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.

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This entry was posted on Wednesday, January 11th, 2006 at 3:11 pm and is filed under Stock Charts. You can skip to the end and leave a response. Pinging is currently not allowed.

2 Responses to “MER Trade”

By Ken on January 11th, 2006 at 8:38 pm

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.

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… :)