Friday, December 31, 2010

FBC

Here is one a friend put me on to. FBC is a small cap bank that just broke thru a gap window (1st blue line ). It also is in a bull flag pattern as shown in red. A break of 1.65 it should run to 1st target 1.83 then potentally to gap fill (top blue line) at 2.25
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3 comments:

  1. SteeliemaxJanuary 4, 2011 at 7:22 AM

    Now that the 1.65 resistance has been broke it now becomes support. Should this market break down and we go below 1.65 I would have my stop one cent below and protect any profit or chance of big loses.

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  2. SteeliemaxJanuary 6, 2011 at 4:48 AM

    In premarket sold 1/2 position at 1.90 of FBC because 1st target of 1.83 was meet. That gave me 15% profit for a 5 day swing. Have a stop loss on the rest oft position of 1.8 so as to not lose any gains made so far.

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  3. SteeliemaxJanuary 6, 2011 at 8:01 AM

    Got stopped out of my second 1/2 position at 1.8 still a 9% gain for a 5 day swing.

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