Friday, March 5, 2010

Weekly Recap

New setups, new entries, new highs - 1150. Will post several charts -

MXWL -
Falling wedge - obviously resistance at 200 ema - looking for a move up to there, if I could get a bullish MACD crossover I'd be loaded - might even see a breakout.






SPWRA -
Falling wedge again - I got averaged in at 19.03 - sold half my shares on Friday and still holding the rest because it still looks great. My stop is just south of the 20 ema which it struggled to recently break when it came back down to retest the wedge and make a double bottom. A breakout and a move to the 200 ema is really what I'm looking at on this one if it can hold that 20.

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