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Posted:
Tue April
26th
2005
- 7:25pm
EST
 Stock
CHART of the WEEK: CME
Play:
2-Day High Open Range Breakout
This
looks to be a volatile stock for either day or swing trading.
Let's
see the technical trading signals revealed in CME's chart:
FOR INTRADAY TRADING:
I
will be looking at a long intraday trade if CME breaks out over 192.7+,
anytime during this next week, with a max stop at the 191.9. Trailing stop
value of 0.8
I will be looking at a short intraday
trade if CME loses 187.5- ,
anytime
during this next week, with a max cover stop at the 188.3. Trailing
stop value also of 0.8
Here's
the CME chart, 2-day:
FOR
SWING TRADING
(2 to 10 day round trip):
I
will be looking at a long swing
trade if CME breaks out
over 195.5+,
anytime during this next week,
with a max stop at the 194.5.
Trailing stop value of 1.2
I will be looking at a short swing
trade if CME loses 182.7- ,
anytime during this next week, with a max cover stop at the 184.0. Trailing
stop value also of 1.2
Here's the CME chart, 10-day:
HERE'S
THE STORY:
CME gapped up on April 26th (exchange
buyout news) and is likely to
be a volatile stock during this
upcoming week. I've annotated my
papertrading plays above. Do not
make actual trades based on this
information, it's for papertrading/technical
trading educational use only. Thanks,
and watch!
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