July 25, 2011 2:41 PM | 1 min read
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Shares of BIOLASE Technology (NASDAQ: BLTI) are jumping higher today; currently, shares are up by 14.37%, trading at $3.98. The stock has been meandering lower after a small gap higher, but has found an influx of buy volume within the past 30 minutes. BIOLASE Technology has been trading lower for the past three months and was (still is) vastly oversold. Given the 28.72% short interest, you can expect this move to see some follow through. Shares could easily test $4.50 in the next week or so; if they hold the level, $5.45 could be in play as well. BIOLASE Technology Inc. is a medical technology company. The company designs, manufactures and markets dental, cosmetic and surgical lasers and related products.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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