Equity Oracle: 04/13/2012

The contigent buy and sell orders have been working well under the current market conditions so I think we will stick with this strategy for a while. As you can see from the daily chart of AT&T (snapshot above), the stock is in a well-defined trading channel. Today the stock filled a small gap that was left on Thursday leaving us with an unfilled gap to the upside, around the 31.50 price area. The instructions are to wait for a green candle to form before buying the stock and then once we buy it we will put our stop at the 29.54 price point.

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About AJ Monte

As a premier trading consultant, AJ is one of the most sought after in his field. He teaches professionals specialized techniques on how to accumulate and protect wealth through innovative market techniques. TheMarke__404+

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