FGD setups on multiday runners that now had several red days and created range to the upside. r/g on Fri will be near a whole/half dollar level and near significant support on the daily chart (former resistance now support - level where stock broke out from for second leg of the run.

Small trades, concentrating on getting entry near the support level and targets based on capturing 30% of the range.

Looking for an entry into the 9:45am window, avoiding the choppiness at the open and letting stock set some direction. Be mindful of stock going r/g in PM as this makes it harder to trade.

May take small position off for 5% gain if this will keep me more comfortable in the trade. Also will try not to panic if stock would dip briefly below the support level (not an exact science). 

 

$AMPG

entry 2.5 (r/g) - risk 2.25 25¢/share - range 2.50 to 6.0 (candles on 30M chart), capture 30% - goal 3.25 for 3/1 and 3.55 max goal based on 30% of range - risk $10 - 25¢/share -> 40 shares

$INTZ

entry 2.0 r/g - risk 1.80 20¢/share - range 2.00 to 6.50 (candles on 30M chart), capture 30% - goal 2.60 for 3/1 and 3.20 max goal based on 30& of the range - risk $10 - 20¢/share -> 50 shares