Equity Oracle: 08/07/2012

Huntsman is up 6.25% since we bought it last week making this the 4th week in a row where we’ve seen a green candle. I’d stay in the stock if the volume was increasing but it looks to me like the stock may pull back from the short-term resistance before making a move to break out into new highs. It’s not such a bad idea to take profits on this one and wait for the next buy signal to get back in. This is a stock we can trade for a while as it moves within the trading channel.

The video I’ve produced for you will explain more about the channel trading strategy I have in mine so make sure you review all of the material before you committ yourself to the next trade in HUN.

Watch this week’s video »

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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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