"Everyone has a plan 'till they get punched in the mouth" - Mike Tyson

November 07, 2013

Quick Trade idea

GNK had earnings last night.  They beat and it's ripping in the pre-market.  The chart shows a beaut of a daily head and shoulders bottom.  We could be aggressive and get long now versus that 2.76 low, but the pattern is so good we could just wait for a clear neckline break and target an attempt at the September highs.  Good Trading!

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All ideas shown on this blog represent the authors opinion based on the data available.