Check out this trade on DNDN. The graph is from TDAmeritrade so it’s not consistent with the other images of charts on the site, but it was a pretty predictable move during today’s session.

The ridiculously huge yellow blobs show entry and exit points at about $6.72 for the entry and $6.90 on the exit. That is about an $.18 cent profit per share and while it’s not much, i feel this was a relatively safe trade and you can’t beat that.

The setup was based on a symmetrical triangle. While it looks very close to being a bearish descending triangle, the bottom support is actually slopping upwards. Giving consideration to the over all upward trend of DNDN for the day and the first low just after market open i think it is safe to consider this triangle symmetrical.

I chose the break out of the triangle as the entry point. Further confirmation was given by the Stochastic cross just before the break out.

My sell point choosen based on the consolidation that started happening around $6.90. Better to lock in some returns IMO.