Failed Pattern - ManTech International Corporation
The first chart of MANT is the daily timeframe. The main take away here is the failed triangle pattern which resulted in a fast move lower. The longer term trend line held as support in early trade this morning so I took it long.
The 15 minute chart shows a bearish pennant on Friday. Lots of slippage as this stock is not liquid. This morning's tweezer bottom was an invitation to go long as it lined up nicely with the longer term trendline on the daily chart. It carved out a C&H pattern midday, but failed.
CNQ, from my watch list was a
HCPG newsletter pick. Lots of winners from last night's letter. IB just above R2 - long on break of outside bar. I didn't manage the exit well here because I was trying to do two things at the same time. I ended up missing my short on RIMM and botching my CNQ exit.
AFFX earnings warning hit the wires seconds after the close. A big winner for me AH. CROX also warning AH (stock was halted so no trade) and could test all time lows very shortly.
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