Technical Analysis Day Trading Review: Boo Yah! Banked on ABK and SSCC
Nov 4, 2008 Day Trading, Small Cap Stock Picks, Technical Analysis
Another consistant day of day trading for us here at ttt.net. We went 2 for 3 on our trades today with 2 awesome trades on ABK and SSCC, and took a small loss on DRYS early in the morning on a false breakout. Black Service members banked on these stocks today as well with my Real Time Trade Alerts .
Day Trading Stock Pick #1 : ABK
ABK was set on my watch list which was sent out to Black Service members sunday night and was looking for a move above $3/share on this stock. I went long at 2.83 on the short term breakout of descending resistance line, as well as bought another position at 2.96 when it appeared we were about to bust through $3. I ended up selling near the close at 3.09 as this struggled to maintain its highs and broke down. On the daily chart this stock looks awesome and looks like it could head to $4 which was my initial profit target. Yet with the election tomorrow there could be some erratic volatility in either direction and didn’t want to hold over night. So i will be watching ABK closely tomorrow for another trade.
technical analysis
Day Trading Stock Pick #2 : SSCC
SSCC was also a stock i posted on the watch list i sent out sunday night to keep an eye out on. I alerted Black Service members to go long in this stock on the breakout above 1.40. Price rallied pretty hard for the short term yet lost momentun as the market was pretty neautral for most of the day and couldn’t sustain any rallies. I sol at 1.47 on the breakdown of the 5m chart and as failed to hold prices above 1.50.
Technical Analysis :
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Tags: abk, Day Trading, sscc
