Monday, November 22, 2010

Chart of the Day

Let's make it Chart(s) of the day today with the charts being IRF and ATML. They are both very similar looking setups. Both these stocks gapped up recently and have consolidated nicely since then. After around a couple of weeks of trading, they are both close to testing the highs of the breakout move. Both the stocks were in a strong uptrend before the breakout move. Rather similar looking charts, aren't they? I happen to be in both of them. Been in ATML for past few days and took a position in IRF today, which happened to be in the watchlist posted over the weekend.

Take care and good luck!

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