After gapping down this morning SKF filled it's gap, carved out a pennant formation and then just took off, gaining $27 from it's opening price, before settling back around VWAP later on in the afternoon.
Check it out on a $1 range bar chart.
Friday, January 16, 2009
0 to 27 in 3 hours
I wish I would have kept a closer eye on SKF today. This issue, with it's large range capability, has so much home-run potential for traders.
After gapping down this morning SKF filled it's gap, carved out a pennant formation and then just took off, gaining $27 from it's opening price, before settling back around VWAP later on in the afternoon.
Check it out on a $1 range bar chart.
After gapping down this morning SKF filled it's gap, carved out a pennant formation and then just took off, gaining $27 from it's opening price, before settling back around VWAP later on in the afternoon.
Check it out on a $1 range bar chart.
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