Saturday, May 7, 2011

YOKU - 5/6/2011 (Long)

YOKU - 5/6/2011

Here is my first trade on this China internet stock YOKU that went IPO last December. The setup is based on the bounce off support trendline and the 20 EMA. A swing long position was initiated on 5/6/2011. Click on the image to view the commentary and the various exit levels planned for this trade. I will post updates for this trade as it moves along.




Disclosure: long on YOKU.


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