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TradeForGain.com

let’s discuss important aspects of trading such as discipline, money management, psychology, setups, etc.
May 1st, 2008

Is Magna International (MGA) getting it’s groove back?

2008-05-01 102512-C.MG.A - OHLC 6m6d_1d

Any other volume clues? The CandleVolume chart below shows the volume is still weak on the upside (not too many believers yet)…I’d interpret as pure short covering at this stage (I would cover).

image

Let’s keep an eye on it.

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This entry was posted on Thursday, May 1st, 2008 at 9:30 am and is filed under trading ideas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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