--> Trading Strategies Blog

Going into today’s session, we have added Alerion MLP ETF ($AMLP) to our official watchlist for potential trade entry. On the chart above, notice the clearly defined price resistance at the $16.60 level. A rally above the tight consolidation of the past several days would correspond to a breakout above this level, which would trigger our buy entry (see trade details in the ETF Watchlist section above). Our initial stop is just below the low of the breakout day from September 14, but we plan to raise the stop, at least on partial share size, as soon as this trade triggers for buy entry and starts moving higher.

Continue Reading...
Follow us on Twitter

Latest Tweets

@MorpheusTrading