Backtested Symbol: ALXA
Strategy: Pennystocks100 (5 min chart)
Period: Jun 24, 2010 - Jun 24, 2011
# Win: 1
# Loss: 0
Winners: 100%
Profit-Loss%: 3.05%
Friday, June 24, 2011
Trading Alert for 6/27/2011
$ALXA - symbol we will be trading on Monday. Extreme action at market close today was more than just re-balancing, I think. Volume attracted my attention and I checked its weekly chart which looks really good and ready to explode. $ALXA did not join the recent market sell off and weakness for the last couple of weeks, which is a very bullish signal. Seems like it is looking for a spark to break a long term resistance at ~$1.80. Action today may actually indicate that the breakout started and it is right time to join the party. $ALXA may pull back at market open on Monday which would be a very good entry opportunity. But it is more likely to open higher and run pretty fast, so I plan to react quickly at market open on Monday.
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Really appreciate you doing this! I am learning a lot.
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