Wednesday, July 22, 2009

Planes and Chips

Here are two longs I entered yesterday based on the charts.
LCC- this is a low risk trade, stop at 1.96. 
It has formed a good base at this level and and may break out of its down trend.
AMD- Played this during AH, earnings came out and the stock got crushed down to 3.53 at its lowest. It should open up today and fill the gap, a clean stop is at 3.50