Looking at this chart I can see a few trades coming up, but lets deal with the first trade.
I think the captions I have placed on the image pretty much says it all for this one. Nice looking little trade with not much
downside risk (stop loss at low of entry day). If successful, the trade will fetch 29%, which you would be waiting a long
time for when trading blue chips. Entry was at close of trade on the 23rd of July 2003. The positive close on that day
confirmed the higher bottom.
DISCLAIMER: These are my thoughts only and NOT advice as I am NOT a licensed advisor.
Please consult your stock broker for advice.
Update: 5th August 2003: The image says it all, looking good so far.
This was a nice straight forward trade, hit target @ 24c on 7th August 2003. 29% in around 2 weeks, that'l do me !.