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Strategies & Market Trends : Underexposed Technical Analysis

AQN 6.010

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2:10 PM EST

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To: Underexposed who wrote (696)	12/26/2019 3:24:55 PM
From: robert b furman	Read Replies (1) of 914

Hi UE, I have scalped two trades last week on Brks. I had a GTC buy order in at the 50% retrace. Price went down to two pennies above my bid ($41.63) and reversed up nicely on tuesday. Here's my chart with the retraces: screencast.com I also would like to add to at the 62.18 retrace at $41.36. Ewavers say the 50% and /or 61.8 % fib retrace lines get touched 72 % of the time. With Macd bottoming nicely on the daily chart - its a good add to as a trade. Daily chart: screencast.com Good to have your view UE! Happy Holdays to all here. I suspect there will be some profit taking early next year/month in Brks (it has been a great year for Brks. It could very well give us an entry point at those fib retracement lines. Bob Bob

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