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About me Just an Old Folkie who trades a bit
Joined Canada
Markets Allocation
100 % stocks
Top Mentioned Symbols
REN 40% | 4 CVX 20% | 2 TSO 20% | 2 WFT 10% | 1
oldfolkie oldfolkie RUS, D, Long ,
42 0 0
RUS, D Long

From an Eve and Adam bottom signal, RUS has now moved to a Bullish Flag formation. A breakout above the top of the flag should indicate at least $31/32

oldfolkie oldfolkie WFT, D, Long ,
37 0 0
WFT, D Long

Breakout from symmetrical triangle. MACD turning. Good potential for at least going to double top level

oldfolkie oldfolkie REN, D, Long ,
76 0 0
REN, D Long
REN multiple signals

This week REN is giving several signals. Thursday there was along legged doji followed on Friday by a bullish hammer at the 200 SMA line. (colour doesn't matter and it requires no confirmation candle). It also appears to have made a cup and handle pattern. Lastly no matter what the close price is on Monday the 50 SMA will cross the 200SMA .

oldfolkie oldfolkie CVX, D, Short ,
88 0 0
CVX, D Short
CVX breaks down

This week CVX broke down from its retracement. On Tuesday there was a shooting star, followed on Wednesday by another candle forming the double negative of a tweezer top with dark cloud cover. After bad earnings on Friday it created a breakaway gap. The last three down moves (head and the two shoulders are around $12 each time in about 25 days. I am looking for a ...

oldfolkie oldfolkie TSO, D, Short ,
69 0 0
TSO, D Short
TSO Going down?

TSO retraced to the neckline of its Head and Shoulder pattern last week with two attempts to break the downtrend line resulting in Shooting Star doji. On Thursday it made another attempt also resulting in a shooting star doji. This would indicate a downside move, which if past history can be relied on, would mean a 30 - 35 (trading) day move to $35.00 and possibly ...

oldfolkie oldfolkie REN, D, Long ,
57 0 0
REN, D Long
REN continues

REN continued its reversal from its lows after breaking out of a rounded bottom pattern. This week it quickly went through the $10.00 resistance area, a down gap from April, and confirmed the break through the long term trend line It is now is going to but up against the $11.00 /$11.50 area where it will probably meet more resistance. If it breaks that the next ...

oldfolkie oldfolkie TSO, D, Short ,
88 0 0
TSO, D Short
Head and Shoulders Top

This week I have posted two Oil stocks that have Head and Shoulder Tops TSO and CVX. TSO is probably a week behind CVX at this point. The H&S pattern is the most recognizable and ranked as Number 1 pattern for accuracy if all the requirements are met. TSO is showing all except the last requirements and so you may want to place this on your watch list as they may ...

oldfolkie oldfolkie CVX, D, Short ,
94 0 0
CVX, D Short
Head and Shoulders Top

This week I will post two Oil stocks (CVX and TSO), both appearing to meet the requirements for Head and Shoulder tops. You may want to put them on your watch list. This pattern is the easiest recognized, but can turn into an Acc/Dist pattern if the classic rules are not met. Beyond the H & S pattern he first rule is an uptrend line is broken as this did in June. ...

oldfolkie oldfolkie REN, D, Long ,
96 1 1
REN, D Long

This is an update from last weeks chart where I identified some repeat patterns in REN from last year. This week it again repeated the Bull Flag and breakout as last time, and has now got to a resistance / consolidation area. I expect this to also repeat as Oct 19 options expiry will hold it around the $10.00 level (Market Makers do not like you to win). Some ...

oldfolkie oldfolkie REN, D, Long ,
99 0 0
REN, D Long
REN Rounded Bottm

This is the second rounded bottom at the same level within a year and the last one resulted in a 33% increase in price. This week it broke out of an almost identical pattern and history "may" repeat itself. REN has warrants around 35 cents which may be a cheaper way to play it.

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