Sunday, September 05, 2010
Today's Trade Minimize
Jan 26

Written by: Trader
1/26/2009 4:11 PM 

PALM is one of those companies I just don't understand.  I think they should be out of business by now.  Still, they're on a tear relatively speaking and a bullflag is forming on the daily charts.  Any further push down is going to set up a buying opportunity for a scalp play.  My instincts say don't overstay your welcome - once it starts to move in your direction, trail a tight stop.  Daily chart is shown below.

image

Coffee did an upside breakout from a sideways line on Monday.  Any pullbacks to the 30 min and 60 min 20 period EMA will set up buys for at least a scalp, if not a more extended run.  If that happens on Tuesday then buy at those levels.  Otherwise, pass.

image

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