tradersams blog

Aquila Resources - open

AQA:  Opened a position in Aquila Resources today at $10.40.

Since the last bounce on the trendline about a month ago the share has moved up quite smoothly.  The retracement on friday when the market dipped was not as strong as some other stocks, indicating a bit of strength in this share.  The risk is measured to my usual ATR linked stop loss, however the steep trendline may provide some support.

I put a bit more time into Amibroker tonight – trying to get the hang of it.  I’ve got a bit of porting to do to bring my various customisations across from Metastock.  I’d say this may take a bit of time, so looking to return to full strength in a month or so…