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ISLN a Classic "Nicolas Darvas Play"

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July 27, 2010 – Comments (0) | RELATED TICKERS: ISLN.DL

This is a classic set up that Nicolas Darvas (old school 1950's trader) constantly spoke of. Check out the volume supporting the breakout, and the subsequent light volume pullback that, maybe, just maybe, will bring this stock back down to the breakout level, which would offer a very nice risk/reward setup. In any case, I don't recommend buying this stock right now, as it appears to have a little more downward momentum left in it. Instead, wait patiently for it to get to the upper-end of the box, where you can minimize risk the most.

Here's the ISLN Chart

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