I can't believe I missed this!
Two nice trades, possibly three in EWZ today. Argghhhh...
I will have to keep my eye on EWZ from now on.
Trade #1 - Stock gapped down and dived lower to $69.40 but then bounced backto $69.80 at 10am on big volume. That was the buy trigger! $69.80 EWZ then soared to resistance at $70.80 by 11:10am. An nice $1 gain, that could have been as much as $1.40 or 2% on that move!
Trade #2 - After drifting down from resistance, EWZ based for about 2 hours between $70.30-$70.40, but then when traders got back from lunch, it took off again. Nice $0.40 gain.
Trade #3 - This one was probably a long shot, after hitting resistance noted in trade #2, the stock drifted down to the $70.50-70.60 area where it based for about 30 mins before resuming its upward move, peaking at $71.10 at 3pm. Tough move to capture as the volume spike occured at 2:45pm which moved the price to $70.90 very quickly.
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