MajorHunter
Long

DEO, NYSE due for meanreversion LONG

NYSE:DEO   DIAGEO P L C
58 1 1
Diageo Plc             had a nice gap down 2 January that moved the stock into oversold territory based on Quant based approach that I have used for a very long time. I have traded US stocks under certain criteria with live recommendations since last January 2014 and until late autumn with fantastic results that I will publish here shortly. The approach is simple and based on testing from both ETFs and especially SPY             back many years to get the quant basis for this setups. I will also publish these results shortly.

Today this stock is one of the promising candidates. I recommend going long on the stock primarily on the close we had on 2 january. But often you will get even better setups going in the following day. You can either enter market (regardless if price gaps up or down or opens at Fridays close.

I have tracked the results with best results going long the following day of the signal on daily setup with either enter at yesterdays close or better or preferably at a limit 1% below the setup bar.
Stop and target is dynamic. That means I have both stoploss and target at CLOSE above 5 MA on daily. If you would like a faster partial exit you have multiple choices for that. I suggest if you want to use partial exit to look for exit on close above 50 CRSI or 70 CRSI. My prior setups that I have logged have all been based on exit on 5 MA.

I have already posted several of these setups already. I have to add that some of the earlier published setups have not has as strict filter setups as this one that is based on my proven system.

SETUP:
Long at 112,24 or better OR Limit 1% below 112,24
Stop 5 MA
Target 5 MA ( Optional: Partial exit @close above 50 CRSI or 70 CRSI)

REACHED TARGET: Another winner 8 January.
MajorHunter
2 years ago
Reached TARGET: Another winner is taken from my setups today 8 January.
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