Saturday, December 05, 2009

Going to set a buy for CTCM despite the fact that I think the market is going to falter

I am looking at charts and I noticed this one. This stock has been performing very well and as of recent there has been dimunition in the trading volume.
In the past few days, it has put in a pivot and broken this downtrend line. I have labeled the chart to show what I am talking about. My stop loss will be $0.12 below the most recent low which is $13.54. My buy limit order is going to be set at $14.92. T1 is $17.62 and T2 is 18.58. T3 will be $21.66. Let's see how this one pans out.

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