There has been a short-term momentum shift in this stock. Following a swift pullback in the long-term utprend, the price recently rallied aggressively, erasing the last leg of the pullback. This could indicate the next up phase is starting. Target is fairly aggressive for a short-term trade. If there is a strong reversal near the target, just get out. Trailing...
Great reward:risk on the indicated swing trade. At the time of the trade there was some room before the price hit resistance. It is moving into the resistance area with strong momentum, so I don't mind holding to see if it can break through. Given the clear resistance level, if the price doesn't break through this time, will exit if the price moves close to the...
Great reward:risk. Long-term uptrend, and recent pullback could be near an end as the waves lower have been getting smaller showing decreasing selling pressure. Getting in for the next rally. Disclosure: long.
Strong momentum in this stock recently. Has been consolidating. Watching for a breakout of the consolidation to the upside. No position yet. Potential profit based on profit target is about 16%, although the reward:risk is weak at 1.7:1. That said, it is likely to be a relatively quick trade if it triggers.
Strong uptrend, with price recently pulling back. Recent consolidation breakout to upside signaling the next up move could be underway. Decent reward:risk, even using the lower of the two targets. The higher target, or a trailing stop loss, will be used if the price rallies aggressively in the next several sessions. If it is meandering or slow, will get out at the...
Relatively straightforward swing trade in PBL.To. Stock has been in uptrend and recently pullback. On May 7 it broke it out of a consolidation to the upside, indicating a potential continuation of the uptrend. Reward:Risk is great at close to 6:1. Approximate trade levels marked on chart (my exact trade levels may vary). Finding and trading stocks is covered in...
This trade has not triggered yet. Uptrend, but currently in a pullback. Would need to see the price break above the current consolidation to provide some evidence the uptrend is continuing. Reward:risk is approximately 3:1. GCM.TO is in a similar position. Ultimately, for either of these stocks to really make a big move we will want to see silver and gold...
This one has been on the watch due to its strong uptrend recently. The pullback, followed by a consolidation and upside consolidation breakout, setups up a potential long trade with a 3.4:1 reward:risk. Target is conservatively placed just above prior high. The entire trading strategy, as well as other strategies and how to find trades is covered in the Stock...
Based on COT data, this is THE most pessimistic speculators have been on silver in the last decade. Even more so than during major multi-year crash prior to 2016. Speculators are amassing short positions, which they have not done in more than a decade, and the price is no longer dropping. To me, that is a contrarian bullish sign. COT positions are not a timing...
Timber stocks continue to march higher. WFT and IFP also doing well. WFT has been on the swing trade list a long time. After the recent pullback, looking to catch another wave up in the uptrend. 3:1 reward:risk based on reasonably achievable target. Low volume. Careful. No current position in this one.
Strong uptrend recently. Consider purchase near triangle support. Looking for potential breakout to upside in alignment with uptrend. This trade is more of a trend trade, buying near support, than a triangle trade since it does not involve waiting for the breakout. Volume is very low! No current position. Just popped up on the screener list. On initial...
Long-term uptrend. Price forming a rounded bottom. The price has tried to move lower several times already and couldn't, so the move up today looked like a decent trigger to get in. Also, prior rounded bottoms in this stock have only given one opportunity to get in. 3:1 reward to risk. Keeping target near prior high, which is quite conservative. If moving well,...
This one already triggered long. Late publication. Short-term trade, with the price having some room to run within the channel. Long-term uptrend. Bounced off channel base. 3:1 reward:risk. ATR Stops could be used a trailing stop loss, but given that the trade isn't likely to last too long, prefer just letting this one hit the SL or PT.
The same bearish pattern is playing out on the TSX, S&P 500 and DJIA. When there is a very sharp selloff it is typically followed by a pullback to the upside and then another leg down. That second leg down sometimes stalls at the prior low, but can also scream right through it. The pattern only looks at the first two legs down. If the price makes a lower low,...
Stock has been strong to the upside, moving favorably on prior trades. Price is ranging again after a strong run up and moving higher off support setting up another good reward:risk trade.
Watch for a breakout from this triangle pattern after a strong rally in 2017. Technical target between $1.85 and $1.95 if the upside breakout occurs. Company has always traded quite cheaply in terms of P/E as it carries a lot of debt. So mostly this is a technical play, if it can break out again to the upside.
Long-term uptrend. Recently pullback, but snapped out of it aggressively, rising above the pullback trendline. I have been in this one a long time... since it came out of the rounded bottom last year, so I didn't trade the new signal. Will get out if it drops back below $57.75. If it keeps rising, will use the ATR Stops to get out with a trailing stop loss, as...
A lot of upward momentum. Waiting for a break above the trendline. Like the ATR Stop exit on this one. Had looked at this one before during the consolidation of Dec/Jan, but no trade yet.