Friday, October 22, 2010

These are the set ups I dream of....

ANTP popped up on my screens on the 13th of October after announcing quarterly earnings. Over the next 6 days, ANTP coiled beautifully forming a pennant from which it broke out today. Here is what the chart now looks like (white lines indicate the set up).

ANTP is now up over 13.5% on the day after being up as much as 24.6% earlier in the day. It offered a nice easy entry above the two day high with a stop loss below yesterday's low. These trades taken over and over can multiply small accounts many fold!

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