INFN - Still a pretty good buyThis stock showed some bullish move earlier
I jumped in at the break of a fractal box on the 27th of Jan Price $10.30
But it spiked up and pulled back
But it has not gone down more than needed to invalidate the setup.
Hence it is still a good setup and I'm staying in it for now.
Targets are $11.30
and $12.60
Goodluck
INFN
INFN uptrend potential going into earningsChart is set up for a nice 15-20% move on positive earnings
INFN LONG SET UPBUY INFN
LONG ENTRY 1 3.95
LONG ENTRY 2 4.12
SL $2.00
Take Profit 1 $4.86
Take Profit 2 $5.60
Take Profit 3 $6.12
Intuition Trade PlayJudging from previous performance, it almost seems obvious that this stock is due for a pullback. Consistent negative quarterly earnings. Big gap to be filled, and the increase looks like it is due to some kind of institutional accumulation. It is already 88% owned by institutions. Selling 3/4th on the first down day at the close. Following through depending on price action
Possible zone where INFN can go short.INFN is retesting a previous zone which was support before. If this area becomes resistance the price might retrace to $ 11.00
INFN Day Trade Retest Gap (Brad Reed Jan 23,2015)INFN expected to open at 16.30 for a Retest Gap. To learn to trade this strategy for free, go to www.RealLifeTrading.com
