Perfect trade here on AUTH today as Fous Alert subscribers know i have been ranting about this stock for the past week on the watch list and its potential to make a HUGE rip because its forming up a very bullish FOUS4 pattern. The same pattern that has banked me $310,000 in over a year of trading.
AUTH made a few attempts last week above the breakout trigger @ $4/share that i traded twice but only for a day trade due to how volatile this market is and the DOW continued to slide heavily last week so i was very quick @ taking profits or stopping out if the market was flipping. Being able to day trade this market is a must as these stocks can switch directions SO quickly. So if you’re account is under $25k then i highly recommend signing up with my affiliate broker SURETRADER so you can bypass the PDT and unlock you’re trading potential. If your over 25k then come trade with me @Speedtrader .
AUTH is still riding the 13ema and has been ever since it hit that buy trigger @ 4 so this stock is still extremely bullish and doesnt have any physical resistance until around $6/share which is a gap fill resistance mark back in 2009. So this is a long term breakout which is why i was so bullish about it. But I opted for the first resistance mark to take profits @ $5/share as whole numbers are always an area where stocks tend to get sold at.
I banked a quick $2500 on this AUTH trade and it was all alerted in real time Live on FOUStv so you can watch and hear me talk about the trade as it happens in addition to getting the chat/sms/email alerts.
Below are Video Lessons #12 and #13 explaining in detail everything about this trade from entry to exit. Both explaining the FOUS4 pattern as well as the intraday patterns that im creating a whole entire new DVD about as we speak which is the HIGHLY anticipated FOUS4x2 DVD!