Spike's Scientific Stock Analysis

[spikefader]

Spike,

Can I get your input on BOOM?

What a mover huh! Boom is a very apt name. It's a chase up here. I'd be waiting for a wave 4 entry that matches with a channel long maybe??

[spikefader]

Greetings Spike,
Would you evaluate my idea on a stock?Im referring to PKZ,it recently hit an upper channel which expanded.A recent runup channel puts a lower touch at around 40?
Also a fib. 50% retrace coincides at 40.20 from where I place it.
Am I in the ballpark?

Also I see a recent wedge that broke upwards and caused the nice run.

So how close am I?

cordially in training,Tom

You are spot on! Great work. And look at the somewhat ugly looking inverted SHS that targeted the top! The fact that the channel expanded is bullish. The weekly whispers up too. No guarantees it'll give you the entry, but it's one to want and watch for.

[spikefader]

Hasn't quite worked out the way I planned I'm not sure what I'm more disappointed with, the stock itself, or the fact that EZPW has been a market leader so far this year, and it's breaking below the 50 DMA. If it becomes a trend with market leaders, then it's obviously curtains for the market rally.

While yesterday's sell-off, in itself, may have been attributed to an overreaction of negative news, to go on two days, there's a little more to it.

Thoughts?

Bummer dude. This is why I love stops. Logical stop was under the c entry. I'd expect some gap support, which is near channel long, and technically still could be a c down - just bigger than I thought.

[spikefader]

SPIKE ELN any thoughts??????

All bearish ones. Bear flag break down today. With a gap at 1.50, I'd be a petrified bagholder if I happened to be one of those. Sorry it's not better news.

[Thomrich]

Greetings Spike,
When a stock breaks through a wedge with authority,it seems the target up is the furthest span of the wedge?

Also would you consider the action on FORD the formation of a bull flag in process?

Thanks again for the education,Im betting FRO rewards you nicely.Oil is speculated to hit 60 next week.What a rotten time to be changing brokers,Ill educate myself meanwhile,and learn how to post links.

cordially Tom

[spikefader]

Greetings Spike,
When a stock breaks through a wedge with authority,it seems the target up is the furthest span of the wedge?

Also would you consider the action on FORD the formation of a bull flag in process?

Thanks again for the education,Im betting FRO rewards you nicely.Oil is speculated to hit 60 next week.What a rotten time to be changing brokers,Ill educate myself meanwhile,and learn how to post links.

cordially Tom

Yes, that is how many people target triangle/wedge breakouts - the widest span of the pattern.

Ford, look at the weekly, and you've already had the bull flag, with the break out this week.

[dmk112]

Yes, FORD has been treating me nicely lately

[B.J]

Bummer dude. This is why I love stops. Logical stop was under the c entry. I'd expect some gap support, which is near channel long, and technically still could be a c down - just bigger than I thought.

Good you mentioned the gap support, Spike. That happens to be my plan. I have a limit order at $15 (.15 above the 14.85 gap). I'm confident there will be heavy support if it gets there. But if it goes up today, that's ok, too

[spikefader]

I am change to bear this morning. Vector closed bearish yesterday. We remain under the gap resistance, so the QQQQs have some work to do to prove me wrong. Closing this long for +.41 and opening a short at R1 37.67. What a grind Qs have been recently. I will be pleased with a nice tradeable run instead of this chop!

[spikefader]

Martha short!

[dmk112]

Spike,

In reference to PKZ would you consider the action in last couple of days a triangle? Bullish or bearish?

[spikefader]

chart says it all.

[spikefader]

Spike,

In reference to PKZ would you consider the action in last couple of days a triangle? Bullish or bearish?

Yes, I would call that a triangle. I'm not sure if it's a big bull flag, or a bearish descending triangle. Both are possible.

[MEA_1956]

Cwei

CWEI === As I look at a 3 month chart on this one I may have found the bottom of a c leg. There has been lots of activity here in the last couple of days, in both vol. & $.
I just plug the old zigzag basic in, so if you don't mind, take a look at this one and let me know what you think. I've been holding this one in my Green Acres Acc. for awhile, sure would like to see it move a little more so I can trade it in on a different stock. Thanks in advance ===> M.E.A.

[spikefader]

Yes. And do you see the 12345abc? The c entry at 18.66 is a great play. And look at the triangle breakout today, with a nice wave from 19.45 up to 19.97! 19.55 was the breakout by the looks. Will pay to buy support now, but the best entry was the c.

C failure has resulted in an ugly sell off. The lesson: Even a great setup like 12345abc fails. Nothing is perfect. Nothing is guaranteed. It isn't rocket science to accept this. It's a basic fundamental of TA - that there is always risk, always vulnerability, and ALWAYS the need for an emergency exit and the discipline to let your exit plan be deployed.
*unless you are well diversified and are prepared for the loser to go to zero.

In this case, the appropriate exit plan is under the C - since if C doesn't hold, it's not really a C!