Simple Swing Trading Stalk Candidate: SXI 19 November 2015

SXI W 19 Nov 2015

Current Trend (W): Up

Abv/Below Value Zone: Above

Next Scheduled Report Date: 1 February 2016

52 Week High: $66.72

52 Week Low: $73.10

Current Relevant Resistance: $93.20

Current Relevant Support: $87.57 then ultimately $75.25
Recent Close: $89.94

Comment: SXI exploded out of a bullish tightening range at the end of October. It seems to be consolidating those gains at the highs in preparation to push on… Use a lower time frame to trigger a long trade using near term support at $87.57 as a stop

Have fun.

KIS,

The Trader

Leave a Reply