Tatnic's Terrific Trades

Wfr

Here's one I got back in early December on chance. It wasn't on my alert list but I was thinking about solar stocks and pulled up the chart. It had already started to break out the week before (last week of Nov, '06) so it wasn't too far along. NOtice how the bb's had constricted nicely, and how on the b/o the adx and volume both ramped up? The rsi has started ramping a few weeks before the breakout. The price level that I thought looked critical on the weekly was just over $38, because that was the highest weekly close going back several months. And you can see how the spike in volume coincided with that level being broached.

Also notice how the price retraced after the b/o, but stayed above the 10 week and then shot off again. That's the sign of a really strong breakout. The 30 ema is supposedly the line in the sand but it varies from stock to stock.

This stock is way ahead of itself IMO so it could retrace easily back towards the 10 week.

woops...I forgot to post the chart link:

http://stockcharts.com/h-sc/ui?s=WFR&p=W&yr=1&mn=6&dy=0&id=p40641150511

I have anxiously awaited this new thread! Tatnic, put 'em down for us to watch! I really like it when one posts his reasoning about how to pick and enter/exit a trade. Please put up some picks for us! and Thanks!

ok NB and Webs, thanks encouragement, again I just noticed the thread so my apologies for not responding sooner.

TMB was set at 39.5 as an alert (and I based this on the weekly prices and its basing over the past few months...if you check those prices you'll see what I saw). Since its not really the end of the week I'm sticking my neck out here somewhat because it could pull back below its breakout level. But that's one heck of a strong looking chart IMO. Why? Because of how long its based and how tight the weekly bollingers have become.

BUT, there's a slight problem here...the volume is not huge and this could come back to screw things up. So its not an A+ breakout--it still has a day and a half of a shortened week so the volume may be somewhat misleading here and could make up the slack.

Fundamentally, I do recall checking them but this is not a fundamental play....strictly a breakout. I just recall that the fundies did not rule of a position.

http://stockcharts.com/h-sc/ui?s=TMB&p=W&yr=3&mn=0&dy=0&id=p18092879425

Hot off the presses....TMB

Sorry I didn't see this thread earlier...in the future, as soon as my alerts pop up I'll post them here. I may or may not buy them, and it goes without saying that it's up to you to see if they're to your liking. I did buy TMB this am and I don't believe the breakout is too far along to get some here. But to be honest, it could easily drift back a little for those who want a lower price.

This is strictly a technical breakout trade that I set an alert for based on the weekly charts.

Tatnic now has his own thread where he will share with us his winning trades. Thanks Tatnic!

Hot off the presses....TMB

[Websman]

Bring on the huge picks!

[New-born baby]

Let's have 'em!

I have anxiously awaited this new thread! Tatnic, put 'em down for us to watch! I really like it when one posts his reasoning about how to pick and enter/exit a trade. Please put up some picks for us! and Thanks!

[mrmarket]

Tatnic now has his own thread where he will share with us his winning trades. Thanks Tatnic!