GPS, GAP Inc
Posted: Fri May 10, 2013 9:26 am
GPS is gapping up above resistance on the daily chart.
Look to take GPS long on a new high above the open with strong volume. Wait at least 2 minutes after the maket opens and look to take it long once it makes a new high of the day. If GPS moves down at the open, simply set an alert at the high of day and take it long if it breaks that high of day. First target is .40 from your entry, second target is .80 from your entry.
Manage the last piece with a trailing stop. Remember to always use a stop.
Look to take GPS long on a new high above the open with strong volume. Wait at least 2 minutes after the maket opens and look to take it long once it makes a new high of the day. If GPS moves down at the open, simply set an alert at the high of day and take it long if it breaks that high of day. First target is .40 from your entry, second target is .80 from your entry.
Manage the last piece with a trailing stop. Remember to always use a stop.