Trade Signal EXM_020110

Buy trading signal triggered on EXM on February 01, 2010**.
EXM- Buy signal triggered on EXM on February 01, 2010*
Trading signal for 60 minute price bars
Buy price: $5.96
Sell stop price: $5.70 LEVEL HIT – February 4, 2010
Short term profit level: $6.77 LEVEL HIT – April 15, 2010
Long term profit level: $7.42 LEVEL HIT – April 29, 2010
Current Google® Finance Quote

exm_02_01_10_buy_signal.png
Trading Signal Buy Chart

exm_02_04_10_sell_stop.png
Trading Signal Sell Stop Chart

Todays sell stop could have been triggered due to the broader market sell off. This level may have been traded regardless, however it is important to recognize that even in this sell stop chart shown the divergence between a wave 3 and wave 5 still has not been broken with these new price lows. Our near term sell stop was conservative to protect from losses, but look for the price targets or uptrend potential to stay intact if the MACD does not create a new wave 3.

EXM is breaking out of a long term down trend any weakness should be bought with appropriate stop loss limits for your trading time frame. exm_04_15_10_profit_level.png
Trading Signal Short Term Profit Level Chart

EXM has broken its long term down trend. Look for any pull back towards 6.30 and possibly 6.00 to buy back in if you are not staying long with the trade. Image- exm_04_29_10_profit_level.png
Trading Signal Long Term Profit Level Chart

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By SSTtrader | February 1, 2010 | Trading Signals |