ABC has been trending really nicely and now as it's trading above the psychological level of 100, we can wait for a long-term buy signal. Before that happens, ABC gave us an opportunity for a short-term trade following the gap up from Monday.
Although we are a medium/long term traders, I sometimes take high-probability short-term trades to raise the morale amongst my troops. For the time being,this trade is doing quite well.
Comments
ForceFollower
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A very strong trend... :-)
giantab
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Hi Piotr. Indeed, it's a well trending stock. My trade has been stopped out today for a decent profit.