Friday, October 8, 2010

FWLT - update



Just a quick update on our trade. After our entry, the stock had a little pullback and then the bulls came back in to push it up higher. Today was a good day because we broke back up above resistance and closed above where the bears came in the day before and pushed the bulls back.

What's this mean? The bulls are in control right now, so hopefully we'll get a nice pop up from here and make our way up to the target.

For right now, we just sit tight and chill.

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