Sunday, October 11, 2009

Tim Sykes' ZAGG trade, Oct 9, 2009

ZAGG chart
On Oct 9, an up-tick in ZAGG price and volume took place and Tim took advantage of it with this trade. It is interesting that the event was not quite sudden: increases in volume had been seen for the previous three trading days. Tim entered the trade after the break-out from the range-bound channel became a fact. The trade was closed with a nice profit next day, Oct 10.

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