I have entered UNIVISION - UVN

How to view the entire chart:


1. Try clicking on the name of the most recent article in the column on the right. This will remove the "Archives" list.
2. Try right click on the chart itself and open it on a separate window.


I am sorry that I cannot always make the chart small enough to fit neatly on the left column. I want you to be able to see the details I want to point out.


I Hope this helps,


Juan

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UVN triggered my system some days back as they reported good earnings and gave good future guidance. The volume and price spike was good, but I felt that the stock was short-term overbought, and decided to wait for a pull back. I think that the retracement has been appropriate, so far.

Univision reaches the fastest growing demographics in the USA, and of which I happen to be part: the hispanic population. I think that Univision is a terrific company and I DO like their news very much. BUT don't let that influence you, the T.A. looks good for a trade here.

The RET analysis is good and shows a target of about 40 by mid May, perhaps better then 40, perhaps sooner than May.


The retracement was less than 50% of the rally and the Stochastics is giving me a buy signal, so I am happy with this as a goo entry point. My stop loss is at the 61.8% retracement, at about $32.5, midway through the gap.



Here is the trade I have entered: