Posted by: tyrannyoflogic October 8, 2011
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I think sprint is a sell, Sprint was all over cnbc today, it rallied because of the unlimited thing but then crashed because they had a conference or something that they would need to raise capital to build the LTE network or something....which is basically diluting
I would not even hit it unless it found support...if you look at the chart today...it was a continuous sell off all day long
KSS i think is a sell it hit resistance at 51.27 ...draw a trendline of the lows on the daily chart for support if you want to hold it for the longer term...but with markets like this I would sell at the top and buy at the pull back at the support on the trendline, if it held and bounced back
About strategy ...look for stocks that behave within the trendlines, As they say trade tickers not companies, I could care less what the company does and what their fundamentals are because it is beyond my expertise to analyze those fundamentals to the fullest extent and decide on a purchase price to hold it for the long term
Here's a watchlist I put up on this thread on sept 25 th , I m putting up annotated charts for following it ..(trendlines are just extensions of lows and highs on the daily charts ...)
tyrannyoflogic [Sep 25,2011 14:48] Some Trending stocks and some candlestick plays I found as I was going through Stocktwits (good resource)
ACOM sexy hammer
ARUN trending , Entry -pullback and hold support or trendline break
CBST trending, Entry - on pull back and hold support
or trendline break
FN same deal
LDK inverted hammer-seems like all the solars have found a bottom(might be a temp but still)...if FSLR rallies again, this and JASO and JKS are gonna pop with it would be nice for a decent intraday trade
MNKD pull back hold support line
STEC- pennant/triangle breakout, entry only after confirmation of broken resistance
TIBX -same deal as STEC
ACOM was the bullish hammer play at the bottom of a downtrend which is only a day or two , but it gapped up so no play
ARUN
$3 gain if timed right
CBST
same thing here...
FN
same deal
LDK was a hammer play ..couple of days bounce
MNKD same deal...as of today it is at the support line...if it holds that support and moves up its a buy , with stop loss at the support line
STEC is breaking out of the ascending triangle, pennant or watever pattern, i think its too late for an entry , unless it pulls back and shows some support..I put up STEC's chart but then that day it broke my stoploss...but then it rebounded and is off I guess...
TIBX ... same as the charts above
lots of easy money right there!!!!!!
Dont you think?
I would not even hit it unless it found support...if you look at the chart today...it was a continuous sell off all day long
KSS i think is a sell it hit resistance at 51.27 ...draw a trendline of the lows on the daily chart for support if you want to hold it for the longer term...but with markets like this I would sell at the top and buy at the pull back at the support on the trendline, if it held and bounced back
About strategy ...look for stocks that behave within the trendlines, As they say trade tickers not companies, I could care less what the company does and what their fundamentals are because it is beyond my expertise to analyze those fundamentals to the fullest extent and decide on a purchase price to hold it for the long term
Here's a watchlist I put up on this thread on sept 25 th , I m putting up annotated charts for following it ..(trendlines are just extensions of lows and highs on the daily charts ...)
tyrannyoflogic [Sep 25,2011 14:48] Some Trending stocks and some candlestick plays I found as I was going through Stocktwits (good resource)
ACOM sexy hammer
ARUN trending , Entry -pullback and hold support or trendline break
CBST trending, Entry - on pull back and hold support
or trendline break
FN same deal
LDK inverted hammer-seems like all the solars have found a bottom(might be a temp but still)...if FSLR rallies again, this and JASO and JKS are gonna pop with it would be nice for a decent intraday trade
MNKD pull back hold support line
STEC- pennant/triangle breakout, entry only after confirmation of broken resistance
TIBX -same deal as STEC
ACOM was the bullish hammer play at the bottom of a downtrend which is only a day or two , but it gapped up so no play
ARUN
$3 gain if timed right
CBST
same thing here...
FN
same deal
LDK was a hammer play ..couple of days bounce
MNKD same deal...as of today it is at the support line...if it holds that support and moves up its a buy , with stop loss at the support line
STEC is breaking out of the ascending triangle, pennant or watever pattern, i think its too late for an entry , unless it pulls back and shows some support..I put up STEC's chart but then that day it broke my stoploss...but then it rebounded and is off I guess...
TIBX ... same as the charts above
lots of easy money right there!!!!!!
Dont you think?