Feb
12
Written by:
Trader
2/12/2009 8:46 PM
(Note: The US has a Holiday on Monday Feb 16th so no trades will be posted until Tuesday)
Copper has formed a nice coil on the daily chart and closed Thursday in the middle of that coil. Look to trade a breakout from the coil once one of the trend lines has been penetrated. See image below for trendline placement. I doubt that this is going to trigger today but it's something to watch for over the next few days.
As far as stocks go, HLTH has formed a nice daily bullflag that should lead to new highs. Buy and stop at the low of the flag. This is an aggressive entry so if the stop is hit, look to re-enter as the oscillator turns up again in a few days.

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1 comment(s) so far...
Re: For Friday February 13th: Watch Copper for Breakout Trade over the next few days; Buy HLTH (Stock).
good chart presentation
By lalit on
2/13/2009 6:42 PM
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