Tuesday, May 19, 2009

Hammy Trade: OPLK

In at 11.42 on the bull flag. Check image for technical pattern info:


OPLK buy.png


Another 2.8 move will put us at 14.22. If we look at it percentage wise, a 32% move up would put us at 15.04. Chart resistance is at levels shown:




OPLK resistance.png


UPDATE 5/19: Sold out of this because it was never really a "breakout". It certainly is a potential future breakout, but I'd rather wait for confirmation before holding it for another full swing down then up.


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