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| NWK - CHART OF THE WEEK | Published: 15/12/07 |
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NWK - Chart of the Week
NWK Short Trade
NWK gave us a short trade this week that worked like clockwork! The end of last week NWK gave us a rebound that retested its previously broken support (now resistance) and formed a small harami pattern. Monday gave us the only up day of the week with a small hammer candle. Tuesday formed a small bullish engulfing pattern right where we wanted to see it, gapping up to resistance, and we watched the bears take over. The rest of the week gave us a three day short trade that gave us over 20% profit in three days!
To give your trading a "kick start" and learn to find trades like this before they happen visit http://www.candlestickcourse.com
Until next time,
B.M. Davis
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