Category

trades

07.01.08

Risky trades | Comments
I'm long Visa at around $79.50 because I'm short biased at this point and it offers a high-risk, high-reward trade on the consolidation pattern. I have traded in and out of the stock recently as it's oscillated and feel comfortable with this trade. I have a tight stop at above $78.00. I'd like to see a clean break above $81.50 (the upper trend-line) for some peace of mind.