5th day of $QQQ short term down-trend; $TFX bounces.

GMI4/6
GMI-21/8
T210875%

A lot of rocket stocks bounced from oversold support on Monday. This may be a playable bounce.

For example, TFX, which I bought on Monday,  has bounced from 1ts 15.2 lower Bollinger Band and retaken its 30 day average.  I call this a low risk set-up. If the bounce fails to hold  I exit and take a small quick loss. Note that TFX is above its recent green line top.

Screen Shot 2016-05-02 at 8.44.41 PM

 

4 thoughts on “5th day of $QQQ short term down-trend; $TFX bounces.”

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: