Citrix Revealed
Hi there,
During my last post, I put in a QUIZ TIME section in regards to Citrix (CTXS). Did you have the chance to look at it? If you did, congratulations and tap yourself on the back. If you didn’t, why didn’t you? Did you procrastinate? You have to realize that trading is a skill. In order to get better with such a skill is through practice and repetition. Did you know that I haven’t received a single comment in regards to CTXS? Very interesting actually.
Nevertheless, this is what CTXS did:
Citrix formed a reversal pattern called: DOUBLE TOP.
When it broke the neckline at $33.70, CTXS dropped almost the same distance from the neckline to the top of the second top. As of today, CTXS’ low was $31.60. Note the daily volume of CTXS also. It will be very interesting to see what CTXS will do tomorrow.
Question for you:
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Where would you have bought?
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Where would you have sold?
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Where would you have put your stop loss/es?
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Where would you have put your exit strategies?
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What trading plan would you have created?
I would love to hear your comments! Please feel free to put your comments at the end of this post!
Also, remember that we are going to have our first alumni meeting on June 25th, 2008 from 6:30 pm – 9 pmish. We are going to have Brandon Windell as our special guest so, take this opportunity and come along!
Take care and happy trading!
Best wishes,
Reynaldo Soriano
Tags: commodities, day trader, equities, forex, futures, momentum trader, online trading, options, position trader, share trading, swing trader, technical analysis, trader, trading, trading psychology
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