Equity Oracle: 02/08/2012

Trading the triangle is one of the safer strategies to use because you are buying a stock after it has shown signs of strength. This is a contingent buy order that is only executed after the stock has broken out of the triangle pattern. Once you have taken a long position, you would then set a sell stop just below the line (see chart) giving you protection to the downside. The instructions for this trade can be found on page two of this week’s report.

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AJ Monte

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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