Wednesday, October 5, 2011

Potential Set-ups $MAKO, $FAS

Potential long set up for financials. A lot of things have to go right for this set up to work. This chart is a couple of days old. So the stock needs another couple strong days for a break out.

Potential short play. This stock is actually very strong fundamentally. I have traded this stock and made good money from it but I won't hesitate to play it on the downside as well. I'm going to be cautious as the stock's propensity towards strength could take over.

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