trade crude oil live, peter shork, learn to trade futures, S&P futures chat room

POWI, Power Integrations Inc.

Chat about your favorite Stocks. Post Charts. Anything related to stocks : Nasdaq, NYSE, Pinks or OTCBB.
User avatar
I´m Rather Good Now !
Posts: 196
Joined: Thu Sep 20, 2012 8:29 am
Location: USA

POWI, Power Integrations Inc.

Postby Exactrades » Mon Jul 15, 2013 9:18 am

POWI is making a gap up into possible resistance on the daily chart.

Look to take POWI short on a new low below the open with strong volume. Wait at least 2 minutes after the market opens and look to take it short once it makes a new low of the day. If POWI moves up at the open simply set an alert at the low of day and take it short if it breaks that low of day. First target is .49 from your entry, second target is .98 from your entry.

Manage the last piece with a trailing stop. Remember to always use a stop.
The Exact Way To Better Trades

Who is online

Users browsing this forum: No registered users and 1 guest