No trade yet. Waiting for a breakout above the trendline. A lot of recent movement and looking for a continuation if the price breaks above the consolidation formation. Can use ATR Stop for exit. Upon close below, move stop loss to just below that day's low.
Watching this one for a consolidation breakout. Could drop a bit more, and then consolidate again. Either way...expecting a long trade fairly soon. On the 'Watch Close" list due to a lot of recent momentum and recent price consolidation.
Coming out of a rounded bottom. Watching for further upside. Consolidating recently. Watch for breakout above consolidation, or buy during consolidation. Extended consolidation often have a false break out the bottom before moving higher. Be prepared that...if false breakout occurs, can also be used as entry signal to get long. Can use target or ATR Stop as an...
A lot of upward momentum. Watching for a break above this consolidation. No trade yet. Consolidation could continue for a while so no exact stop loss level yet, but if the long trade triggers it will go below the consolidation. Like the ATR Stop trailing stop loss exit on this one. Wait for a daily close below the ATR line, then move stop loss up to just below...
Cogeco has been growing earning for the last several years (with the exception of 2016) and the growth is shown in the strong rising trend. Over the last year the price has been rising strong within a channel. The recent pullback has pulled back toward the bottom of the channel. THat in itself that just alerts me that the price may be in a possible trade area....
Strong recent uptrend in Western Forest Products. Following a decent-sized correction, we are seeing the first short-term signs that the pullback may be over the next up wave is starting. Target is based on a price rallying slightly above 2015 and recent highs, which should spark a bit of interest. Target is fairly conservative though as this stock can trade...
Long-term uptrend and transitioning back to upside after extended pullback. Reward:Risk is close to 4:1 based on a conservative target. Can also use ATR Stops as a trailing stop loss. When price closes below line, place stop loss just below the low of that day.
Triggered a few days ago, and also a couple times over the last several weeks. Long-term uptrend and transitioning back to upside after pullback. Low volume lately. Which is why I waited to post this one until it was a ways away from my entry point. But for those who know the strategy, there has been lots of opportunities to get in. A conservative and...
The false breakout in this stock is short-term bullish and could push the price toward the top of the bigger channel. Buying near channel support is preferred in this stock since the long-term trend is up. Gives the option to get out near the top of the range or see if the price breaks out of the range to upside over the longer-term. Can also use trailing stop loss.
The bigger pattern looks a bit toppy due to the latest pullback erasing the entire last wave up. Still a big uptrend though and potentially upside momentum left. The price also had a false breakout below the March low. That's short-term bullish. Using conservative target for this one, but can also use ATR Stops--Wait for a daily close below, then move the stop...
Long-term uptrend in this one. Had the pullback followed by a sharp push higher in October. A move like that (relative to the other pullback waves) often signals the low of the pullback is in place. Price is riding the short-term rising trendline which is one place to consider an entry. Looking for the price to break above the short-term consolidation. Targets...
Short-term momentum looks to have re-aligned with the longer-term uptrend. We had a deep pullback into late October, but the price doubled bottomed there and had a sharp recovery after. Looking to capitalize the short-term rally which could unfold into a major upwave. Target is conservative but has a great reward:risk. Can also use ATR Stops as a trailing stop...
SAP broke above a complex consolidation this morning. This is teh second trading opportunity within the last couple months. Like that we had a little false downside breakout recently which was followed by aggressive buying the last two days. Target is conservative and may be used. Can also utilize ATR Stops as a trail...if price closes below the indicator line,...
Too high of speculative interest on the logn side, and current trend structure, points to a decline into the $47 area. This trade has been become very crowded, and when too many people are long a decline typically follows. Near $47 it then likely becomes a buying opportunity again, assuming a buy signal occurs. A high peculative long positon is not a sell signal...
Based on the strong rally at the start of 2016, the long-term downtrend is over and a long-term uptrend is likely underway. The decline for the last 1.5 years has been messy, but so far it is just a correction against the prior rally. The long-term outlook still favors a rise above the 2016 high...but in the short-term expect some pain. With the price moving...
Stock broke out of a consolidation this morning triggering the long trade. Long-term uptrend but stock recently sustained a deep pullback. The recent price action indicates that pullback could be over and another wave to the upside is starting. Conservative target is below early 2017 peak. More aggressive target is above that peak. Can also use ATR Stops--wait...
I typically like these types of patterns. Long-term uptrend, then a deep pullback, and then we start to see the transition back to the upside. I am not in this one yet. Will need to see if I get an entry signal around the $32.60 to $32 area. Stop loss below the recent lows. Decent reward:risk getting out around $42, which isn't outlandish....and get paid a nice...
Bit premature on this one, but watching for a rally back above $3.56. No trade yet. Like that the price made a big false breakout past the prior low, but then quickly recovered. Been edging higher since. If the price breaks above that triangle a target between $4.40 and $4.50 is reasonable. Also provide a decent reward:risk. If price keeps dropping, without...