Trade Signal MPEL_102010

Buy trading signal triggered on MPEL on October 20, 2010**.


MPEL- Buy signal triggered on MPEL on October 20, 2010*
Trading signal for 15 minute price bars
Buy price: $5.33
Sell stop price: $5.22
Short term profit level: $5.70 LEVEL HIT – October20, 2010
Long term profit level: $5.95 LEVEL HIT – October21, 2010
Current Google® Finance Quote

MPEL buy signal-mpel_10_20_10_buy_signal.png-MPEL is up 20% since the 4.76 price level which is a possible prize zero point of parent wave 1 of wave 5. This was speculated to be the launching point for MPEL towards a short term price point of 6.20 and perhaps a long term price point of 7.20.
Trading Signal Buy Chart

MPEL buy signal-mpel_10_20_10_profit_level.png-MPEL traded to the short term profit level in one trading day. A 7% move.
Trading Signal Short Term Profit Chart

MPEL buy signal-mpel_10_21_10_profit_level.png-MPEL traded to the long term profit level for this trading time frame
Trading Signal Long Term Profit Chart

Tagged on: