06/23/2015 – Harman Intl Industries

Issued: 06/24/2015

Harman International industries:

1. Beginning the week of June 1 our outlook for Harman international was for an advance and test/attempt at $128/$29. Our original long entry was not triggered at that time. During the week of June 15 traders were advised to go long upon any daily close above $122.70.

2. Subsequently, Harman has moved sharply higher and completed the forecast $128/$29) upside target (swing high, $128.60). This successfully completes the trade. Will message any further entry or indication in Harman International industries.

David Williams

Issued: 06/21/2015

Harman international industries:

1. Beginning the week of June 1 our outlook for Harman international was for an advance and test/attempt at $128/$29. Our original long entry was not triggered at that time. During the week of June 15 traders were advised to go long upon any daily close above $122.70.

2. Subsequently, Harman has moved sharply higher, making Friday’s (June 19) recent swing high of $127.70 (against the $128/$29) upside target, so far.

3. Traders long from the above indication should exit partial positions at current prices (current price $126.05) if they have not already.

4. A protective sell stop should be placed at $122.50. This stop will continue to be moved higher as the market continues to confirm. Will update.

David Williams