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josericaurte.jaen
Jun 23, 2015 8:41 PM

$ARAY long-term opportunity - bullish channel Long

Accuray IncorporatedNASDAQ

Description

Strong fundamental coming from the options market, there is a short article on Yahoo Finance on this matter that anyone can access.

However, technical has support for the week @ $6.99 with the next support level @ $6.50 interesting enough rejection around $5.99 started an ascending channel (if preferred bullish channel) that makes me think $7.70 is not far from here.

Buy ARAY @ market (cancel above $7.20)
Stop Loss: $6.85
Take Profit: $7.70
Once the trade moves in your favor make sure to use a tight stop, you are here to be a winner. Money and Risk Management are two most important skills to develop.

Helmets On!
Jose Ricaurte Jaen
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