Learning Chart of the Week $PCX & the sale on it today

 

Learning Chart of the Week $PCX & the sale on it today

 

Scaled out of $PCX today into this runup today 
 
sold at $25.73 , $25.74 $25.80 $26.03 , $26.06 , $26.16 and $26.24
 
Total profit on  $PCX was
$3,577 
 
( 2.43% 2.47% 3.62% 3.20% 4.32% 4.72% 10.63% and 12.47% ) 
Total avg 5.82%   — So how did I make this & analyze the chart from start to finish? 
Here's how i started this trade  :::::::::::: 

 

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Initially bought PCX on Feb 4th but left room to add more in case it dropped further down .. Look at the notes from the chart below

 

Then added more to my position once we had based on PCX on Feb 24th 

 

 

Finally sold today on PCX for a 2.24% to 12.47% return ( avg worked out to 5.82% ) notes attached 

 

Been a good week of profits so far for me as I also sold a few other swings on $BUD $IMAX $YHOO $AAPL & now $PCX

Total for the week so far :: $9,545 so pretty good start from March 1st 

 

if you have questions feel free to pop into the Saturday session tomorrow March 5th  link to register will be posted on twitter later today :

REMINDER : Free Saturday Chart & Chat session tomorrow March 5th 12noon-2pmEST with @stockguy22 http://bit.ly/g3iwJJ & Free #tigerblood

Hope you found this analysis helpful :

 

Stockguy22 

Enjoy your weekend 

 

 

 

Posted in General Trading