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Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
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Scaling One Wall at a Time

chessNwine Thu Aug 14, 2014 11:18am EST 5 Comments

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On our updated, zoomed-out small cap ETF chart dating back to July, you can see buyers holding over the falling channel breakout area so far.

I am looking at a $112-$114 bracket here for the next directional move out of the small caps.

That said, I am certainly laying off shorting the small caps as long as this breakout holds true.

For day-traders, keep an eye on PLUG if it clears back over $6.16 today as a long.

What are you trading this morning?

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IWM

 

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5 comments

  1. Randomness
    Randomness
    August 14, 2014 at 11:22 am

    I see it as a kinda sorta IHS on the hourly but it has to break above 114 to trigger.

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  2. bear54
    bear54
    August 14, 2014 at 11:32 am

    Chess
    UA short?

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  3. thom
    thom
    August 14, 2014 at 11:42 am

    $plug looks to gap fill before it gets going again………..

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