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dru_01
Sep 3, 2013 9:14 PM

MSFT Two Targets one long, one short - enter short after long Short

Microsoft CorporationNASDAQ

Description

Short Term Long potententially heading onto longer term short - watch for breaks of 31.93 for long and break short of 32.30 (technically this has broken out already but should provide a re-entry point after retesting 32.30-32.54 area. Watch for resistance at 32.30 on way up as this may stop long target being hit (probably candle wick will hit 32.54 and close will hit 32.30)
Comments
dru_01
should now come down to short target of 29.83. Stop loss set just above 34.76. Great time for second entry short!
dru_01
Long trade now obsolete as break line not broken. original short trade looking good
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