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Trade In MFN - The Good And The Bad

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September 20, 2011 – Comments (0) | RELATED TICKERS: MIEFF.DL

I managed to jump into Minefinders Corp (MFN) on two separate occasions today. The first attempt I was stopped out after getting in at $18.24 and getting out at $18.03. However, just because you get stopped out once on a trade, doesn't mean you can jump back in it again later on, if it manages to retest and break through that level again, and that is exactly what (MFN) did today. My second trade in this stock was at $18.31. It is trading higher at this point, and will look to close the trade out by the end of the day.

I've provided below two charts on MFN - the first being the daily chart, the second being the 5 min chart.

MFN Charts 

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