Placed GTC @ 21.50. Maybe a little early, but I'm willing to place a bet today. If I'm totally wrong, I think we should at least get another shoulder, giving us a target, or a chance to get above breakeven. Good luck.
Comment
⋅
If red candle closes below the 50, consider exiting the trade and re-entering if it comes back across.
Comment
⋅
referring to 50 on the daily.
Comment
⋅
Bears are making me feel like I should get out right now. I'm conflicted because I'm aware this emotional state is the one that you feel right before the bulls come in to break the tension. I don't like this one.
Comment
⋅
Vuzi is having a good morning! I'm way too interested in this one stock, but nice to see the morning star reversal pattern. Go vuzi!
Comment
⋅
Moved stop to 19.95. If the morning star is true we won't test the new low for a week or more I would think.
I hope the bulls come in to break this out. My gut feeling is telling me to run. I’m going to give it a little more time to turn back over before I make the call.
emehoke
⋅
@cmo0206 same, I think the bulls can’t agree on an entry point yet.
cmo0206
⋅
I have another one almost like this one that need some help on the analysis. Have you ever looked at ORGO before?
emehoke
⋅
@cmo0206 I didn’t look long, but I see a double peak that would disqualify it from my buy setups. What are you seeing?
cmo0206
⋅
Well I have been looking at the overall channel really it’s been in for quite a while. It hasn’t been outside either way until today and now through the bottom of it on daily. The MACD looks to be just getting ready to cross back over the top. Just wanted someone with a lot more experience than myself to peak at it! Haha!
emehoke
⋅
@cmo0206 i see it is strongly bullish, that’s a good thing to stack the odds in your favor. The formations are easy for me to spot and take notice of so I weigh them into my analysis. How long have you been trading for?
cmo0206
⋅
About 4 months maybe a little more. I’ve been doing a lot research on patterns and and charting but really eager to learn what I can!
emehoke
⋅
@cmo0206 nice way to stick with it! I have only been doing stocks for 1-2 months. I’m getting proficiency with charting basics, but using anything else like earnings or correlations to understand the bigger picture is not my strong suit.
cmo0206
⋅
As a matter of fact speaking of earnings. I have an investment in Nucor that has an earnings call tomorrow. I am looking for good things to come out of that. Estimated EPS is 3.05 which they will probably surpass which will be a good thing. I’m bullish on the company though because one of their plants is close to where I live and the company has done well for a long time. It was upgraded today by an analyst as well as the price upgraded. They are the largest steel recycler and producer in North America. I know people that have worked their for 40 years and have bought stock automatically every week from their checks. They have retired now and never touched the stock the entire time they worked their even through the ups and downs and splits etc.. Their stock alone not including their retirement when the retired was worth millions. They retired very wealthy people. I guess that’s why I’m bullish on it because I know what the company is about.
emehoke
⋅
@cmo0206 I have heard that story before. Nucor has been an absolute missile since the coronacrash. If I was a millionaire I would cash out and move to a warm island. But, I’m not even close so I will continue to speculate.