MER Trade
By Johns Wu on Jan 11, 2006
Throughout the day, I bought some calls in MER, Merrill Lynch & Co. Inc, because of its strong follow through after an upside breakout out of a consolidation period.
The OBV is bullish and the MACD is turning up. Also notice that the daily volume is increasing in the runup. I’ll be monitoring this position closely.
This entry was posted on Wednesday, January 11th, 2006 at 3:11 pm and is filed under Annotated Analysis.
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2 Responses to “MER Trade”
By Space4u2go on January 12th, 2006 at 1:16 pm
Check out F (ford) stock, it is retracing to 38.2% and can prove to be a good buy once it touched the line, also the MA(10),EMA(20),EMA(30) is crossing over, I believe it would be a good opportunity to enter swing trade probably tomorrow EOD.
Remember the “bow tie” scan I was talking about… :)
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Great decision to buy those calls. I know you and I invest in different ways, but I see the entire brokerage group higher for at least the first half of the year. I bought some AMTD in the 23-24 region and they have done nicely, as well as some Goldman Sachs this week.
I think MER could go to 90 by June, and the Fed ends its cycle.