Friday, May 18, 2012

STXOSV Short Signal

STXOSV closed 1.58 today at the lowest price of the day. Our position trade system give us a Shorting signal as the chart is showing us the short term it is turning down again. A good entry will be 1 bid below previous day low, which means enter when price hit $1.575. Stoploss can place at 1.71, but if u think it is too far, u can place ur stoploss at 1.65 somewhere around 5% of your entry price. Mid to long term trade(2weeks and above. First target 1.45, second target 1.30
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