Posted in Stock Trading Class on Sep 23rd, 2007
Sept 23, 2007
As showing in the daily chart, AMGN broke the the price 55 with good volume. It most likely will stay in the trading range 55-59 for a little while. The 30 minute chart shows AMGN has consolidating in a symmetrical triangle for last 6-7 trading day. It’s about the time for going up [...]
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Posted in Stock Trading Class on Sep 21st, 2007
21 Sept 5 pm
AKAM consolidating last 5 weeks and found support at 29.44. Weekly chart shows breakouts after about 5-6 weeks of congestion. (ah … History sometimes repeats … ;)
Note:
A longer timeframe trade could use the Stop = 28.43 (low of 16 Aug) and Target = 36.00 (high of 9 Aug). Rwd:Risk = 3.51
The purpose of these posts is [...]
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Posted in Stock Trading Class on Sep 21st, 2007
21 Sept 4.30pm
KNDL had a six day run-up and found resistance at 44.51. Doji was formed yesterday and today is 1st down day on good volume.
Notes:
The counter trade for KNDL would be to wait for it to breakout and enter at about 44.6. With Short ratio at 5.3, a small spike might make this a quick [...]
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Posted in Stock Trading Class on Sep 21st, 2007
im plamnning to scale in here. first entry at 41.11. 60-min support is at 40.86 where i will avg down. stop is at 40.49. .62 stop loss. target is just under 43 for 2.89 profit projection. 4.66x R/R. if i avg down, the R/R will improve.
Update #1 – filled at 40.86… 40.99 avg price… had [...]
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Posted in Stock Trading Class on Sep 20th, 2007
The purpose of these posts is to learn Stock Trading. Stock Commentary, Stock Trading School and the different Stock Traders who post the different stock trading strategies on this website are not responsible for any trading decisions made by any reader of these posts. The stock traders on this website may make specific stock trading [...]
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Posted in Stock Trading Class on Sep 20th, 2007
NTGR has been making higher lows for the last several days. It may break the resistance at 28.85. Enter at 20ma on 5min chart, stop loss below previous low of 27.70, target upper Bollinger Band on daily chart 30.11.
The purpose of these posts is to learn Stock Trading. Stock Commentary, Stock Trading School and the [...]
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Posted in Stock Trading Class on Sep 20th, 2007
PCG
1. Two potential targets 49.95/51.95.
2. Gapped up & closed > 200 sma on 9/19.
3. Stop placed at open of candle on 9/19 @ 37.35.
4. It is in the utility sector which is third best sector according to some sources.
The purpose of these posts is to learn Stock Trading. Stock Commentary, Stock Trading School and the different [...]
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i got interrupted and had to take daughter to school & honestly, im not finding great set-ups as i like to trade near pivots… plus, i drove to Bay area & back since the tuesday class. i dont trade when im tired.
CWCO is a water stock, pays a small divvy. it tested lower TL support yesterday, which [...]
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After 6 green bars, RMBS has a Skyscrapper Setup at the daily 200 ma.
Entry is Short RMBS at $18.63 (taken intraday – Pic was captured after close)
Stop is .26 above daily high at $19.51
Target is 20 ma and prior breakout area at $16.00…this is also approximately 50% retracement of longer term low to high.
Potential Risk [...]
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Posted in Stock Trading Class on Sep 19th, 2007
HEM is approaching 13.50 today, which is the all time high. Enter buy stop-buy at (13.65) Limit at (13.70) Stop Loss at (13.43). No target but will adjust stop daily if it breaks out successfully. If I get stop out the same day, look to buy again the same day or in the next 2 [...]
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