TWTR – in play today – bought for the long term
AAN and MTP – consolidating. With MTP the key is to stay above $2,00
HELE – in play today – did not get filled as price continues to rise and I wanted to buy in at a lower price.
Low price stocks – SCKT and AKTX – did not buy – they are also consolidating after the Gap Up…
So last week was a fun week for Gap Trading. A Gap Up indicates that the Trend should change upwards. The problem is after the Gap the price can consolidate – often forming a flag or pennant, before the price continue back upwards.
Posted by Vincent Banial