I picked up a cool 10% gain from her, and I exited today at 60c, reason being EMA 5 has been acting as a resistance. I like VBA, and I am just swing trading her at the moment.
Please don't hate me for it, uptrend has broken, with luck she maybe going sideway, recharge and go up again. But if we base on Fundamental, I like her. My target is still $1.00 by the end of 2010(fourth quarter maybe?"
I will wait for the next "Higher Swing Bottom" to get back in. She needs to close above EMA 5 which is 60c at the moment. My plan is to buy her back either a break of EMA5 and finds support on EMA 5 for a few days or go back in at 56c. For her to turn bullish, her stochastic has to come back up.
No adivce, just humble 2c.
Good luck everyone and safe trading.
VBA Price at posting:
59.0¢ Sentiment: None Disclosure: Not Held
