15 open and last Friday open as we have formed bullish flag continuation pattern last two days. My initial target of $21.75ish (see 11/15 update) which I am still target next few sessions with ultimate target of $22.40ish. My guess is we grind higher tomorrow and Friday.
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12.02.13 Monday
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I am still holding full call positions I got in on 11/15 at around open and last Friday at around open and here’s why.
- We are still above 10EMA and it has been acting as support since 11/08.
- Continue to be in formation of higher lows and highs thus possibly we are in the phase of creating another higher low
- Also possible that we are bull flagging before thrusting higher
- Benefit of the doubt goes to the bulls as long as we are above 10EMA
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12.03.13 Tuesday
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Exited All Positions @ $21.34
@ 10:20am CST
It was disappointing because I was expecting more run but still coming out with some gain. I still think this is NOT the level to short but I would rather wait to get into next bullish entry.
