Monday, April 4, 2011

HEAT Daily Bouncer

Here is a bouncer I missed today. It had a great setup. The exhaustion candle, the high volume, the significant drop. Just about perfect. Unfortunately, I just never took a look at it. Nonetheless, it does show the potential of this play and can be used as a learning tool, so here is the chart. A good buy-in would have been above the high of the previous days candle.

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