Nasdaq Stock trading Opportunity SFM

22/03/15 – The setup for this Nasdaq Stock trading opportunity on SFM is moving towards a low probability  trade with the Elliott Oscillator staying beyond the 140% line.  At this moment I am going to cancel my order for this potential trade as there are 7/9 indicators in the green and I have many trades open and will only want to add high probability trades with 8 or even 9 out of 9 of my setup indicators.  Chart as Below.

nasdaq stock trading

13/03/15 – This setup has struggle but has now found support at the Fibonacci 0.5 Retracement level but has broken the 140% line on the Elliott Oscillator. There are now 7/9 of my indicators in the green and if entry is acieved there will be 8/9 with the 6/4 MA High being crossed. I have adjusted the order to compensate for the new data – Stop Buy Order @ 35.96 with the Stop Loss @ 34.08 and the Initial Take profit Limit Order @ 41.00.  Chart as below for the updated entry on this Nasdaq Stock trading opportunity on SFM.

nasdaq stock trading

08/03/15 – A strong setup for this potential Nasdaq Stock trading opportunity on SFM with 8/9 of my indicators in the green.  The Wave 4 profit take pull back has found support at the Fibonacci 0.382 Retracement level taken between Wave 2 and Wave 3.  this support level is strengthened by the TJ’s Ellipse and the fact it a previous support and resistance level for the Wave 3.  Despite the negative US session on Friday, this stock’s price had a positive day closing near the Daily high and showing signs that the Wave 4 could potentially be over.  Obviously with the current market volatility I am still looking at conservative entry strategies and this Nasdaq Stock trading opportunity on SFM is no different.  Stop Buy order @ 36.22 which is comfortable out of the Trend Channel for Monday’s bar position (blue vertical line) and above the Fib 0.25 Retrcement level.  Stop Loss @ 34.39 and the initial Take Profit Limit Order @ 40.50, giving a Risk to Reward Profile over 1:2. Charts as Below for the setup of this Nasdaq Stock trading opportunity on SFM.

nasdaq stock trading nasdaq stock trading SFM#2osc

paul.bratby@hotmail.com'

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