ASNA, Ascena Retail Group
Posted: Wed Sep 25, 2013 9:23 am
ASNA is making a gap up into resistance levels on the daily chart.
Look to take ASNA short on a new low below the open with strong volume. Wait at least 2 minutes after the market opens and look to take it short once it makes a new low of the day. If ASNA moves up at the open, simply set an alert at the low of day and take it short if it breaks that low of day. First target is $0.19 from your entry, second target is $0.38 from your entry.
Manage the last piece with a trailing stop. Remember to always use a stop.
Look to take ASNA short on a new low below the open with strong volume. Wait at least 2 minutes after the market opens and look to take it short once it makes a new low of the day. If ASNA moves up at the open, simply set an alert at the low of day and take it short if it breaks that low of day. First target is $0.19 from your entry, second target is $0.38 from your entry.
Manage the last piece with a trailing stop. Remember to always use a stop.