kiwiktrader

LEDS - Afternoon Breakout

Long
NASDAQ:LEDS   SemiLEDS Corporation
Biggest Gainer - Unusual volume - No Catalyst - Previous runner
RR - 4/5
Entry req - Breach day high - Wait for support to be tested - Wait for momentum shift
Establish the day high as support wait for it to hold
Entry Point - Momentum shift having held day high as support
DAY HIGH 13.00 - Entry around 12.50 - 13.00 looking for 10%
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