Monday, June 2, 2008

30 Minute Candlestick Breakdown - SBS

30 minute chart

Stock: SBS 30 minute chart
Entry Green Line: 54.26 (short)
Stop Red Line: 54.61
Result: 1.44 to 1.99
Setup Grade
: A-
Notes: Closed below the 200 EMA as well and weak on the daily, nice support from the 5ema


* Grade is according my rules for each setup outline in my business plan. The grade is for the setup not the end result.

* Feel free to post any trades you made today that you would like commented on

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Disclaimer

I DO NOT MAKE RECOMMENDATIONS TO BUY OR SELL SECURITIES - I JUST POST TRADES I MAKE OR FIT THE RULES OF MY TRADING PLAN ON A DAILY BASIS. DO YOUR OWN DUE DILIGENCE - YOU ARE RESPONSIBLE FOR YOUR TRADES, INVESTMENTS, AND DECISIONS! ALL CHARTS COURTESY OF TRADESTATION, SCHWAb & TD AMERITRADE