I love the way the ticker FUQI rolls off the tongue. Thanks to Stewie for giving a heads up on this mover. The entry couldn't have been any more on time. A classic example of an impulse, consolidate, impulse move.
My target to the upside ($17.20) was based on previous resistance.
The setups I include on this blog are used in conjunction with the 3/10macd and the criteria I ascribe to it as a way to alert me to an existing condition of price. The key concept to take away from this blog is that I try to anticipate what will happen on the higher time frame by using a faster time frame to trigger the trade setup. I do not trade a "system" I use two indicators to clue me in to price conditions. Please read the Disclaimer located in the sidebar of this site. I can be contacted via email at firstname.lastname@example.org
I am always open to questions, comments, or suggestions on how to improve this blog.