PRAN was a good intraday play today. A nice exhaustion candle formed with a high of $3.14. The stock approached and broke that resistance with high volume which showed the bulls were in control. After the move lost momentum a good sell would have been around $3.25 which is about a 3-4% gain in under ten minutes. If you held through that you could have made 5-6% in about fifteen minutes. Good play.
Friday, March 25, 2011
PRAN Intraday Continuation Play
PRAN was a good intraday play today. A nice exhaustion candle formed with a high of $3.14. The stock approached and broke that resistance with high volume which showed the bulls were in control. After the move lost momentum a good sell would have been around $3.25 which is about a 3-4% gain in under ten minutes. If you held through that you could have made 5-6% in about fifteen minutes. Good play.
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