Yesterday, we identified CSCO, ORCL, ATML and QCOM as buy setups on a swing trade basis.
If you are long any of these stocks, your stop loss should be moved up to an area around yesterday's low as we see if these can go up one more day today.
Again, the initial upside target is a test of the swing high where the pullback started, but there is no guarantee that it can actually get there. If you own it now, you're interested in defending against a lower high that forms on a test of top that is followed by a reversal to the downside.
That's all you have to do today -- ensure that your capital is protected, and be on the lookout for an elegant exit.
04.01.27 09:10 #