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Author Topic: CNL
LanceJ
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Cleco Corp (CNL) has been great for swing traders. Check out the chart and article here:
http://www.traderflash.com/Articles/107.html

We want to time the swing on this one so it's not a buy right now. We want it to pull back to under $21.80, then buy, ride up to $23 or higher and sell.

Using the stochastic and MACD as confirmation, along with the walls of the uptrend channel, this has worked for all of 2006. Can it continue? I'm betting it can.

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Lance Jepsen
TraderFlash.com

Posts: 38 | From: California | Registered: Jun 2006  |  IP: Logged | Report this post to a Moderator
   

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